What’s a Fixed Term Saver Holding account?

Updated 3 months ago

When the fixed term on your Fixed Term Savings account comes to an end, your money will be automatically transferred to a Fixed Term Saver Holding account — you’ll see this account on your dashboard.  

Your holding account is designed to temporarily hold your money until you withdraw it or put it into a new Fixed Term Savings account. This account is FSCS protected up to £85,000 and pays you a variable rate of interest.

Just so you know, the interest on your holding account is much lower than what you were earning on your Fixed Term Savings account. Your holding account will close automatically when you close your Fixed Term Savings account.  

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