1 Year Fixed Rate
7 Support topics
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What is the 1 Year Fixed Rate and how does it work?
The 1 Year Fixed Rate is a savings product which offers a fixed interest rate of 4.0% AER for…
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What are my options when my 1 Year Fixed Rate matures?
When your fixed term ends, the interest you’ve earned is added to your 1 Year Fixed Rate balance, and…
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How is interest calculated for the 1 Year Fixed Rate and when is it paid?
Interest is calculated daily, based on the total balance of your 1 Year Fixed Rate, and money you add…
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How does paying in to a 1 Year Fixed Rate during the funding window work?
When you open a 1 Year Fixed Rate, you’ll have a set funding window in which you can add…
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Can I withdraw from my 1 Year Fixed Rate before the access date?
No. Payments into your 1 Year Fixed Rate can’t be reversed or withdrawn once made. The product also doesn’t…
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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…
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What does my access date mean?
The access date shown in the app is the date your 1 Year Fixed Rate balance can be accessed….
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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.