Senior ISA Fixed rate bond (27 October 2027)

You should read this product information carefully in conjunction with our Savings Terms and Conditions and ID for customers to ensure you understand the features and conditions of what you are buying. Our savings accounts are only available to UK residents. We recommend you contact your local branch to make an appointment before delivering your completed application form.

Savings Features

Account name 

• Senior ISA Fixed Rate Bond (27 October 2027)

What is the interest rate? 

Interest rate band
Interest rate
£5,000+
4.00% Tax free/AER fixed
• Interest is calculated daily and will be paid monthly

Can Newbury Building Society change the interest rate? 

• No, the interest rate is fixed until 27 October 2027. It can be paid into this account, to another non-ISA account at Newbury Building Society (in the customers name) or to the customers nominated bank account.

What would the estimated balance be on 27 October 2027 assuming £5,000 was invested on 25 October 2024? 

• This estimation is based upon an initial deposit of £5,000 being made on 25 October 2024 and interest added to the account monthly.
• This estimation is for illustrative purposes only and does not reflect individual circumstances.
Interest rate band
Estimated balance

£5,000+

£5,637.60

How do I open and manage my account? 

• A customer can only hold one Bond (27 October 2027).
• Account holder/s must be resident in England or Wales.
• Personal customers only (not available to corporate bodies, organisations, clubs, trusts etc).
• Account can be opened and operated in branch or by post.
• Account can be opened by cheque or transfer from another Newbury Building Society ISA, or a bank account in the account holders’ name.
• Minimum age requirement is 55, for all account holders.
• If the account is opened by post, the account must be approved within 14 days. If the account is not approved within 14 days, we will close the account. The account is approved when we have received the application and the identification requirements have been satisfied.
• Once the account has been fully funded and the 7-day period has elapsed no further funds can be added to the account, and no future year ISA subscriptions can be used. If no deposits have been received within 7 days, we will close the account.
• For ISA transfers in we allow 30 days for the transfer to complete. If no deposits have been received within 30 days, we will close the account.
• The minimum opening balance is £5,000.
• The maximum total deposit is £50,000.
• ISA rules apply, please see below.

Can I withdraw money? 

• No partial withdrawals/partial ISA transfers out are allowed during term of the product.
• The maturity date is the date that you will have access to your funds.
• Prior to maturity on 27 October 2027, we will write to you to discuss your options. These options will be dependent upon our product range and your needs at the time.
• If we are unable to contact you or you do not respond to us, the funds will be transferred to an instant access account matching our Instant premium account on the maturity date.

Can I close the account? 

• In line with ISA regulations, the account can be closed/transferred out at any time during the product term. There will be an interest penalty charge of 270 days’ worth of interest for closures/transfers out.
• If the account is closed during the product term this could mean the customer gets back less than was originally invested due to incurring the interest penalty charge.
• If the account is closed during the product term without completing an ISA transfer, the ISA status will be lost, and the interest penalty incurred.
• If we are unable to contact you or you do not respond to us, the funds will be transferred to an Easy Access ISA in accordance with the product conditions.

Additional information 

• Tax status - Tax free (interest is exempt from income tax).
• Transfers out - We accept full transfer out of current and previous years subscriptions. - We also accept partial transfers out of previous years subscriptions. - We do not accept partial transfers out of current years subscriptions.
• Transfers in - We accept full transfer in of current and previous years subscriptions. - We also accept partial transfers in of previous years subscriptions. - We do not accept partial transfers in of current years subscriptions.