What's a Fixed Term pot?

A Fixed Term pot lets you lock your money away for between 6 months and 5 years in return for a guaranteed interest rate.

Once you've added money to a Fixed Term pot, you won't be able to access it until your chosen term is complete, so you should only save what you can afford to lock away. Some people like to use Fixed Term pots to avoid the temptation of dipping into their savings.

When can I add money to my Fixed Term pot?

When you open a Fixed Term pot, we’ll give you 30 days to pay into it. You can deposit money as many times as you like during this period. Once the 30-day funding window has closed, you'll no longer be able to add money to your pot.

You'll start earning interest on your money as soon as you pay in.

How much can I save in a Fixed Term pot?

There's no limit on how much you can save in a Fixed Term pot, as long as the total value saved in your Smart Savings Hub is below £250,000.

Can the interest rate on a Fixed Term pot change?

No, the interest rate on Fixed Term pots is fixed for the whole duration, so you'll know exactly how much interest you'll earn.

What happens when the term on my Fixed Term pot ends?

When the term ends, your Fixed Term pot will automatically become an Access pot, where it'll earn a variable interest rate. You can top up and withdraw from Access pots whenever you like. At this point, you can move your money to a new Fixed Term pot if you wish.

We'll send you a reminder email when your term is almost up.