5 Year Step Up Bond
Protect your returns
This account is no longer available to new investors.
When you want to be rewarded for long-term savings.
Designed to reward the long-term saver, this fixed-term bond pays 2.75% AER* for the first three years, and then increases to 3.00% AER* for the remaining two years.
The 5 Year Step Up Bond allows you to future-proof your savings by giving you an assured rate of return. When you know exactly what you are saving for, whether it be saving for your child’s education or your own retirement, our 5 Year Step Up Bond will ensure you get the most from your long-term savings.
Savings interest rates
First three years at 2.75%, last two years at 3.00% AER*. Interest is paid annually.
Please read this important information about your rights under the United Kingdom’s Financial Services Compensation Scheme.
Interest rate details
The 5 year Step Up Bond pays a competitive fixed rate of interest for the first three years and then a higher fixed rate of interest for the remaining two years.
The term of the account is five years. You will not be able to close early or withdraw your money during the term of your account.
A minimum balance of £25,000 is required to open your 5 Year Step Up Bond. The maximum balance is £2,000,000.
How it works
All Fixed Term Deposits will be opened with an Investec E-asy Access account. This provides you with a convenient account into which your interest can be paid and your deposit can mature. This is a fee-free easy access account and pays a competitive rate of interest and allows unlimited free withdrawals. All the features of this account, including the interest rate applicable can be viewed at E-asy Access Account.
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Fixed term deposits
Competitive rates of interest on one, two and three year terms in sterling, euros or US dollars.
Mortgages for sums of more than £1m, for residential homes and investment property purchases.
Financial Services Compensation Scheme
Your eligible deposits are protected under the UK’s Financial Services Compensation Scheme (FSCS).