1 Year Fixed Term Savings Account - Metro Bank

1 Year Fixed Term Savings Account

Metro Bank
1.2 % AER
Headline Interest Rate
Fixed
For 12 months
FSCS
Compensation Scheme
£ 500 min initial deposit
£ 2,000,000 max balance
  • Open By:

About the account

Account Type: Fixed Term
Headline Interest Rate: 1.2 % AER
Headline Interest Balance: £ 500
Protection Scheme: This account is covered by the Financial Services Compensation Scheme.
Minimum Initial Deposit: £ 500
Date account was introduced: 02 Oct 2017

This account may be appropriate for you if

  • You are happy not withdrawing funds before the end of the term
  • You are over 16 years of age

Rate details

Gross Rate
Excluding Bonus
Gross Rate
Including Bonus
AER
£5001.20%1.20%1.20%

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: £ 500
Maximum Balance: £ 2,000,000
Statement Frequency: annually
Additional Deposits: Not allowed
Standing Orders: Not allowed
Passbook: Passbook available.

Withdrawals

Withdrawal Conditions: No withdrawals or closure permitted during term.
Notice and Penalty Charge: There are no withdrawal conditions.
Free Withdrawal Conditions: No withdrawals permitted during term.
Transferred on Maturity: The account holder will be contacted at least 30 days before the maturity date to advise them of their options.

Conditions

Additional Account Required: A Metro Bank account must be available to pay interest into, this can be another savings account or current account.
Additional Subscriptions Permitted: This account does not let you transfer ISA savings from a deceased spouse

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