Fixed Rate Saver

You can make payments into your account directly from your Instant Saver or Saver Reward account, if you have one, or from another bank or building society during the deposit window. Inbound payments from another bank or building society will usually show in the app immediately, but we suggest that you check with the other bank or building society that they’re able to transfer the funds before your deposit window closes. Payments in and out of a Fixed Saver can only be made using the Faster Payment Service.

We cannot accept liability for any payments from other institutions that we receive outside of your deposit window. You’ll find more information about making payments in our General T&Cs. In some circumstances (e.g. if we use your bank account details to verify your identity) you will only be able to make payments into your account from a specified UK bank account in your name. Once you’ve paid money into your account, you can’t withdraw it until the end of your product term.

Please note: We don’t accept funds by CHAPS or cheque.

Yes, you can choose to move funds between your Fixed Saver and Instant Saver or Saver Reward at certain times.

When your Fixed Saver matures, you’ll have the option to move your funds straight to your Instant Saver or Saver Reward, as long as you have one open before your Fixed Saver reaches maturity.

If you miss the 3-day maturity window for a Fixed Saver, we’ll automatically move your funds to your Instant Saver or Saver Reward, if you have one open (we’ll give preference to your Instant Saver if you have both).

You can move money from your Instant Saver or Saver Reward to your chosen Fixed Saver account within your 7 day deposit funding window. For unfunded Fixed Saver accounts, the funds transferred need to be at least £50. If your Instant Saver or Saver Reward has less than £50 in the account, the option to transfer to a Fixed Saver will not appear.

Please note: When moving money between your easy-access accounts (Instant Saver, Saver Reward and Holding Accounts) and Fixed Savers, you need to be aware of our Maximum Balance Limit. You can hold up to £100,000 in total across all of your Fixed Savers at any time and up to £100,000 in total across all of your easy-access accounts at any time. There is also a limit of £200,000 in total across all of your savings accounts at any time. You can find full details of these limits in your product T&Cs (available in your Vault).

A Fixed Saver can be opened without an initial deposit, however the first deposit needs to be a minimum of £50.

Once you’ve opened your account, you can only make payments into it for a specified period. We call this the ‘deposit window’. The deposit window starts as soon as you open your account and closes at a fixed point in the future.

After making the minimum initial payment specified in your Fixed Saver summary box, you can make as many payments as you like into your account during the deposit window, up to the Maximum Balance Limit.

If you open an account and don’t pay anything into it during the deposit window, the account will be registered as an ‘unfunded’ account, and we’ll close it in due course.

During the deposit window, you can add funds as many times as you like up to the £100,000 limit, as set out in the Fixed Saver Terms & Conditions. There is also a £200,000 limit across all of your Atom accounts (including a £100,000 balance limit applied to any easy access accounts i.e. an Instant Saver and Holding Accounts). Outside of the deposit window, no additional funds are permitted on Fixed saver accounts.

Funds can only be withdrawn from a Fixed Saver at maturity of the term or in the case of financial hardship. If you’re struggling financially, please contact our Customer Support team on 0333 399 0050 (8am to 8pm, 7 days a week) or via the chat option in your app, and we’ll look to assist you. We may require evidence to support your request, but it’s important you get in touch as soon as you can.

There is a Maximum Balance Limit that applies to our savings accounts. You can deposit up to £100,000 in total across all your Fixed Savers. There is also a maximum limit of £200,000 across all your accounts, which includes a £100,000 limit across all your easy-access accounts, including Instant Saver and Holding Accounts.