9 Month Fixed Term
Savings Account

Everything you need to know

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You can apply for this account if you:

  • Are aged 18 or over

  • Are a UK resident

  • 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. This is the only bank account that you can use to send money in and out of your JN Bank UK account.

Why open this account:

  • Interest rate – 4.45% gross/AER fixed; 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.

  • 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 Interest can only be withdrawn when the account matures.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.

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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

Ready to apply? It only take 5 minutes.

Apply now

Summary box

  • 4.45% 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 4 of our JN Bank Fixed Term Savings Account Specific Terms and Conditions.

TermBased on an initial DepositAER/GrossProjected Balance
1 year£1,0004.41%£1,044.10
15 months£1,0004.41%£1,055.13
2 year£1,0004.42%£1,090.35
3 year£1,0004.45%£1,139.53
4 year£1,0004.45%£1,190.24
5 year£1,0004.50%£1,246.18

These examples are based on one lump sum deposit being made at account opening, with no further deposits or withdrawals made, and are provided as an illustration only and do not take into account individual customers’ circumstances.

Eligibility

  • You must be aged 18 or over and be a UK resident to open a JN Bank 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.
  • View your balance and send messages to us using our secure Internet Banking Portal.
  • 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 JN Bank Easy Access Savings Account until instructions are provided.
  • You will not be able to close or switch your JN Bank Fixed Term Savings Account before its maturity date.
  • We will generally communicate with you through email and secure message through our Internet Banking Portal. It is important to keep these 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.
  • An account with JN Bank in the UK does not give you any membership rights with the JN Group.

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.