Bank Savings

This is the Bank Savings book — it takes no risk and makes no decisions. The same money sits in a one-year fixed-rate bond, rolled into a fresh one every time the term ends, for ever.
It runs itself: nobody chooses the rate, and there is nothing to fill in. Each term opens at the rate the Bank of England says UK banks were actually paying that month. It exists to answer the question the other two tabs beg — was any of the cleverness worth doing? If a strategy cannot beat this, the strategy is not earning its keep.
See every term ↓
Current rate · term 1 of an endless ladder
4.12%
£50,000.00 → £50,477.91 · +0.96% since 2026-07-28
DEMORECORD RUNNING · since 2026-07-28, never reset · 4.12% until 2027-07-28, then rolls
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Value
£50,477.91
Total return
+0.96%
Maximum drawdown
0.00%
Interest earned
£477.91
This term ends in
279 days / 12m
This is the average rate, not the best one. The figure comes from the Bank of England's published series for what UK banks were actually paying on one-year fixed bonds — an average across the whole market. A best-buy table usually pays around 0.4 to 0.6 points more. So this yardstick is deliberately conservative, and the two trading books have the easier job against it: beating it comfortably means something, beating it narrowly may still be losing to an account you could actually have opened. It is used this way because it is official, free and machine-readable, so the book can run itself for ever without anyone typing in a number that could be wrong.
This money is locked. Unlike the other two books, the line above is not cash you could reach today — it is what the money is earning. The current term ends 2027-07-28, 279 days from now, and breaking a fixed-rate bond early typically costs 90–365 days' interest. That is the trade this book makes: a known return, in exchange for not being able to change its mind.

The record so far — what the money is worth

❓ New here? How the Bank Savings book works Why a do-nothing benchmark is the most useful tab on the site, where the rate comes from, and what “locked” costs you — explained from scratch, with diagrams.

Every term, since the beginning

TermRateOpenedMaturesOpened withWorthInterestRate source
Term 1
running		4.12%2026-07-282027-07-28£50,000.00£50,477.91£477.91Bank of England series IUMWTFA
published 2026-06-30
What the Bank of England publishes. These are its own monthly averages across the whole UK market:
  • average instant-access account, households: 2.06% (2026-09-30)
  • average one-year fixed-rate bond, households: 4.35% (2026-09-30)
This book uses the one-year fixed figure. The instant-access one is shown because it is the honest floor — what the money would have earned staying reachable instead of being locked away. The figures are published monthly, so they are refreshed about once a month and no more often: this book has no nightly run and needs none.
Bank Savings — this book takes no risk and makes no decisions. £50,000.00 was placed on 2026-07-28 in a one-year fixed-rate bond and has been rolled into a fresh term every year since — 1 term so far. Nobody picks the rate and there is nothing to fill in: each term opens at the rate the Bank of England had published by that day, so the book never uses a figure that was not yet known when it committed.

Three things this book cannot tell you. It is gross, like the other two — in reality savings interest above the Personal Savings Allowance is taxed and trading gains face capital gains tax, and neither book models either. It ignores inflation: 4.12% while prices rise 3% is a real return closer to 1.12%, and the same erosion applies to every number on this site. And it is locked, so its flexibility is worse than the figure suggests, not better.

No reset exists, here or anywhere on this site.

← The Breakout book ❓ How the Bank Savings book works

Simulated record: what the system would have done, timestamped and cost-adjusted. Not a projection, not advice.v12.0 (2026-10-21)