12-Month Fixed Term Saver
Available to members from the 1st of December 2024! Take control of your savings with our 12-Month Fixed Term Saver, offering a competitive rate of 4.25% for a full year!
Key Features:
- Minimum Balance: £1,000
- Fixed Term: 12 months
- Interest Rate: Fixed 4.25% for the term.
- Maturity Options: 14 days before maturity, you will be contacted with options to reinvest in another fixed-term account, transfer your funds to another Plane Saver account, or withdraw your money.
Contact Our Team to Apply:
- Email: info@planesaver.co.uk
- Phone: 0208 607 5020
Terms and Conditions:
- Early withdrawals are not permitted.
- If no instructions are received before the maturity date, the account will automatically renew for another 12-month term at the current rate.
- Click here to read the full Terms & Conditions.
- Click here to download our FAQs or check them out below.
Click here to read the FSCS Factsheet.
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Questions About Your Fixed Term Deposit?
A 12-Month Fixed Term Saver is a savings account where your money is locked in for 12 months at a fixed interest rate. Withdrawals or closures are not permitted during the fixed term.
The interest rate for the 12-Month Fixed Term Saver is fixed and will remain the same throughout the term. The rate will be provided at the time of account opening. (See above for the current rate).
A new rate may apply if you choose to renew your account at maturity and the rate will be provided at the time of account opening.
At the end of the 12-month term, your account will mature, and we will notify you 14 days before the maturity date with options to reinvest in a new fixed-term account, transfer the funds to another Plane Saver account, or withdraw the money.
If we don’t receive any instructions from you by the maturity date, your funds, along with the earned interest, will automatically be reinvested into a new 12-month Fixed Term Deposit account at the current rate available at that time.
Yes, your deposits in the Fixed Term Account are covered by the FSCS up to £85,000.