Fixed Saver Account

Helping you save securely

This January you can benefit from a guaranteed return of 5% AER by opening the latest Fixed Saver account from Serve and Protect.

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Fixed Saver Account

Helping you save securely

With a Fixed Saver from Serve and Protect, you can enjoy a guaranteed return. This account is available every few months so keep an eye on this page for the next launch date!

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fscs_logo

Serve and Protect: Your partner for fixed savings

At Serve and Protect, we want to help our members save securely with our Fixed Saver account. You can lock your money away for a fixed term and earn a guaranteed return. There are no early withdrawals, no fees and our online application process is easy to follow. Keep an eye on this page to find out when you can next apply!

Why choose our Fixed Saver account?

There’s a host of benefits to be had from our Fixed Saver product, including: 

No fees

There are no fees or charges associated with opening a Fixed Saver account.

Guaranteed Returns

You will receive a fixed interest rate for a 12-month term, giving you the certainty of knowing your earnings in advance.

Help Others

By saving with us, you’ll be making a positive impact on the lives of those who serve and protect .

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fixed_saver

Serve and Protect: Your partner for fixed savings

At Serve and Protect, we want to help our members save securely with our Fixed Saver account. You can save between £1,000 and £10,000 for a fixed term of 12 months with a guaranteed return of 5% AER. There are no early withdrawals, no fees and our online application process is easy to follow.

Why choose our Fixed Saver account?

There’s a host of benefits to be had from our Fixed Saver product, including: 

No fees

There are no fees or charges associated with opening a Fixed Saver account.

Guaranteed Returns

You will receive a fixed interest rate of 5% AER for a 12-month term, giving you the certainty of knowing your earnings in advance.

Help Others

By saving with us, you’ll be making a positive impact on the lives of those who serve and protect .

fixed_saver
fixed_saver
fixed_saver

How our Fixed Saver account works

It’s never been easier to open a Fixed Saver account.

1

Apply online

Our simple application process can be completed in just a few minutes. The date for when our next Fixed Saver will be launched will be announced soon!

2

Deposit your money

Once you’ve applied, our team will set your account up so you can deposit  your money. You will have a set period for when you can deposit funds.

3

Count on your interest

After a fixed period of time, your interest will be paid into your account, so you can make the most out of your investment.

How our Fixed Saver account works

It’s never been easier to open a Fixed Saver account.

1

Apply online

Our simple application process can be completed in just a few minutes. Existing members can apply throughout January 2024. If you are not a member, you can still apply, but will need to do so by the 26th of January 2024.

2

Deposit up to £10,000

Once set up, you can deposit any amount between £1,000 and £10,000. You will be able to deposit until the end of January 2024.

3

Count on your interest

Your account will mature the 31st of January 2025, which is when your interest will be paid and you can make the most out of your investment.

Frequently Asked Questions

The interest rate will remain unchanged throughout the entire duration of your ‘Fixed Saver’ term. You can count on it! Interest is calculated on a daily basis, and the annual interest will be paid on the specified maturity dates below. We’re here to make sure you get the most out of your investment!

The Fixed Saver allows you to earn a guaranteed interest rate when you keep your funds in the account for the entire 12-month term. Please note that withdrawals are not permitted during this time. If you think you might need access to your funds within the term, this may not be the best option for you.

When you save monthly with deductions from your salary, please keep in mind that the deductions are taken after taxes and any other pre-tax deductions.

You might need to pay tax on the interest or dividend you receive from your savings accounts with us. This will depend on your personal financial situation. For more information, please visit https://www.gov.uk/apply-tax-free-interest-on-savings

Rest assured, all our savings products are protected by the UK’s Financial Services Compensation Scheme (FSCS), guaranteeing your savings up to £85,000. Any deposits exceeding the current limit are not covered. For additional details about the FSCS, please visit www.fscs.org.uk

To open a Fixed Saver account, you’ll need to become a member of our credit union and save a minimum of £10 per month in our Regular Saver account. If you are not already a member, make sure to get your application in before our next Fixed Saver launch, so you don’t miss out! Our friendly support team will assist you in the process of joining.

The Fixed Saver is currently not available to apply for. We will let you know when it will be back as soon as we can. In the meantime, why not check out our other savings accounts. We’re here to help you every step of the way!

Frequently Asked Questions

The interest rate will remain unchanged throughout the entire duration of your ‘Fixed Saver’ term. You can count on it! The annual interest will be paid on the 31st of January 2025. We’re here to make sure you get the most out of your investment!

The Fixed Saver allows you to earn a guaranteed interest rate of 5% AER when you keep your funds in the account for the entire 12-month term. Please note that withdrawals are not permitted during this time. If you think you might need access to your funds within the term, this may not be the best option for you.

When you save monthly with deductions from your salary, please keep in mind that the deductions are taken after taxes and any other pre-tax deductions.

You might need to pay tax on the interest or dividend you receive from your savings accounts with us. This will depend on your personal financial situation. For more information, please visit https://www.gov.uk/apply-tax-free-interest-on-savings

Rest assured, all our savings products are protected by the UK’s Financial Services Compensation Scheme (FSCS), guaranteeing your savings up to £85,000. Any deposits exceeding the current limit are not covered. For additional details about the FSCS, please visit www.fscs.org.uk

To open a Fixed Saver account, you’ll need to become a member of our credit union and save a minimum of £10 per month in our Regular Saver account. Don’t worry if you’re not a member yet – you can still complete our Fixed Saver application, and our friendly support team will assist you in the process of joining.

To get a Fixed Saver account, simply fill out the form below. We’re here to help you every step of the way!

Mark Your Calendar

Our Fixed Saver is currently not available for application. But don’t worry, we’ve got you covered. Check out the countdown below to stay updated on when you can apply next. Stay tuned!

How to apply?

To open a Fixed Saver account, you must be an existing member of the credit union. If you are not already a member, you can still apply and our team will guide you through becoming one. To view the Fixed Saver terms and conditions click here.

Archived Rates

Below, you’ll find an archive of the Fixed Saver rates we’ve paid, allowing you to easily track what was provided and when.

Effective periodAmount depositedAnnual interest rates
01.02.2024 - 31.01.2025£1,000 - £10,0005.00% / 5.00% AER / gross
01.11.2023 - 31.10.2024£1,000 - £10,0004.50% / 4.50% AER / gross
01.08.2023 - 31.07.2024£1,000 - £10,0005.00% / 5.00% AER / gross
01.05.2023 - 30.04.2024£500 - £5,0003.50% / 3.50% AER / gross
01.11.2023 - 27.10.2023£500 - £5,0003.04% / 3.00% AER / gross

Other Products

Find out more about our other products and how they can help