Idea

Understanding Different Savings Tenors and How They Work

by

iFAST Global Bank

13 Apr 2026 · visibility 1617 views

When it comes to growing your money, choosing the right savings tenor can make all the difference. 

A tenor simply refers to how long you keep your money deposited — and it directly impacts how much interest you can earn and how flexible your funds remain. 


Here’s a simple breakdown: 

Flexible Cash ISA (GBP only) 

  • Earn tax-free interest on savings up to £20,000 annually 
  • Withdraw and redeposit within the same tax year without affecting your allowance 
  • Ideal for savers who want both growth and flexibility 

Fixed Term Deposit (1–60 months, 8 currencies) 

  • Lock in competitive, guaranteed interest rates 
  • Know exactly how much you’ll earn from the start 
  • Available in 8 currencies to help diversify your savings 
  • Best suited for long-term, stable growth 

Notice Deposit (GBP, USD, HKD) 

  • Earn enhanced interest rates 
  • Access your funds with a 95-day notice period 
  • A smart option for short- to medium-term goals (e.g. property, major expenses) 

 

With iFAST Global Bank, you’re not limited to one approach: 

  • Choose from a range of tenors from 1 to 60 months 
  • Access multi-currency deposits to diversify your savings 
  • Lock in competitive rates with full transparency 
  • Combine products like Fixed Term Deposits (for higher returns) and Notice Deposits (for flexibility) 

Why it matters 

The right tenor helps you balance: 

  • Liquidity — when you need access to your money 
  • Returns — how much your money can grow 

With a clear understanding of your goals, you can structure your savings to work smarter — not just harder. 

Take control of your financial future by choosing the tenor that fits your timeline — all within your iFAST app.

Tags

Useful Guide
Savings

iFAST Global Bank is a member of the Financial Services Compensation Scheme (FSCS).

iFAST Global Bank is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority. Our Financial Services Register number is 716167. We are registered in England and Wales, our company number is 4797759.

Please note that the provided details serve as general information and should not be considered as financial advice or endorsements. We strongly advise customers to diligently carry out their own research and consider seeking expert guidance for tailored financial choices.