FSCS Protection
Covered up to £120,000.00 per person if Oaknorth Bank fails.
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Fixed-Rate Bond · United Kingdom
Oaknorth Bank
2 Year Fixed Term Deposit
4.40%
AER · fixed rate
- Min. Deposit
- £1,000.00
- Term
- 2 years
- Protection
- FSCS Protection
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What £25,000.00 Earns You
At 4.40% AER over 2 years. Take the interest once a year, or leave it in to compound.
| You Deposit | £25,000.00 |
|---|---|
| Paid Once a Year | £1,100.00 |
| Total Interest | £2,200.00 |
| Balance at the End | £26,100.00 |
Each £1,100.00 interest payment is paid to you directly, and £2,200.00 is what they add up to over the term. The figure at the end is your initial investment of £25,000.00 paid back plus your final interest payment.
| You Deposit | £25,000.00 |
|---|---|
| Total Interest | £2,248.40 |
| Balance at the End | £27,248.40 |
No interest is paid out to you during the investment period, so your final return will include your initial investment of £25,000.00 plus £2,248.40 interest.
Where You Stand
Product Details
- Type
- Fixed-Rate Bond
- Term
- 2 years
- How Interest Is Paid
- Once a year Left to compound
- Min. Deposit
- £1,000.00
- Protection
- FSCS Protection
- Coverage
- £120,000.00
- Region
- United Kingdom
Eligibility & Details
- UK only (FSCS).
- 2-year fixed.
Happy Saver is a comparison site, not a financial adviser. Figures use a £25,000.00 example at 4.40% over 2 years, compounded annually where shown. Confirm all terms with Oaknorth Bank before you commit.
4.40%
AER fixed
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