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!

Guaranteed savings returns

This May you can benefit from a guaranteed return of 4.25% AER by opening the latest Fixed Saver account from Serve and Protect.

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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!

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 4.25% 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 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.

Free life cover

If the worst should happen while you are a member of Serve and Protect, we’ll match the first £25,000 saved and your family will receive the total amount.

How our Fixed Saver account works

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

Apply online

Our simple application process can be completed in just a few minutes. Existing members can apply throughout May 2024. If you are not a member, you can still apply, but will need to do so by the 29th of May 2024.

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 May 2024.

Count on your interest

Your account will mature the 31st of May 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! 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!

All our savings accounts include free life cover up to £25,000 (up to the age of 65). This means, should the worst happen, your savings could be doubled up to the first £25,000, allowing you to support your family when they need it most. 

The free life cover benefit is subject to the terms and conditions of Serve and Protect Loan Protection and Life Savings policies, arranged by CMGL and underwritten by Covea Life Ltd. Note that this protection is a benefit of membership provided at no extra cost to the member. The Credit Union is the policyholder for Loan Protection and Life Savings.

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 May 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 4.25% 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. Click the button below to set a reminder to apply when it’s next available! 

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.

Product referenceEffective periodAnnual interest rates
Issue 5 (12 Months)01.06.2024 - 31.05.20254.25% / 4.25% AER / gross
Issue 4 (12 Months)01.02.2024 - 31.01.20255.00% / 5.00% AER / gross
Issue 3 (12 Months)01.11.2023 - 31.10.20244.50% / 4.50% AER / gross
Issue 2 (12 Months)01.08.2023 - 31.07.20245.00% / 5.00% AER / gross
Issue 1 (12 Months)01.05.2023 - 30.04.20243.50% / 3.50% AER / gross
Issue 1 (6 Months)01.05.2023 - 27.10.20233.04% / 3.00% AER / gross

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