A fictional bank, a real sense of humour. All people, places, products and figures are invented. No real banking or financial advice. About this demo.
Demo rate card4.40% 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 | 1-year fixed-rate savings account |
| Rate, reward or charge | 4.40% AER / gross p.a. (fixed) |
| Opening / maximum balance | £500.00 to £100,000.00 |
| Access | No top-ups; early closure allowed in the model with a 90-day interest deduction; otherwise principal and interest at maturity |
| Eligibility in the scenario | One adult aged 18 or over with a single opening deposit |
| Fees | No model account fee |
| Currency | GBP (£), used solely for fictional calculations |
Oak Ledger Fixed Saver against the rest of savings
| Feature | Squirrel Saver3.75% AER · VARIABLE | Oak Ledger Fixed Saver4.40% AER · FIXED · 12 MONTHS | Hazelnut Cash ISA3.60% AER TAX-FREE · VARIABLE | Hazelnut Fixed Cash ISA4.30% AER TAX-FREE · FIXED · 12 MONTHS | Fixed Twig Bond4.60% AER · FIXED · 12 MONTHS | Willow Tracker Bond4.75% AER · VARIABLE · 24 MONTHS |
|---|---|---|---|---|---|---|
| Type | Easy-access savings | 1-year fixed-rate savings account | Easy-access cash ISA | 1-year fixed-rate cash ISA | 12-month fixed savings | 2-year variable-rate bond |
| Rate, reward or charge | 3.75% AER / gross p.a. (variable) | 4.40% AER / gross p.a. (fixed) | 3.60% AER / tax-free (variable) | 4.30% AER / tax-free (fixed) | 4.60% AER / gross p.a. (fixed) | 4.75% AER / gross p.a. (variable, tracking the demo Forest Base Rate of 4.50% plus 0.25%) |
| Fixed rate | No | Yes | No | Yes | Yes | No |
| Tax-free wrapper | No | No | Yes | Yes | No | No |
| Withdraw during the term | Yes | No | Yes | No | No | No |
| Interest on £10,000 in year one | £375.00 | £440.00 | £360.00 | £430.00 | £460.00 | £475.00 |
| Minimum | £1.00 | £500.00 | £1.00 | £500.00 | £1,000.00 | £1,000.00 |
Compare savings with your amount
- Squirrel Saver3.75% AER · VARIABLE£375.00first-year interest at 3.75%
- Oak Ledger Fixed Saverthis product4.40% AER · FIXED · 12 MONTHS£440.00first-year interest at 4.40%
- Hazelnut Cash ISA3.60% AER TAX-FREE · VARIABLE£360.00first-year interest at 3.60%
- Hazelnut Fixed Cash ISA4.30% AER TAX-FREE · FIXED · 12 MONTHS£430.00first-year interest at 4.30%
- Fixed Twig Bond4.60% AER · FIXED · 12 MONTHS£460.00first-year interest at 4.60%
- Willow Tracker Bondearns most4.75% AER · VARIABLE · 24 MONTHS£475.00first-year interest at 4.75%
Same fictional model as every table on the site. Limits and allowances are noted; nothing here is advice or an offer.
Every product across the ranges
| Product | Range | Rate, reward or charge | Access or term |
|---|---|---|---|
| Current accounts | 0.00% credit interest; £0.00 monthly account fee | Daily payment and transfer scenarios; no real payment service | |
| Current accounts | 0.00% credit interest; £6.00 monthly account fee | Routine business payment scenarios; no real transfers or merchant services | |
| Current accounts | 29.9% EAR (variable), with the first £50.00 interest-free | Up to £1,000 arranged borrowing; the first £50 is interest-free in this demo model | |
| Savings | 3.75% AER / gross p.a. (variable) | Unlimited withdrawals in the demo; no notice period | |
| Savings | 4.40% AER / gross p.a. (fixed) | No top-ups; early closure allowed in the model with a 90-day interest deduction; otherwise principal and interest at maturity | |
| Savings | 3.60% AER / tax-free (variable) | Unlimited withdrawals in the demo; flexible, so money withdrawn can be replaced within the same demo tax year | |
| Savings | 4.30% AER / tax-free (fixed) | No withdrawals during the 12-month term in the model; closing or transferring early costs a 90-day interest deduction | |
| Savings | 4.60% AER / gross p.a. (fixed) | No top-ups or withdrawals during the 12-month term; principal and interest available at maturity | |
| Savings | 4.75% AER / gross p.a. (variable, tracking the demo Forest Base Rate of 4.50% plus 0.25%) | No top-ups or withdrawals during the 24-month term; principal and interest available at maturity | |
| Mortgages | 4.59% fixed for 2 years; then 6.49% assumed variable rate | Monthly capital-and-interest repayments over 25 years in the illustration | |
| Loans | 6.9% APR representative (fixed); £1,000.00 to £25,000.00 over 1 to 7 years | Fixed monthly repayments over 1 to 7 years; early settlement allowed with up to 58 days’ interest in the model | |
| Loans | 5.9% APR representative (fixed); £7,500.00 to £40,000.00 over 2 to 10 years | Fixed monthly repayments over 2 to 10 years; early settlement allowed with up to 58 days’ interest in the model | |
| Loans | 7.9% APR representative (fixed); £3,000.00 to £30,000.00 over 1 to 5 years | Fixed monthly repayments over 1 to 5 years; the customer owns the wheelbarrow from day one; early settlement with up to 58 days’ interest | |
| Credit cards | 0.50% cashback; 24.9% illustrative APR (variable) | 0.5% cashback on eligible purchases, capped at £10 per month; borrowing can cost more than the reward | |
| Credit cards | 1.00% cashback; 27.9% illustrative APR (variable); £24.00 annual fee | 1% cashback on eligible purchases, capped at £25 per month, for a £24 annual fee; borrowing costs more than the reward | |
| Credit cards | 0% on purchases for 18 months, then 24.9% illustrative APR (variable) | 0% on purchases for 18 months from opening, then 24.9% APR (variable); missing a payment ends the offer in the model | |
| Credit cards | 0% on balance transfers for 24 months with a 3% fee, then 26.9% illustrative APR (variable) | 0% on balance transfers for 24 months with a 3% transfer fee, then 26.9% APR (variable); new purchases are not interest-free | |
| Credit cards | 34.9% illustrative APR (variable); credit limits from £250.00 | Small limits, a high APR and no fee; the story rewards paying the statement in full every month | |
| Investments | 3.90% AER / gross p.a. (variable) | Unlimited withdrawals; annual interest remains in the pot unless removed | |
| Investments | 0.45% total annual charge; growth not guaranteed, illustrated at 2%, 5%, 8% | Sell holdings at any time; story proceeds arrive within four working days; the value can fall as well as rise | |
| Investments | 0.45% total annual charge; growth not guaranteed, illustrated at 2%, 5%, 8% | Withdraw at any time; money taken out cannot be replaced in the same demo tax year; the value can fall as well as rise | |
| Investments | 0.50% total annual charge; 20% demo tax relief on contributions; growth not guaranteed | No withdrawals before age 57 in the model; from then, up to 25% as a tax-free lump sum and the rest as taxable income | |
| Insurance | From £9.50 a month; £100.00 excess; cover up to £330,000.00 | Claims in the story are reported to the branch and paid less the excess; a 14-day cooling-off period applies in the model | |
| Insurance | From £5.95 a month; £75.00 excess; cover up to £5,000,000.00 | Any number of trips of up to 31 days during the policy year; claims paid less the excess | |
| Insurance | From £8.20 a month; £0.00 excess; cover up to £300,000.00 | No cash value; the sum is paid on a valid claim during the term and premiums stop when the term ends |
Oak Ledger Fixed Saver is 1-year fixed-rate savings account in the Savings range, used for a known spending date one year away, with an emergency exit. Its live rate card, summary and worked tables sit above this text and update whenever the product record changes.
Compare products with the same job
Oak Ledger Fixed Saver is designed around a known spending date one year away, with an emergency exit. Compare access needs, term, fees and limits alongside the rate. A fixed bond, a cash ISA and a credit card can each display a percentage while measuring three different things. The full range below deliberately keeps those labels visible.
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
- Oak Ledger Fixed Saver — Worked Woodland Examples
- Oak Ledger Fixed Saver — Frequently Asked Squeaks
AcornBank: entirely fictional banking, exceptionally committed squirrels.