Demo rate card4.75% AER / gross p.a. (variable, tracking the demo Forest Base Rate of 4.50% plus 0.25%)
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 | 2-year variable-rate bond |
| Rate, reward or charge | 4.75% AER / gross p.a. (variable, tracking the demo Forest Base Rate of 4.50% plus 0.25%) |
| Opening / maximum balance | £1,000.00 to £250,000.00 |
| Access | No top-ups or withdrawals during the 24-month term; principal and interest available at maturity |
| Eligibility in the scenario | One adult aged 18 or over able to leave the deposit untouched for 24 months |
| Fees | No model account fee |
| Currency | GBP (£), used solely for fictional calculations |
Willow Tracker Bond questions
What is Willow Tracker Bond for?
A bond with a variable rate: the term is fixed at two years but the rate tracks a fictional Forest Base Rate plus 0.25%. The illustration holds today’s rate constant, which a real tracker would not. Its story purpose is locking money away for two years while the rate follows the market. Everything on this site is fictional; nothing can be applied for.
What rate does Willow Tracker Bond pay?
4.75% AER / gross p.a. (variable, tracking the demo Forest Base Rate of 4.50% plus 0.25%), gross, before tax. It can change, because the rate is variable; projections hold it constant only for arithmetic.
Can I take money out of Willow Tracker Bond?
No top-ups or withdrawals during the 24-month term; principal and interest available at maturity.
How much can I put into Willow Tracker Bond?
Opening / maximum balance: £1,000.00 to £250,000.00.
Does Willow Tracker Bond charge fees?
No account fee in the model. The only cost is patience: money locked away cannot be spent.
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.
Willow Tracker Bond is 2-year variable-rate bond in the Savings range, used for locking money away for two years while the rate follows the market. 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: 4.75% AER / gross p.a. (variable, tracking the demo Forest Base Rate of 4.50% plus 0.25%) 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
- Willow Tracker Bond — Compare the Canopy
- Willow Tracker Bond — Fictional Product Terms
AcornBank: entirely fictional banking, exceptionally committed squirrels.