Apply for an award-winning current account, then apply for a Fixed Saver in just a few taps to earn 4.05% AER/gross interest.
Saving for a big future purchase? Or have spare cash you won’t need to dip into for a while?
Lock any amount from £2,000 up to £1,000,000 into a 1-Year Fixed Saver, and we’ll reward you with a return of 4.05%. A Fixed Saver is managed from the Spaces section of the app, but remember: you won’t be able to access your money for one year.
Covered by the Financial Services Compensation Scheme, up to £85,000 across all your Starling accounts.
Secure. Fix a rate of 4.05% interest, and know exactly how much you’ll save by this time next year. With Starling, your money is covered to £85,000 by the FSCS across all accounts.
Easy. Once you have a Starling account, apply for a Fixed Saver in a few taps, from the Spaces tab of your app. Not a customer yet?
Tidy. No more juggling multiple bank accounts. Fixed Savers, Saving Spaces, your day-to-day spending and more: it’s all managed from one seamless app.
You can’t top a Fixed Saver up once it’s been opened, but you can have multiple Fixed Savers at once. There’s a minimum deposit of £2,000 for each.
But just to be clear: your funds will be locked away for a year; you won’t be able to access this money. Make sure you’re covered for unexpected circumstances by keeping some money aside with easy access in regular Saving Spaces.
Read key information in our summary box.
New to Starling? You’ll need our award-winning current account to apply for a Fixed Saver. It only takes a few minutes to apply, and it’s done entirely from your phone. Then, you can apply for a Fixed Saver in the Starling app.
Apply for a Fixed Saver from your app in minutes
Head to Spaces, then choose Fixed Saver from the list of Space types. You may need to tap Show Options at the top to see them.
Fill in a short application and tell us how much to put aside. The minimum deposit per Fixed Saver is £2,000, and the maximum is £1,000,000. Bear in mind you can’t change this amount or add to it once your Fixed Saver is open.
If approved, we’ll transfer the money from your main balance to your Fixed Saver. Remember, your money is locked away for a year, and you won’t be able to access it.
Applicable to Fixed Savers entered into from 10:00 on 19 September 2024
Account name
1-Year Fixed Saver
What is the interest rate?
Gross/Annual Equivalent Rate (AER): 4.05%
Interest is calculated every day, and paid at the end of the term.
Can Starling change the interest rate?
No, since these are fixed rate savings, the interest rate on your Fixed Saver will stay the same for the full one year term.
What would the estimated balance be after 1 year based on a £2,000 deposit?
Interest rate (AER): 4.05%
Balance after one year: £2,081.00
The estimated balance is based on £2,000 deposited into your account on the first day of your account opening. The estimated balance assumes interest will be added to the account balance at the end of the term.
This estimation is provided for illustrative purposes only.
How do I open and manage my Fixed Saver?
To open a 1-Year Fixed Saver:
You will also need to pay in a minimum deposit of at least £2,000.
You can hold up to a maximum deposit of £1,000,000 across all the Fixed Savers you may have.
You can apply for and manage your Fixed Saver in Online Banking or the Starling app.
Can I withdraw money?
No, you can’t move your money until the end of the one year term.
We’ll contact you before your fixed term ends to explain what happens at the end of the term.
Additional information
You can cancel your Fixed Saver within the first 14 days of opening it and we’ll return your money without interest.
The Annual Equivalent Rate (AER) shows how much interest you'll earn after a whole year.
We pay ‘gross’ interest, which means we don’t deduct any tax you might owe. You may benefit from a Personal Savings Allowance that varies depending on your other sources of income. Further information can be found here: https://www.gov.uk/apply-tax-free-interest-on-savings
You can access a tax certificate statement in the app and may need to declare the interest you earn on this product in your self-assessment tax return.
The tax treatment is dependent on your individual circumstances and may be subject to change in the future.
