Fixed Rate Saver
Enjoy the peace of mind of a fixed return when you lock your money away for a set time, knowing that your money is protected by the Financial Services Compensation Schema (FSCS) and used to bring fair loans to local people.
Our next Fixed Rate Saver account opens on 2 March, 2026!
Save with a fixed rate saving account and enjoy certainty
Your interest rate and date when the Fixed Rate Saver matures are fixed at outset and won't change. Saving with us doesn’t just make you better off – it helps other local people have better finances too.
- Start saving from £1,000 to £110,000
- Fixed rate savings with AER/gross interest of 4.00% payable on maturity date
Choose the right account for you
Coming 2 March 2026: secure your fixed rate as soon as it opens!
- Competitive 4.00% AER
- Lock savings for 12 months
- Minimum deposit is £1,000
Benefits of a Fixed Rate Saver
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Guaranteed returns
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Higher interest ratesÂ
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No risk of interest rate dropsÂ
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Help you hit your savings goals
Recent Fixed Rate Saver Tranches
Our previous Fixed Rate Tranches are listed below.
The following details related to the Fixed Rate Saver that is due to mature 6 March, 2026
Close date: 07 March, 2025
Maturity date: 06 March, 2026
AER/gross: 4.75%
The following details related to the Fixed Rate Saver that is due to mature 21 May, 2026
Close date: 22 May, 2025
Maturity date: 21 May, 2026
AER/gross: 3.8%
The following details related to the Fixed Rate Saver that is due to mature 13 November, 2026
Close date: 5 December, 2025
Maturity date: 13 November, 2026
AER/gross: 4.25%
The following details related to the Fixed Rate Saver that is due to mature 20 May, 2027
Close date: 5 December, 2025
Maturity date: 20 May, 2027
AER/gross: 4.35%
Frequently asked questions
What is a fixed-term savings account?
A fixed-term savings account is a locked savings account that offers a fixed interest rate until it unlocks (or matures).
Key details of a fixed-term savings account:
Fixed interest rate:
Your interest rate won’t change, so you’ll always know how much interest you’ll earn.
One-time deposit:
To open a Fixed Rate Saver, you’ll need to deposit at least £1,000. You can add more funds during a short window after opening, until the account closes for further deposits.
No early access:
Withdrawals are only allowed after the account reaches its maturity date.
This account is ideal for those who don’t need instant access to their savings and want a secure way to save.
Is the Fixed Rate Saver the right choice for me?
This account is perfect for you if:
- You have a lump sum (minimum £1,000) you won’t need access to during the term.
- You’re looking for a competitive, fixed interest rate.
- You want a secure and risk-free savings option with GWCU
What happens when my fixed term ends?
When your fixed-term savings account matures after the term is over, you’ll have full access to withdraw your funds and the accrued interest will be added to your account balance.
You can also reinvest the funds into a new Fixed Rate Saver, if it is available.
Can I access money from the Fixed Rate Saver before maturity?
No, withdrawals from the Fixed Rate Saver are not allowed before the maturity date.
You can find your account’s maturity date on our website, or in the email you received when you opened the account.
Are my savings in the Fixed Rate Saver taxed?
The Fixed Rate Saver operates on a gross interest rate, meaning tax is not deducted.
It’s your responsibility to report and pay any applicable taxes to HMRC.
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