Demo rate card4.60% AER / gross p.a. (fixed)
The pound values and percentages on this page are invented AcornBank product terms, chosen for a realistic bank-style example. They are not current market offers, an invitation to deposit or invest money or a forecast of what a real bank will pay.
| Product detail | Demo terms |
|---|---|
| Account type | 12-month fixed savings |
| Rate, reward or charge | 4.60% AER / gross p.a. (fixed) |
| Opening / maximum balance | £1,000.00 to £100,000.00 |
| Access | No top-ups or withdrawals during the 12-month term; principal and interest available at maturity |
| Eligibility in the scenario | One adult aged 18 or over able to leave the opening deposit untouched for 12 months |
| Fees | No model account fee |
| Currency | GBP (£), used solely for fictional calculations |
Try your own numbers
Change the amounts to see what Fixed Twig Bond would do in the story. Fictional figures, no application, no advice.
- Interest in the first year
- £460.00Credited yearly and re-invested
- Extra earned by compounding
- £221.55£2,300.00 is what paying the interest out would earn over the same term.
- That is per month, roughly
- £38.33First-year interest spread over twelve months.
- Access during the term
- NoneMoney is locked until maturity in the model.
Year by year, interest re-invested
| Year | Interest that year | Balance | Total interest |
|---|---|---|---|
| 1 | £460.00 | £10,460.00 | £460.00 |
| 2 | £481.16 | £10,941.16 | £941.16 |
| 3 | £503.29 | £11,444.45 | £1,444.45 |
| 4 | £526.44 | £11,970.89 | £1,970.89 |
| 5 | £550.66 | £12,521.55 | £2,521.55 |
Fixed Twig Bond is 12-month fixed savings in the Savings range, used for a known spending date one year away. Its live rate card, summary and worked tables sit above this text and update whenever the product record changes.
Know which amount the limit describes
For Fixed Twig Bond, the range is £1,000.00 to £100,000.00. For a savings product it is the opening and maximum principal; for an ISA it is the demo annual allowance; for a card or overdraft it is an assumed credit limit; for the mortgage it is an advance range; and for investments it is the minimum lump sum and any allowance. An interest credit may take savings just above the stated principal cap; further deposits then pause.
Before you increase the balance
| Check | Why it matters |
|---|---|
| Minimum | Amounts below the model minimum do not qualify for this product scenario. |
| Maximum or allowance | Projection examples stay within the stated principal cap or demo allowance. |
| Already at the cap? | Assume no further additions; accrued interest or growth is still credited. |
| Credit limit | Available borrowing is a limit less debt already used, not income or savings. |
The worked examples show the product-specific calculations and timing assumptions in full.
See the whole Savings range or compare every product on the rates page.
What the example does not promise
All figures are invented and shown to make the demo useful to read and crawl. No money is held, no application is available, and no deposit-protection, regulatory or tax-wrapper status is claimed. Calculations do not account for personal tax, inflation or unstated changes in rates. The fictional bank manager can guarantee only that the next paragraph contains no real acorns.
Related reading
- This Is a Fictional Bank — No Real Banking Here
- Site Map — Every Branch of AcornBank
- Rates — Savings, Borrowing and Rewards
- Help — Unruffle Your Tail
- Savings — Pots, Bonds and Notice Hollows
- Fixed Twig Bond — Imaginary Fees and Other Chestnuts
- Fixed Twig Bond — Worked Woodland Examples
AcornBank: entirely fictional banking, exceptionally committed squirrels.