Digital challenger bank Chetwood Bank has expanded its range of Fixed Rate savings products with the launch of two new short-term accounts.
The Wrexham-based bank has been expanding its savings offering in the past year, launching an Easy Access savings account in 2024 and expanding its Fixed Rate savings accounts offering to cater to both short-term goals and long-term financial planning. The bank was recently named the Best Fixed Account Provider at the 2025 Moneyfacts Awards, and these latest products are designed to build on that success.
The Fixed Rate savings accounts – a three-month Fixed Rate savings account at 4.33% AER and six-month Fixed Rate savings account at 4.50% AER – are fully online, pay interest from day one and are protected up to £85,000 under the Financial Services Compensation Scheme (FSCS), including balances held across Chetwood Bank and its brands. There is no cooling-off period and no withdrawals are allowed during the term.
Chetwood Bank’s collection of Fixed Rate savings accounts range between three months and five years.
Ben Mitchell, Director of Savings at Chetwood Bank, said:
“We’re evolving our savings offering to meet the needs of real customers. We want to provide the best option for those who want clarity, fair value and reliable returns without unnecessary complexity.
“These new accounts are part of our commitment to helping people improve their financial wellbeing with no nonsense options that work hard from day one.”
