With £1,000 or more to deposit for periods of up to one month, you can earn interest by placing funds in a 1 Month Fixed Rate Account.

No withdrawals are permitted on an account after the initial deposit. You can however invest in as many fixed rate accounts as you like.

The interest can be credited to the account or transferred to your external bank account from which the funds originated.

Gross p.a. for balances
Gross p.a. for balances

How to apply

The rate applicable on your account will depend upon the initial deposit. Select from the options below.

Balance Gross AER*
Balance Gross AER* Download application forms
Balance Gross* AER† Download application forms
Summary Box, Key Product Information for our Savings Account(s)
Account name 1 Month Fixed Rate Account
What is the interest rate? Gross p.a. for balances .
Gross p.a. for balances .
Can Hodge Bank change the interest rate? Not during the term of the product.
What would the estimated balance be after 12 months based on a range of deposits?

Assumes interest is compounded and paid annually at each anniversary. This is for illustrative purposes only as the account will mature one month from opening.

How do I open and manage my account? You can open your account by post. You can manage your account by post or telephone. The minimum deposit for a Fixed Rate Account is £1,000.
Can I withdraw the money? Not until maturity of the account.
Additional Information If the total amount of interest you earn exceeds your Personal Savings Allowance then you may have to pay tax directly to HMRC. For more information visit www.gov.uk and search 'Personal Savings Allowance'.

Apply for a new account

If you’re looking to open a new fixed rate savings account you can download an application form or call us on 0800 028 3746.

Not the product for you?

Why not browse our range of other accounts to see which might suit you best.

* Gross is the contractual rate of interest payable before the deduction of income tax at the rate specified by law. The payment can be made annually or monthly.

† AER stands for Annual Equivalent Rate and illustrates what the interest rate would be if interest were paid and compounded once each year.