Fixed rate savings accounts

With some fixed rate savings accounts, you can only deposit money when you open the account. With others, you have a certain number of days, known as your funding window, to deposit a lump sum.

You can find out when you can add money in your account documents or terms and conditions.

You can pay in by transferring from another provider or paying in from a current or savings account.

Fixed term savings accounts are designed for paying in a lump sum and then locking the money away to earn interest.

You will generally get a better interest rate if you limit your withdrawals.

A fixed rate savings account allows you to lock in your money for a set period. This usually means you get a higher interest rate in return.

Other things to consider

While the interest rate is an important benefit of any savings account, there are other things to consider:

• Check there is a local branch nearby – we made a Branch Promise. This means everywhere we have a branch, we will still be there until at least the start of 2028.
• Consider your provider’s social impact – we give 1% of our pre-tax profits to charities. Because we’re guided by a social purpose and aim to make communities better places to live.

Yes, we are a member of the Financial Services Compensation Scheme (FSCS).

This means that deposits of up to £85,000 are protected.

Some of our savings accounts can be joint. However, a cash ISA can only be opened in your own name, joint accounts are not allowed.

If you are interested in a joint savings account, check the terms and conditions for the account before you apply. You can find these on the pages for each of our accounts.

Each of our savings accounts have specific eligibility criteria. You can find these on the pages for each account.

For all our fixed rate savings accounts, you must be a UK resident.

You can apply online or visit any Nationwide branch.