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Can I open more than one Fixed Term Savings Account?

Yes, you can open multiple Fixed Term Savings accounts if you wish to diversify your terms and interest rates. However, be mindful of the FSCS protection limit of £120,000 per bank. If your total savings exceed this amount, any additional funds will not be covered by FSCS.

Please be aware that if you already have for example a 6 month fixed term product with GB bank, you will not be able to open another 6 month fixed term product with GB Bank at the same AER.

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