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Fixed Rate Savings

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Fixed Rate Accounts

Let’s get a fix on your savings. The money you’ve worked so hard to save should repay you for your efforts. So protect it from interest rate fluctuations with our fixed rate accounts and you’ll always know exactly how much interest you’ll earn.


Term Gross Annual Interest Gross Monthly Interest AER*
1 Year 1.00% 1.00%

1.00%
2 Years 1.37% 1.36%

1.37%
3 Years 1.40% 1.39%

1.40%
4 Years 1.45% 1.44%

1.45%
5 Years 1.50% 1.49%

1.50%

  • Things you need to know

    • You’ll need to provide us with the sort code and account number of your nominated account. A nominated account is a UK bank or building society account that you can transfer money from and send money to. You must be named as an account holder on this account. All deposits into your London Capital Credit Union account must come from your nominated account and any withdrawals out of your London Capital Credit Union account (including interest payments) will be sent to your nominated account. Payments to us from any other account will not be accepted and will be returned
    • We guarantee to pay the interest rates shown provided a deposit is paid into the account within 14 calendar days of the account being opened. If the interest rates have increased by the time the first deposit is received, you’ll automatically receive the higher rate
    • You can make deposits by Faster Payments, BACS, CHAPS or Standing Order from your nominated UK bank or building society account. You have 14 calendar days from account opening to make as many deposits as you like. After this period no further deposits are permitted
    • Interest will be earned from the date on which we receive your money
    • Interest is paid gross (without tax taken off). Under the Personal Savings Allowance, the first £1,000 of income from non-ISA savings (e.g. any interest earned) is tax free for basic rate taxpayers, and the first £500 is tax free for higher rate taxpayers. No Personal Savings Allowance applies if you’re an additional rate tax payer. If the interest you earn is less than your Personal Savings Allowance, you don’t have to do anything. If the interest you earn is more than your Personal Savings Allowance, you’ll have to pay tax on the difference. HMRC will normally collect the tax by changing your tax code in the PAYE system. If you fill in a Self Assessment tax return you should carry on doing this as normal. For further details on how tax will be collected, refer to the HMRC guide to the Personal Savings Allowance or visit gov.uk
    • No withdrawals, transfers out or closures permitted before the maturity date
    • There are no fees or charges for standard account services. We may make a charge for any exceptional non-standard services which are made available to you on a discretionary basis
    • We reserve the right to withdraw these accounts from sale at any time

  • Managing your account

    Managing your account with us is simple and straightforward - and we're always on hand to help if you've any questions. Here's how it works:

    • Once you’ve opened your account with us, we'll send you a Welcome Letter and your Customer ID, which you should usually receive within five business days. When you log in, we'll give you all the information you need to make the most of your new account
    • You can log into your account to view and print a transaction statement at any time and a Summary of Interest will be available in internet banking shortly after the start of each tax year
    • Contact us whenever you need to – via our UK-based call centre, by logging into your account and sending us a secure message or by emailing info@londoncapitalcu.com Click here for our opening hours
    • Your account will mature on the anniversary of the date we receive your opening deposit. We’ll write to you personally a few weeks earlier with a simple, easy-to-understand guide to all your maturity options
    • No need to worry about bonus rates dropping off: there are no hidden bonuses or introductory offers - just consistently competitive rates

  • Key benefits

    • Peace of mind - know exactly what interest rate you'll earn for a set period and we will personally write to you before your account matures
    • Transparent - our competitive rates aren't artificially inflated by bonuses or introductory offers
    • Fast and easy setup - open an account, complete identity checks and move your money in minutes. You can choose to open this account in your sole name or jointly with someone else
    • Open an account with just £1,000
    • Cooling off period - if you change your mind within 14 calendar days of opening your account, we’ll cancel your account and return your money without penalty or notice