Westminster Bond - Edition Three

4 year Monthly Income Bond

Variable rate with interest paid monthly

This bond is the latest edition to the Society’s savings schemes. It is designed for people who have a lump sum they would like to put aside for a fixed term whilst looking for a good rate of return on their investment every month for 4 years.

Invest from £5,000

The minimum investment is £5,000, with a maximum of £100,000 per member. Your Investment is recorded in a passbook and a statement is issued as at 31 December each year.

Monthly Income and Interest

Interest will be paid into your nominated bank account on a monthly basis. The interest rate, whilst variable, is guaranteed to be no lower than the Bank of England base rate during the fixed term period. If you are a non-taxpayer we can pay interest gross, provided you complete HMRC Form R85 and you register it with us. If you become a non-taxpayer after you have opened your account, just ask us for HMRC Form R85, as required.

Managing your Westminster Bond

You may withdraw up to 10% of the original capital invested each year.

You can access your funds by visiting the Society’s office during our normal business hours. Any requests for cash will be subject to the encashment limit prevailing at the time.

If you prefer, you can also conduct your account through the post and we will respond to your requests by return. Just let us have your written instruction, as appropriate, together with your passbook.

Download the Westminster Bond Ed 3 flyer - pdf document 80k

Check the current interest rates.

Opening your Westminster Bond 3 Account

Inland Revenue form R85 is available on request for personal investors who have no tax liability. From the date of registration the Society can pay gross interest. Personal Investors who become non taxpayers after opening their account may also request and register form R85 in order to earn gross interest.