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Rosanocc Fixed Term Deposits

Fixed Term Deposits

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Your eligible savings are protected up to £85,000 by the FSCS.
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Our Products

6 Months Fixed Term Deposit

GROSS
4.16%
AER
4.20%

12 Months Fixed Term Deposit

GROSS
4.45%
AER
4.45%

5 Years Fixed Term Deposit

GROSS
4.60%
AER
4.60%
AER stands for Annual Equivalent Rate. This shows you what the interest rate would be if interest was paid and compounded once each year. Gross is the rate of interest payable before income tax is deducted.

Account overview

Fixed interest rate

Your interest rate is fixed throughout the term of your deposit.

Peace of mind

Eligible savings you hold with us are protected by the FSCS up to £85,000.

Loyalty rates

Benefit from our loyalty rates when you open a new Fixed Term Deposit at the end of the term.

Open a savings account in 5 minutes.

Things to note

  • You must be a UK resident and at least 18 years old.
  • You must have a personal UK current account in your name to use as your Linked Account. All deposits must be made from your Linked Account. Similarly, all withdrawals will be sent to your Linked Account.
  • You have 14 days to fund your new account with a minimum balance of £25,000, unless you already have savings with us (you must hold a minimum of £25,000 across all your Rosanocc accounts).
  • You can’t access your money for the term of the account. However, you can change your mind and cancel the account within the 14-day funding period, and we will return your money to your Linked Account.

Summary Box

This summary contains key information about the Fixed Term Deposit you have selected. Please read it carefully alongside the Fixed Term Deposit Terms and our General Savings Terms.

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6 Months
6 Months Fixed Term Deposit
What is the interest rate?

4.16% Gross / 4.20% AER (fixed)

Rate effective 04 May 2023

AER stands for Annual Equivalent Rate. This shows you what the interest rate would be if interest was paid and compounded once each year.

Gross is the rate of interest payable before income tax is deducted.

Interest is calculated daily and is paid on the maturity date. Interest can be paid to your Linked Account or paid to the balance at maturity.

Read more
Can Rosanocc change the interest rate?

No. The interest rate is fixed and cannot be changed throughout the term.

Read more
What would the estimated balance be after 6 months based on a £1,000 or £25,000 deposit?

£1,021.00 at an interest rate of 4.20% AER (fixed)

£25,525.00 at an interest rate of 4.20% AER (fixed)

For the purposes of this calculation we assume that:

  • You make a deposit of £1,000 or £25,000 on the account opening date
  • You make no further deposits during the funding period or withdrawals during the term
  • The interest is paid to the balance at maturity

The above is for illustrative purposes only and does not take into account any individual circumstances.

Read more
How do I open and manage my account?

You can open and manage your account through the Rosanocc mobile app.

Eligibility:

  • you must be aged 18 or over
  • you must be a UK resident
  • this account can only be opened in one person’s name
  • you must have a personal UK bank account that allows transfers to be made to and from your Rosanocc Fixed Term Deposit

Minimum and Maximum Balance:

  • £25,000 minimum balance across all Rosanocc savings accounts you hold including this one.
  • £400,000 maximum balance across all Rosanocc savings accounts you hold including this one.

Making Deposits:

  • You will have 14 days from the account opening date to fund your account (Funding Period). You cannot make deposits after the Funding Period.
  • You can make multiple deposits during the Funding Period. The fixed term will start from the date of your first deposit.
  • During the Funding Period, deposits can only be made by electronic payment from your Linked Account or a Rosanocc Easy Access Savings account in your name.
  • Any funds received from another account that is not your Linked Account will be returned.
  • We do not accept deposits in cash or cheque.
Read more
Can I withdraw money?

No, withdrawals and early closures are not permitted throughout the term.

We will contact you at least 30 days before the maturity date of your Fixed Term Deposit and you will be asked to select how you would like us to deal with your maturity balance.

If we do not hear from you before the maturity date, we will transfer the balance to your Easy Access Savings account if you have one, or if you do not have one, we will open a new Easy Access Savings account for you.

Read more
Additional information

You can change your mind and close a Fixed Term Deposit you have opened without incurring any penalties within 14 days following the account opening date (this coincides with the Funding Period for the account).

Please contact us and we will close the account and return any funds you have deposited (together with any accrued interest).

We do not deduct tax from any interest paid to you. You will need to pay any tax you owe to HMRC or other Tax authorities applicable to you

Please note: The information provided here is a summary of the key features of our Fixed Term Deposit account. Further information can be found in our Fixed Term Deposit Terms.

Read more
12 Months
12 Months Fixed Term Deposit
What is the interest rate?

4.45% Gross / AER (fixed)

Rate effective 30 March 2023

AER stands for Annual Equivalent Rate. This shows you what the interest rate would be if interest was paid and compounded once each year.

Gross is the rate of interest payable before income tax is deducted.

Interest is calculated daily and is paid on the maturity date. Interest can be paid to your Linked Account or paid to the balance at maturity.

Read more
Can Rosanocc change the interest rate?

No. The interest rate is fixed and cannot be changed throughout the term.

Read more
What would the estimated balance be after 12 months based on a £1,000 or £25,000 deposit?

£1,044.50 at an interest rate of 4.45% AER (fixed)

£26,112.50 at an interest rate of 4.45% AER (fixed)

For the purposes of this calculation we assume that:

  • You make a deposit of £1,000 or £25,000 on the account opening date
  • You make no further deposits during the funding period or withdrawals during the term
  • The interest is paid to the balance at maturity

The above is for illustrative purposes only and does not take into account any individual circumstances.

Read more
How do I open and manage my account?

You can open and manage your account through the Rosanocc mobile app.

Eligibility:

  • you must be aged 18 or over
  • you must be a UK resident
  • this account can only be opened in one person’s name
  • you must have a personal UK bank account that allows transfers to be made to and from your Rosanocc Fixed Term Deposit

Minimum and Maximum Balance:

  • £25,000 minimum balance across all Rosanocc savings accounts you hold including this one.
  • £400,000 maximum balance across all Rosanocc savings accounts you hold including this one.

Making Deposits:

  • You will have 14 days from the account opening date to fund your account (Funding Period). You cannot make deposits after the Funding Period.
  • You can make multiple deposits during the Funding Period. The fixed term will start from the date of your first deposit.
  • During the Funding Period, deposits can only be made by electronic payment from your Linked Account or a Rosanocc Easy Access Savings account in your name.
  • Any funds received from another account that is not your Linked Account will be returned.
  • We do not accept deposits in cash or cheque.
Read more
Can I withdraw money?

No, withdrawals and early closures are not permitted throughout the term.

We will contact you at least 30 days before the maturity date of your Fixed Term Deposit and you will be asked to select how you would like us to deal with your maturity balance.

If we do not hear from you before the maturity date, we will transfer the balance to your Easy Access Savings account if you have one, or if you do not have one, we will open a new Easy Access Savings account for you.

Read more
Additional information

You can change your mind and close a Fixed Term Deposit you have opened without incurring any penalties within 14 days following the account opening date (this coincides with the Funding Period for the account).

Please contact us and we will close the account and return any funds you have deposited (together with any accrued interest).

We do not deduct tax from any interest paid to you. You will need to pay any tax you owe to HMRC or other Tax authorities applicable to you

Please note: The information provided here is a summary of the key features of our Fixed Term Deposit account. Further information can be found in our Fixed Term Deposit Terms.

Read more
5 Years
5 Years Fixed Term Deposit
What is the interest rate?

4.60% Gross / AER (fixed)

Rate effective 30 March 2023

AER stands for Annual Equivalent Rate. This shows you what the interest rate would be if interest was paid and compounded once each year.

Gross is the rate of interest payable before income tax is deducted.

Interest is calculated daily and is paid annually on the anniversary of the date you made your first deposit. Interest can be paid to your Linked Account or paid to the Fixed Term Deposit.

Read more
Can Rosanocc change the interest rate?

No. The interest rate is fixed and cannot be changed throughout the term.

Read more
What would the estimated balance be after 5 years based on a £1,000 or £25,000 deposit?

£1,252.16 at an interest rate of 4.60% AER (fixed)

£31,303.90 at an interest rate of 4.60% AER (fixed)

For the purposes of this calculation we assume that:

  • You make a deposit of £1,000 or £25,000 on the account opening date
  • You make no further deposits during the funding period or withdrawals
  • The interest is added to your Fixed Term Deposit annually on the anniversary of the date you made your first deposit (compounded interest)

The above is for illustrative purposes only and does not take into account any individual circumstances.

Read more
How do I open and manage my account?

You can open and manage your account through the Rosanocc mobile app.

Eligibility:

  • you must be aged 18 or over
  • you must be a UK resident
  • this account can only be opened in one person’s name
  • you must have a personal UK bank account that allows transfers to be made to and from your Rosanocc Fixed Term Deposit

Minimum and Maximum Balance:

  • £25,000 minimum balance across all Rosanocc savings accounts you hold including this one.
  • £400,000 maximum balance across all Rosanocc savings accounts you hold including this one.

Making Deposits:

  • You will have 14 days from the account opening date to fund your account (Funding Period). You cannot make deposits after the Funding Period.
  • You can make multiple deposits during the Funding Period. The fixed term will start from the date of your first deposit.
  • During the Funding Period, deposits can only be made by electronic payment from your Linked Account or a Rosanocc Easy Access Savings account in your name.
  • Any funds received from another account that is not your Linked Account will be returned.
  • We do not accept deposits in cash or cheque.
Read more
Can I withdraw money?

No, withdrawals and early closures are not permitted throughout the term.

We will contact you at least 30 days before the maturity date of your Fixed Term Deposit and you will be asked to select how you would like us to deal with your maturity balance.

If we do not hear from you before the maturity date, we will transfer the balance to your Easy Access Savings account if you have one, or if you do not have one, we will open a new Easy Access Savings account for you.

Read more
Additional information

You can change your mind and close a Fixed Term Deposit you have opened without incurring any penalties within 14 days following the account opening date (this coincides with the Funding Period for the account). Please contact us and we will close the account and return any funds you have deposited (together with any accrued interest).

We do not deduct tax from any interest paid to you. You will need to pay any tax you owe to HMRC or other Tax authorities applicable to you

Please note: The information provided here is a summary of the key features of our Fixed Term Deposit account. Further information can be found in our Fixed Term Deposit Terms.

Read more

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