Demo rate card3.75% AER / gross p.a. (variable)
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 | Easy-access savings |
| Rate, reward or charge | 3.75% AER / gross p.a. (variable) |
| Opening / maximum balance | £1.00 to £100,000.00 |
| Access | Unlimited withdrawals in the demo; no notice period |
| Eligibility in the scenario | One adult aged 18 or over in the fictional AcornBank forest |
| Fees | No model account fee |
| Currency | GBP (£), used solely for fictional calculations |
Try your own numbers
Change the amounts to see what Squirrel Saver would do in the story. Fictional figures, no application, no advice.
- Interest in the first year
- £187.50Credited yearly and re-invested
- Extra earned by compounding
- £73.00£937.50 is what paying the interest out would earn over the same term.
- That is per month, roughly
- £15.63First-year interest spread over twelve months.
Year by year, interest re-invested
| Year | Interest that year | Balance | Total interest |
|---|---|---|---|
| 1 | £187.50 | £5,187.50 | £187.50 |
| 2 | £194.53 | £5,382.03 | £382.03 |
| 3 | £201.83 | £5,583.86 | £583.86 |
| 4 | £209.39 | £5,793.25 | £793.25 |
| 5 | £217.25 | £6,010.50 | £1,010.50 |
Squirrel 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 |
Squirrel Saver in charts
The same fictional model as the tables below, drawn rather than written. Hover or focus a mark for its value, or open the table view.
Interest credited annually and rounded to the penny; figures exclude tax unless the wrapper is tax-free.
View as a table
| Category | Interest |
|---|---|
| £1,000 | £37.50 |
| £5,000 | £187.50 |
| £10,000 | £375.00 |
| £25,000 | £937.50 |
| £50,000 | £1,875 |
A scenario, not a forecast: a rate change would move every later point.
View as a table
| Point | Balance |
|---|---|
| Start | £5,000 |
| Year 1 | £5,188 |
| Year 2 | £5,382 |
| Year 3 | £5,584 |
| Year 4 | £5,793 |
| Year 5 | £6,011 |
What could your balance look like after 12 months?
| Opening deposit | Demo AER | Interest earned | Closing balance |
|---|---|---|---|
| £1,000.00 | 3.75% | £37.50 | £1,037.50 |
| £5,000.00 | 3.75% | £187.50 | £5,187.50 |
| £10,000.00 | 3.75% | £375.00 | £10,375.00 |
| £25,000.00 | 3.75% | £937.50 | £25,937.50 |
| £50,000.00 | 3.75% | £1,875.00 | £51,875.00 |
| £100,000.00 | 3.75% | £3,750.00 | £103,750.00 |
Assumptions: one opening deposit, no additions or withdrawals, no fees or tax, and the stated rate for the whole period. Interest is credited once at each anniversary and rounded to the nearest penny, with half-pennies rounded up. AER and gross p.a. match in this annual-credit model.
If £5,000.00 stayed for longer
| Anniversary | Interest that year | Balance | Total interest |
|---|---|---|---|
| 1 | £187.50 | £5,187.50 | £187.50 |
| 2 | £194.53 | £5,382.03 | £382.03 |
| 3 | £201.83 | £5,583.86 | £583.86 |
| 4 | £209.39 | £5,793.25 | £793.25 |
| 5 | £217.25 | £6,010.50 | £1,010.50 |
The variable rate is held constant solely to show annual compounding. These are scenarios, not forecasts; a future rate change would change every later row. Figures are before inflation.
Top questions about Squirrel Saver
What is Squirrel Saver for?
A flexible savings pot for short-term plans. Label a goal, add to it whenever the imaginary pay packet arrives, and keep the money accessible when life changes its mind. Its story purpose is a first home for spare savings. Everything on this site is fictional; nothing can be applied for.
What rate does Squirrel Saver pay?
3.75% AER / gross p.a. (variable), gross, before tax. It can change, because the rate is variable; projections hold it constant only for arithmetic.
Squirrel Saver is easy-access savings in the Savings range, used for a first home for spare savings. Its live rate card, summary and worked tables sit above this text and update whenever the product record changes.
Meet your next imaginary account
The purpose of Squirrel Saver is a first home for spare savings. Start with the access rules, then compare the cost or return with your story’s timescale. A higher headline figure does not make a locked account suitable for an immediate bill, and a reward percentage is not the same as an interest rate.
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.
AcornBank: entirely fictional banking, exceptionally committed squirrels.