Before you apply for your

1 Year Fixed Rate Bond


To apply for this account you and any joint applicants, must be:

  • A UK resident
  • Aged 18 or over
  • Depositing between £10,000 and £2 million per account
  • Applying for a personal savings account, not on behalf of a business

Key account information

What is the interest rate?


Gross PA / AER*


Note, accrued interest is calculated daily and is payable annually and at maturity (the end of the term) into your nominated bank account.


*AER stands for Annual Equivalent Rate. It illustrates what the interest rate would be if interest were paid and added each year. Please note, interest is not compounded. Gross PA means Gross Per Annum, i.e. before tax is deducted (at the legal rate).


Can Close Brothers Savings change the interest rate?

No. Your rate is fixed, so it will stay the same for the entire term of your savings account. It means you’ll always know exactly how much interest you’ll earn annually.


What would the estimated balance be after 12 months based on £10,000 deposit?

Initial deposit 

Interest earned after 12 months    

Balance after 12 months





Illustration based on the initial deposit shown being deposited at the time the account is opened. This projection is provided for illustrative purposes only and does not take into account individual circumstances.


How do I open and manage the account?

It's easy to apply online. The minimum opening deposit is £10,000 and the maximum is £2 million. You can pay money into your account by electronic bank transfer. You can add additional funds for 10 calendar days once the account has been opened.


Managing your account is easy too. Simply login or call us and we'll help with any questions or instructions.


Can I withdraw money?

No, you can’t take money out of a Fixed Rate Bond, so you need to be sure you’re happy to leave your money in the account until the end of the term (maturity).


Before the end of the fixed term, we’ll let you know what your maturity options are.

What happens at maturity?

We will write to you around 14 days before your Fixed Rate Bond matures to outline your options. If, on the maturity date, we have not received a reinvestment instruction from you or there are no products available for reinvestment, we will repay the principal deposit and interest into your nominated bank account.


Additional information

Tax information

We do not currently deduct tax from any interest paid to you. Tax benefits depend on individual circumstances and could change in the future.

Key documents

We recommend reading the information in the documents below before you apply. You may like to save or print them so you can refer to them in the future.

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