1 Year Fixed Rate Account

TermInterest Rate (AER)Gross InterestMinimum/ Maximum
Term1 YearInterest Rate (AER)4.55%Gross Interest4.45% Minimum/ Maximum£ 1000 /
£ 100000

Interest is calculated daily and paid monthly or annually. You can choose to have your interest paid to your Savings Account (on a simple interest basis) or your nominated UK bank or building society account.

AER stands for annual equivalent rate and illustrates the interest rate if it was paid and compounded once each year.


Can StreamBank change the interest rate?

No, the interest rate is fixed and will not change for the term.


What would the estimated balance be after 12 months based on a £1000 deposit?

A deposit of £1000 at an annual Annual Equivalent Rate of 4.55% would generate an estimated balance of £1045.5 in one year.


(The examples assume that no further deposits or withdrawals are made, and that interest earned is paid to this account annually. These are only examples and do not take into account your individual circumstances.)


How do I open and manage my account?

  • To open an account, you need to be aged 18 years or over, resident in the UK and only tax resident in the UK.
  • The maximum number of account holders for this account is two.
  • You can open and manage your account online. We will accept instructions in relation to the account through our Online Banking Service.
  • The minimum deposit required to open this account is £1000.
  • The maximum balance for this account is £100000.

Can I withdraw money?

  • No withdrawals are allowed before the maturity date.
  • In exceptional circumstances we may permit a withdrawal from the account without the required maturity date but this is at our discretion, subject to evidence we will request, and we are not obliged to do so.
  • Your money can be returned to your nominated bank account.

What happens at maturity?

  • We will contact you at least 28 days before your account matures detailing your options and enabling you to give us your maturity instructions.
  • If you do not advise us of your maturity instructions at least two days before the maturity date, your account will transfer into a Maturity Saver Account until instruction is received.

Additional Information

  • Interest is paid gross without the deduction of income tax.
  • If you change your mind within 14 days of opening your account, we will cancel your account without penalty or notice.