Fixed 1 Year Saver - Ikano Bank

Fixed 1 Year Saver

Ikano Bank
1.6 % AER
Headline Interest Rate
Fixed
For 12 months
SDIS
Compensation Scheme
£ 1,000 min initial deposit
£ 1,000,000 max balance
  • Open By:

About the account

Account Type: Fixed Term
Headline Interest Rate: 1.6 % AER
Headline Interest Balance: £ 1,000
Protection Scheme: The Swedish Deposit Insurance Scheme is managed by Riksgälden, The Swedish National Debt Office. The Scheme guarantees a maximum compensation of 100,000 euro per institution and covers deposits in all types of accounts.
Minimum Initial Deposit: £ 1,000
Date account was introduced: 07 Dec 2017

This account may be appropriate for you if

  • You are happy not withdrawing funds before the end of the term
  • You are over 18 years of age

Rate details

Gross Rate
Excluding Bonus
Gross Rate
Including Bonus
AER
£1,0001.60%1.60%1.60%

Account access

Open account byManage account by
Bank
Post
Phone
Internet
Interest Payment Option
Interest Added to Account
Interest Paid to Other A/c
Interest Paid to Bank A/c
Interest Paid by Cheque
Interest Payment Frequency: annually, monthly
Minimum Balance: £ 1,000
Maximum Balance: £ 1,000,000
Statement Frequency: on-line
Additional Deposits: Allowed
Standing Orders: Not allowed
Account Certificate: Account Certificate available.

Withdrawals

Withdrawal Conditions: No withdrawals or closure permitted during the term of the account.
Notice and Penalty Charge: There are no withdrawal conditions.
Free Withdrawal Conditions: Free withdrawals are not permitted.
Transferred on Maturity: Customers will be contacted 21 days prior to maturity to discuss options available to them. If no instruction received the account will become an Easy Saver account with no withdrawal restrictions.

Conditions

Additional Subscriptions Permitted: This account does not let you transfer ISA savings from a deceased spouse

Moneywise Best Buys

Savings Accounts

ProductAER
Nationwide Flexclusive Regular Saver - Nationwide Building Society5%
First Direct Regular Saver - first direct5%
HSBC Regular Saver - HSBC5%
M&S Bank Monthly Saver - M&S Bank5%
Santander 123 Regular eSaver - Santander5%