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Savings
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Savings Fixed Rate

Fixed Term Savings Accounts

Save with confidence using Afin Bank’s Fixed Term SavingsAccounts. Choose from 1-year or 2-year terms and a fixed rate; savings accounts that work for you.

Watch your money grow without interruption with a Fixed Term Savings Account from Afin Bank.

Whether you’re looking to save for one year or two, along with a fixed rate, Afin may have what you’re looking for. What’s more, with an app that lets you see how much interest you have earned whenever and wherever you want, it will help you keep track of your goals.

Ready to set up a Fixed Term Savings Account with us? We’re here to help.

Why choose a Fixed Term Savings Account?

Whatever your savings goals may be, our Fixed Term Savings Accounts can help you get to your goals without complication. Here’s why we could be the right fit for you:

A fixed interest rate for the entire term, which can offer peace of mind no matter how the market fluctuates

A choice between one-year or two-year terms to match your savings goals

You do not need immediate or regular access to your savings

An app to easily manage your account and see your growth

FSCS protection

Your eligible deposits with Afin Bank are protected up to a total of £85,000 by the Financial Services Compensation Scheme, the UK’s deposit guarantee scheme. Any deposits you hold above the limit are unlikely to be covered.

Interest rates are fixed for the entire term, meaning withdrawals are not allowed, unless in exceptional circumstances. If you’re looking for
an account where you want to regularly add to your savings and don’t require instant access, savings accounts like our
Notice Saver Savings Account might be a better fit for you.

How do Fixed
Term Savings Accounts work?

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You can deposit between £1,000 and £200,000*

*The total balance across all your Afin savings accounts cannot exceed £200,000

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You’ll have a 14 day funding window once your account is open

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Your funds will be locked away for a choice of either one or two years, ensuring a fixed rate of return

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Interest will then be calculated daily and paid annually

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At the end of the term, your initial deposit and any interest earned will be returned to your nominated account, unless you choose to redeposit into a new account with us

FAQs

Show all FAQs

What is a Fixed term saver account?
A fixed-term savers account is a type of savings account where you deposit money for a specific period, ranging from a few months to several years.

Key Features
- Set Period: Your funds are locked in for the agreed term, ensuring stability for your savings.
- Guaranteed Interest Rate: Enjoy a fixed interest rate for the duration of the term, which is often higher than regular savings accounts.
This type of account is ideal if you want a secure way to grow your savings and don’t need immediate access to your funds.
Why choose a Fixed Term Saver account?
Why Choose a Fixed-Term Savers?

Fixed-term Saver accounts are ideal if you:
- Like certainty: A fixed interest rate means you know exactly what you’ll earn.
- Can save without access: Perfect if you don’t need to withdraw your money for a set time.
How long do I have to fund my account once its opened and can I top up my savings during the fixed term?

You have 14 days to fund your fixed term saver account after opening it. The maximum you can put in your savings is £200,000. After 14 Days: We won’t be able to accept more deposits. Any funds over £200,000 or received after the 14-day funding window will be returned to your Nominated Account.

Once you’ve made the initial deposit during your 14-day funding window into a fixed-term deposit account, you cannot add more funds during the term.
Can the interest rate change on a fixed rate saver?
No, the interest rate on a fixed-term Saver account does not change once you’ve locked in your deposit.
- The rate is guaranteed for the entire duration of the term.
- This means that even if market interest rates fluctuate, your rate remains fixed, giving you a stable and predictable return on your savings.
This feature makes fixed term saver an excellent choice for those seeking certainty and reliability in their financial planning.
How do I know my fixed rate is due to finish?
The number of days remaining in your fixed term is always visible in the app.

Towards the end your fixed term we will also send you the following notifications:
- First Notification: We’ll contact you at least 21 days before your account matures.
- Reminder: A friendly reminder will arrive about 14 days before the maturity date to keep you informed.