4.4% AER / Gross is the Annual Equivalent Rate and represents what the interest rate would be if interest was realised and paid once each year. Interest is calculated daily, compounded annually and is payable on maturity. Interest will be paid gross without prior deduction of tax.Interest will be calculated from the start date of your savings account.

The interest rate applicable to your Fixed Term Deposit is fixed once you fund your Raisin UK Account and Hoist Finance AB approves your application. The interest rate will stay the same throughout the duration of the fixed term. Please review Raisin Terms and Conditions for more information on how interest rate changes work.

Should Hoist Finance AB the interest rate applicable to your Fixed Term Deposit before you have fully transferred funds to your Raisin UK Account, and the amended interest rate is lower than the interest rate you originally ordered, you will have 14 days to cancel your application, and your original deposit amount will be returned to your Transaction Account. We will contact you if this occurs.

Please note, for renewal orders the rate you will receive will be confirmed as the rate available 5 days before the date of maturity. Please see our FAQs for more information.

The estimated balance after 12 months on a deposit of £1000.00 is £1,044.73. This projection is for illustrative purposes only and does not take into account individual.circumstances.

To open this savings account, you must apply online through Raisin. Savings accounts at Raisin are only available through this online application process, and to be eligible to apply, you must:

● Be a UK resident who is aged 18 or over

● Hold a UK bank or building society account from which you will fund your application

● Have a valid mobile phone number and email address

● Have a UK National Insurance Number

You can manage your savings account through Raisin by logging into your Raisin Account. You can contact Raisin by telephone, by email or in writing by using the contact details provided in the Raisin Terms and Conditions.

You can choose to renew your account at any time once it is open (if the option is available). If the renewal rate decreases before your maturity date, we will revoke your order, and contact you to ask you to opt back in to the new rate. If the rate increases, your product renewal request will remain unchanged. Please see our FAQs for more information.

Please ensure you have read and understood all sets of Terms and Conditions before applying for this product.

Because this savings account is a fixed term deposit, withdrawals are not permitted before the maturity date, except if an account holder dies, becomes mentally incapacitated or bankrupt, or in any other exceptional circumstances agreed to by Byblos Bank Europe in its absolute discretion. This savings account does NOT operate on the basis that you can end the fixed term of your savings account prematurely and pay a fee to withdraw your funds sooner. Your savings account will not automatically renew at the end of the fixed term for a further fixed term.

Transfers of funds must be received within 60 calendar days (the funding window) of your savings account application date. Any funds received after this period will be held in your Raisin Account, awaiting your instruction.

Funds must be transferred to your Raisin Account from a UK bank or building society account in your name by electronic bank transfer only, and to the exact amount pledged when you applied for the savings account.

Deposits held with Hoist Finance AB are protected by the Swedish Depositor Compensation Scheme. Each eligible customer, as defined by the Deposit Insurance Act, is entitled to compensation for the amount deposited plus accrued interest on his or her account(s) with the bank up to a maximum of the GBP equivalent of SEK 1,050,000 at the time of the compensation case. The maximum deposit size for this product is limited to £70,000, well below the compensation limit’s maximum, however please note that the exact GBP amount of the compensation limit will change over time due to currency fluctuations and there is a risk that the compensation limit’s GBP value may drop below the value of your deposit.

Compensation limits are per person per firm, not per deposit. Be aware that if you have other deposits with this bank (or banking group) then the protection applies only to eligible deposits up to this limit.

Typically, your funds will be remitted to Hoist Finance AB by ClearBank once the bank has confirmed your application. Depending on how your funds are transferred and the bank’s processes it can typically take up to five (5) business days for an ordered account to be set up and start earning interest.

In accordance with the bank's terms and conditions, there is a 14-day grace period right of withdrawal.