How it works
Putting money into an account that will earn interest untouched for up to three years could make the most of the money you're investing.
The rate you earn interest at is linked to the term of the bond. Interest is paid annually on the anniversary of the account opening.
You'll benefit from a fixed rate of interest over the term you choose. You won't be able to close your account, unless it's due to exceptional circumstances, subject to approval and a fee might apply which will come out of the account – this could mean that you get back less than you put in. You'll also not be able to pay any additional deposits to your account.
Are you eligible?
You have to be at least 16 years old and a UK resident for tax purposes to open an account. For under 16s, you'll need a parent, grandparent or legal guardian to open your account for you.
How to apply
Our Growth Bond rates change regularly, so apply today. Just pick up the phone or pop in to your nearest branch .