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Fixed rate savings accounts allow you to put your money away, usually for one year or more, knowing your interest rate won't change over that time. They’re perfect for people with long-term savings goals who want to pay in a lump sum of money and leave it in their account.
See our fixed rate savings accounts
We’ve a range of fixed rate savings accounts which, if you’re looking to put some money aside and not touch it for a while, might be what you're after. If you want to top up your monthly income, some of our accounts pay you interest every month.
| Minimum to open | Annual Interest Rate | Bonus | Withdrawal Conditions | Account Access | ||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 Year Fixed Rate ISA | £1 |
4.05% AER 4.05% Tax-Free i
|
No | You can take your money out but there will be a charge of 90 days’ loss of interest. |
In branch Once opened, you can manage this account in branch. Use our branch finder to find your nearest branch. Online For WeBSave accounts – once opened you can manage this account online via our WeBSave login. For all other accounts – once opened you can view this account online via our savings portal. |
1 Year Fixed Rate ISA | ||||||||||||||||
| 2 Year Fixed Rate ISA | £1 |
4.05% AER 4.05% Tax-Free i
|
No | You can take your money out but there will be a charge of 150 days’ loss of interest. |
In branch Once opened, you can manage this account in branch. Use our branch finder to find your nearest branch. Online For WeBSave accounts – once opened you can manage this account online via our WeBSave login. For all other accounts – once opened you can view this account online via our savings portal. |
2 Year Fixed Rate ISA | ||||||||||||||||
| 1 Year Fixed Rate Bond | £1000 |
4.05% AER 4.05% Gross i
|
No | You can't take your money out during the fixed term. |
In branch Once opened, you can manage this account in branch. Use our branch finder to find your nearest branch. Online For WeBSave accounts – once opened you can manage this account online via our WeBSave login. For all other accounts – once opened you can view this account online via our savings portal. |
1 Year Fixed Rate Bond | ||||||||||||||||
| 2 Year Fixed Rate Bond | £1000 |
4.05% AER 4.05% Gross i
|
No | You can't take your money out during the fixed term. |
In branch Once opened, you can manage this account in branch. Use our branch finder to find your nearest branch. Online For WeBSave accounts – once opened you can manage this account online via our WeBSave login. For all other accounts – once opened you can view this account online via our savings portal. |
2 Year Fixed Rate Bond | ||||||||||||||||
Important information
Gross is the rate of interest payable without tax taken off.
AER stands for Annual Equivalent Rate and shows what the interest rate would be if interest was paid and added each year.
Tax-free means you will not pay income tax on the interest you earn.
ISAs are a savings scheme set up by the Government and they can change the rules at any time.
Your eligible deposits are protected up to a total of £120,000 by the Financial Services Compensation Scheme, the UK's deposit protection scheme.
A fixed rate savings account is a type of savings account where the interest rate stays the same for a set time. It means locking your money away and not touching it during that time, so you’ll know exactly how much your savings will grow by.
With a fixed rate savings account, you typically pay in a lump sum at the start and leave it untouched for the agreed term. This is often between one and five years.
Most fixed rate savings accounts require a minimum deposit to open the account, and you’re usually only allowed to pay in once.
Many fixed rate accounts only allow you to add money for a short amount of time once the account is open. You should check the details of an account before you apply for it, so you know exactly when and how often you can deposit your savings.
With a fixed rate savings account, you can usually choose to have your interest paid yearly or monthly. But it’s always worth checking the details of an account before you apply for it.
Usually with fixed rate accounts, you can’t withdraw any money until the fixed term ends. There are exceptions where you may be able to, but there’s often a charge that comes with it. Before opening a fixed rate account, check the product terms and conditions.
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