Plan for the future with confidence. Set money aside for a year in just a few taps, and earn 5.53% AER/gross interest in a Fixed Saver.
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 guaranteed return of 5.53%. 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 5.53% 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. Already a Starling customer? Open a Fixed Saver in a few taps, from the Spaces tab of your app: no long application forms, no hassle. 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.
Fixed Savers are not currently available to all customers. If it is available to you, then you will be able to open a Fixed Saver in the Spaces section of your app or via the Online Bank.
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.
Starling customer already? Open a Fixed Saver from your app in minutes:
Fixed Savers are not currently available to all customers. If it is available to you, then you will be able to open a Fixed Saver in the Spaces section of your app or via the Online Bank.
Read terms and conditions.
Read key information in our summary box.
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.
Choose how much to put aside. We’ll transfer the money from your main balance. The minimum deposit per Fixed Saver is £2,000, and the maximum is £1,000,000.
Remember, your money is locked away for a year, and you won’t be able to access it. Ready? Just tap to confirm. It’s that easy!
New to Starling? You’ll need our award-winning current account to open a Fixed Saver. It only takes a few minutes to apply, and it’s done entirely from your phone. Then, just follow the steps above to open a Fixed Saver.
| Value after one year | Interest earned | Interest rate (AER) |
|---|---|---|
| £2,110.60 | £110.60 | 5.53% |
Fixed Gross/Annual Equivalent Rate (AER): 5.53%
These calculations are for illustrative purposes only. Terms and conditions apply.
Did you open a Fixed Saver prior to 09:59 on 21 September 2023?
Click here for the summary box for 3 August 2023 to 09:59 21 September 2023.
Click here for the summary box for 15 December 2022 to 2 August 2023.
Dates are inclusive.
Applicable to Fixed Savers entered into from 10:00 on 21 September 2023
1-Year Fixed Saver
Gross/Annual Equivalent Rate (AER): 5.53%
Interest is calculated every day, and paid at the end of the term.
No, the interest rate will stay the same for the full one year term.
Interest rate (AER): 5.53%
Balance after one year: £2,110.60
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.
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 open and manage your Fixed Saver in Online Banking or the Starling app.
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.
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.
