1 Year Fixed Rate

All topics Savings accounts 1 Year Fixed Rate Can I have multiple 1 Year Fixed Rates?

Can I have multiple 1 Year Fixed Rates?

Yes, you can open multiple 1 Year Fixed Rates. However, you can only open one per funding window. If a new 1 Year Fixed Rate is available after your existing product’s funding window ends, you can open one via the Moneybox app in Wealth > More accounts & services > Explore all.

Each 1 Year Fixed Rate you open will show in the app as a separate product with its own access date, and the maximum you can pay in across any you have open is £120,000.

Please note our 1 Year Fixed Rate is currently only available to existing customers.

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It's important you know

Capital at risk. All investing should be for the longer term. The value of your investments can go up and down, and you may get back less than you invest. Tax treatment depends on individual circumstances and may be subject to change in the future.

A 25% government penalty applies if you withdraw money from a Lifetime ISA for any reason other than buying your first home (up to £450,000) or for retirement, and you may get back less than you paid into your Lifetime ISA.

Your home may be repossessed if you do not keep up repayments on your mortgage.

Payments you make into your pension won’t be accessible until the minimum pension age (currently 55, increasing to age 57 from 2028). Tax treatment depends on individual circumstances and may be subject to change in the future.

For Business Saver: T&Cs apply. Max one withdrawal per day.

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