Welcome to Our 6-Month Fixed Term Saver.
The 6-Month Fixed Term Saver is the perfect choice for those who want guaranteed returns over a fixed period. Lock in a fixed interest rate for six months and enjoy the peace of mind that comes with knowing exactly what your savings will earn.
Key Features:
- Minimum Balance: £1,000
- Fixed Term: 6 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.
Log into your account or visit the app to apply.
Terms and Conditions:
- Early withdrawals are not permitted.
- If no instructions are received before the maturity date, the account will automatically renew for another 6-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 6-Month Fixed Term Account is a savings account where your money is locked in for six months at a fixed interest rate. Withdrawals or closures are not permitted during the fixed term.
The interest rate for the 6-Month Fixed Term Account 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 6-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 6-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.