Certain, simple and safe
Set aside a lump sum for one year and earn 4.00% AER*. You must save at least £35,000 in this account throughout the entire term and you can save up to £640,000 in total. Remember, your money is locked away for the one-year term, so you won’t be able to access it during this period. Your savings are protected by the Financial Service Compensation Scheme up to £85,000 per fixed term account.
This example shows what will happen to your deposit, based on the one year fixed term.
|Deposit||Balance after one year||Interest earned||AER*|
*AER stands for Annual Equivalent Rate and shows you what the interest rate would be if interest was paid after one year. This will enable you to compare more easily the return you can expect from your savings over time.
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