Personal 3 Month Bond Account: 4.87% Fixed (Issue 3)

• Interest will accrue on balances between £1,000 and £500,000
• Interest is calculated daily and paid into your Personal 3 Month Bond Account at maturity, 3 months after the date of receipt of your first deposit
• All our interest rates are available at www.oxbury.com

No. This account has a fixed rate of interest, so the rate will not change during the term.

The above example shows the estimated balance after 3 months on deposits of £1,000 and £50,000 and is for illustrative purposes only, it does not take account of your individual circumstances and assumes that:

• The account is opened with the amount stated and interest starts being earned straight away
• No further deposits or any withdrawals are made
• The accrued interest is credited to your Personal 3 Month Bond Account at maturity

To open this account you will need to:

• Agree to this Product Summary and our Deposits General Terms and Conditions
• Be an individual aged 18 or over
• Have a UK current bank account in your name; this will be the external account you use to make payments in and out of this Personal 3 Month Bond Account and known as your ‘Linked Account’
• Be resident in the UK (including for tax purposes). Our accounts cannot be held in trust or by US Persons (meaning US citizens, residents, green card holders or taxpayers in respect of their worldwide income)
• Apply from a desktop, laptop or tablet device
• Make your initial deposit within 14 days of opening the account; if the minimum deposit balance of £1,000 is not met during this period, your account will automatically close, and any funds deposited returned to you.
• During the 14 days after account opening, you can make multiple deposits into your account from either your Linked Account or another of your eligible Oxbury savings accounts, up to the account’s maximum balance amount of £500,000. We will return any deposits that take your account over its maximum limit.
  

To manage your account:

• You can contact us and send instructions in relation to your account using Oxbury Online Banking or the Oxbury App, we cannot accept instructions via any other communication method unless in exceptional circumstances.
• You must have a smart phone or tablet, running as a minimum iOS 12.4 for iPhones and Android 7 (Nougat) for Android devices. This is because you will need to use the Oxbury App to either send us instructions or provide verification of your identity when accessing your account using Oxbury Online Banking.
• You will need 2 devices to register for Oxbury Online Banking and the Oxbury App, a smart phone or tablet and a separate device running an internet browser.
• Access to Oxbury Online Banking and the Oxbury App is restricted in certain countries, see the FAQ page on our website for additional information. 

No. You cannot make withdrawals from a Fixed Rate Bond before the end of the fixed term. We will contact you at least 30 days before your account matures to explain your options and next steps.

At maturity you can either give us an instruction to open a new account with Oxbury or give us an instruction to return your money to your Linked Account or another of your eligible Oxbury Accounts.

In the event we do not receive any instructions from you we will convert your fixed terms savings account to a Bond Maturity Rollover Account and send you an updated Product Summary including the new rate and details on how to access your savings.

AER stands for Annual Equivalent Rate and illustrates the interest rate if it was paid and compounded once each year.

We pay all savings interest gross, which means no tax is deducted.

Accounts can be withdrawn from sale to new customers at any time and without notice.

Gross Interest is the interest rate applied to your 3 Month Bond Account and assumes it is compounded four times in a year. This is the rate that appears in Oxbury Online Banking, the Oxbury App and on your statement; it is the rate that is applied to your account that will generate the AER quoted.