Combination Bond issue 6
A savings and investment opportunity all rolled into one
- A Legal & General investment bond - a choice of investment bonds with access to a wide range of funds, each with different aims, PLUS
- A BBS 1 year Bond - enjoy a fixed rate of 6.00% gross pa/AER
This product combination is available until 30 September 2011 and you must use the Investment Planning Service, where you will receive investment advice from a Legal & General Adviser.
Key Features
- Growth and income options
- At least 70% of total investment must be in a Legal & General investment bond
- Minimum investment of £5,000 with L&G
- Medium to long term investment (at least 5 years, ideally longer)
- Charges may apply on closure
- Unlike a deposit account, the value of an investment bond may fall as well as rise. The capital value and level of income are not guaranteed and you may get back less than you originally invested.
Key Features
- Interest rates fixed until 30 September 2011
- Annual & monthly interest options
- Minimum investment of £1,000; maximum £500,000
- 1 withdrawal allowed during term, including closure, without notice or charge
- No additional deposits allowed.
Summary Box
Key Product Information for BBS 1 year Savings Bond
| Account Name | Barnsley Building Society 1 year Savings Bond (must be opened in conjunction with a Legal & General investment bond) |
|---|---|
| Interest rates (AERs) | One year fixed rate paid annually or monthly. View interest rates. |
| Tax Status |
or
|
| Conditions for bonus payment | N/A |
| Withdrawal arrangements | One part withdrawal or closure during the term. Further withdrawals or closure not allowed, subject to daily withdrawal limits. |
| Access | Branch |
Interest Rates
BBS 1 year Savings Bond
Rates fixed until 30 September 2011.
Current rates
(effective 1 April 2010)
(effective 1 April 2010)
N.B. This Savings Bond is only available when purchased alongside a Legal & General investment bond following advice from a Legal & General Adviser. The minimum investment amount for the Savings Bond is £1,000 and for the Legal & General investment bond is £5,000, making the total combined minimum investment £6,000. Unlike a deposit account, capital in the Legal & General investment bond is not guaranteed, its value and the level of income may fall as well as rise.
Gross rate p.a.
Interest rate payable before any income tax is deducted. It can only be paid subject to the required registration.
Net rate p.a.
Interest rate payable after the deduction of income tax, at the lower rate of 20%.
AER
Annual Equivalent Rate shows what the interest rate would be if interest was paid and added each year. This will enable you to compare more easily the return you can expect from your savings over time.
A balanced approach to investing
What do you want from your investments? Chances are that there is no simple, straightforward answer. In truth, no single investment is likely to satisfy all your needs. That's why we're here - to help you choose the ones that are best for you.
1. What the Investment Planning Serivice offers
- A wider range of investment opportunities brought to you from Barnsley Building Society and Legal & General working together.
- More choices to satisfy your individual needs.
- The combination of short-term savings and the potential for long-term growth.
2. Why Legal & General?
To add to our own expertise and product range, we have chosen to work with Legal & General. The Legal & General Group, established in 1836, is one of the UK's leading financial services companies. Over 6.5 million people rely on them for life assurance, pensions, investments and general insurance plans. The Legal & General Group is responsible for investing £280 billion worldwide (as at 31 December 2008) on behalf of investors, policyholders and shareholders.
3. Personal service
You can talk to a Legal & General Adviser either at your local branch or by phone at your convenience. Alternatively, they can visit you at home. The Adviser will take the time to find out about your current savings and investments and what you want your money to achieve in the future. This will help to identify suitable products for your needs.
4. A wide range of investments
Through the Investment Planning Service you have access to a wide range of investments including:
- Legal & General's investment bonds that allow diversified investments into shares, fixed interest securities, UK commercial property and cash
- A range of Legal & General ISAs (Individual Savings Accounts) that complement our ISAs and allow you to invest tax-efficiently in stocks and shares as well as cash.
- Unit Trusts that provide access to the growth and income potential of stocks and shares.
You will have the option of combining investments designed for money you can leave untouched for five years or more, with shorter term investments.
How to apply
Book an appointment with a Legal & General consultant by:
- Calling us on 0845 1200 898
- Visiting a Barnsley Building Society branch
Barnsley Building Society introduces its customers to Legal & General for the purposes of advising on and arranging life assurance and investment products bearing Legal & General's name.
Barnsley Building Society and the Barnsley are trading names of Yorkshire Building Society. Principal office: Yorkshire House, Yorkshire Drive, Bradford BD5 8LJ.
Yorkshire Building Society is a member of the Building Societies Association and is authorised and regulated by the Financial Services Authority and are entered in the FSA register and our FSA registration number is 106085.
Get in touch with us:
- Call us on 0845 1 200 898
Lines are open from 9am – 5pm, Monday to Friday. - Find a branch:
http://www.barnsley-bs.co.uk/about/branches.html - Manage your accounts online:
http://www.barnsley-bs.co.uk/security/online_help.html
This site is intended for UK Residents unless otherwise stated. All communications with us may be monitored/recorded to improve the quality of our service and for your protection and security.