Would you like a guaranteed fixed rate of return from some of your
online savings?

Key Features

Eligibility

An Online Bond is available to UK residents only. It is available as a single or joint account to customers 16 years of age and over.

Deposits

Your initial deposit can be made by debit card (providing your identity can be verified electronically during the online application process).

Additional deposits must be transfers, either from another bank or building society account, e.g. by debit card, standing order, or another account held with the Barnsley.

Please note: some banks or building societies may charge you for electronic transfers.

You can only make deposits to the Online Bond whilst it remains open to new investors. However, the Online Bond is a limited issue product, which means it can be withdrawn without notice at anytime.

If you wish to make deposits to the Online Bond we recommend that you arrange this immediately to avoid disappointment. Any payments received after the Online Bond has been withdrawn will be returned to you.

We do not accept Postal Orders.

How much you can save

You can save as little as £100 or as much as £500,000 per bond.

If you wish to make deposits to the Online Bond we recommend that you arrange this immediately to avoid disappointment. Any payments received after the Online Bond has been withdrawn will be returned to you.

Interest

Online Bond	Interest paid until
1 Year	30 November 2010
2 Year	30 November 2011
3 year	28 February 2013
4 year	30 November 2013

Interest is payable at the end of the term and may be added to the account or transferred to another account.

Monthly interest is payable on the last day of the month and must be transferred to another account.

Withdrawals and Early Closures

Withdrawals or closure are not permitted other than in exceptional circumstances which will be applied at our absolute discretion, e.g. the death of the account holder. In these circumstances, the deposit and interest to the date of early closure will be paid.

On Maturity

On maturity your balance will be automatically transferred to an instant access internet account. You may have the option to transfer the balance into another  fixed rate product without the need to re-apply.

The maturity dates are:

Online Bond	Maturity Date
1 Year	30 November 2010
2 Year	30 November 2011
3 year	28 February 2013
4 year	30 November 2013

Keeping track of your account

You will be able to check your balance and view deposit transactions on your account online whenever you wish. We will advise you of the forthcoming product maturity, and generally communicate with you, via email. It is very important that you notify us if your email address changes.

Changing your details

You can change your contact details (postal address, email and telephone) when you are logged in.  To change your name you will need to write, enclosing proof of the change, to Barnsley Internet Savings, PO Box 216, Bradford, West Yorkshire, BD5 5BE.

Not happy with our service?

If at any time you're not satisfied with the service you've received, please let us know. We have a simple process enabling you to do this, the details of which are in our leaflet "Our Top Priority Is You", which can be downloaded from this site, obtained at any of our branches or requested by calling us on 0845 1200 898.

If we cannot come to a resolution to your satisfaction, you may have the right to refer the matter to the Financial Ombudsman Service, of which we are a member.

The Barnsley

If you open an account it will be with Yorkshire Building Society (trading as Barnsley Building Society). Barnsley Building Society is operated under its own brand with its own products and as a trading name of Yorkshire Building Society.

Financial Services Compensation Scheme

Yorkshire Building Society is a participant in the Financial Services Compensation Scheme established under the Financial Services and Markets Act 2000.

Payments under the scheme are limited to 100% of an investor's total shares and/or deposits in a society, up to a maximum amount of £50,000. Most investors are covered, including individuals and small firms.

We also subscribe to the Banking Code, a copy of which is available on request.

Barnsley Building Society will communicate with you in English.

Full terms & conditions

1. Introduction and Eligibility

These general terms apply in addition to the Product Terms for your Online Bond.  Together the Product Terms and General Terms explain and govern how your account works. It is important that you read all of the terms applicable to the account of your choice before you decide whether to open the account. If there is any inconsistency between a general term and a Product Term, the Product Term will apply.

There are no limits on the number of Online Bonds you can open. An Online Bond is available to UK residents only, as a single or joint account and to customers 16 years of age and over.

Terms 6 & 9 explain the circumstances in which we may change the terms and conditions to your account and any charges relating to your account, and how we will tell you about those changes.

If you open an account it will be with Yorkshire Building Society (trading as Barnsley Building Society). Barnsley Building Society is operated under its own brand with its own products and as a trading name of Yorkshire Building Society. References in the Product Terms to 'you' and 'your' are to the account holder. References to 'we' and 'our' and 'the Barnsley' are to Yorkshire Building Society trading as Barnsley Building Society.

2. Rules

As you will be a member of Yorkshire Building Society, the Society's Rules will apply to you. A copy of the current Rules is available on request. Further information about membership and other issues can be found in Yorkshire Building Society leaflet entitled 'Your Society' available in all Barnsley branches.

3. Deposits

1. The minimum initial deposit is £100.
2. The maximum amount you can deposit is £500,000.
3. Your initial deposit can be by debit card or cheque. Any cheques subsequently received will be returned to you.
4. We do not accept Postal Orders.
5. Additional deposits (minimum amount £1) must be transfers, either from another bank or building society account, e.g. by standing order, or another account held with the Barnsley. Deposits by account transfer from another Barnsley Online account (excludes e-save) will start to earn interest on the day they are credited to your account. Deposits from other Barnsley accounts (including the Barnsley e-save account or non-internet accounts) may take longer and will start to earn interest at the point it is credited to the account. To set up a standing order you need to quote the sort code 62-31-11 and a bank account number which comprises the first 8 digits of your Online account number. If you are asked for a reference number please quote the full 10 digits of your Online Bond account number.
6. Please note: you can only make deposits to the Online Bond whilst it remains open to new investors. The Online Bond is a limited issue product, which means it can be withdrawn without notice at any time.

4. Withdrawals and Clearance Periods

1. Withdrawals and deposits can be made to or from your account, where a product term permits.  You will need sufficient cleared funds in your account(s) to make withdrawals. Withdrawals and deposits are subject to the following:
   1. The central clearing cycle for cheques and automated payments, through the clearing system know as BACS, is normally 3 working days (working days exclude Saturdays, Sundays and Bank Holidays). As we are not a clearing bank we will normally treat cheques as cleared on the 5th working day following the day of receipt. Cheques paid in on a non-working day will be treated as received on the next working day.
   2. Automated payments through BACS will be treated as cleared on the day of we receive them.
   3. Payments through the Faster Payments Service will be treated as cleared on the day we receive them and will normally be updated to the account on the same day, but no later than the next working day, (e.g. when customers transfer funds later in the day).
   4. Payments by debit card (where this method is available to you) will be treated as cleared on the third working day following the day we receive them.

   Cheque Clearance Timescales

   The Customer Promise was introduced in November 2007 by APACS setting maximum cheque clearance timescales for deposits into current and savings accounts. The promise provides clarity as to when;

   • interest is earned
   • withdrawals are allowed, and
   • bounced cheques cannot be reclaimed from an account without the customer's consent (unless the payee is a knowing party to fraud).

   The cheque clearance timescales, applicable to BBS savings accounts, are as follows:

   Day cheque paid in	Start earning interest	First day withdrawals are allowed	Day you can be sure the money is yours
   Monday	Wednesday	Following Monday	Following Wednesday
   Tuesday	Thursday	Following Tuesday	Following Thursday
   Wednesday	Friday	Following Wednesday	Following Friday
   Thursday	Monday	Following Thursday	Following Saturday
   Friday	Tuesday	Following Friday	Following Tuesday
   Saturday	Wednesday	Following Monday	Following Wednesday

   Please note: cheques paid in on non-working days will be treated as received on the next working day (working days exclude Saturdays, Sundays and Bank Holidays).

   Clearance Matrix

   Day 0	Cheque paid in
   Day 2	Start earning interest
   Day 5	First day withdrawals can be made against the cheque deposit (even though the cheque could still bounce)
   End of Day 6	Funds cannot be reclaimed from the customers account without their consent (unless the payee is a knowing party to fraud)

2. We will not regard a cheque drawn on a bank with an address outside the UK as cleared until we have received the cleared funds for your credit. This means that you may not be able to withdraw against such a cheque for a period, which is longer than in (a) above and which may be up to 25 working days from the date or receipt of the cheque.
3. We can restrict at any time the amount which can be withdrawn from an account if:
   1. We reasonably believe that there may be fraud or some other unlawful activity affecting the account;
   2. We are required to do so by law, our regulator or order of the court;
   3. There is a dispute (which we reasonably believe may be genuine) about the ownership of or entitlement to, the money in the account;
   4. Circumstances beyond our reasonable control prevent us from offering a normal service (such as an act or threat of terrorism, computer failure or industrial action);
   5. Circumstances exist which lead us reasonably to believe our financial stability may be at risk (such as actual or potential abnormal levels or withdrawals)

      In the case of (iv) and (v) above

      • We will respond proportionately to the circumstances in question;
      • We will take all reasonable steps to ensure that the restrictions are lifted as soon as practicable so that the inconvenience to you is minimised;
      • We will take in to account the interests of our membership as a whole;
      • We will, if practicable, give advance notice; and
      • We may consider exceptions to the restrictions if we are reasonably satisfied that substantial hardship would otherwise be caused
        
4. If a cheque is returned unpaid before the end of the sixth working day following the day of receipt, interest will be adjusted. We will debit your account with the amount of the cheque even if we have allowed withdrawals against it. A cheque that has been returned unpaid will not be debited to your account after the sixth working day following day of receipt, without your consent or where we reasonable believe the payee is a knowing party to fraud
5. We can only stop a cheque if you report it lost or stolen. If you request a replacement cheque it will be issued with exactly the same details as the original cheque. If you want to cancel a cheque made payable to someone else and you do not want a replacement, you must provide us with the cheque itself or the written consent of that person.
6. Funds withdrawn earn interest up to but not including, the day of withdrawal
7. Transfers to an account with another bank or building society can take up to 5 working days
8. Transfers to another account with the society will normally be credited the next working day
9. All payments into and withdrawals from your account must be in sterling.

5. Joint Accounts

1. All terms apply to all of you together and each of you on your own.
2. Each of you can be held fully responsible for any liability that you may have.
3. Because the law relating to Building Societies requires this, whichever of you is the first named in our records is called the 'representative joint shareholder' for the purpose of membership. Information about membership can be found in the Yorkshire Building Society leaflet entitled, 'Your Society' available in all Barnsley branches.
4. We will accept instructions from, or rely on the signature of, any one of you for all purposes relating to the account. This includes withdrawals, changes to the account, such as your address or closure of the account. This term applies:
   1. Unless agreed otherwise at the time the account is opened, or
   2. Until we are told otherwise by any one of you, or
   3. Unless the provisions of paragraph 5(e) apply.

      In the case of d) i) or ii) the authority or signature of all of you will be required.

5. This paragraph applies if we become aware of a dispute between you (e.g. in the event of a relationship breakdown); from that time:
   
   1. We may require the authority or the signatures of all of you for any further transactions on the account, including withdrawals, any standing order or direct debit payments and closure, and
   2. Interest will be credited to the account when it is paid by us, overriding any earlier instructions we may have received.
6. if one of you dies:
   1. The survivor(s) should tell us of the death and provide us with proof of death;
   2. We will then change the account so that it can be operated by the survivor(s)
   3. The survivor(s) own(s) the account and only the survivor(s) is/are able to operate it.
7. Further information about joint accounts can be found in the leaflet 'you and your joint account' available on request.

6. Changes to these Terms

1. We can change these general terms and any Product Terms at any time (other than charges which can be changed under term 9) at any time. Changes may include the removal of or any amendment to the terms or the inclusion of new terms and may be made if we reasonably believe that the change is needed for any one or more of the following reasons (which may relate to circumstances existing at the time or which we reasonably expect to apply in the near future):
   1. to take account of changes in our products or services we provide or the way we provide them;
   2. to enable us to operate and administer your account more efficiently (which includes improving our efficiency such as by taking in to account developments in technology);
   3. to give extra benefit to savers (including making the terms of accounts easier for you to understand);
   4. to correct mistakes if it is reasonable to do so;
   5. To take account of changes in general building society and banking practice if it is reasonable to do so;
   6. to take account of, in a proportionate manner, changes in the law or the interpretation of the law, decisions or recommendations of an ombudsman, regulator or similar person, or any code of practice applicable to the conduct of our business;
   7. If you agree;
   8. if the change is to your advantage;
   9. to enable us to manage our business (and its growth) prudently.
2. We will notify you of any such changes (other than in respect of interest rates or charges) as follows
   1. Where we wish to make a change that is to your disadvantage we will tell you about it at least 30 days before we make the change by email. You may switch your account to another of our accounts or close it at any time if you have an account with interest access, or within 60 days of the date of such a notice without giving notice or paying any additional charges or additional interest for doing so;
   2. Where we wish to make any other change, we may make the change immediately and tell you about it within 30 days by email
3. If there have been significant changes in any one year, we will give or send you a copy of the new terms or a summary of the changes.

7. Interest of Other Persons

We do not have to recognise the interest or claim of any person other than the account holder in respect of money held in the account, nor will we be liable in any way for failing to recognise such interest or claim, except as required by law.

8. Right to Close the Account

1. Subject to general term 4 and to the product terms of your account, you can close the account at any time without giving any reason and without notice or charge.
2. We can repay to you any part of your savings at any time and without giving any reason. Under normal circumstances we will give you at least 30 days' notice. If there are exceptional circumstances, for example, fraud or other unlawful activity or threatening or abusive behaviour or you have breached any ISA regulations, we may close your account immediately, whether or not the account is for a fixed term.
3. For fixed term accounts only and where there are no exceptional circumstances, we will not use our right of giving you 30 days notice solely to repay a fixed term investment before the end of the fixed term.

9. Charges

1. We may make charges for opening and administering your account and for services provided in connection with it and deduct those charges from the balance in your account. We will tell you about a charge, which affects a particular product or service, before we provide you with the product or service, before you use it or at any other time you ask. For full details of charges on our accounts ask at any of our branches.
2. We can change the charges we make and introduce new charges at any time if it is to your advantage (for example to reduce or remove a charge) or if we reasonably believe that this is necessary for any one or more of the following reasons (which may relate to circumstances existing at the time or which we reasonably expect to apply in the near future):
   1. to take account of, in a proportionate manner, changes in the expenses we reasonably incur (including our reasonable management and administrative costs) in respect of the particular product or service provided to you;
   2. to take account of, in a proportionate manner, changes in technology or general practice in the consumer savings industry;
   3. to take account of, in a proportionate manner, changes we may reasonably make in the products and services we provide or the activities we carry out;
   4. to take account of, in a proportionate manner, changes in the law or the interpretation of the law, decisions or recommendations of an ombudsman, regulator or similar person, or any code of practice applicable to the conduct of our business;
   5. to enable us to harmonise, in a reasonable manner, the charges being paid by our savers following any acquisition or transfer of deposit or savings accounts or any take over of, or merger with, another savings provider;
   6. to take account of, in a proportionate manner, inflation;
   7. to correct mistakes if it is reasonable to do so;
   8. to enable us to manage our business (and its growth) prudently.
3. Where we introduce new charges, or increase existing charges for any of the reasons mentioned in 9b), we will tell you about the change (unless it relates to a non-standard charge which we will tell you about on request) not less than 30 days before it takes effect by email.
4. A change that abolishes a charge or reduces the amount of an existing charge may be introduced with immediate effect and without notice.

10. Unclaimed Balances

If you cannot be traced after a reasonable enquiry, and either:

1. For a period of 3 years you have made no payment to or withdrawal from your account and the amount in that account is less than £100, or
2. For a period of 5 years you have made no payment to or withdrawal from your account;

we may decide to close that account and the money in it will be retained by us. If, however, you contact us at a later date we will either open a new account for you and credit that account with the amount of money in the closed account or repay the money to you, with interest, at a rate we reasonably consider to be appropriate.

11. Our Rights Over Your Money

We may use the money in any account you have with us to pay any money you owe us (whether under a loan, guarantee or otherwise) which is due for payment but which has not been paid. We will tell you if we do this. No interest will be earned on any money used in this way.

12. Service of Notices

1. As we will advise you of changes to the Online Bond terms by e-mail, it is very important that you notify us if your e-mail address changes. We will assume that you have received any personal notification by e-mail 24 hours after sending it to you. If you do not receive the notification, this will not make it invalid.
2. If you wish to change details that we hold, for example your name, address, e-mail address or the account to which withdrawals are made, we will require such changes to be notified in writing.

13. Statements

We will not send statements to you. You will be able to access your account online and view statements at any time, which will include details of interest paid.

14. Interest

Interest is calculated on a daily basis starting on the second working day following the day of receipt for cheques or deposits by debit card and on the day of receipt for cash or automated payments through BACS and up to, but not including, the day of withdrawal. Cheques paid in on a non-working day are treated as received on the next working day (working days exclude Saturdays, Sundays and Bank Holidays). In the case of a cheque drawn on a bank with an address outside the UK interest will start on the day the cleared funds are credited to your account.

15. Tax

1. If you are entitled to receive interest without tax deducted you should read the R85 help sheet and then proceed to fill in an HM Revenue & Customs registration form R85 and send it to us. We will then be able to pay your interest gross.
2. All savers should declare interest earned when making a tax return. It is your responsibility, not ours, to make this declaration.

16. Recording of Telephone Conversations

To improve the quality of our service, all communications with us may be recorded for staff training and your protection and security.

17. Death of Sole Account Holder

If the Online Saver account is in a sole name and the account holder dies, once we receive formal written notification of the death the administration of the account will be dealt with in writing in order that it may be operated by the personal representatives of the account holder.

18. Governing Law

These terms are governed by the laws of the country in the United Kingdom (i.e. England and Wales, Scotland or Northern Ireland) where you opened the account.