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 |
Fees and charges
| Charge | Model treatment |
|---|---|
| Opening / arrangement | £0.00 |
| Monthly account fee | £0.00 |
| Interest on borrowing | None; this product cannot be overdrawn |
| Early access | Allowed with a 90-day interest deduction |
| Real amount payable to AcornBank | £0.00 — this is a fictional demo, not a service |
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.
Keep the cost in the same picture as the rate
A fee can reduce the benefit of interest, growth or cashback, and borrowing interest can exceed a reward. The table distinguishes ongoing charges from an upfront fee. Do not subtract a fee twice: the mortgage total already includes its arrangement fee, while its yearly repayment rows contain repayments only.
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 — Fetching Your Fictional Stash
- Oak Ledger Fixed Saver — How Much Fits in a Hollow?
AcornBank: entirely fictional banking, exceptionally committed squirrels.