The Penrith Fixed Term Bond (Issue 1) is a one year fixed term account with a variable rate. This product has strictly limited availability and could be withdrawn at any time.
The minimum investment is £5,000 and the maximum is £100,000. Additional payments can be made within the first 30 days.
Accounts can be held in single names only and are limited to one per customer who are resident in the UK and over the age of 16.
The Penrith Fixed Term Bond (Issue 1) will mature 1 year from inception. On maturity the rate will reduce to that of the Instant Access Account and the Terms & Conditions of the Instant Access Account will apply.
Please note the Society’s total limit on combined savings should not exceed £150,000.