1 Year Fixed Rate

All topics Savings accounts 1 Year Fixed Rate How is interest calculated for the 1 Year Fixed Rate and when is it paid?

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 during the funding window starts earning interest the next working day after your payment is received.

Your interest rate is fixed, and you can see your daily interest in Wealth > 1 Year Fixed Rate > Earnings.

Once your 1 Year Fixed Rate reaches the end of its term, the interest you’ve earned is paid out and you can access your money on the access date shown in the app. You can find out more about what happens when your Fixed Rate matures here.

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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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