Trust 12 Month Fixed

• £1+ 1.50% AER*
• We calculate the interest daily and pay it 12 months from the date the account is opened.
• You earn interest on the whole amount in your account. You cannot have more than £1,500,000 in your account.
• *AER stands for Annual Equivalent Rate and shows what the interest rate would be if interest was paid and compounded once each year. The gross rate is the interest rate payable before tax.

• The interest rate is fixed, so it will not change for the length of the term.
• For more details about why we might change the rate, you should read our Savings Terms and Conditions.

      £1,015.00

• This would be the balance after 12 months if £1,000 was paid in, all interest was paid back into the account, there was no change to the interest rate and no money was taken out or paid in.
• This is just an example to help you compare accounts. It does not take into account what you may do with the money in your account.

• You must live in the UK to open this account. You can open it with as little as £1.
• A trustee is someone who operates the Trust according to the Trust deed. A beneficiary is the person or people that receive money from the trust.
• All trustees and beneficiaries must be UK citizens and be resident in the UK for tax purposes. All trustees must be over 18 years old.
• You need to complete a Trust Account application form to open the account. These can be found on this product page, in one of our Branches in Bath, or by contacting our Savings team.
• You must give us a copy of the Trust deed.
• You will need to give us details and identification documents for all trustees and any beneficiaries over 18 years old.
• The opening deposit must be from a UK bank account. The bank account must be in the name of the Trust, a trustee, or a solicitor acting on behalf of the Trust.
• You can deposit only once into your account. You cannot put any more money into your account after it is opened.
• You can manage the accounts you hold with us through Bath Online, or by using our Mobile App. You can register for Bath Online on our website, and you can register for the Mobile App on your smartphone.
• An opening statement will be posted to you when the account is opened.
• Account holder identification will be required. This is usually obtained through our electronic identity verification service. However, if this proves inconclusive, here’s some popular ways to verify your ID.

• You cannot withdraw any money from this account during the 12 month term.
• You cannot close your account within the first 6 months after the account is opened.
• This is a limited access account. After the first 6 months, you can close the account and withdraw the whole balance. If you do this, we will charge your account.
• The charge is the same as 90 days’ interest on the money you withdraw from your account. If your money has not earned enough interest, we will take the charge from your balance.
• If the account is closed or after 12 months, the money will be paid by faster payment to your nominated account. If you are closing the account before the end of the term, this can be done on Bath Online, through the Mobile App, or in a Branch. You can also send us a signed letter in the post, or an email from your nominated email address.
• This account is protected by the Financial Services Compensation Scheme (FSCS). You should read your FSCS Information and Exclusions sheet for more information about how your money is protected.
• This account is a savings account, not a payment account as outlined in the Payment Services Regulation 2017.
• You should read your Welcome to your Bath Building Society Account brochure to fully understand how your account works.
• We can close an account at any time if you act inappropriately, such as by using abusive language.

This account is protected by the Financial Services Compensation Scheme (FSCS). You should read your FSCS Information and Exclusions sheet for more information about how your money is protected.

• This account is a savings account, not a payment account as outlined in the Payment Services Regulation 2017.
• You should read your Welcome to your Bath Building Society Account brochure to fully understand how your account works.
• We can close an account at any time if you act inappropriately, such as by using abusive language.