The Sensible Way to Make More From Your Retirement Savings

NOTE: 4,25% as of April 2026, check product page for actual rate.

You've spent a lifetime working hard, being careful with money, and doing right by your family. Now, in retirement, the last thing you want is to watch your hard-earned savings quietly lose ground to rising prices — sitting in a current account or old cash ISA earning practically nothing.

If that sounds familiar, you're far from alone. Thousands of pensioners across the Fylde Coast, Blackpool, Lytham St Annes, Chorley, Preston, Ribble and Southport are in exactly the same position. But there's a straightforward, sensible option worth knowing about.

CLEVR Money's 1-Year Fixed Term Savings Account is currently (Apr-2026) offering 4.25% AER — one of the most competitive fixed rates available from a trusted, community-rooted provider in the region.

What Does 4.25% AER Actually Mean for You?

AER stands for Annual Equivalent Rate — it's simply how much interest your savings will earn over a full year, so you can compare accounts fairly.

At 4.25% AER, if you deposit £10,000 for 12 months, you'll earn £425 in interest — with no effort, no risk to your capital, and no nasty surprises. That's a meaningful amount of money. It might cover a few months of energy bills, contribute to a holiday, or simply give you a bit more wiggle room each month.

You can open an account with as little as £5,000, up to a maximum of £20,000. For many pensioners, a portion of a pension lump sum, proceeds from downsizing a home, or simply years of careful saving could be put to much better use here than sitting idle.

Why Fixed Rate Makes Particular Sense in Retirement

When you're living on a pension, certainty matters. You need to know what's coming in — you can't afford nasty surprises.

That's exactly what a fixed rate savings account offers. By locking in at 4.25% gross/AER for a full year, you know precisely what your money will earn. No deductions are made. Just a guaranteed, predictable return on money you've already worked a lifetime to save.

Compare that to many high street banks and building societies, which are still paying a fraction of this on standard savings accounts — quietly letting inflation nibble away at your pot while you're none the wiser. That is apart from the admin and other hidden fees.

Safe, Protected, and Straightforward

We know that peace of mind matters enormously when you've reached retirement. You want to know your money is safe.

Your savings with CLEVR Money are fully protected up to £120,000 by the Financial Services Compensation Scheme (FSCS).

There are no risky investments. Only earning a proper interest rate, for one year — then returned to you in full, with interest on top.

A Local Organisation That Puts People First

CLEVR Money is based in Blackpool, and serve communities stretching from Lancaster to Southport, and Chorley to Preston.

When you save with us, you're not just earning a good return — you're helping your neighbours too. The money you deposit helps us provide affordable loans to local families who need a fair alternative to high-cost credit. Your savings stay in the community, doing good where it counts.

After a lifetime of contributing to your community through your work, your taxes, and your family — this is a way to keep doing that, simply by choosing where you save.

Is This Right for You?

Our 1-Year Fixed Term Savings Account could be a very good fit if you:

• Have a lump sum between £5,000 and £20,000 that you won't need to access for a year

• Want a guaranteed, competitive return without any investment risk

• Are looking for the best fixed rate savings available in Lancashire and the North West

• Want to save with an ethical, community-focused provider you can trust

• Live or work within our common bond area (Postcodes: All FY, LA1-LA4, PR1-PR9, PR25 and PR26)

Getting Started Is Simple

Opening an account takes just a few minutes through our app, or you can visit our Fixed Term Savings Account page for full details. If you're already a CLEVR Money member, you're partway there already.

Don't let your savings sit doing nothing. You worked hard for every penny — your money deserves to work just as hard in return.

4.25% AER. Fixed for one year. FSCS protected. Local, trusted, and on your side.

Ready to make your savings earn properly? Open your Fixed Term Savings Account today.

NOTE: 4.25% AER as of April 2026 — please check our product page for the current rate. CLEVR Money is a not-for-profit credit union authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority. Your eligible deposits are protected up to £120,000 by the FSCS. Fixed rate applies for the full 1-year term. Terms and conditions apply.