Earn 3.75% AER with the Moneybox 1 Year Fixed Rate
Lock in your savings and earn the same great rate, fixed for a year.
Grow your money with daily interest from your first deposit until your fixed term ends.
Open an account in minutes and join over 1.5 million people saving with Moneybox.
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What is a fixed rate?
A fixed rate is a type of savings account where you can earn a fixed interest rate over a set period of time in exchange for locking in your money.
With Moneybox you can open a 1 Year Fixed Rate and earn 3.75% AER on your savings.
Fixed for your future
Forget fluctuating interest rates - earn the same great rate on your savings, fixed for a year.
Grow your money with daily interest from your first deposit until your fixed term ends..
Save for all your goals and fix your rate again - there’s no limit to how many fixed rates you can have open with Moneybox.
What else should I know?
Your money is locked in, meaning you won’t be able to make any withdrawals after your first deposit, or add any more funds once the fund by date has passed. Money that you save in a Fixed Rate should be money that you don’t expect to need again for the entire term.
The 1 Year Fixed Rate is a cash management service provided by Moneybox. It is important to understand that Moneybox is not a bank, and as a result this savings product does not work in the same way as a typical savings bank account. Your funds are FSCS protected and held on bare trust by Moneybox, which deposits your money with one or more banks from a panel of third party banks.
Everything you need to know
If you have any questions, chat to us in the app or email us via support@moneyboxapp.com.
What's the account name?
1 Year Fixed Rate
What's the interest rate?
3.75% AER fixed.
Interest is calculated daily and paid at the end of the product term, rounded down to the nearest penny.
Can the interest rate change?
No – the interest rate is fixed for the duration of the product term.
Moneybox does not charge a service fee for savings products. We do not keep any interest, but we may receive a fee from the third -party banks where your money is deposited.
What would the estimated balance be after 12 months based on a £1,000 deposit?
Estimated balance after 12 months - £1,037.50
This assumes that:
The product is opened with £1,000 on the final day of the funding window.
No further deposits or withdrawals are made.
The interest rate stays the same for the full 12 months.
How do I open and manage my product?
The product is available to UK residents aged 18 or over.
You may only open and manage the product via the Moneybox app.
You may make payments into the product via manual bank transfer, which are arranged directly with your bank.
Joint accounts are not allowed.
Can I withdraw money?
You can only withdraw money at the end of the product term, at least one year after your initial deposit(s).
At the end of the product term, you’ll need to decide what to do with your money. We’ll contact you before your ‘Access date’ with your available options. For any withdrawal instructions received:
We will return the money to your linked bank account within one Business Day.
You will not earn any further interest on money while it is sent to you.
Money cannot be withdrawn sooner than the ‘Access date’ shown in the Moneybox app.
Moneybox guide to saving
It's important you know
Deposits made to a 1 Year Fixed Rate cannot be withdrawn until the end of the fixed term. There is no ‘cooling off’ period.
% AER (annual equivalent rate) is the rate you will earn after a year, including compounding. The interest rate is fixed.