Non Personal Fixed Rate Bonds

These accounts can be a good choice for making your savings work harder with a fixed interest rate.

Non-Personal Fixed Rate Bonds

Running a charity, trust, club or society means you’re always looking for ways to make the most out of hard-earned donations and fundraising income. Even if you’re looking after retirement funds through a SIPP or SSAS scheme, exploring ways to put money to good use is probably on your mind too.   The good news is that if you’re prepared to leave a lump sum of money untouched until a set date, you may be able to take advantage of a higher interest rate than our other savings accounts can offer.  We’ve got a range of fixed term bonds for you to choose from – from as little as one month, to as long as five years.

Fixed Rate Bonds

1 Month Fixed Rate Bond  (0.10%)

Account Name

1 Month Fixed Rate Bond

What is the interest rate?

0.10% Gross*/AER** – Monthly

Monthly interest is paid on the last working day of the month.

Can Hodge Bank change the interest rate?

No, the interest rate is fixed for the term.

What would the estimated balance be after 12 months based on a range of deposits?

1,001.00 This illustrative example assumes one initial deposit of £1,000, with no further additions with interest paid annually and added to the account. This projection is provided for illustrative purposes only & does not take into account the individual circumstances of a customer.

How do I open and manage my account?

You can open your account by post.

Accounts opened by post can be managed by post and by telephone.

The minimum deposit for a Fixed Rate Account is £1,000.

For deposits made by cheque, interest is calculated from the second banking day on which the cheque is credited to the account. Cheques are cleared in 2 banking days using the Image Clearing System. This system allows banks to clear a digital image of the cheque rather than the original paper cheque.

Signatories must be aged 18 or over and be UK resident for tax purposes.

The maximum amount that may be held by you with us across all products may not in aggregate exceed £1,000,000 but we may waive this limit at our absolute discretion.

Can I withdraw money?

You cannot make withdrawals during the fixed term.  We will write to you, before the end of your fixed term, to provide you with your options.

Additional information

When you open an account, you have 10 working days to transfer any funds in to that account. If, after 10 days, no funds have been received or the funds held in the account do not meet the minimum balance, then we will close the account and return any money held in the account.

We will pay interest without tax deducted.

Glossary of Terms

*Gross
Is the contractual rate of interest payable before the deduction of income tax at the rate specified by law. The payment can be made annually or monthly.

**AER
AER stands for Annual Equivalent Rate and illustrates what the interest rate would be if paid and compounded each year.

3 Month Fixed Rate Bond  (0.15%)

Account Name

3 Month Fixed Rate Bond

What is the interest rate?

0.15% Gross*/AER** – Monthly

Monthly interest is paid on the last working day of the month.

 

Can Hodge Bank change the interest rate?

You cannot make withdrawals during the fixed term.  We will write to you, before the end of your fixed term, to provide you with your options.

Based on £1,000 initial deposit, what would the estimated balance after 12 months?

1,001.50  This illustrative example assumes one initial deposit of £1,000, with no further additions with interest paid annually and added to the account. This projection is provided for illustrative purposes only & does not take into account the individual circumstances of a customer.

How do I open and manage my account?

You can open your account by post.

Accounts opened by post can be managed by post and by telephone.

The minimum deposit for a Fixed Rate Account is £1,000.

For deposits made by cheque, interest is calculated from the second banking day on which the cheque is credited to the account. Cheques are cleared in 2 banking days using the Image Clearing System. This system allows banks to clear a digital image of the cheque rather than the original paper cheque.

Signatories must be aged 18 or over and be UK resident for tax purposes.

The maximum amount that may be held by you with us across all products may not in aggregate exceed £1,000,000 but we may waive this limit at our absolute discretion.

Can I withdraw money?

You cannot make withdrawals during the fixed term.  We will write to you, before the end of your fixed term, to provide you with your options.

Additional Information

When you open an account, you have 10 working days to transfer any funds in to that account.  If, after 10 days, no funds have been received or the funds held in the account do not meet the minimum balance, then we will close the account and return any money held in the account.

We will pay interest without tax deducted.

Glossary of Terms

*Gross
Is the contractual rate of interest payable before the deduction of income tax at the rate specified by law. The payment can be made annually or monthly.

**AER
AER stands for Annual Equivalent Rate and illustrates what the interest rate would be if paid and compounded each year.

6 Month Fixed Rate Bond  (0.20%)

Account Name

6 Month Fixed Rate Bond

What is the interest rate?

0.20% Gross*/AER** – Monthly

Monthly interest is paid on the last working day of the month.

Can Hodge Bank change the interest rate?

No, the interest rate is fixed for the term.

Based on £1,000 initial deposit, what would the estimated balance after 12 months?

1,002.00 This illustrative example assumes one initial deposit of £1,000, with no further additions with interest paid annually and added to the account. This projection is provided for illustrative purposes only & does not take into account the individual circumstances of a customer.

How do I open and manage my account?

You can open your account by post.

Accounts opened by post can be managed by post and by telephone.

The minimum deposit for a Fixed Rate Account is £1,000.

For deposits made by cheque, interest is calculated from the second banking day on which the cheque is credited to the account. Cheques are cleared in 2 banking days using the Image Clearing System. This system allows banks to clear a digital image of the cheque rather than the original paper cheque.

Signatories must be aged 18 or over and be UK resident for tax purposes.

The maximum amount that may be held by you with us across all products may not in aggregate exceed £1,000,000 but we may waive this limit at our absolute discretion.

Can I withdraw money?

You cannot make withdrawals during the fixed term. We will write to you, before the end of your fixed term, to provide you with your options.

Additional information

When you open an account, you have 10 working days to transfer any funds in to that account.  If, after 10 days, no funds have been received or the funds held in the account do not meet the minimum balance, then we will close the account and return any money held in the account.

We will pay interest without tax deducted.

Glossary of Terms

*Gross
Is the contractual rate of interest payable before the deduction of income tax at the rate specified by law. The payment can be made annually or monthly.

**AER
AER stands for Annual Equivalent Rate and illustrates what the interest rate would be if paid and compounded each year.

 

1 Year Fixed Rate Bond  (0.25%)

Account Name

1 Year Fixed Rate Bond

What is the interest rate?

0.25 Gross*/AER** – Annual
0.25 Gross*/AER** – Monthly

Annual interest is paid at maturity.  Monthly interest is paid on the last working day of the month.

Can Hodge Bank change the interest rate?

No, the interest rate is fixed for the term.

Based on £1,000 initial deposit, what would the estimated balance after 12 months?

1,002.50 This illustrative example assumes one initial deposit of £1,000, with no further additions with interest paid annually and added to the account. This projection is provided for illustrative purposes only & does not take into account the individual circumstances of a customer.

How do I open and manage my account?

You can open your account by post.

Accounts opened by post can be managed by post and by telephone.

The minimum deposit for a Fixed Rate Account is £1,000.

For deposits made by cheque, interest is calculated from the second banking day on which the cheque is credited to the account. Cheques are cleared in 2 banking days using the Image Clearing System. This system allows banks to clear a digital image of the cheque rather than the original paper cheque.

Signatories must be aged 18 or over and be UK resident for tax purposes.

The maximum amount that may be held by you with us across all products may not in aggregate exceed £1,000,000 but we may waive this limit at our absolute discretion.

Can I withdraw money?

You cannot make withdrawals during the fixed term. We will write to you, before the end of your fixed term, to provide you with your options.

Additional information

When you open an account, you have 10 working days to transfer any funds in to that account. If, after 10 days, no funds have been received or the funds held in the account do not meet the minimum balance, then we will close the account and return any money held in the account.

We will pay interest without tax deducted.

Glossary of Terms

*Gross
Is the contractual rate of interest payable before the deduction of income tax at the rate specified by law. The payment can be made annually or monthly.

**AER
AER stands for Annual Equivalent Rate and illustrates what the interest rate would be if paid and compounded each year.

2 Year Fixed Rate Bond  (0.30%)

Account Name

2 Year Fixed Rate Bond

What is the interest rate?

0.30 Gross*/AER** – Annual
0.30 Gross*/AER** – Monthly

Annual interest is paid on the anniversary of account opening. Monthly interest is paid on the last working day of the month.

Can Hodge Bank change the interest rate?

No, the interest rate is fixed for the term.

Based on £1,000 initial deposit, what would the estimated balance after 12 months?

1,003.00 This illustrative example assumes one initial deposit of £1,000, with no further additions with interest paid annually and added to the account. This projection is provided for illustrative purposes only & does not take into account the individual circumstances of a customer.

How do I open and manage my account?

You can open your account by post.

Accounts opened by post can be managed by post and by telephone.

The minimum deposit for a Fixed Rate Account is £1,000.

For deposits made by cheque, interest is calculated from the second banking day on which the cheque is credited to the account. Cheques are cleared in 2 banking days using the Image Clearing System. This system allows banks to clear a digital image of the cheque rather than the original paper cheque.

Signatories must be aged 18 or over and be UK resident for tax purposes.

The maximum amount that may be held by you with us across all products may not in aggregate exceed £1,000,000 but we may waive this limit at our absolute discretion.

Can I withdraw money?

You cannot make withdrawals during the fixed term.  We will write to you, before the end of your fixed term, to provide you with your options.

Additional information

When you open an account, you have 10 working days to transfer any funds in to that account. If, after 10 days, no funds have been received or the funds held in the account do not meet the minimum balance, then we will close the account and return any money held in the account.

We will pay interest without tax deducted.

Glossary of Terms

*Gross
Is the contractual rate of interest payable before the deduction of income tax at the rate specified by law. The payment can be made annually or monthly.

**AER
AER stands for Annual Equivalent Rate and illustrates what the interest rate would be if paid and compounded each year.

3 Year Fixed Rate Bond  (0.35%)

Account Name

3 Year Fixed Rate Bond

What is the interest rate?

0.35 Gross*/AER** – Annual
0.35 Gross*/AER** – Monthly

Annual interest is paid on the anniversary of account opening. Monthly interest is paid on the last working day of the month.

Can Hodge Bank change the interest rate?

No, the interest rate is fixed for the term.

Based on £1,000 initial deposit, what would the estimated balance after 12 months.

1,003.50 This illustrative example assumes one initial deposit of £1,000, with no further additions with interest paid annually and added to the account. This projection is provided for illustrative purposes only & does not take into account the individual circumstances of a customer.

How do I open and manage my account?

You can open your account by post.

Accounts opened by post can be managed by post and by telephone.

The minimum deposit for a Fixed Rate Account is £1,000.

For deposits made by cheque, interest is calculated from the second banking day on which the cheque is credited to the account. Cheques are cleared in 2 banking days using the Image Clearing System. This system allows banks to clear a digital image of the cheque rather than the original paper cheque.

Signatories must be aged 18 or over and be UK resident for tax purposes.

The maximum amount that may be held by you with us across all products may not in aggregate exceed £1,000,000 but we may waive this limit at our absolute discretion.

Can I withdraw money?

You cannot make withdrawals during the fixed term.  We will write to you, before the end of your fixed term, to provide you with your options.

Additional information

When you open an account, you have 10 working days to transfer any funds in to that account.  If, after 10 days, no funds have been received or the funds held in the account do not meet the minimum balance, then we will close the account and return any money held in the account.

We will pay interest without tax deducted.

Glossary of Terms

*Gross
Is the contractual rate of interest payable before the deduction of income tax at the rate specified by law. The payment can be made annually or monthly.

**AER
AER stands for Annual Equivalent Rate and illustrates what the interest rate would be if paid and compounded each year.

4 Year Fixed Rate Bond  (0.40%)

Account Name

4 Year Fixed Rate Bond

What is the interest rate?

0.40 Gross*/AER** – Annual

0.40 Gross*/AER** – Monthly

Annual interest is paid on the anniversary of account opening. Monthly interest is paid on the last working day of the month.

Can Hodge Bank change the interest rate?

No, the interest rate is fixed for the term.

Based on £1,000 initial deposit, what would the estimated balance after 12 months?

1,004.00 This illustrative example assumes one initial deposit of £1,000, with no further additions with interest paid annually and added to the account. This projection is provided for illustrative purposes only & does not take into account the individual circumstances of a customer.

How do I open and manage my account?

You can open your account by post.

Accounts opened by post can be managed by post and by telephone.

The minimum deposit for a Fixed Rate Account is £1,000.

For deposits made by cheque, interest is calculated from the second banking day on which the cheque is credited to the account. Cheques are cleared in 2 banking days using the Image Clearing System. This system allows banks to clear a digital image of the cheque rather than the original paper cheque.

Signatories must be aged 18 or over and be UK resident for tax purposes.

The maximum amount that may be held by you with us across all products may not in aggregate exceed £1,000,000 but we may waive this limit at our absolute discretion.

Can I withdraw money?

You cannot make withdrawals during the fixed term.  We will write to you, before the end of your fixed term, to provide you with your options.

Additional information

When you open an account, you have 10 working days to transfer any funds in to that account.  If, after 10 days, no funds have been received or the funds held in the account do not meet the minimum balance, then we will close the account and return any money held in the account.

We will pay interest without tax deducted.

Glossary of Terms

*Gross
Is the contractual rate of interest payable before the deduction of income tax at the rate specified by law. The payment can be made annually or monthly.

**AER
AER stands for Annual Equivalent Rate and illustrates what the interest rate would be if paid and compounded each year.

5 Year Fixed Rate Bond  (0.45%)

Account Name

5 Year Fixed Rate Bond

What is the interest rate?

0.45 Gross*/AER** – Annual

0.45 Gross*/AER** – Monthly

Annual interest is paid on the anniversary of account opening. Monthly interest is paid on the last working day of the month.

Can Hodge Bank change the interest rate?

No, the interest rate is fixed for the term.

Based on £1,000 initial deposit, what would the estimated balance after 12 months.

1,004.50 This illustrative example assumes one initial deposit of £1,000, with no further additions with interest paid annually and added to the account. This projection is provided for illustrative purposes only & does not take into account the individual circumstances of a customer.

How do I open and manage my account?

You can open your account by post.

Accounts opened by post can be managed by post and by telephone.

The minimum deposit for a Fixed Rate Account is £1,000.

For deposits made by cheque, interest is calculated from the second banking day on which the cheque is credited to the account. Cheques are cleared in 2 banking days using the Image Clearing System. This system allows banks to clear a digital image of the cheque rather than the original paper cheque.

Signatories must be aged 18 or over and be UK resident for tax purposes.

The maximum amount that may be held by you with us across all products may not in aggregate exceed £1,000,000 but we may waive this limit at our absolute discretion.

Can I withdraw money?

You cannot make withdrawals during the fixed term.  We will write to you, before the end of your fixed term, to provide you with your options.

Additional information

When you open an account, you have 10 working days to transfer any funds in to that account. If, after 10 days, no funds have been received or the funds held in the account do not meet the minimum balance, then we will close the account and return any money held in the account.

We will pay interest without tax deducted.

Glossary of Terms

*Gross
Is the contractual rate of interest payable before the deduction of income tax at the rate specified by law. The payment can be made annually or monthly.

**AER
AER stands for Annual Equivalent Rate and illustrates what the interest rate would be if paid and compounded each year.

What are non-personal fixed rate bonds? 

 

fixed rate bond is a type of savings account allowing you to deposit a lump sum of money for a fixed length of time. You won’t be able to access the funds for the duration of the fixed term, but the interest rate is fixed, which means that you’ll know in advance what your return on investment will be. 

Wondering how to make the most out of your savings with bonds? The larger the amount of money you can afford to lock away and the longer the length of time you can leave them untouched, the better your return on investment will be. However, it’s important to make sure you only tie up the amount of money you’re certain you won’t be needing in the near future. Having a combination of fixed rate bonds and easier access accounts such as notice accounts for non-personal use could be the best way to go. 

 

Who can open a non-personal fixed rate bond account? 

 

If you’re representing a club or society, a trust, charity or a SIPP/SSAS pension scheme, you can apply for a non-personal fixed rate bond, provided you can afford to deposit at least £1,000 for one month or more  – without making any withdrawals for the duration of the term. 

Looking for a fixed rate business bond instead? No worries, we can help you too. Make sure you check out our dedicated products for commercial enterprises so you don’t miss out on our competitive rates.  

 

Benefits of non-personal fixed rate bonds 

 

Choosing a fixed rate bond comes with a few important advantages. Here’s what to consider when looking for ways to grow your capital: 

Know exactly what your return will be before you invest 

Your interest rate will be fixed, which means you’ll know exactly what amount of money you should be expecting at the end of the fixed rate bond term. 

You can choose a fixed term bond that suits your particular situation 

When it comes to saving money, there’s more than one way to do it effectively. Whether you can’t part ways with your funds for more than one month or you’re lucky to afford tying up your money in a savings accounts for up to 5 years, fixed term bonds allow you to choose the term you’re most comfortable with. 

Peace of mind with an investment you can trust 

Most fixed rate bonds up to £85,000 are protected by the Financial Service Compensation Scheme (FSCS). So, if you’re looking for a safe fixed rate bond for your charity, trust or society, this is a savings account you know will grow your capital. Take it into consideration when managing your surplus cash. 

Protecting your money

Your eligible deposits with Hodge Bank are protected up to a total of £85,000 by the Financial Services Compensation Scheme.

Find out more