Monthly: 4.37% Gross1 / 4.46% AER2
Annual: 4.46% Gross1/ AER2
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No. The interest rate is fixed and  will stay the same until the maturity date.
Projected Balance: £1,243.80
This example is for illustrative purposes only and shows the projected balance at maturity if you added £1,000 to your account and did not add any more money.