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Fixed Rate Savings Accounts

1 year fixed-rate savings account 6.50% gross/AER*

How to apply

Call us on:

0845 603 2651

Fixed-rate Savings Account benefits

  • You are protected against fluctuations in interest rates.
  • You know exactly how much your investment will earn.
  • Get a fixed rate of interest on your savings.
  • The fixed term is 12 months.
  • Earn either a return at the end of the year at a rate of 6.50% gross/AER* or a regular monthly income
    (6.31% gross/6.50% AER*).
  • Invest from £500 up to £5 million in your savings account.

Your options

An annual income of 6.50% gross/AER*

Apply now for annual return option


A monthly income of 6.31% gross/6.50% AER*

Apply now for monthly income option

Things you need to know about this fixed-rate savings account

  • Rates effective from 7 August 2008.
  • Hurry if you want to take advantage of this fixed rate – this is a limited issue.
  • Once the limit has been reached, the issue will close.
  • You are not allowed to access your funds during the term of the Fixed Rate Savings Account.

Download a brochure

Fixed Rate Savings Account brochure
Fixed Rate Savings Account flyer

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*AER stands for Annual Equivalent Rate and illustrates what the interest rate would be if interest was paid and compounded once each year. As every advertisement for a savings product which quotes an interest rate will contain an AER, you will be able to compare more easily what you can expect from your savings over time.

Gross is the contractual rate of interest payable before the deduction of income tax as specified by law. If you are a higher rate tax payer you may have a further amount to pay.

Current and previous Bank of England interest rates can be found at:

http://www.bankofengland.co.uk/monetarypolicy/decisions.htm

Calls may be monitored and recorded for quality assurance and compliance. Lines are open Monday to Saturday 8am to 8pm. Call charges may apply.

The deposit-taker for the AA savings accounts is Birmingham Midshires, a division of Bank of Scotland plc, which is authorised for accepting deposits by the Financial Services Authority. It is entered in the FSA's Register and its Register Number is 169628. Registered office: The Mound, Edinburgh EH1 1YZ.

Bank of Scotland plc is a member of the British Bankers' Association and subscribes to the Banking Code, copies of which are available upon request.