Oxbury Forest Saver 1 Year Fixed Rate Bond – Launch Issue

• Oxbury Forest Saver does not pay an interest rate
• Oxbury use an equivalent annual interest rate of 0.92% AER to fund the planting of Woodland Carbon Code compliant trees in accredited UK sites to offset carbon dioxide emissions and enhance biodiversity
• A £12,000 deposit would offset an individual’s average carbon emissions as per the WWF calculator for 1 year

NO. This account has a fixed rate of interest, so the rate won’t change during the term.

Below is an example of what the future balance might be for an account balance of £1,000 with interest paid annually. We have also shown the estimated balance for other deposit amounts, as well as the amount of carbon you can mitigate.

The estimated balance projections assume that:

• The account is opened with the amount stated and interest starts being earned straight away
• No further deposits or any withdrawals are made
• The accrued interest is paid out at maturity

• To open this account you will need to apply from a desktop, laptop or tablet device. You will then need a smartphone to use the Oxbury App to authenticate the access to your Oxbury Online Banking
• Accounts can be opened on an individual basis
• You can open this account with a minimum deposit of £250.00 and a maximum of £85,000. This is the maximum amount that can be held in the account
• You will have 14 days from the account being opened to fund your account, after this period of time no further deposits will be accepted
• If the minimum account balance of £250.00 has not been reached during this 14 day period the account will be automatically closed and any funds returned to your Linked Account
• You will need your current account sort code and account number to open your new savings account, this will become your Linked Account. We can only accept funds into your Oxbury account from your Linked Account
• The fixed term starts from the date of receipt of your first deposit

No. You cannot make withdrawals from a Fixed Rate Bond before the end of the fixed term. We will contact you at least 30 days before your account matures to explain your options and next steps.

At maturity you can either give us an instruction to open a new account with Oxbury or give us an instruction to return your money to your Linked Account.

In the event we do not receive any instructions from you we will convert your fixed terms savings account to an Easy Access Account and send you an updated Product Summary and details on how to access your savings.

AER stands for Annual Equivalent Rate and illustrates the interest rate if it was paid and compounded once each year.

Accounts can be withdrawn from sale to new customers at any time and without notice.

We pay all savings interest gross, which means no tax is deducted.