What interest rate does the Chetwood Bank 6 Month Fixed Savings pay?

The Chetwood Bank 6 Month Fixed Savings pays 4.40% AER, fixed for 6 months.

How much interest could I earn?

Saving £10,000 for 6 months would earn about £218 at 4.40% 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 six-month fixed rate bonds?

At 4.40% AER it ranks 6th of 15 six-month fixed rate bonds we track. The best pays 4.60% and the average is 4.07%.

Dashboard

Fixed Rate

Chetwood Bank 6 Month Fixed Savings Review

A competitive six-month fixed rate bond from Chetwood Bank, with a £1,000 minimum deposit. It ranks 6th of 15 six-month fixed rate bonds we track.

Rate checked Oct 2026Got this account? Leave a review

Fixed rate · 6 months

4.40%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 6th of 15

6-month fixed bonds we track

Above average

This account 4.40%

UK CPI (Aug 2026): 3.10%; Pays 1.30% more
Average 6-month fixed: 4.07%; Pays 0.33% more
Best 6-month fixed: 4.60%; Pays 0.20% 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 6 months
Con: You need at least £1,000 to open it

Good to Know

You have 14 days to fully fund the account.

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Estimated returns with Chetwood Bank's Fixed Rate

What you could earn with Chetwood Bank's 6 Month Fixed Savings.

Estimated interest

£1,000 saved

£21.76

At 4.4% AER

£5,000 saved

£109

At 4.4% AER

£10,000 saved

£218

At 4.4% AER

£50,000 saved

£1,088

At 4.4% AER

Estimated over the 6-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 6 Month Fixed Savings

Jonny PeaseCo-Founder, DepositScout

Chetwood Bank's 6 Month Fixed Savings pays 4.40%, which sits below the market average for fixed-rate accounts and 0.95% behind the current leader at 5.35%. It does beat inflation by 1.30 percentage points against August 2026 CPI of 3.1%, so your money grows in real terms. The genuine catch is that no early withdrawals are permitted, with exceptions only in serious circumstances like bankruptcy or critical illness. If you want a better six-month rate, Atom Bank's 6 Month Fixed Saver pays 4.55% and GB Bank offers 4.52%.

Compare Fixed Rate Bonds