JN Bank Fixed Term Savings Accounts

  • Fixed Rate term deposits, from 1 to 5 years
  • The interest rate is fixed for the term
  • No early withdrawals
  • Interest rate is calculated daily, paid annually and at maturity into your fixed-term account
  • Minimum opening balance: £100
  • Customer limit of £500,000
  • View your savings account online whenever you want
  • Maximum 11 deposits: £500,000 total during first 14 days
Interest rate Term Deposit Withdrawals Interest Apply now
4.40% gross/AER fixed* 1 Year £100** minimum, maximum*** £500,000 None Calculated daily, paid at maturity Apply Now
4.40% gross/AER fixed* 15 Months £100** minimum, maximum*** £500,000 None Calculated daily, paid annually and at maturity Apply Now
4.51% gross/AER fixed* 2 Year £100** minimum, maximum*** £500,000 None Calculated daily, paid annually and at maturity Apply Now
4.60% gross/AER fixed* 3 Year £100** minimum, maximum*** £500,000 None Calculated daily, paid annually and at maturity Apply Now
4.51% gross/AER fixed* 4 Year £100** minimum, maximum*** £500,000 None Calculated daily, paid annually and at maturity Apply Now
4.49% gross/AER fixed* 5 Year £100** minimum, maximum*** £500,000 None Calculated daily, paid annually and at maturity Apply Now
Interest rate 4.40% gross/AER fixed*
Term 1 Year
Deposit £100** minimum, maximum*** £500,000
Interest Calculated daily, paid at maturity
Apply Now
Interest rate 4.40% gross/AER fixed*
Term 15 Months
Deposit £100** minimum, maximum*** £500,000
Interest Calculated daily, paid annually and at maturity
Apply Now
Interest rate 4.51% gross/AER fixed*
Term 2 Year
Deposit £100** minimum, maximum*** £500,000
Interest Calculated daily, paid annually and at maturity
Apply Now
Interest rate 4.60% gross/AER fixed*
Term 3 Year
Deposit £100** minimum, maximum*** £500,000
Interest Calculated daily, paid annually and at maturity
Apply Now
Interest rate 4.51% gross/AER fixed*
Term 4 Year
Deposit £100** minimum, maximum*** £500,000
Interest Calculated daily, paid annually and at maturity
Apply Now
Interest rate 4.49% gross/AER fixed*
Term 5 Year
Deposit £100** minimum, maximum*** £500,000
Interest Calculated daily, paid annually and at maturity
Apply Now
Please note: interest is paid annually; there is no early withdrawal entitlement; the account must be opened in sole name only; interest is credited annually or at maturity to your Fixed Term Account balance.
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AER stands for Annual Equivalent Rate and illustrates what the interest rate would be if paid and compounded once each year.
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You can apply for a JN Bank Fixed Term Savings account if you:
• Are over the age of 18
• Are a UK resident
• Have a UK mobile phone number and an email address
• Have a UK bank account from / to which you can make transfers
• Transfer at least £100
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*Interest rates are correct at the time of publication but may change in the future. Gross interest is the interest rate paid without the deduction of income tax.
** You can only make a maximum of 11 deposits of at least £100; which must be within 14 days, otherwise it will be automatically closed.
*** Maximum refers to the maximum deposited amount into your account excluding interest per customer per account.
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What is the interest rate?

Term

Minimum / Maximum Balance

gross/AER

1 year

£100 - £500,000

4.40%

15 month

£100 - £500,000

4.40%

2 years

£100 - £500,000

4.51%

3 years

£100 - £500,000

4.60%

4 years

£100 - £500,000

4.51%

5 years

£100 - £500,000

4.49%
  • Interest is calculated daily and paid on the anniversary of the account 
  • You can check the interest rate applicable to your account on any day by logging into internet banking.
  • AER stands for Annual Equivalent Rate and illustrates what the interest rate would be if paid and compounded once each year.  Gross interest is the interest rate paid without the deduction of income tax.

Can JN Bank change the interest rate?

Rates are fixed until the maturity date.  For further information please refer to clause 4 of our JN Bank Fixed Term Savings Account Specific Terms and Conditions.

What would the estimated balance be on the following:

Term

Based on an Initial Deposit of

Projected Return

1 year

£1,000

£1,044.00

15 months

£1,000

£1,055.00

2 years

£1,000

£1,092.23

3 years

£1,000

£1,144.45

4 years

£1,000

£1,192.98

5 years

£1,000

£1,245.59

Please remember that any interest earned on your account is paid annually to your JN Bank Fixed Term Savings Account. This example is provided as an illustration only and does not take into account individual customers' circumstances.

How do I open and manage my account?
  • You can open your JN Bank Fixed Term Savings Account online here and manage your account online or by contacting Customer Services on 0808 196 1945 between 9am – 6pm Monday to Friday, and 9am – 12:30pm on Saturday or alternatively you can email customerservice@jnbank.co.uk
  • You must be aged 18 or over and be a UK resident to open a JN Bank savings account.
  • Transfer at least £100.
  • The maximum amount that can be deposited in the account is £500,000 per customer per account.
  • Transfer at least £100 within 14 days of account opening to ensure that your account remains open and that you benefit from the advertised rate of interest.
  • Once you have opened your account, you can make a maximum of 11 lump sum deposits to fund your JN Bank Fixed Term Savings Account.
  • No additional deposits may be made after your initial 11 deposits.
  • You can deposit into your JN Bank Fixed Term Savings Account in two ways:
    • Transfer money from your nominated account; or
    • Transfer funds direct from your existing JN Bank savings account.

Can I withdraw money?
  • You will not be able to make any withdrawals from this account until the fixed rate period ends.
  • We will notify you 22 days before the fixed rate period has ended and ask you what you would like us to do with your money. You will be able to open another JN Bank savings account and have your funds deposited into this new account, or we will be able to transfer your money to your nominated account held in your name with another provider. If you do not provide us with an instruction, your funds will earn interest at the same rate as our JN Bank Easy Access Savings Account until instructions are provided.

Additional Information
  • You will not be able to close or switch your JN Bank Fixed Term Savings Account before its maturity date.
  • We will write to you 22 days prior to maturity to advise you of the options available to you.
  • Interest is paid gross.
  • If you earn more interest than the Personal Savings Allowance, you may have to pay extra tax yourself.
  • The Personal Savings Allowance is £1,000 for basic rate taxpayers and £500 for higher rate taxpayers.
  • Additional rate taxpayers don’t receive a Personal Savings Allowance.
  • You may need to pay tax on any interest that exceeds the Personal Savings Allowance.  Please contact HMRC if you need more information.
  • An account with JN Bank in the UK does not confer any membership rights with the JN Group.
  • Customer Services are available on
    0808 196 1945 between 9am – 6pm Monday to Friday, and 9am – 12:30pm on Saturday. Alternatively, you can email them at customerservice@jnbank.co.uk

*Please ensure you read the summary box and full terms and conditions before you apply.

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Savings FAQs

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All UK residents aged 18 years and over, who have a UK mobile phone, email address and a UK bank account are eligible.

This is any UK bank current account, in your name, that you can link to your JN Bank, so you can transfer funds into and from it.

  • For 1 Year Fixed Term, interest is calculated daily, and paid at maturity.
  • For 15 Month, 2 Year, 3 Year, 4 Year, and 5 Year Fixed Term terms, interest is calculated daily, paid annually and at maturity

The account opening process can all be done electronically. However, in some instances you may be asked to produce the following:

  • a Valid Photo ID (passport, driving licence, government issued ID)
  • proof of UK address (utility bill, bank statement or Council Tax bill) dated within the last 3 months

Once you have completed the application process, (including the upload of any documents if applicable), your application will be processed. Once your account is open, we will email you your account information, including:

  • sort code
  • account number
  • account opening date

You can click here, choose a product for you, and complete the account opening process online. You may also visit our branch in Brixton or call our customer services team on 0808 196 1945 for any assistance.

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