Fixed Rate Saver

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Minimum deposit of $5,000

Key benefits

Make the most of your savings

Our Fixed Rate Saver offers you a fixed rate of interest for 1 - 3 years, so you can enjoy the peace of mind of knowing exactly what return you'll get on your investment.

  • A guaranteed fixed interest rate for 1 - 3 years
  • Deposit between $5,000 and $50,000 within 30 days of opening your account
  • A good return on your savings with no withdrawals
  • Interest paid monthly or annually

Hurry - our Fixed Rate Saver offer is limited and can be withdrawn at anytime.

Current products available

Length of Term For balances betweenAER*/ gross p.a.Monthly grossNet p.a.
1 year$5,000 -
$50,000
1.70%1.70%1.36%
2 years$5,000 -
$50,000
2.10%2.10%1.68%
3 years$5,000 -
$50,000
2.20%2.20%1.76%

This offer is subject to a limit of 4 Fixed Rate Saver accounts per person per term.

We must receive your full deposit within 30 days of opening your account. We can't accept any deposits after 30 days. You cannot make withdrawals from this account at any time and you cannot close it during the term. If you think you may need access to your funds during the term a fixed deposit may not be the right savings product for you. Why not check out our full range of savings accounts which may better suit your needs.

Remember, you must fund your Fixed Rate Saver within 30 days of the account opening date.

What you'll need to apply

It's quick and easy to apply for a ACB Financial Fixed Rate Saver. Just have the following details ready:

  • Your personal details
  • For joint accounts: make sure you have the required information for a joint application, or use the Power of Attorney facility to open and operate a Fixed Rate Saver account
  • Your Nectar card details - by entering your card number, you could take advantage of any future Nectar card promotions that may be on offer


Please note from the 6th April 2015 HM Revenue and Customs regulations state that Qualifying Time Deposits status will no longer apply for any new accounts or maturing accounts that rollover into a new offer. Interest will be paid net.


You must be over 18 and a UK resident to open a Fixed Rate Saver account.

Apply for your savings account now

It's quick and easy to apply for a ACB Financial Fixed Rate Saver savings account. Apply online now or call us.

We are covered by the Financial Services Compensation Scheme.

*Telephone calls may be recorded for security purposes and monitored under our quality control procedures. Calls are free from a landline only.

Next steps

Once your account is opened you can deposit into your Fixed Rate Saver in three ways: 

  • Transfer money from your current bank account;
  • Send us a cheque, made payable to yourself, to ACB Financial Services Limited, ; or
  • Transfer funds direct from your existing ACB Financial Services Limited savings account

**AER stands for the Annual Equivalent Rate and illustrates what the interest rate would be if interest was paid and compounded once each year. Interest on this account is paid directly into your nominated account and therefore not compounded.

Interest is calculated daily and paid monthly/annually depending on your choice of options. Rates correct from 18th October 2016. The gross rate is the contractual rate of interest payable before the deduction of income tax at the rate specified by law (currently 20%).

Find out more

Current products available

Length of Term For balances betweenAER*/ gross p.a.Monthly grossNet p.a.
1 year$5,000 -
$50,000
1.70%1.70%1.36%
2 years$5,000 -
$50,000
2.10%2.10%1.68%
3 years$5,000 -
$50,000
2.20%2.20%1.76%

This offer is subject to a limit of 4 Fixed Rate Saver accounts per person per term.

Interest paid monthly or annually to your nominated account.


*AER stands for the Annual Equivalent Rate and illustrates what the interest rate would be if interest was paid and compounded once each year. Interest on this account is paid directly into your nominated account and therefore not compounded. Rates effective from 18th October 2016.

How is your interest paid

Interest is calculated daily and either paid monthly to your nominated account on the monthly anniversary of the account opening (if this date falls on a weekend, then the next business day) or paid annually on the anniversary of the date when the account was opened.

Access to your money

No withdrawals or additional deposits are allowed once your Fixed Rate Saver is open and early closure is not permitted.

What happens at maturity?

We will write to let you know that your Fixed Rate Saver is maturing, you'll then be given the choice to either:

  • Re-invest into another Fixed Rate Saver (if one is available at that time)
  • Transfer your funds into your nominated account or to another ACB Financial Services Limited savings account
  • Transfer some of your maturing Fixed Rate Saver into your nominated account and some to a new Fixed Rate Saver (if one is available)
  • Transfer some of your maturing Fixed Rate Saver into your nominated account and some to another ACB Financial Services Limited savings account

If we do not hear from you by maturity we will automatically transfer your maturing Fixed Rate Saver into a ACB Financial Services Limited Reserve Account (currently 0.50% AER variable).

Easy to manage

You can use our secure Telephone service or Online Banking service to check your balance and transactions.

Protection against money laundering

Before your account is fully active we'll need to verify your identity. This is to comply with money laundering regulations. In most cases we can do this electronically but we may need you to provide some documents to help us.


*Telephone calls may be recorded for security purposes and monitored under our quality control procedures. Calls are free from a landline only.

Apply now

Before you apply

  • Make sure you have your personal details to hand.
  • Make sure you have your nominated account and sort code details.
  • You must be over 18 and a UK resident.
  • Please read our privacy statement.

Apply quickly and easily

  • Apply online or by calling us
  • You must fund your Fixed Rate Saver within 30 days of opening it
  • Only one deposit allowed

Applying for a joint account

You will be required to provide the above information for both parties to complete your application form.

This offer is subject to a limit of 4 Fixed Rate Saver accounts per person per term.

Summary Box

Key product information for our Fixed Rate Saver account

Account nameFixed Rate Saver
Interest rates (AERs) Fixed interest rate for 1 - 3 years. Open and deposit between $5,000 and $50,000.
Tax status Interest is paid net of tax at the prevailing rate (currently 20%).
Conditions for bonus paymentNo bonus available on this account.
Withdrawal arrangementsNo withdrawals are permitted.
Access On maturity.

This offer is only available for a limited period and may be withdrawn at any time.

Ts & Cs

ACB Financial Fixed Rate Saver terms and conditions

Please read our privacy statement.

   
Fixed Rate Saver Account conditions
 
1. Your Fixed Rate Saver will be opened on your account opening date.

2. Interest is fixed on the account opening date. Interest starts to accrue once cleared funds are paid into your Fixed Rate Saver until the end of the term. If you make your deposit into the account after the account opening date, you will receive interest from the date of deposit until the end of the term and not from account opening date. The term over which you actually receive interest may therefore be shorter than the full term of the product.

3. You must fund your account within 30 days of account opening. If you do not fund your Fixed Rate Saver we will close your Fixed Rate Saver after 60 days.

4. You may only close your Fixed Rate Saver on its maturity date.

You have 14 days starting from the day after your savings account agreement is concluded to give us notice that you wish to cancel.

If you decide to cancel, we'll give you the current balance of your account and any interest your money has earned. We don't charge for cancellations.

*Telephone calls may be recorded for security purposes and monitored under our quality control procedures. Calls are free from a landline only.

The gross rate is the contractual rate of interest payable before the deduction of income tax at the rate specified by law (currently 20%). AER stands for annual equivalent rate and illustrates what the interest would be if interest was paid and compounded each year. Net is the rate of interest paid after the deduction of lower rate tax at 20%.

For questions

Call +447449694492

Get in touch

Fixed Rate Saver Support

*Telephone calls may be recorded for security purposes and monitored under our quality control procedures. Calls are free from a landline only.

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