What interest rate does the Chetwood Bank 3 Month Fixed Rate Savings pay?

The Chetwood Bank 3 Month Fixed Rate Savings pays 4.15% AER, fixed for 3 months.

How much interest could I earn?

Saving £10,000 for 3 months would earn about £102 at 4.15% AER. This assumes the rate stays the same and interest stays in the account.

How much can I pay in?

You can deposit at least £1,000.

Can I withdraw my money?

No. Your money is locked in until the fixed term ends, so only put in what you won't need before then.

When is interest paid?

Interest is paid at the end of the term.

Who can open this account?

New and existing Chetwood Bank customers can open it. You can open it online.

Is my money protected?

Yes. Eligible deposits are protected by the Financial Services Compensation Scheme (FSCS) up to £120,000 per person, per banking licence.

How does it compare with other fixed rate bonds?

At 4.15% AER it ranks 235th of 274 fixed rate bonds we track. The best pays 5.35% and the average is 4.56%.

Dashboard

Fixed Rate

Chetwood Bank 3 Month Fixed Rate Savings Review

A fixed rate bond from Chetwood Bank, running for 3 months, with a £1,000 minimum deposit. It ranks 235th of 274 fixed rate bonds we track.

Rate checked Oct 2026Got this account? Leave a review

Fixed rate · 3 months

4.15%AER

Rate checked Oct 2026Got this account? Leave a review

Protection

FSCS£120,000

Min balance

£1,000

Max balance

No limit

Access

At maturity only

Interest paid

On maturity

How It Stacks Up

Ranks 235th of 274

Fixed bonds we track

Below average

This account 4.15%

UK CPI (Aug 2026): 3.10%; Pays 1.05% more
Average fixed bond: 4.56%; Pays 0.41% less
Best fixed bond: 5.35%; Pays 1.20% less

Inflation: ONS. Averages and best rates: accounts on DepositScout.

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A Good Fit For

Pro: New and existing savers

Worth Weighing Up

Con: Your money is locked in for 3 months
Con: You need at least £1,000 to open it

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Estimated returns with Chetwood Bank's Fixed Rate

What you could earn with Chetwood Bank's 3 Month Fixed Rate Savings.

Estimated interest

£1,000 saved

£10.22

At 4.15% AER

£5,000 saved

£51.09

At 4.15% AER

£10,000 saved

£102

At 4.15% AER

£50,000 saved

£511

At 4.15% AER

Estimated over the 3-month term, if the rate stays the same and interest is left in. Amounts outside the account's minimum or maximum aren't shown.

Work out the tax on your interestSee how much of this interest could be taxed.

Our Expert Opinion on Chetwood Bank 3 Month Fixed Rate Savings

Jan WatermannCo-Founder, DepositScout

Chetwood Bank's 3 Month Fixed Rate Savings pays 4.15%, which is below the market average for fixed-rate accounts and 1.20% behind the category leader at 5.35%, so this is not a rate I would describe as competitive. That said, it does beat August 2026 CPI of 3.1% by 1.05%, so your money at least grows in real terms. The genuine catch is the complete lock-in: you cannot access your money until the three-month term ends, and you need at least £1,000 to open. If you want a short fix, Kent Reliance's 6 Month Fixed Rate Bond offers 4.41% and is worth a look.

Compare Fixed Rate Bonds

2 alternatives to Chetwood Bank's 3 Month Fixed Rate Savings3 alternatives to Chetwood Bank's 3 Month Fixed Rate Savings

Same type of account, closest on rate.

Common questions about the 3 Month Fixed Rate Savings

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4.20% AER

4.75%

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