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1 Month Fixed Rate Account/Bond

With £1,000 or more to deposit for periods of up to 1 month, you can earn interest by placing funds in a 1 Month Fixed Rate Account.

No withdrawals are permitted on an account after the initial deposit. You can however invest in as many fixed rate accounts as you like.

The interest can be credited to the account or transferred to your external bank account from which the funds originated.

Up to 0.15%

Gross Rate* - interest paid annually and compounded for balances £250,000+

Up to 0.15%

Gross Rate* - interest paid annually and compounded for balances £1,000+

Apply By Post

1 Month Fixed Rate Account/Bond Summary

Account Name
1 Month Fixed Rate Account/Bond.
What is the interest rate?
0.15% Gross Rate* - interest paid annually and compounded§ for balances of £1,000+.
0.15% Gross Rate* - interest paid annually and compounded§ for balances of £1,000+.
How do I open and manage my account?
You can open your account by post. You can manage your account by post, telephone or email. The minimum deposit for a Fixed Rate Account is £1,000.
What would the estimated balance be after 12 months based on a range of deposits?
£1,000+ £1,015.00
£250,000+ £250,375.00
Assumes interest is compounded and paid annually. This is for illustrative purposes only as the account will mature one month from opening.
Can I withdraw money?
Not until maturity of the account.
Additional Information
If you're looking for any other type of account such as a business account, joint account or charity account, you can apply using our application form, which you can download or request from our Customer Services Team.

How to apply

The rate applicable on your account will depend upon the initial deposit. Select from the options below.

Balance
Gross*
AER†
Interest paid £250,000+
Gross* 0.15%
AER† 0.15%
Interest paid £1,000+
Gross* 0.15%
AER† 0.15%

Applying offline

You can apply for this account by post by downloading the application form below

By Post

Hodge Bank, One Central Square, Cardiff, CF10 1FS.

Apply By Post

Not the product for you?

Why not browse our range of other accounts to see which might suit you best.

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Glossary of Terms

*Gross
Is the contractual rate of interest payable before the deducation of income tax at the rate specified by law. The payment can be made annually or monthly.

†AER
AER stands for Annual Equivalent Rate and illustrates what the interest rate would be if paid and compounded each year.