Fixed rate short term savings bonds - terms of two years or less

What is classed as a short term saving bond?

Confused.com define a short term bond as any term that is two years or less. This means that from the day you deposit your funds they won't mature until for a set length of time. Withdrawals are usually not permitted during the term, and some bond accounts don't also allow additional deposits so they are usually worth considering for lump sums.

Fixed term bonds with a higher interest return

A fixed bond account means you have to lock your savings away for a set term without access, however by foregoing access to your cash you can earn more interest. Some bonds will pay interest into a seperate savings account so you can potentially use what you earn before it matures but the only way to access your investment would be to close the account.

Short term fixed rate savings bonds


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

Got a question about Short term fixed bonds?

  • Is the bonds interest rate guaranteed?
    Answer: If you select a fixed bond then yes, the rate will stay the same until the account matures. The only difference is tracker bonds, these accounts have variable rates that follow either the base rate or inflation.
  • What length of term should I go for?
    Answer: This depends on your circumstances and savings goals. Typically the longer you agree to deposit your cash then the higher the headline interest rate will be. But this will mean you have to leave your savings locked away for longer as many bonds won't allow you to close or withdraw your money before the term ends.
  • Can I get my cash out in an emergency?
    Answer: Bonds aren't designed for making withdrawals. Some bonds will allow you to close the account and take your money back early but the price of this will usually be a loss of interest your savings have earned up to that point.