Our Guaranteed Investment Bonds
Secure your financial future with our 2, 3, and 5-year Guaranteed Investment Bonds. Enjoy peace of mind with fixed returns and a range of terms tailored to your goals.
Why choose Unity Mutual’s Guaranteed Investment Bonds
Secure, guaranteed returns
Grow your savings with confidence through our Guaranteed Investment Bonds.
Fixed rates across terms
Choose the bond term that best suits your financial goals.
Dedicated customer support
Friendly guidance is here whenever you need it to help you along your investment journey.
Who is a Guaranteed Investment Bond suitable for?
A Guaranteed Investment Bond could be a suitable choice for people who want a secure, predictable return on their savings. Locking in money for a fixed term means savers can benefit from a guaranteed interest rate, protecting their savings from market fluctuations.
These bonds may be suitable for:
- Savers who prefer certainty over variable returns.
- Individuals who won’t need access to their funds during the bond term.
- Those looking to plan for medium or long-term financial goals with a fixed income.
However, it may not be suitable for people who anticipate needing quick access to their savings, as Guaranteed Investment Bonds won't offer the flexibility needed. It's important for savers to consider their cash flow requirements carefully before committing to a term.
Open your Guaranteed Investment Bond
Step 1: Choose your bond
Select the bond term that suits your savings goals.
Step 2: Complete your online application
Click ‘apply now’ to fill out your details on our online form.
Step 3: Send your deposit
During the application process we'll provide you with the bank details to send your deposit to, or alternatively, you can send a cheque.
Step 4: Wait for your documents
Once we've received the deposit, we will open your Guaranteed Investment Bond and send your welcome pack and 'Certificate of Investment' out in the post.
FAQs
The Unity Mutual Guaranteed Investment Bond is a savings product where you invest a set amount for a fixed term and receive a guaranteed interest rate over that period.
You choose your bond term, between 2, 3, and 5-years, and deposit your savings. The interest rate is fixed for the full term, so you know exactly how much your savings will grow.
The product is designed to run until maturity. However, Unity Mutual understands things can change, and as such, unlike with some other products, we will allow you to withdraw your investment with a reduced return.
Yes, Unity Mutual’s Guaranteed Investment Bonds are 100% covered by the UK Financial Services Compensation Scheme (FSCS) with no upper limit.
The growth on your investment is added to your investment after the fixed term is completed. On opening your Guaranteed Investment Bond, you will be issued with a ‘Certificate of Investment’. This serves as proof of your investment and will include details, including investment amount, interest rate and maturity date. This can be useful for your tax reporting and financial planning. Please contact our customer service if you need a new copy.
There are no direct account or management fees on our fixed-rate bonds, however if you withdraw before the end of your fixed term, an early withdrawal interest penalty will apply. The capital (original investment) would not be reduced, but you would receive less interest than the agreed fixed rate.
Yes, the interest rates on Unity Mutual’s bonds are fixed, meaning they pay the same rate over the duration of the bond.
Here are the terms and conditions for a Unity Mutual Guaranteed Investment Bond.
- 2-Year Guaranteed Investment Bond Terms and Conditions, go to our 2-Year Guaranteed Investment Bond to learn more.
- 3-Year Guaranteed Investment Bond Terms and Conditions, go to our 3-Year Guaranteed Investment Bond to learn more.
- 5-Year Guaranteed Investment Bond Terms and Conditions, go to our 5-Year Guaranteed Investment Bond to learn more.
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Send us an email at insure@unitymutual.co.uk
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