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 - £120,000 are payable of 4.5% AER

• Maximum total savings with Northern Community Bank must not exceed £120,000

• 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 £120,000. 

• 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. 

• Deposits held within this account, do not qualify for the Bereavement Fund.

• 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 working days before the maturity date, the funds and any interest will be transferred to an 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 £120,000 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 here .

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

We will contact you when your application has been processed.