Our Fixed Saver

Fixed Saver offers the peace of mind of a fixed interest rate for a set amount of time, such as 1,2 or 3 years (known as a term). The interest rate is guaranteed for the whole term.

You can’t make withdrawals from a Fixed Saver account, but there is a 14 day cooling off period should you change your mind about the product.  After that, your money is locked away for the whole term. You can make unlimited deposits within the first 14 calendar days from the date we receive your application.

Fixed Saver can be opened in single or joint names. You can also open a Fixed Saver on behalf of someone else, either under a Power of Attorney or as a Deputy for someone deemed incapable of making their own financial decisions.

You need to be aged 16 or older to apply for a Fixed Saver product.


As Fixed Saver is a fixed rate product with a set term there is no right to cancel or make withdrawals after the initial 14 day cooling off period. Please make sure you’re happy with the product and the interest rate before you apply.

Your right to cancel

You can cancel your Fixed Saver within the first 14 calendar days of opening should you decide it’s not for you.  You will need to inform us via secure message or by calling us.

Minimum deposit and maximum balance

The minimum deposit for Fixed Saver is £500. You can make unlimited deposits in the first 14 calendar days from the date we receive your application up to a maximum of £2,000,000.

Interest earned on your Fixed Saver

From the day we receive your initial deposit, your Fixed Saver will earn interest daily, based on the balance at the end of each day and calculated as 1/365th of the annual rate.
Interest can be paid annually or monthly on the anniversary date of your initial deposit.

If your Fixed Saver term is equal to a whole year (for example 1-year or 2-year), your interest can be paid into:

  • the same Fixed Saver where it’s earned
  • any other Ford Money savings account you hold
  • your Nominated Account

For terms that aren’t equal to a whole year (say, 6 or 18-month terms), we’ll pay interest into the same Fixed Saver where it’s earned.

Interest due dates

If you have selected for your interest to be paid to your Nominated Account and if the interest due date is a non-business day (Saturday, Sunday and Bank Holidays), we’ll send your interest payment via BACs on the next business day.
If the anniversary date falls on February 29th, we’ll pay your interest on February 28th, except in leap years when we will pay it on February 29th itself.

Our current Fixed Saver range

Click here to see details of the Fixed Saver terms currently available.

When your Fixed Saver matures

As your Fixed Saver approaches maturity, we’ll send you an email around a month before it matures, and another 14 days before the end of the term. Each will explain that you need to log in to see the maturity options that are available to you. You’ll normally have the option to:

  • Withdraw your savings
  • Re-invest in another Ford Money Fixed Saver
  • Re-invest in a different Ford Money product
  • Create a combination of any of the above

If you forget to select a maturity option

If we don’t hear from you, and we’re offering another term of a similar length, we’ll transfer your funds into this new term on the maturity date. Of course, we’ll tell you about this and you’ll have the 14 calendar day Right to Cancel, if you decide you wish to cancel the new account following the maturity date.

Account maturity and outstanding interest

Any outstanding interest can be credited to the account of your choosing. This could be either into your Nominated Account or another Ford Money account.

Interest paid to your Nominated Account will be sent to your account on the maturity date (or the next working day where the maturity date is on a weekend or Bank Holiday). If your account matures over the weekend or on a Bank Holiday, and you're transferring some, or all, of your savings to your Nominated Account, you'll earn additional interest for these days. This will be included in the amount we transfer on the next working day.

Withdrawals from a Fixed Saver before the term ends

The Fixed Saver product is designed to be held for the entire term you applied for.

Account closure is only allowed within the first 14 calendar days of account opening.

There are two situations where we allow withdrawals or terminating early:

  • after a Fixed Saver account holder dies – either where the account was held only in his or her name, or where he or she was the last surviving holder of an account that was held jointly with someone else
  • if we make any change to this agreement that is to your disadvantage


Fixed Saver explained

Discover more about our Fixed Saver with this short product overview video.

Help Articles


Saving With Ford Money

How to open and manage accounts, deposit information, Nominated Account, passwords, your Customer ID - and a guide to tax and savings.


Opening an account

Opening/managing joint accounts

FATCA and CRS (for non-UK only Tax residents)

Savings and the Personal Savings Allowance

Making a deposit

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The Basics

Information on our opening times, contacting us, online security, what to do if you have a complaint - and more.


How to contact us

Our relationship to Ford Motor Company

Your privacy rights

Staying safe online

If you have a complaint

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About Our Products

This section covers the ins and outs of all our products including deposits, balances, terms, withdrawals and more.


Our Flexible Saver

Our Fixed Saver

Our Flexible Cash ISA

Our Fixed Cash ISA

More about our ISAs

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Online Account Management

Run your Ford Money account: from changing interest frequency and making withdrawals, to login troubleshooting and customising your account.


Accessing your account

Managing your account

Changing your Nominated Account

Managing your personal details

How to review and select your maturity options

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