With £1,000 or more to deposit for periods of up to four years, you can earn interest by placing funds in a 4 Year 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.
Please note, If you are applying for, or looking to manage a Power of Attorney account it cannot be opened online.
For this account you can download an application form from our website here, or call our Customer Service team on 0800 028 3746 and we will send it to you.
How to apply
You can choose if you wish to receive your interest monthly, or annually from your account. Select from the options below.
|Account name||4 Year Fixed Rate Account|
|What is the interest rate?||
Gross p.a. for annual payment.
Gross p.m. for monthly payment.
|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 £1,000 deposit?||
Assumes interest is compounded and paid annually at each anniversary.
|How do I open and manage my account?||You can open your account online or 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 in just 9 minutes…
If you’re looking to open a new fixed rate savings account, you can apply online in just 9 minutes. Alternatively, you can download an application form or call us on 0800 0283746.
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.