
Fixed Rate Saver
Earn a fixed return on your lump sum, knowing your money is working hard for you and for local people.
This account is currently closed for deposits but we are launching something exciting, soon!

Savings with a purpose
Make a positive impact by supporting ethical banking that offers fair loans to local people who need credit but may struggle to borrow affordably elsewhere.
Make a stand for inclusive banking, help us promote financial wellbeing and give our local economy a boost.
- Minimum deposit ÂŁ1,000
- Deposit up to ÂŁ80,000
- Protected by the FSCS
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want to grow their lump-sum of savings
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prefer fixed, predictable returns
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like the convenience of managing their account online
- want to save with a values-driven financial organisation
- need easy access to their savings
- do not have at least ÂŁ1,000 to save
- want to manage their finances day-to-day
- are not UK residents
Helpful information
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 wonât change, so youâll always know how much interest youâll earn.
One-Time Deposit:
To open a Fixed Rate Saver, youâll need to deposit at least ÂŁ1,000. 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 donât 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 ÂŁ1,000) you wonât need access to during the term.
- Youâre 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, youâll 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 accountâs 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.
Itâs your responsibility to report and pay any applicable taxes to HMRC.
Previous Fixed Rate Saver tranches
Our previous Fixed Rate Saver tranches are listed below.
The following details related to the Fixed Rate Saver that is due to mature 31 October, 2025
Close date: 15 November, 2024
Maturity date: 31 October, 2025
AER/gross: 4.75%
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%