Fixed rate bonds

Compare fixed rate bonds

A fixed term bond can offer a long term solution for your savings, with an interest rate guaranteed for a set length of time. If you're investing a lump sum you could find a better return if you lock your money away.

Fixed term bonds with a higher interest return

A fixed rate bond means you have to lock your savings away for a set term without access, however for foregoing access to your cash you can earn more interest as a result.

Fixed rate bonds - Mid to Long term

Ranked in order of Interest Rate (AER)


  • Minimum
    opening balance
  • Interest rate
    (AER)
  • Manage your
    account
  • Withdrawals
    allowed
  • Term
  • Additional
    deposits

Compare more Mid - Long Fixed Term accounts

Fixed rate bonds - Short term

Ranked by highest interest rate (AER)


  • Minimum
    opening balance
  • Interest rate
    (AER)
  • Manage your
    account
  • Withdrawals
    allowed
  • Term
  • Additional
    deposits

Compare more Short Fixed Term accounts

Fixed rate bonds FAQs

  • Do I need to be an existing customer?
    Answer: Some accounts offer higher interest rates to customers who already bank with them to encourage loyalty, whereas some offer their best rates to new customers to bring in new business. Any accounts that are for existing customers will be labeled.
  • What happens when my bond matures?
    Answer: You'll typically be contacted 30 days before the bond is due to mature, you'll then be able to arrange to transfer the money to another account.
  • Will I get the advertised rate?
    Answer: Every customer will get the advertised rate on a fixed rate bond as long as they deposit the required amount. It’s important to check the minimum deposit as these can vary greatly between accounts.

Understanding Savings Accounts

Help & Tips

What is a Fixed Rate Bond?

A fixed rate bond (often called a fixed term bond) is a cash savings account that pays a fixed rate of interest for a fixed term - typically between six months and five years. The rate can be a fixed percentage or, less commonly, a fixed percentage above a variable such as the base rate –known as a tracker bond. A fixed rate bond may be the right account for you if you have a lump sum to save and do not need access to your money until the end of the term.

A key benefit of opening a bond is that it allows you to work out exactly how much interest you will earn over the length of the term, as the rate will not change for the length of the bond, whatever happens to the wider economy. The general rule is that the longer the term, the higher the interest rate, although this is not always the case and it’s always worth considering different terms.

Key things to consider

It’s important to choose your bond carefully and to check the terms and conditions before you open the account, as many accounts do not allow additional deposits or early withdrawals. Some accounts may allow you to access your money but you would incur a penalty (typically 120 days interest) whereas some allow no access under any circumstances.

Opening a fixed rate bond locks in the interest rate, so if the Bank of England base rate were to fall significantly your interest rate would not fall with it, protecting your savings from falling rates. However if the base rates were to rise then interest rate wouldn’t change – so potentially you could miss out on higher rates.

Our Savings Guide has more information on all types of savings accounts, including Fixed Rate Bonds.