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Whether you’re a worst-case-scenario worrier or you’ve got a goal in mind, the right savings account can make all the difference.
Save today, earn more tomorrow.
Have the peace of mind that your money is ready when you are.
Looking for a great way to grow your savings with confidence? When you open a Fixed Term Savings Account, you lock away your money for a set period—usually between one to five years—and in return, you earn a fixed interest rate. That means no surprises or changes, even if market rates fluctuate. It’s perfect for anyone who wants a stable and predictable way to save, and it can help you stay disciplined since the funds are inaccessible until the term ends. Plus, knowing exactly how much you’ll earn makes it easier to plan for future goals.
With our Fixed Term Deposit Savings Accounts, watch your money grow the longer you leave it.
Rest easy knowing how much interest you’ll be making over the course of your deposit
Lock in a higher interest rate than our regular savings accounts
Keeping the money tucked away makes it easier to stay committed to long-term saving
Easy to open and manage through internet banking or our mobile app
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.
Simply click to apply and fill in the application form.
Sometimes a decision needs time but often we’ll get back to you in a flash.
Now you’re all set! Just watch your money grow knowing exactly how much interest you’ll earn.
Check your balance, earnings and withdraw money where eligible through our easy-to-use banking app. Coming soon.
Unsure how much you’ll need to save or for how long it’ll take to hit your savings targets? Try our easy-to-use Savings Calculator.
A fixed term savings account helps you grow your money with a higher interest rate, as long as you’re happy to lock it away for a set period.
Because you’re committing to leave your money untouched, the bank rewards you with a better rate. It’s a win-win for long-term savers.
From one to five years, there are a number of Fixed Term Deposits available. For those with more spare cash or with their outgoings covered, longer term deposits often offer higher interest rates.
All UK residents aged 18 years and over, who have a UK mobile phone, email address and a UK bank account are eligible. We only offer sole accounts, so for example, you won’t be able to open a joint account with a family member or friend.
For all Fixed Term Savings Accounts, interest is calculated daily, paid annually and at maturity (the date your fixed term ends) into your Fixed Term Savings Account.
Because the rate is locked in from the start, you’ll know exactly how much you’ll earn by the end—making it a reliable way to grow your savings.
Yes, you’ll receive an annual statement and tax certificate. You’ll be able to view, download or print from Internet Banking or the Mobile Banking App.
We’re a fully regulated UK bank so you can rest easy knowing that your eligible deposits are protected, up to £120,000 by the Financial Services Compensation Scheme (FSCS), the UK’s deposit guarantee scheme. You can learn more on our FSCS information page.
You’ll only be able to access the funds once your fixed-term deposit reaches maturity.
You have to fund your account 14 days from the start of the application. If you haven’t funded your account within those 14-days, we’ll close your account for you.
If you’ve funded the account but changed your mind within the 14-day cooling-off period, you have a couple of options:
Either simply go into your profile in Internet Banking or on the Mobile App and withdraw the money. Or, complete the contact us form and we’ll help move things along.
Interest is calculated daily, paid annually and at maturity (the date your fixed term ends) into your Fixed Term Savings Account.
Rates are fixed until the maturity date (maturity is the date your term ends. That’s when your interest, which has been building up daily, gets paid to you in full). For more information, please refer to clause 3 of our Fixed Term Savings Account Specific Terms and Conditions.
Please remember that any interest earned on your account is paid annually and/or at maturity to your thisbank Fixed Term Savings Account. This example is an illustration only and doesn’t take into account an individual customer’s circumstances.
We have easy-to-use tools like a mobile app and internet banking, where you can open and manage your account.
If you’ve got questions about managing your account, you can call us on 0808 196 1945 between 9am and 6pm, Monday to Friday and 9am to 12:30pm on Saturdays. You can also email us at customerservice@thisbank.co.uk.
A few things to note:
Withdrawals aren’t allowed during the fixed rate period, but there are exceptions:
Contact Customer Support on 0808 196 1945 or customerservice@thisbank.co.uk.
Download the app from the App Store or Google Play to explore exciting savings options, open fixed deposits with ease, and take control of your financial future – all from your phone.
