1 Year Fixed Rate ISA Bond (FRI26)

1 Year Fixed Rate ISA Bond (FRI26)

3.75% AER†/gross pa fixed for 1 year. Interest is calculated daily and paid on maturity.

†AER stands for Annual Equivalent Rate and illustrates what the interest rate would be if interest was paid and compounded once each year. Gross is the rate of interest if interest were paid and not compounded each year.

Interest is calculated daily from the day of receipt in the case of a deposit by cash or transfer and from the following day of receipt in the case of a deposit by cheque. Interest shall accrue up to the maturity date.

Interest is calculated daily from the day of receipt in the case of a deposit by cash or transfer and from the following day of receipt in the case of a deposit by cheque. Interest shall accrue up to the maturity date.

The interest on this account is fixed for the term of the Fixed Rate ISA Bond and cannot be changed.

Based on the interest rate, if you deposited £1,000 in this account, on maturity, you would have £1,037.50. This figure is for illustration purposes and is based on no additional deposits during the term of the ISA bond. For illustrative purposes only and does not take into account individual circumstances.

The account can be opened by holders of a Fixed Rate ISA Bond - Issue 24 and by new and existing members.

To open this savings account you must be aged 18 or older, UK resident, and permanently reside within the UK. For non Fixed Rate ISA Bond - Issue 24 members, a minimum of £500 new funds must be deposited when opening the account. The minimum balance is £1,000, the maximum balance is £100,000.

If you have requested to reinvest some or all of your maturing bond funds by completing the maturity instructions form, which you have been provided with and returning them to any branch of The Society, or via the post to: FREEPOST HEBS then this account will be opened for you. Subscriptions for the 2025/2026 and 2026/2027 Tax years will be permitted. No external transfers will be accepted.

No partial withdrawals are allowed on this account. You may only close your account or transfer your ISA by complete closure of the account which will be subject to 120 days loss of interest. Funds will be available for transfer or withdrawal after the end of the fixed period. The balance plus interest must be withdrawn.

On maturity you will have the following three options:

• Transfer the balance to a new Hanley Fixed Rate ISA Bond savings account.
• Transfer the balance to an existing Hanley savings account.
• Transfer to another bank/building society account.

If you don't choose an option listed above the Society will open a new fixed rate Hanley Cash ISA savings account and transfer the balance into the new account. (This is the default option unless you tell us differently).

You will be contacted 14 days before maturity of this product to determine your ongoing requirements.

Tax Free means interest is exempt from income tax.

The treatment of your account for tax purposes will depend on your individual circumstances and you may need to pay tax on any interest that exceeds your Personal Savings Allowance. For more
information please visit HM Revenue & Customs’ (HMRC) website http://www.hmrc.gov.uk. The tax information provided is based on our understanding of current law and HMRC practice, both of which may change.

Only 1 bond per Member is permitted.

Minimum age 18 years.

UK residents only.

These product details should be read in conjunction with the Savings Terms and Conditions and ISA Terms & Conditions.

The Savings Terms and Conditions can be viewed online or requested from any branch of the Society.

Yes if

You are happy to lock away your money for a fixed term.

You are looking for an interest rate that won't change.

You want to open and manage your account in branch or via the post.


No if

You want instant access to your money.

You want to put money away on a regular basis.

You have already used your ISA allowance for the tax year.

You want to open and manage your account online.