Ethical 3-Year Credit Union Fixed Rate Account

Interest is paid Gross i.e. without tax deducted.

3 years.

No withdrawals, transfers out or closures are permitted before the maturity date.

Deposits can be made by electronic transfer from your nominated account only. From the day we confirm your account is open you have a funding period in which to fund it, with one deposit or several. No further payments are permitted once the funding period has ended.

Unlimited.

Interest is calculated daily and added to your account on each anniversary of the investment and at maturity. There is no bonus interest payable.

The interest rate is fixed and cannot be altered in accordance with Section 9 Changes to interest rates of our Terms for organisations.

You can manage your account by post and email or if registered via our mobile banking app. We can answer any questions directly, over the phone or via secure message if registered via our mobile banking app.

We will write to you before maturity to remind you of the date that your fixed-term ends. At maturity, you can either withdraw your funds to your Nominated Account, reinvest them in a new fixed-rate account or transfer them into an alternative Charity Bank account of your choice (subject to any specific account Terms). If you do not let us know what you wish to do by the maturity date, your account will automatically revert to an Ethical 40-Day Notice account and the managed interest rate will be confirmed to you in writing. The Ethical 40-Day Notice account is subject to the following condition: A signed withdrawal form giving 40 days’ notice is required for withdrawals and closures.