5 Year Fixed Rate Bond Summary Box

Balance in the account % Gross(2) %AERs(1)
£1000 – £500,000 1.80 1.80

Interest is calculated on a daily basis and paid annually on 31st October.

The annual interest will be paid directly into your nominated UK bank account, building society account, or a nominated account with the Society. (Excluding this account)

This interest rate is fixed until 31st October 2024 meaning we cannot change the interest rate during this fixed term period. After this date your account reverts to the variable rate of interest of the Chorleian Share Account.

Based on the fixed term expiry date of 31st October 2024, the account balance will be £1,000 with £90.00 interest having been paid to your nominated account. This figure is for illustration purposes. It assumes a fixed rate term of 60 months and that no withdrawals are made during the fixed term period. No additional deposits are permitted on this account. 

To be eligible;

  •  Available to new and existing Members
  • New money to the Society only – transfers from existing accounts with the Society are not permitted
  •  Aged 18 or over and a UK resident to open this account.

To open an account you will need to apply in branch or by post and let us have;

  • a fully completed Share Application Form
  • at least the minimum deposit of £1000.00; and
  • proof of your identity and address
  • The maximum deposit allowed is £500,000

Only one 5 Year Fixed Rate Bond (31.10.2024) account per customer can be held.

The Society’s products can be opened and managed in branch or by post, please refer to the Society’s Savings Accounts Terms and Conditions.

  • No withdrawals or account closures are allowed within the fixed rate term, except in the event of the death of the account holder.
  • The fixed rate term will end on the 31st October 2024. The account balance will then be available on the next working day. ‘Working day’ means a day other than a Saturday, Sunday or Bank Holidays.
  • We will contact you at least 14 days prior to the end of the fixed rate term to advise you of the options available at that time.
  • If you take no action at the end of the fixed rate term the balance will be automatically transferred into a Chorleian Share Account within the Society bearing the account holder’s name. Please refer to the Society’s Savings Accounts Terms and Conditions for further details.
  • At that time you may withdraw by cash, cheque or CHAPs* (*subject to a £25 fee). Cheques will be issued within 48 hours of receipt and posted 1st class to the account holder.
  • Withdrawal conditions apply; please refer to section 16 of the Savings Account Terms and Conditions for further details

Where interest is paid to an external UK bank account, the interest will be available within 3 working days.

This is a limited issue and the Society reserves the right to withdraw this product without notice at any time.

Whether you need to pay tax is dependent on your own personal circumstances and may be subject to change in the future. For more information on Tax Allowances please call HMRC on 0300 200 3312 or visit https://www.gov.uk/government/publications/personal-savings-allowance-factsheet/personal-savings-allowance.

Details of our full range of products and current interest rates are available on request at our branches, by telephone 01257 235003 or from our website www.chorleybs.co.uk .

Before applying for any of the above accounts please ensure you read and understand the following:

All applicants must sign and return the application form.

Please also refer to our Identification Criteria in case we need to request more information from you

Please return your application to the following address:

Savings & Investment Department
Chorley Building Society
Key House
Foxhole Road
Chorley
Lancashire
PR7 1NZ

Got an Enquiry? 01257 235003
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The Society will collect your email address as an alternative means of communication if we cannot reach you via telephone. This data will not be used for any other purpose.