At Bank of Cyprus UK we provide a secure, attractive and flexible home for your medium and long term savings with a range of bond options.
Fixed Rate Bonds
If you are looking for a better return on your money, and you can commit funds to medium or long term savings, then Fixed Rate Bonds may be for you. Our savings bonds are an attractive alternative to savings accounts. They pay a competitive rate of interest, fixed for the term of the bond. Terms for our savings bonds range from six months for existing customers and from one year for new customers to three years, and you could get up to 2.60% Gross/AER interest – guaranteed.
Our FlexiBond gives you an attractive medium term interest rate, with the flexibility to access to part of your savings. You can withdraw up to 30% of your deposit during the fixed rate term.
Gross interest is the contractual rate of interest before deduction of income tax. We will deduct Basic Rate Tax (currently 20%) unless you are entitled to receive your interest gross. AER stands for Annual Equivalent Rate and illustrates what the interest rate would be if interest was paid and compounded once each year.