1 Month Fixed Rate Account/Bond

If you would like to earn interest on your savings for 1 month the 1 Month Fixed Deposit Account may suit you.

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

You can add further funds, as long as they come from the same bank account as the original deposit.

Up to 0.10%

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

Up to 0.10%

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

Apply By Post

Protecting your money

Your eligible deposits with Hodge Bank are protected up to a total of £85,000 by the Financial Services Compensation Scheme.

1 Month Fixed Rate Account/Bond Summary

Account Name

1 Month Fixed Rate Account/Bond.

What is the interest rate?

0.10% Gross Rate* - interest paid annually and compounded^§ for balances of £250,000+.
0.10% Gross Rate* - interest paid annually and compounded^§ for balances of £1,000+.

Can Hodge Bank change the interest rate?

No, the rate is fixed.

What would the estimated balance be after 12 months based on a range of deposits?

£1,000+	£1,001.00
£250,000+	£250,250.00

Assumes interest is compounded and paid annually. This is for illustrative purposes only as the account will mature one month from opening.

How do I open and manage my account?

You can open your account by post. You can manage your account by post, telephone and email. The minimum deposit for a 1 Month Fixed Rate Deposit Account is £1,000.

Can I withdraw money?

Not during the term of the product.

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* 0.10%

AER† 0.10%

Interest paid £1,000+

Gross* 0.10%

AER† 0.10%

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

Customer Service Team

0800 028 3746 deposits@hodgebank.co.uk

Our Customer Service Team is available
Monday 9am - 5pm, Tuesday 9am - 5pm, Wednesday 9.30am - 5pm, Thursday 9am - 5pm, Friday 9am - 5pm

FAQs

AER stands for Annual Equivalent Rate. It shows the rate of interest a saver will receive over a year, on the assumption that the cash is left in the account for the full year without any withdrawals.

Compound interest is interest paid on the initial principle as well as the accumulated interest on money you have invested. You earn interest on the money you deposit, and on the interest you have already earned

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.

§Compounded interest and interest paid away
Compounded interest is interest that rolls up annually and is paid on maturity of the account. Interest paid away means the interest isn’t compounded over the term of the account. It is placed into a designated current account every month

Not the product for you?

Why not browse our range of other non-personal accounts to see which may suit you best

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Savings Accounts