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Fixed Term Savings Account

 
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  1. Fixed Term Savings Account Lloyds
  2. Fixed Rate Deposit Accounts
  3. Best Short Term Savings Account
  4. Fixed Term Savings Account Capitec
  • What is a Fixed Term Savings account? With a Fixed Term Savings account, everything is ‘fixed’ – you commit your money for a fixed period of time and get a fixed rate of interest. With the Zopa Fixed.
  • CDs are also known as Time Accounts because of the fixed term. My Savings Plan ®. The online tool My Savings Plan ® for Wells Fargo savings customers helps you plan, monitor, and save to reach your.
  • Lock your money away for a fixed period and get a really competitive interest rate. The JN Bank Fixed Term Savings Accounts. Competitive rates of interest up to 0.80% AER fixed. Fixed Rate term deposits, from 1 to 5 years. Minimum opening balance for 1 year term.

Fixed Term Savings Account Lloyds

Rest assured that your rate will remain the same, even if interest rates change.

View our fixed rate accounts

The money is locked away in the savings account for the whole of the term. The interest rate depends on the amount you deposit and the length of the term. As the rate is fixed in advance, you know exactly.

Know exactly how much interest you'll earn

The longer you can put your money away for, usually the better your interest rate will be.

Our Fixed Rate accounts pay a fixed rate of interest for a set period of time (usually one to five years), making them ideal for lump sum deposits. In our range we offer Fixed Rate Cash ISAs, Fixed Rate Bonds and a Regular E-Saver account.

What's the difference?

If you're happy putting your money away for at least a year for a definite return, you can save tax-free up to your annual ISA allowance, currently £20,000, with our Fixed Rate Cash ISAs. You're able to access your money during the fixed rate period subject to a charge equivalent to a loss of interest.

If you've already taken advantage of your annual ISA allowance, or simply prefer to opt for a Fixed Rate Bond, this range similarly offers a definite return on your savings.

Want something fixed yet flexible? Our Regular E-Saver offers a fixed rate of interest whilst letting you save monthly (up to £250) and withdraw from your account whenever you like.

Frequently asked questions

Fixed Rate Deposit Accounts

Paying interest on the tax earned depends upon the type of account you have and your Personal Savings Allowance.

For general savings, basic rate tax payers won’t pay tax on the first £1,000 of interest they earn. The allowance is £500 for higher rate tax payers, and additional rate taxpayers won’t receive an allowance. With a Cash ISA you can save tax-free up to your annual ISA allowance, currently £20,000. The tax year runs from 6 April to 5 April the following year.

Find out more about Personal Savings Allowance.

The minimum amount required to open an account is £1.

Before your fixed rate period ends, we’ll contact you to let you know what your options are. You will then be able to tell us what you’d like to do when the account matures. If you decide to not do anything, your account will become a Variable Rate account.

Remember, if you open a Fixed Rate Bond or Cash ISA online, we'll ask you to sign in to our Online Service before maturity to tell us what you'd like to do. If you're a Regular Saver customer, you don't need to do anything, your account will become a variable rate account on maturity.

Find a fixed rate savings account

View and compare our Fixed Rate Savings accounts now.

View our fixed rate accounts

Prefer to talk to us?

Book a Store appointment

Come into one of our Stores and talk to us about our accounts.

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Get in touch

Call us to discuss our range of accounts on

0345 600 4466

We're here from 8am to 6pm Monday to Friday, 8am to 2pm Saturdays and 10am to 1pm Sundays.

Call charges and information
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03 numbersSame as calls to 01 or 02 numbers and they are included in inclusive minutes and discount schemes in the same way.
084 numbersMaximum of 7p per minute, plus your phone company's access charge.
087 numbersMaximum of 13p per minute, plus your phone company's access charge.
0800 numbersFree from UK landlines and personal mobile phones.

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Lock your money away for a fixed period and get a really competitive interest rate.
Lock your money away for a fixed period and get a really competitive interest rate.
  • Competitive rates of interest up to 0.80% AER fixed
  • Minimum opening balance for 2, 3, 4 and 5 year terms: £1,000
  • View your savings account online whenever you want
  • Maximum 2 deposits: £250,000 total during first 14 days
  • Customer limit of £250,000 (can be spread across multiple Savings Accounts)
Apply now to take advantage of our savings accounts and personal loan.
Interest rateTermDepositWithdrawalsAccount servicingInterest
0.55% gross AERⱡ fixed1 Year£100* minimum, maximum £250,000NoneOnlineCalculated daily, paid annually
0.65% gross AERⱡ fixed2 Year£1,000** minimum, maximum £250,000NoneOnlineCalculated daily, paid annually
0.70% gross AERⱡ fixed3 Year£1,000** minimum, maximum £250,000NoneOnlineCalculated daily, paid annually
0.75% gross AERⱡ fixed4 Year£1,000** minimum, maximum £250,000NoneOnlineCalculated daily, paid annually
0.80% gross AERⱡ fixed5 Year£1,000** minimum, maximum £250,000NoneOnlineCalculated daily, paid annually
Interest rateTermDeposit
0.55% gross AERⱡ fixed1 Year£100* minimum, maximum £250,000
0.65% gross AERⱡ fixed2 Year£1,000** minimum, maximum £250,000
0.70% gross AERⱡ fixed3 Year£1,000** minimum, maximum £250,000
0.75% gross AERⱡ fixed4 Year£1,000** minimum, maximum £250,000
0.80% gross AERⱡ fixed5 Year£1,000** minimum, maximum £250,000
None
Online
Calculated daily, paid annually
You can apply for a JN Bank Fixed Term Savings account if you:
• Are over the age of 18
• Have a UK mobile phone number and an email address
• Have a UK bank account from / to which you can make transfers
• Transfer at least £100 within 14 days of opening a 1 Year Term, or £1,000 within 14 days of opening a 2, 3, 4, 5 Year Term
Fixed Term Savings Account
Please note: interest is paid annually; there is no early withdrawal entitlement; the account must be opened in sole name only;
* You can only make two deposits of at least £100; which must be within 14 days, otherwise it will be automatically closed.
Fixed
** You can only make two deposits of at least £1,000; which must be within 14 days, otherwise it will be automatically closed.

Best Short Term Savings Account

ⱡ Interest rates are correct at the time of publication but may change in the future.
Summary Box

Fixed Term Savings Account Capitec

What is the interest rate?

Term

Minimum / Maximum Balance

AER / Gross p.a.

1 year

£100 - £250,000

0.55%

2 years

£1,000 - £250,000

0.65%

3 years

£1,000 - £250,000

0.70%

4 years

£1,000 - £250,000

0.75%

5 years

£1,000 - £250,000

0.80%

  • Interest is calculated daily and paid on the anniversary of the initial deposit, to your JN Bank Fixed Term Savings Account.
  • You can check the interest rate applicable to your account on any day by logging into internet banking.
  • AER stands for Annual Equivalent Rate and illustrates what the interest rate would be if paid and compounded once each year. Gross interest is the interest rate paid without the deduction of income tax.

Can JN Bank change the interest rate?

Rates are fixed until the maturity date. For further information please refer to clause 4 of our JN Bank Fixed Term Savings Account Specific Terms and Conditions.

What would the estimated balance be on the following:

Term

Based on an Initial Deposit of

Projected Return

1 year

£1,000

£1,005.50

2 years

£1,000

£1,013.04

3 years

£1,000

£1,021.15

4 years

£1,000

£1,030.34

5 years

£1,000

£1,040.65

Please remember that any interest earned on your account is paid annually to your JN Bank Fixed Term Savings Account. This example is provided as an illustration only and does not take into account individual customers' circumstances.

How do I open and manage my account?

  • You can open and manage your JN Bank Fixed Term Savings Account online here or by contacting Customer Services on 0808 196 1945.
  • You must be aged 18 or over and be a UK resident to open a JN Bank savings account.
  • The minimum amount you can deposit in the account is £100 or £1,000, depending on the term that you select.
  • The maximum amount that can be deposited in the account is £250,000
  • You must invest a minimum of £100 or £1,000 (depending on the term) within 14 days of account opening to ensure that your account remains open and that you benefit from the advertised rate of interest.
  • Once you have opened your account, you can make two lump sum deposits to fund your JN Bank Fixed Term Savings Account.
  • No additional deposits may be made after your initial two deposits.
  • You can deposit into your JN Bank Fixed Term Savings Account in two ways:
    • Transfer money from your nominated account; or
    • Transfer funds direct from your existing JN Bank savings account.

Can I withdraw money?

  • You will not be able to make any withdrawals from this account until the fixed rate period ends.
  • We will notify you 21 days before the fixed rate period has ended and ask you what you would like us to do with your money. You will be able to open another JN Bank savings account and have your funds deposited into this new account, or we will be able to transfer your money to your nominated account held in your name with another provider. If you do not provide us with an instruction, your funds will earn interest at the same rate as our JN Bank Easy Access Savings Account until instructions are provided.

Additional Information

  • The maximum that any customer can hold across their JN Bank Fixed Term Savings Accounts is £250,000.
  • You will not be able to close or switch your JN Bank Fixed Term Savings Account before its maturity date.
  • We will write to you 21 days prior to maturity to advise you of the options available to you.
  • Interest is paid gross.
  • If you earn more interest than the Personal Savings Allowance, you may have to pay extra tax yourself.
  • The Personal Savings Allowance is £1,000 for basic rate taxpayers and £500 for higher rate taxpayers.
  • Additional rate taxpayers don’t receive a Personal Savings Allowance.
  • You may need to pay tax on any interest that exceeds the Personal Savings Allowance. Please contact HMRC if you need more information.
  • An account with JN Bank in the UK does not confer any membership rights with the JN Group.