HomeSavings and investmentsSavingsFixed Rate Savings

Fixed Rate Savings

Lock away a lump sum for one year

Lock a fixed lump sum away for a fixed term of one year at a fixed rate and you'll receive between 0.65% AER/Gross and 0.75% AER/Gross depending on how much you save. Deposit matures on 27 December 2019.

  • save a one-off lump sum between £2,000 and £1 million
  • fixed interest rates depending on your deposit
  • know exactly how much interest you'll earn over the fixed term
  • you can have more than one Fixed Rate Savings account per person. New bonds are released every month and interest rates may vary between them
  • no partial withdrawals allowed, and no additional deposits
  • you'll be charged £100 if you take your money out before the end of the fixed term and depending on when you do this, you could get back less than originally paid in.

AER stands for Annual Equivalent Rate. This shows you what the rate would be if interest were paid and compounded each year.

Gross is the rate of interest if interest were paid and not compounded each year.

How to open a Fixed Rate Savings Account

Existing customers

Log on to Online Banking, select 'Apply' and choose 'Fixed Rate Savings' from the left hand menu.

Log on to Online Banking

If you would prefer to speak to us, please call us on:

03 456 100 100

New to first direct

Sorry - our Fixed Rate Savings Bond is only available to first direct Current Account customers (you're more than welcome to join us...)

More about our current account

You can also talk to us anytime on:

03 456 00 24 24

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Offset your savings

You can use a lump sum to reduce the interest on an Offset Mortgage, and you could save more money than the interest you'd earn in a savings account.

Your home may be repossessed if you do not keep up repayments on your mortgage.

Learn about our Offset Mortgage

Contact us

Let's talk about savings

Any time, day or night - there's always a real person on hand to help.

New to first direct?

03 456 00 24 24

Existing customer

03 456 100 100