Fixed Savings Account

One-Year Fixed Rate Savings Account

Step up your savings with our One-Year Fixed Rate Savings Account and earn interest of 5.00% AER! Deposit between £500 - £5,000! DEPOSIT DEADLINE 31ST JULY 2024!

With our One-Year Fixed Rate Savings Account, you can put your money to work while knowing how much interest it will earn. Simply deposit between £500 and £5,000, and prepare to earn fixed-rate interest of 5.00% AER.

How do I open my account

Simply download and complete our application from in the link below, stating how much you wish to save, then send back to our finance team at with the requested information and documents.

Our team will then get back to you with confirmation of the account set up and any guidance you need.  Its as simple as that!

Not a member? Join us today!

Interest Rate

Interest Rate

Fixed Interest of 5.00% AER

Minimum deposit £500

Minimum deposit £500

Deposit from £500 to £5,000 only

Term 12 months

Term 12 months

Earn interest from 1st August 2024 to 31st July 2025

Deadline to deposit

Deadline to deposit

Deposits must be in place before 31st July 2024

Terms and Conditions

  • Open to new and existing members
  • Must be 18+ years of age
  • Fixed Term runs for 12 months - accounts open from 1st August 2024 to 31st July 2025
  • Interest paid on redemption of fixed term savings account
  • No interest will be paid if savings account is withdrawn within the 12 month period
  • Deposits of between £500 and £5,000 only
  • Interest paid is Gross 5 AER%
  • Tax to be paid by member
  • Deposits must be in place by 31st July 2024
  • Our One Year Fixed Term Account is a limited offer and may be withdrawn prior to 1st August 2024

Remember, you won't be able to access your money until the term is over because it is locked away.

Fixed Rate Savings FAQs

Have a question? Check below to see if it is answered in our Frequently Answered Questions.

How do I become a member

Download our Mobile App on the App Store or Google Play Store, click the Join button and follow the steps to become a member.

Are there any membership fees?

Every member of Cambrian Credit Union must keep £5 in their share account at all times. An annual membership fee of £3 taken on the anniversary of joining the credit union.

Fee increases from September 1st 2024 - find out more here

Can the interest rate change?

No, the interest rate is fixed when the account is opened and will stay the same until the product term ends.

Can I withdraw money from my fixed rate account?

No withdrawals are allowed until the fixed term ends, unless there are exceptional circumstances. If you need to withdraw early, then you will lose the interest earned.

What will happen to my money at the end of the term?

Your account maturity date is based on your product term and account opening date. All funds and interest will be returned to the members main share account at the end of the term.

Are my savings safe?

Yes. As a member of the Government-backed Financial Services Compensation Scheme, your total savings are protected up to the value of £85,000.

Warning: Late repayment can cause you serious money problems. For help with your account please contact our team on 0333 2000 601 or visit For financial advice visit