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What could you get?
The estimated interest is for illustrative purposes only and assumes your savings are paid in on the 1st January and no further deposits or withdrawals are made. It doesn’t consider any individual circumstances. All interest rate information should be read in conjunction with the full product information and general terms and conditions for savings accounts. For products with a tiered interest rate – the calculation displayed is based solely on the highest interest rate available shown within the product. Please refer to the individual product terms and conditions for full details regarding tiered interest rates and withdrawals.
This account is for you if:
You want a certainty of return/guaranteed interest
You are looking for long-term savings
You have a lump sum to invest
You are comfortable you do not need immediate access to your money
Summary Box
Here’s more information about the product.
5 Year Fixed Rate Bond (Issue 2) – 30.11.2031
4.95% Gross PA/AER* (fixed until 30.11.2031).
Interest is calculated daily and paid annually on 31 December, with a final interest payment made on maturity.
The interest rate for this account is fixed, which means it will remain the same until 30.11.2031.
The estimated balance on the maturity date of 30 November 2031, based on a deposit of £1,000, would be £1,278.64.
This is an estimate based on:
• a £1,000 deposit made on 1 November 2026
• no additional deposits
• no withdrawals being made
• interest being calculated daily and added to the account annually on 31 December, with a final interest payment on maturity
This projection is provided as an example only and doesn’t take into account your individual circumstances.
This account is available to:
Customers who are at least 18 years old and a UK resident.
Please follow the guidance in our ‘Identification Requirements’ document available in branch and online.
Setting up this account
This account can be opened on Harpenden Online via our website, in one of our branches or by post.
Can this account be opened as a joint account?
Yes, this can be opened as a joint or sole account.
Is there a limit to how many accounts of this type I can open?
Yes – only one account of this type can be held.
Managing this account
You can manage this account in our branches, by post or online (subject to the terms and conditions of Harpenden Online).
How to put money into your account
In Branch or by Post: Deposits can be made by cash (up to £3,000 per day), or cheque.
Via Online: The deposit can be made by bank transfer only.
Saving limits
Minimum opening amount £1,000
Maximum Balance: £1,000,000
Only one payment will be allowed into the account. This must be within 30 days of opening the account. This can be any amount between £1,000 and £1,000,000.
Please note that you must fund the account with the minimum balance of £1,000 within 30 days of account opening, otherwise your application may be cancelled.
No withdrawals or early access permitted before 30.11.2031.
What happens when my bond matures?
This account will mature on 30.11.2031. On maturity, if a new bond is available, we’ll offer you the new bond when this one matures. We’ll send you in advance the details of the new bond, including its interest rate, and the terms and conditions. The details will also include the term which will always be either the same or shorter than your existing bond. The interest payment frequency will be the same as your existing bond.
If no bond is available, we’ll offer you an Instant Access savings account. This type of account lets you access your money whenever you wish. We’ll send you in advance the details of the account, including the interest rate and terms and conditions.
If you want to accept the offer we make to you, you don’t need to do anything. We will open the new bond, and transfer the money, plus interest into it on the first working day after your existing bond matures.
If you don’t want to accept our offer, please let us know before your bond matures and we’ll send the money to you on maturity. You can let us know by signing and returning the instruction form we send to you with your maturity letter, by contacting us by secure message through Harpenden Online or by calling us directly.
This account has limited availability, and the Society reserves the right to withdraw it without notice at any time.
Interest is paid gross without tax deducted. Some savers may be required to pay tax on their savings interest – this should be arranged directly with HMRC through your tax return.
Your tax treatment will depend on your individual circumstances and may be subject to change in the future.
We will contact you prior to your account maturity on 30.11.2031 and outline your options regarding your Bond account.
Cancellation rights
You can close your account within 14 days of making your opening deposit with us if you change your mind, and we willreturn your money with any interest it has earned.
* The gross rate (PA) is the rate before deducting tax at the rate applicable to savings income. The annual equivalent rate (AER) is a notional rate which illustrates what the gross interest rate would be if the interest was paid and added to the account annually.
The information contained in this table forms part of the terms and conditions of the account and should be read in conjunction with our General Savings Account Terms and Conditions for Retail Savings Accounts.
Frequently Asked Questions
Please check with your local branch or call our Member Services Team on 01582 765411 to confirm product availability.
It is important that you read the FSCS information sheet. It provides you with information about the protection of your savings deposits. Eligible deposits with the Society are protected by the Financial Services Compensation Scheme (FSCS).
This savings product is covered by the FSCS.
You can open an account for yourself via Harpenden Online.
Or sign and return your completed form (along with the required ID as detailed in our Identification Requirements document), to one of our branches or directly to our Member Services Team at Harpenden Building Society, FREEPOST, SB165, Harpenden, AL5 4BR
Should you wish to open or operate an account on behalf of another person due to holding a Power of Attorney or Court of Protection Order you will need to obtain a copy of our form ‘Operating an Account for Someone Else’. This is available in branch or can be downloaded from our ‘useful forms and documents’ page.
This document should be returned with your completed application form by post to any of our branches or Head Office.
If you have reason to complain about the service that you receive you should contact the Branch Manager at your local branch or our Savings Operations Manager at Head Office either by telephone or in writing.
You can email at: memberservices@harpendenbs.co.uk
Full details of the complaints procedure can be found in the General Terms and Conditions for Retail Savings Accounts.
If you open a new account and then change your mind, then as long as you tell us at any of our branches or our Head Office within 14 days after the contract is entered into (or, if later, 14 days from the day you first receive, on paper or electronically, the terms and conditions and other information relating to it) you can
• have your money back; or
• switch to another available account
In this case, you will not have to
• give any period of notice;
• lose any interest on the account you are closing; or
• pay any other charges
Once your account is open you can keep up to date with your savings balances and manage your savings accounts securely online by registering for ‘Harpenden Online’.
• Manage your accounts 24 hours a day 7 days a week
• Check the balance of your account(s) and view your transaction history
• Talk with us over the internet through our secure message system
• Request to transfer money directly by electronic payment to a nominated bank account (Maximum £50,000 per day)
• Request to transfer money between your Harpenden Building Society accounts
Data Protection regulations require Harpenden Building Society (the Society) to inform customers about how their personal data will be processed.
Personal data includes customer’s name, addresses, financial information and other personal information needed for opening an account.
The Society will restrict its processing of your personal data to the minimum required to open and manage your account, update you on your account status and inform you of any new savings products.
Your personal information will be processed to comply with the Society’s legal and regulatory obligations, to ensure that we continue to operate in a way to safeguard your investment.
The Society will not send you marketing material on any other services and will not share your personal details with any other organisation for marketing purposes, without your consent.
Your personal details will be stored securely by the Society and its specialist suppliers, in countries that have equivalent data protection rules, and will only be used to communicate with you whilst you have an account with the Society.
Further information on how the Society handles your personal data is available under the ‘Privacy’ menu option on the website.
You are entitled to request the Society to restrict its use of your personal data. If you have any questions about how we manage your personal data, or wish to complain about this, please contact the Data Protection Officer in the first instance at: privacy@harpendenbs.co.uk
If you are not satisfied with the handling of your complaint by the Society, you can also make a complaint to the Information Commissioner’s Office on: ico.org.uk.
You can view our Privacy Policy in full here: Privacy Policy – Harpenden Building Society
For our members
How can we help you today?
Resources for 5 Year Fixed Rate Bond
Here are some links to useful forms and documents
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