When you open a Fixed Term Savings account, we give you 14 days to pay money in ahead of the fixed term itself. This means the fixed term kicks in on day 15. Once you’ve paid in £1,000 or more your money must be committed to the term.

In terms of interest, you start earning that from the moment your money lands in the account, so you could earn up to two weeks of extra interest if you pay in straight away.