Does the price of gold affect my fixed-rate savings account?

Your deposit and return in your fixed-rate safe is not affected by movements in the gold price.

Your fixed-rate safe will show your balance in GBP as well as Tally. Unlike your everyday account, where the GBP value fluctuates (up and down) in relation to Tally (i.e. the gold price), the GBP balance in your fixed-rate safe is locked in as soon as your deposit arrives.

So, whilst your Tally balance will fluctuate in accordance with the price of gold, this will not impact your GBP deposit value or your GBP 2% return at the end of your fixed term.