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Starling Bank to launch its first Fixed Saver product offering 3.25%

15th December 2022

  • One year fixed term deposit

  • 3.25% AER/Gross interest rate* on balances of £2,000 - £1 million

  • Quick and easy setup - customers can open a 1-Year fixed savings Space in-app and instantly add funds

London, Thursday 15 December 2022: Starling Bank is today rolling out its first savings product offering a guaranteed return of 3.25% over one year on balances of £2,000 or more. The new Starling 1-Year Fixed Saver is built seamlessly into the Starling app for maximum visibility and control.

Starling personal current account customers can set up a 1-Year Fixed Saver within the Spaces section of the app in a matter of minutes. Funds can be transferred immediately from their main account balance to the savings space and cannot be accessed for one year.

When setting up a 1-Year Fixed Saver, customers will be able to see how much interest they will accrue on their savings over the full 12 months. They can also set up multiple 1-Year Fixed Savers at once.

Anne Boden, Chief Executive of Starling Bank, said: “Starling customers can start saving instantly and receive guaranteed returns with our introductory 1-Year Fixed Saver while getting a full picture of their personal finances all in one app.”

Notes to Editors:

Interest rate correct at time of publication. Up to date rates are available on Starling’s website.

*3.25% AER/Gross p.a. fixed for 12 months. Minimum deposit of £2,000; maximum of £1 million. Interest calculated daily and paid after 12 months on maturity. Available for Starling Bank personal current account customers only. A 1-Year Fixed Saver can be opened immediately on setting up and funding an account.

The fixed term starts on the day the money is deposited. Customers have the right to close the Fixed Saver within 14 days from the date of initial opening. Top-ups of individual Fixed Savers are not possible.

** Subject to availability. 1-Year Fixed Saver is a limited edition product, subject to an initial cap.

Deposits in Starling Bank Limited are protected by the Financial Services Compensation Scheme. Limit of protection: £85,000 per depositor per bank. All eligible deposits are aggregated and the total is subject to the limit of £85,000.

About Starling Bank

Starling Bank is an award-winning, fully-licensed and regulated bank built to give people a fairer, smarter and more human alternative to the banks of the past. It offers personal, business, joint, euro and dollar current accounts alongside a children’s card. Starling also provides a Software-as-a-Service (SaaS) proposition through its subsidiary Engine, using the proprietary technology platform that it uses to power its own bank. The Starling Marketplace offers customers in-app access to a selection of third party financial services. Headquartered in London, the bank has offices in Southampton and Cardiff.


Alexandra Frean, Chief Corporate Affairs Officer
+44 7973 668363

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