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Hampshire Trust Bank Plc: 60 months Fixed Term Deposit

Product overview

Interest rate
4.05% AER Help content for Annual rate
Rate type
Fixed
Term
5 years
Min / max amount
£1,000 - £85,000
Money available
End of term
14 day cooling-off period available
No
Interest added to account
Annually
Deposit guarantee
FSCS protection up to £85,000

Product details

Account name

Hampshire Trust Bank Plc: 60 months Fixed Term Deposit

What is the interest rate?

4.05% AER (paid as 4.05% gross simple) AER is the Annual Equivalent Rate and represents what the interest rate would be if interest was realised and paid once each year. Interest is calculated from the start date and is paid on maturity. Interest will be paid gross without prior deduction of tax.

Can Hampshire Trust Bank Plc change the interest rate?

The interest rate applicable to your savings account is fixed once your application is approved and you fund your account. The rate will stay the same throughout the duration of the fixed term. Should the bank amend the rate advertised before you have fully transferred funds and the rate is lower than the rate you originally ordered, we will automatically cancel your order. We will contact you if this occurs.

What would the estimated balance be after 60 months based on a £1000 deposit?

The estimated balance after 60 months on a deposit of £1000.00 is £1,219.58. This projection is for illustrative purposes only and does not take into account individual circumstances.

How do I open and manage my account?

To open this savings account, you must apply online through Aviva plc. Savings accounts at Aviva plc are only available through this online application process, and to be eligible to apply, you must ● Be a UK resident who is aged 18 or over ● Hold a UK bank or building society account from which you will fund your application ● Have a valid mobile phone number and email address ● Have a UK National Insurance Number Your application acceptance will be subject to the successful completion of an Anti-Money Laundering/Know Your Customer (AML/KYC) checks. The minimum amount you can deposit is £1000.00 and the maximum amount you can deposit is £85000 (per product and banking institution). Please ensure you have read and understood all sets of Terms and Conditions before applying for this product. You can manage your savings account through Aviva plc by logging into your Aviva plc Account. You can contact Aviva plc by telephone, by email or in writing by using the contact details provided in the Aviva plc Terms and Conditions.

Can I withdraw money?

Because this savings account is a fixed term deposit, withdrawals are not permitted before the maturity date, except if an account holder dies, becomes mentally incapacitated or bankrupt, or in any other exceptional circumstances agreed to by Hampshire Trust Bank Plc in its absolute discretion. This savings account does NOT operate on the basis that you can end the fixed term of your savings account prematurely and pay a fee to withdraw your funds sooner. Your savings account will not automatically renew at the end of the fixed term for a further fixed term.

Additional information

Raisin Platforms Limited (RPL) will administer the deposit on your behalf. Funds will be remitted to Hampshire Trust Bank Plc by RPL on the business day after they arrive in the RPL account. It can therefore take up to 2 business days for an ordered product to be set up and start earning interest. All cash in transit and deposits once established, will be held by RPL in trust for you under FCA client money and asset rules. If you have any questions relating to your account, please contact Aviva plc.

Deposit guarantee

The FSCS is the United Kingdom’s statutory deposit guarantee scheme. If an FSCS-protected bank fails or is unable to meet its financial obligations, the FSCS can provide compensation for eligible customer deposits up to a limit of £85,000 per person, per bank. The FSCS’ £85,000 protection limit applies to all deposits held with a bank (including current and savings accounts), as well as any deposits held with intermediaries of the same bank (for example, where a bank operates multiple banks under different trading names). Read our dedicated FAQ page to learn more about the FSCS.

About Hampshire Trust Bank Plc

Hampshire Trust Bank (HTB) is a privately owned British bank that provides award-winning savings services. HTB also specialises in finance solutions for British businesses through specialist mortgages, business finance and development finance products. The FSCS protects deposits made into savings accounts offered by Hampshire Trust Bank Plc through our marketplace, and Hampshire Trust Bank Plc is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority.

About Aviva Save

Aviva works with partner companies to provide Aviva Save.

Raisin

We've teamed up with Raisin to offer you Aviva Save. Raisin provides savings marketplaces to over 1,000,000 customers across 30+ countries.

Raisin provides the Aviva Save Marketplace and also acts as a Trustee for some of the partner banks.

ClearBank Ltd

Your Aviva Save transaction account is provided by ClearBank, who look after money transfers from your current account to Aviva Save.

ClearBank provides the Aviva Save transaction account that manages transactions with your own bank.

Interest rates

  • When we show the interest rate as an AER, it stands for Annual Equivalent Rate
  • This is what the interest rate would be if it was paid once a year
  • It helps you compare different accounts, by showing you how much you would earn on your savings if the accounts were held for the same amount of time
  • The rates offered by our bank partners can change at any time
  • When you apply you'll get the rate that's in effect at the point your account is set up, so it's important to transfer money into Aviva Save as soon as possible after you apply