Fixed Rate from Chetwood Bank
Protection
FSCS
Up to £120,000
Min balance
£1,000
Max balance
None
Access
No access until maturity
Interest paid
Annually
You have 14 days to fully fund the account.
Please verify all details with the provider – for more info read our Disclaimer
Want to know how much interest you will receive with Chetwood Bank's 5 Year Fixed Rate Savings?
Estimated interest
£1,000 saved
£279
At 5.05% AER
£5,000 saved
£1,397
At 5.05% AER
£10,000 saved
£2,793
At 5.05% AER
£50,000 saved
£13,966
At 5.05% AER
Estimated over the 60-month term, assuming the rate stays the same and interest stays in the account. Amounts outside this account's minimum or maximum balance are left out.
Chetwood Bank's 5 Year Fixed Rate Savings pays 5.05% with interest calculated daily and compounded annually, which suits anyone who wants a set-and-forget home for a lump sum of at least £1,000 and has no need to touch it for five years. The real catch here is the access policy: no early withdrawals are permitted, and closure before maturity is only considered in exceptional circumstances such as bankruptcy or critical illness, so this is genuinely illiquid money. If you want the same rate with a different provider, Hampshire Trust Bank's 5 Year Online Fixed Saver also pays 5.05%, or Close Brothers Savings offers a marginal 5.07% over the same term.
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