Fix your savings. Grow your future.

Terms and Conditions.

• Interest payable for a one-year Fixed Term Savings is described below: 

- Deposits between £5,000 - £19,999 are payable of 4% AER 

- Deposits between £20,000 - £85,000 are payable of 4.5% AER

• Maximum total savings with Northern Community Bank must not exceed £85,000

• The fixed term is for a period of one year. The account matures one year after the date the deposit was made.  Interest will be paid the month following maturity.

• This Fixed Term Savings account is available to new and existing account holders of Northern Community Bank.

• Minimum deposit in the Fixed Term Savings account is £5,000 and the maximum is £85,000. 

• A further deposit of £1 is required in Long Term Savings to keep your Northern Community Bank account open 

• Northern Community Bank does not deduct income tax at source, therefore the member is responsible for declaring interest to HMRC. 

• Account holders cannot use the funds in a Fixed Term Savings to set against any loan.

• No withdrawals, transfers out or closures will be permitted before the maturity date.  

• Northern Community Bank reserves the right to close this product at any time.

• This account does not qualify for a share of the profits

• If Northern Community Bank is not advised of maturity instructions at least two days before the maturity date, the funds will be transferred to instant access account. 

• If you change your mind within 14 days of opening your account, we will cancel your account without penalty or notice.

• Your eligible deposits with Northern Community Bank are protected up to a total of £85,000 by the Financial Services Compensation Scheme (FSCS), the UK’s deposit guarantee scheme. For further information about the compensation provided by the FSCS, refer to the FSCS website at www.fscs.org.uk.

• Please also refer to the general terms and conditions of Northern Community Bank

We will contact you when your application has been processed.