Fixed Rate Saver

Save with a fixed rate saving account and enjoy certainty

Your interest rate and date when the Fixed Rate Saver matures are fixed at outset and won't change.

Saving with us doesn’t just make you better off – it helps other local people have better finances too.

· Start saving from £1,000 to £80,000

· Fixed  rate savings with AER/gross interest of 4.75% payable on maturity date

Things to consider before taking out a fixed-rate savings account. 

Once the Fixed Rate Saver starts, you cannot access your money until the maturity date.

The rate shown is a gross rate which means we won't deduct tax. It is your responsibility to pay any tax you owe to the HMRC.

Keep in mind, your initial deposit must be at least £1,000 and you’ll need to hold the minimum balance of £1,000 at the close date to qualify for the Fixed Rate Saver. If you no longer want a fixed rate savings account, you must get in touch before the close date (7 March, 2025) to withdraw your money and close it.

What would the estimated balance of a fixed rate savings account be at the maturity date based on a £1,000 deposit?

▪ Fixed rate accounts will add gross interest at the maturity date at the rate of 4.75% AER.
▪ This means that if you deposited £1,000 on the close date the estimated balance at the maturity date would be £1,047.50.
▪ If you deposited £1,000 on the open date the estimated balance at the maturity date would be £1,051.50.

Please read the full fixed rate saver terms and conditions here