Fixed Rate Deposit Account

With the Fixed Rate Deposit Account you get a guaranteed and competitive rate of interest on your savings.

You decide how long you want to tie your money up for and get a rate to match.

The rate is fixed at the start - so you’ll know exactly how much money your investment will earn. 

Even if other interest rates fall, your savings will continue to earn the same competitive interest rate.

You can apply for this account online. If you have any problems doing so, contact our helpdesk by email or telephone and we'll help you to fill out the form.

Before completing the application form it is important that you read the terms and conditions below.

Apply online

• Available online only with our free Internet Banking service
• A choice of a fixed interest rate for 3 or 5 years
  A minimum opening deposit of £1,000 or the maximum is £250,000)
• No additional funds can be added to the account except by re-investing the interest; but you can open more than one account (subject to availability and up to a maximum of £1,000,000)
• Your interest is paid annually after close of business on the first day of the month after your account is opened, and on that day every year until it matures. The interest will be credited to the account, but upon request you can transfer it to another account at no extra charge
• You can take some of the capital out before the fixed term finishes but if you do there’s an interest penalty charge. For more about this read the full terms & conditions
• Upon maturity, the account will become an access account with a variable interest rate. We will advise you of the terms of the account, the interest rate applicable, and other investment options, prior to maturity
• You must be over 18 and live in the UK to open an Fixed Rate Deposit Account
• You can open an account on your own, with a partner, or by power of attorney. An account can be opened by up to 2 people

Consider it if...

• You want a guaranteed fixed interest rate
• You want to invest your savings for either 3 or 5 years
• You don’t need access to your money for the term of the account