ISA Fixed Rate Bond (24 March 2027)

You should read this document carefully in conjunction with our Savings terms and conditions booklet to ensure you understand the features and conditions of what you are buying and keep it safe for future reference. Our savings accounts are only available to UK residents.

Account name

ISA Fixed Rate Bond (24 March 2027)

What is the interest rate?

Interest rate band

Interest rate


Fixed at 4.15% Tax free/AER until 24 March 2027.

  • Interest is calculated daily and will be added to the account on the following dates: 23 March 2025

23 March 2026

24 March 2027

Can Newbury Building Society change the interest rate?

  • No, the interest rate is fixed until 24 March 2027.

What would the estimated balance be on 24 March 2027

assuming £5,000 was invested on 9 April 2024?

Interest rate band

Estimated balance



  • This estimation is based upon an initial deposit of £5,000 being made on 9 April 2024 and interest added to the account on 23 March 2025, 23 March 2026 and 24 March 2027 (no further deposits can be made during the term of the account).

  • This estimation is for illustrative purposes only and does not reflect individual circumstances.

How do I open and manage my account?

  • Available to those aged 18 and over.

  • A customer can only hold one Bond (24 March 2027).

  • Personal customers only (not available to corporate bodies, organisations, clubs, trusts etc).

  • Account can be opened and operated in branch or by post.

  • If the account is opened in branch or 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 is approved, the account can receive deposits within 7 days.

  • 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.

  • Account can be opened by cheque or transfer from another Newbury Building Society ISA, or a bank account in

    the account holders’ name.

  • Account holder/s must be resident in England or Wales.

  • The minimum opening balance is £5,000.

  • The maximum total deposit is £50,000.

  • ISA rules apply, please see overleaf.

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 24 March 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.

    Important information:

  • 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.

  • The interest penalty charge will apply if you transfer your balance to a cash ISA with another provider or one with Newbury Building Society.

Additional information

  • Tax status – Tax free (interest is exempt from income tax).

Important notes

Annual ISA allowance

ISA rules

Individual Savings Accounts (ISAs) were introduced in 1999 to replace old-style tax free savings. They allow you to invest up to a set allowance each tax year (6 April to 5 April) on which you will pay no tax on any interest you earn.

transferred to another ISA manager in accordance with ISA Regulations relating to transfers, as required by ISA Regulation 4(6)(f).

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

Tax free is the contractual rate of interest payable where interest is exempt from income tax.


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Newbury Building Society is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority (Financial Services Register number 206077). English Law applies and we will communicate with you in English. We are participants of the Financial Ombudsman Service. We have a complaints procedure which we will provide on request. Most complaints that we cannot resolve can be referred to the Financial Ombudsman Service. A236