1 Year Fixed Rate

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 money. You can make as many payments as you like during this time, from £1 up to the £120,000 limit, and payments you make will start earning interest on the next working day.

You can add money via manual bank transfer from your linked bank account, and you can find your account number and sort code in the app by heading to Wealth > 1 Year Fixed Rate > Add money. Manual bank transfers must be received by 23:59 on the ‘Fund by’ date, which you can see in the app in Wealth > 1 Year Fixed Rate.

Please note that once money has been paid into your 1 Year Fixed Rate, it isn’t possible to withdraw it until the end of the product’s term.

If you don’t successfully pay into your 1 Year Fixed Rate by the end of the ‘Fund by’ date shown in the app, the product will automatically close.

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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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