Account details
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APY
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Key points of fixed term accounts

✓Interest rate: fixed for the entire term, so you know exactly what you'll earn.
✓Access to funds: your deposit stays locked in until the term ends.
✓Stability: a predictable, guaranteed return with no rate surprises.
Summary box
Account name
Sterling Savings 1 Year Fixed Term Account
What is the interest rate?

Interest is calculated daily and paid at the end of the term.

Can the interest rate change?

No. The rate is fixed for the whole of your chosen term.

It won't rise or fall at any point before your term ends.

What would my balance be after 12 months on a £1,000 deposit?

At the current rate, a £1,000 deposit would earn roughly £50.00 over 12 months, for a final balance of £1,050.00.

A £5,000 deposit would earn roughly £250.00, for a final balance of £5,250.00.

These are illustrative figures only and aren't based on your personal circumstances.

You'll need to keep the full deposit in the account for the whole of the fixed term.

How do I open and manage my account?

Open to individuals aged 18 and over, with a minimum deposit of £1,000 and a maximum of £1,000,000.

You can open, view and manage your account directly through Straight Arrow.

Your account closes automatically at the end of the term — funds can't be withdrawn early and must stay in place until then.

Can I withdraw my money early?

No, not before the end of your agreed term.

Your funds stay locked in and aren't available for withdrawal until the term ends.

At the end of the term, your deposit plus any interest earned is paid back to your Straight Arrow account.

There's no charge for the return of your funds when the term ends.