Can the interest rate change?

If you have a Fixed Term Savings account, the interest rate is set for the entire Fixed Term – so you know exactly how much interest you’ll earn.

At the end of your term, we’ll move your savings into a holding account. While in the holding account, your savings will earn interest at a significantly lower rate, until you’re ready to withdraw.

The interest rate for savings inside the holding account is variable so can change over time.