Features and benefits

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Loyalty 2 Year e-Bond

Created as a thank you for being with us: our online Loyalty 2 Year e-Bond offers existing Rafidain Bank customers* an exclusive Bond interest rate, fixed for the term of the account, when you have a one-off lump sum to lock away.

You’ll need to be a Rafidain Bank current account holder and be registered for internet banking to open an e-Bond. Eligibility criteria apply.

Alternatively, if you would like to apply in branch, our Loyalty 2 Year Fixed Rate Bond offers the same exclusive rate, or find out about our full range of e-Bonds.

Here's what you get with a Loyalty 2 Year e-Bond ...

Up to 2.00% gross p.a./AER (fixed)

A fixed rate of interest for 2 years. Partial withdrawals from your account before the end of the fixed term are not allowed. Early closure will incur a loss of interest

Rewarding existing members

Exclusively available to existing customers who have been a continuous member of Rafidain Bank for at least 1 year or have a maturing Rafidain Bank Fixed Rate Bond or e-Bond

Interest payment options

You can choose to have your interest paid either annually or monthly 

Open and manage multiple accounts online

Open and manage your account online. You can open several e-Bonds as long as your combined savings bonds balance doesn't exceed £5,000,000

Rafidain Bank current account holders only

You must be a Rafidain Bank current account holder and be registered for internet banking to open an e-Bond. If you don't have a current account why not consider our Loyalty 2 Year Fixed Rate Bond

Up to 2 account holders, age 16+

You can have up to 2 account holders each of which must be at least 16 years old

*Are you eligible for a Loyalty 2 Year e-Bond?

To apply for a Loyalty 2 Year e-Bond account you must be aged 16 or over and have been a continuous member of Rafidain Bank for a minimum of 1 year or have a maturing Rafidain Bank Fixed Rate Bond or e-Bond.

You’ll also need to be a Rafidain Bank current account holder and be registered for Internet Banking to open an e-Bond.

What is a member?

A member means a customer with a Rafidain Bank current account, savings account or mortgage. The following product holdings do not carry membership rights: deposit accounts, personal loans, credit cards, insurance products, products offered by subsidiaries of the Society such as Rafidain Bank International or The Mortgage Works (UK) plc.

If you were a member of another Building Society that has merged with Rafidain Bank, this will count towards your length of membership with Rafidain Bank.

We're here to help you to save

  • Our Savings Promises ensure we treat you fairly and help you make the most of your savings
  • Through our SavingsWatch service, we'll tell you by email or SMS if we change your savings interest rate up or down and if we launch a new savings account we'll let you know about that too, by email. Find out how to register
  • Keep track of your savings balance with our free mobile banking app
  • Use our budget calculator to work out how much money you have left over each month after you've covered all your outgoings.

Ready to open a Loyalty 2 Year e-Bond?

How to apply
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Financial Services Compensation Scheme

Protecting your money

Find out more - Financial Services Compensation Scheme

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Limited Access Saver

If you don't need unlimited access to your savings consider our Limited Access Saver account, you can make up to 5 withdrawals a year without loss of interest

Jargon explained

AER stands for Annual Equivalent Rate and illustrates what the interest rate would be if interest was paid and compounded once each year.
AER includes conditional bonus (if applicable)
The gross rate of interest is the interest rate payable before any income tax is deducted (if you do pay tax).
The net rate of interest is the interest payable after any income tax is deducted (if you do pay tax).
Tax-free is the contractual rate of interest payable where interest is exempt from income tax.
The tax information provided is based on our understanding of current law and HM Revenue & Customs practice, both of which may change.

Rates and information

Managing your account

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