Demo rate card4.30% AER / tax-free (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 | 1-year fixed-rate cash ISA |
| Rate, reward or charge | 4.30% AER / tax-free (fixed) |
| Minimum / demo annual allowance | £500.00 to £20,000.00 per demo tax year |
| Access | No withdrawals during the 12-month term in the model; closing or transferring early costs a 90-day interest deduction |
| Eligibility in the scenario | One adult story customer with unused demo ISA allowance this tax year |
| Fees | No model account fee |
| Currency | GBP (£), used solely for fictional calculations |
Hazelnut Fixed Cash ISA questions
What is Hazelnut Fixed Cash ISA for?
The fixed cousin of the easy-access cash ISA: one deposit within the demo allowance, a fixed rate for twelve months and no tax on the interest in the story. Its story purpose is a year of tax-free interest at a fixed rate. Everything on this site is fictional; nothing can be applied for.
What rate does Hazelnut Fixed Cash ISA pay?
4.30% AER / tax-free (fixed), tax-free inside the demo ISA wrapper. It holds for the 12-month term and no rate is promised afterwards.
Can I take money out of Hazelnut Fixed Cash ISA?
No withdrawals during the 12-month term in the model; closing or transferring early costs a 90-day interest deduction. Closing early costs 90 days’ interest in the model, never more than the interest earned.
How much can I put into Hazelnut Fixed Cash ISA?
Minimum / demo annual allowance: £500.00 to £20,000.00 per demo tax year. New money counts against the shared demo ISA allowance.
Does Hazelnut Fixed Cash ISA charge fees?
No account fee in the model. The only cost is the 90-day interest deduction for early closure.
Savings questions
Shared across the whole range.
What is the difference between a fixed and a variable rate?
A fixed rate holds for the product’s term; a variable rate can change, and the projections only hold it constant for arithmetic. The savings range has one of each in every pair: accounts, cash ISAs and bonds.
How does the demo ISA allowance work?
New money into any ISA is capped at a demo £20,000 per fictional tax year, shared across every ISA a story customer holds. Interest and growth inside the wrapper are untaxed in the model.
Can I take money out of a fixed product early?
From the two fixed accounts, yes, with a 90-day interest deduction. From the two bonds, no: the term is fixed. The easy-access account and easy-access ISA allow withdrawals at any time.
When is interest paid?
Once a year at the anniversary in the annual-credit model, which is why AER and gross p.a. match. Fixed products pay at maturity.
Is savings interest taxed?
The model deducts no tax anywhere. Non-ISA figures are gross; ISA figures are described as tax-free because the wrapper would shield them. Personal tax is outside the story.
Hazelnut Fixed Cash ISA is 1-year fixed-rate cash isa in the Savings range, used for a year of tax-free interest at a fixed rate. Its live rate card, summary and worked tables sit above this text and update whenever the product record changes.
Frequently asked squeaks
The questions and answers on this page come from AcornBank’s single shared FAQ collection, so the same wording appears here, on the Savings hub and in the full FAQ list. Every answer is about a fictional product: 4.30% AER / tax-free (fixed) is a demo figure and nothing can be applied for. The summary and worked figures below give the numbers the answers refer to.
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
- Hazelnut Fixed Cash ISA — Compare the Canopy
- Hazelnut Fixed Cash ISA — Fictional Product Terms
AcornBank: entirely fictional banking, exceptionally committed squirrels.