3 Year Fixed Term
Savings Account

Everything you need to know

Clear sky

You can apply for this account if you:

  • Are aged 18 or over

  • Are a UK resident

  • Want a sole account only

  • Have a UK mobile phone number

  • Have a valid email address

  • Have a UK bank account in your name and registered at your address – this will be your Nominated Account. We will use Open Banking to verify your Nominated Account details. Your Nominated Account will be the only bank account that you can use to send money in and out of your thisbank account

Why open this account:

  • Interest rate – 3.99% gross/AER fixed. Interest is paid gross

  • A guaranteed fixed rate on your savings that will not change for the duration of the term

  • You will not need to have access to your funds for the duration of the term

  • Open your account with £100 and save up to £500,000

  • Interest is calculated daily, paid annually and/or at maturity into your Fixed Term Savings Account. Interest can only be withdrawn when the account matures

  • Customise your account by giving it a name to reflect your savings goals!

Read the Summary box below for more information. Deposits up to £120,000 per eligible person are protected by FSCS. Please note: the account must be opened in sole name only; it will only be active once the minimum deposit has been paid; which must be within 14 days from the application submission date, otherwise it will be closed. Interest rates are correct at the time of publication but may change in the future. By continuing you are agreeing to the terms of our Privacy Policy.

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.

Before you start

  • Your application should only take 5 minutes to complete
  • You’ll need to tell us your UK bank account sort code and account number, and your tax identification number (TIN) if you pay tax in a country other than the UK – so have them to hand!
  • Before submitting your application, you’ll need to download and accept the important information, this includes the account summary box, our terms and conditions, and an FSCS information sheet
  • We will tell you if your application is accepted, referred or declined at the end of the application
  • If your application is referred we will contact you as soon as possible with an update on what to do next
  • If your application is accepted you’ll receive a Welcome Email with your account details so you can send money to your account straight away
  • Read our terms and conditions here

Ready to apply?

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Simply log in to your internet banking and click “Open new savings account” on your dashboard then follow the steps.

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Summary box

  • 3.99% gross/AER fixed on balances between £100 to £500,000. Balances below £100 will not earn interest
  • 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
  • Interest is calculated daily, paid annually and at maturity into your Fixed Term Savings Account. Interest can only be withdrawn when the account matures
  • You can check the interest rate applicable to your account on any day by logging into internet banking

No, rates are fixed until the maturity date. For further information please refer to clause 3 of our thisbank Bank Fixed Term Savings Account Specific Terms and Conditions.

TermBased on an initial DepositAER/GrossProjected Balance
1 year£1,0003.99% gross/AER fixed£1,039.90
15 months£1,0003.99% gross/AER fixed£1,049.88
2 year£1,0003.99% gross/AER fixed£1,081.39
3 year£1,0003.99% gross/AER fixed£1,124.54
4 year£1,0003.99% gross/AER fixed£1,169.41
5 year£1,0004.31% gross/AER fixed£1,234.89

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.

Eligibility

  • You must be aged 18 or over and be a UK resident to open a thisbank savings account
  • You must have a bank account in the UK

Account opening and management

  • You can open and manage this account online
  • The account must be opened in sole name only
  • Send money from and to your UK Nominated Bank Account
  • You must open this account with at least £100. This is the minimum balance for this account
  • You must add at least the minimum balance to your account within 14 days of submitting your application
  • Maximum balance is £500,000
  • You can only make a maximum of 11 deposits of up to £500,000 from your Nominated Account within 14 days of submitting your application
  • You will not be able to make any withdrawals from this account until the fixed rate period ends.
  • We will notify you regarding maturity at least 22 calendar days prior to your maturity date.
  • You must inform us of your decision to withdraw or reinvest your funds on or before the maturity date
  • If you do not provide us with an instruction on or before the maturity date, we will open an easy access savings account and transfer your funds to this account. Your funds will earn interest at the same rate as our thisbank Bank Easy Access Savings Account until instructions are provided
  • You will not be able to close or switch your thisbank Bank Fixed Term Savings Account before its maturity date
  • We’ll generally communicate with you through email which is why it’s important to keep your details up to date
  • Please check the Personal Savings Allowance as you may need to pay tax on the interest you receive. Please contact HMRC if you need more information

Need help?

If you need any further help or have questions, don’t hesitate to reach out. Our dedicated Customer Service team is here to help you.

0808 196 1945 +44 (0) 808 196 1945

Monday – Friday 9:00 – 18:00 Saturday 9:00 – 12:30

Email Us customerservice@thisbank.co.uk