1 Year Fixed Saver (Issue 83)

4.31%

AER

£1 minimum
£250,000 maximum
Fixed rate
FSCS Protected
Award winning
Online application

This may be right for you if…

You do not need access to your savings until the end of the fixed term
You want to know exactly how much interest your savings will earn over a set period
You only plan to pay deposits into the account for up to the first 14 days
You have an email and mobile phone number

This may not be right for you if…

You may need to access your savings during the term
You want to make withdrawals during the term
You want to add more money into the account during the fixed term
You don't have an email address or mobile phone number

Account summary

Learn more about the 1 Year Fixed Saver (Issue 83)

Summary box PDF - Download Terms & conditions PDF - Download

What is the interest rate and how is it calculated?

The interest rate for the 1 Year Fixed Saver (Issue 83) is 4.31% AER
Interest is calculated daily on balances of £1 and over and is paid on the anniversary of the date we receive your first deposit, and then annually after this, or at the end of the term if that’s sooner.
If the anniversary falls on a weekend or a bank holiday your interest will be credited on the next working day.
AER means Annual Equivalent Rate, which illustrates what the interest would be if it was compounded annually.

Can HTB change the interest rate?

No, the interest rate is fixed for the duration of the term.

What would the estimated balance be after 12 months based on a £1,000 deposit?

£1,000 invested in this account would earn £43.10 interest by the end of the term.
This is for illustrative purposes only and assumes interest is paid and compounded annually. The illustrative example does not consider the individual circumstances of a customer.

How do I open or manage the account?

You can open an account by completing the application form on our website.
This account is available to anyone aged 18 or over and a permanent resident in the United Kingdom.
Once your account is open, you can manage it online through our online portal, by secure message when logged in, or by getting in touch.
The fixed term starts on the date the account is open. Interest starts when the first payment is received.
You’ll need the minimum balance of £1 in the account to open it and keep it open.
The maximum account balance is £250,000, with a maximum of £1m balance across all your accounts with us.

Can I withdraw money at any time?

No. This account offers a fixed rate for a fixed term, so you can only close it, withdraw or transfer your money at the end of the term (maturity).
We will get in touch before maturity to remind you of the date that your fixed term ends, detailing your options and asking for your maturity instructions. You can ask us to reinvest some or all of it into new accounts or return it to your nominated account.
If you don’t tell us what you’d like to do by the fixed term maturity date, we’ll move your balance into our Maturity Easy Access Account to keep your matured balance protected while you decide what to do with it − we’ll send you more information about this account nearer the time.

Additional information

You have 14 days from the date you applied for the account to fund it, during which time you can make as many payments into the account as you like up to the maximum balance. After this time, your account will not be able to accept further funds. If the account remains unfunded at 14 days, it will be closed.
All payments must be made to – and from – your nominated bank account or into another account with us.
Read our full terms and conditions here.

Apply online in just 5 minutes

Open your 1 Year Fixed Saver (Issue 83) account with just a few short clicks

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Your money is protected

Eligible deposits with Hampshire Trust Bank are protected up to £120,000 per person by the Financial Services Compensation Scheme. For joint accounts, each holder is covered — up to a total of £240,000.

Learn more about FSCS protection

Open an account in 3 simple steps

Apply online

It takes around 5 minutes to complete your application.

Fund your account

Transfer your deposit into the account within 14 days of opening.

Start earning interest

Interest is calculated daily and paid on your account anniversary.

Additional information

Historical rates, key terms and frequently asked questions for this account.

We’ll get in touch a few weeks before your fixed term comes to an end (‘maturity’) to let you know your options and ask for your instructions.

You can give us – and amend – your maturity instructions through our online savings portal up to 2 working days before your account matures.

To let us know what you’d like to do at maturity, or change your previous instructions, simply:
- Log in to our online savings portal (here)
- Find the maturing account and click View account
- Click the Set maturity instructions button.
From there, you can:
- Reinvest some or all of the balance into one of our available accounts, by choosing the account and adding the amount to add.
- Return some or all of the balance by selecting your nominated account under Transfer funds to my selected account and enter the amount to return.
- Do one or both of the the above, before clicking Submit to save your preferences.
Interest will be paid to either your nominated account or reinvested account, based on the instruction you provided when opening the account. Your balance will be adjusted accordingly.

If you need some support while doing this, send us a secure message while you’re logged in, or get in touch.

If we don’t hear from you, we’ll move your balance into our maturity easy access account to keep it protected while you decide what to do.

You can view some of our most commonly asked questions, complete with answers, here.

AER means Annual Equivalent Rate, which illustrates what the interest would be if it was compounded annually. We quote the AER on all of our accounts so that you can compare our products with other banks.

Gross is the interest rate without the deduction of income tax. This is the interest paid on your account.

Variable means that the rate could change across the time that your money is in your account, with given notice.

Notice is the designated number of days that you are requested to give notice before you can access the money in your account.

Fixed rate means the rate won’t change during the term.

When you save with us. you have the added peace of mind that comes from knowing your money is protected up to a total of £120,000 by the Financial Services Compensation Scheme (FSCS), the UK’s deposit guarantee scheme. You can learn more about FSCS protection here.

Any deposits you hold above the FSCS compensation limit are unlikely to be covered, unless under specific circumstances, as determined by the FSCS.