Before you apply
- No withdrawals until the end of the term.
- The term is 1 year.
What you'd earn in a year
If you save
- Interest at 4.99% AER on up to £1,000,000
- £250.00
- About
- £250.00
Before tax: about £250 a year on £5,000. Information only, not a recommendation.
Is my money safe?
Backed by HM Treasury — 100%, no limit.
Legal name: National Savings and Investments (HM Treasury backed).
How NS&I protects your money ↗ (opens in a new tab)Key facts
Money in and out
- Minimum deposit
- £500
- Maximum
- £1,000,000
- Withdrawals
- No withdrawals until the end of the term
- Manage
- Online
Interest
- Rate
- 4.99% AER fixed
- Gross rate
- 4.88%
- Interest paid
- Monthly
- Where it goes
- Interest is paid out to another account.
- Term
- 12 months
Source: nsandi.com · Last verified 17 Oct 2026, 12:18 UK time
Rate history
We started tracking this account on 14 Oct 2026. Further changes will show here.
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