Compare fixed rate bonds.

If you’re looking to invest a lump sum, a fixed rate bond could be perfect. It pays a guaranteed amount of interest for a set length of time. You probably won’t be allowed to access your savings during the fixed term, so invest money you can afford to lock away.

Compare one year fixed rate bonds - featured accounts - Ordered by interest rate (AER)

Apply for the accounts below today or see all fixed rate bond accounts

  1. Great for
    Large deposits, invested over a short term period
    Simple online application, and online banking access
    But be aware that
    No withdrawals are allowed during the fixed term of this product
    Interest must be paid into an Investec easy access account, which also pays interest. This will automatically be opened as part of your online application
    • Provider/Product name 1 Year Fixed Rate Bond

      BM Savings

      1 Year Fixed Rate Bond

    • Interest rate (AER) 1.75% Fixed
    • Min/Max opening amount £1 to £10,000,000
    • Notice / Term Term: 1 year bond
    • Account type Fixed Rate Bond
    • Access Internet Post Telephone In Branch
    • Go to site

    Great for
    1.75% gross/AER fixed. Open from £1
    Apply online or via telephone
    Interest paid annually as shown or monthly at lower gross rates
    But be aware that
    Monthly interest cannot be paid back to the account
    No withdrawals or additional deposits can be made
  2. Great for
    Choice between annual interest of 1.75% gross/AER or monthly interest of 1.74% gross/1.75% AER fixed
    Viewing your account online with Tesco Bank’s secure Online Banking service
    But be aware that
    No withdrawals or additional deposits are allowed during the term of the product
    • Provider/Product name AA 1 Year Fixed Rate Savings

      AA

      AA 1 Year Fixed Rate Savings

    • Interest rate (AER) 1.70% Fixed
    • Min/Max opening amount £1 to £5,000,000
    • Notice / Term Term: 1 year bond
    • Account type Fixed Rate Bond
    • Access Internet Post Telephone In Branch
    • Go to site

    Great for
    1.70% gross/AER fixed
    Apply online or by telephone
    Interest paid annually as shown
    But be aware that
    No withdrawals or additional deposits can be made
  3. Exclusive

    Available to Moneysupermarket.com customers only

    Great for
    Applying and viewing your balances online
    UK based bank with FSCS protection
    But be aware that
    No withdrawals are allowed during the fixed term of this product
  4. Great for
    Interest paid on a semi-annual basis
    But be aware that
    No funds transferrable in or out of account
  5. Anticipated Profit Rate

    BLME will only invest your funds into Sharia'a compliant investments

    Great for
    Largest Islamic bank in Europe, regulated by the PRA and FCA with FSCS protection
    BLME will only invest your funds into Sharia’a compliant investments
    But be aware that
    No withdrawals are allowed during the fixed term of this product
  6. Great for
    A choice between monthly or annual interest
    Available to new and existing customers
    But be aware that
    Early account closure or withdrawals are not permitted during the fixed term
    No additional deposits can be made after 30 days of opening your account
    • Provider/Product name Fixed Online Saver

      Halifax

      Fixed Online Saver

    • Interest rate (AER) 1.40% Fixed
    • Min/Max opening amount £500 to £9,000,000
    • Notice / Term Term: 1 year bond
    • Account type Fixed Rate Bond
    • Access Internet Post Telephone In Branch
    • Go to site

    Savers Prize Draw

    Three top prizes of £100,000 to be won every month

    Great for
    Choose annual interest of 1.40% gross/AER fixed or monthly interest of 1.39% gross/1.40% AER fixed
    Halifax Savers Prize Draw: Register and hold £5,000+ in qualifying Halifax and/or Bank of Scotland savings accounts for the whole calendar month before each draw. Customers living in England, Wales & Scotland aged 18+ only (Not NI)
    But be aware that
    No withdrawals or additional deposits are allowed during the term of the product
    Early closure is allowed subject to the loss of 90 days gross interest

Compare 18 month fixed rate bonds - featured accounts - Ordered by interest rate (AER)

Apply for the accounts below today or see all fixed rate bond accounts

  1. Anticipated Profit Rate

    BLME will only invest your funds into Sharia'a compliant investments

    Great for
    Largest Islamic bank in Europe, regulated by the PRA and FCA with FSCS protection
    BLME will only invest your funds into Sharia’a compliant investments
    But be aware that
    No withdrawals are allowed during the fixed term of this product

Compare two year fixed rate bonds - featured accounts - Ordered by interest rate (AER)

Apply for the accounts below today or see all fixed rate bond accounts

  1. Anticipated Profit Rate

    BLME will only invest your funds into Sharia'a compliant investments

    Great for
    Largest Islamic bank in Europe, regulated by the PRA and FCA with FSCS protection
    BLME will only invest your funds into Sharia’a compliant investments
    But be aware that
    No withdrawals are allowed during the fixed term of this product
  2. Great for
    Large deposits, invested over a short term period
    Simple online application and online banking access
    But be aware that
    No withdrawals are allowed during the fixed term of this product
    Minimum investment £25,000
    Interest must be paid into an Investec easy access account, which also pays interest. This will automatically be opened as part of your online application
    • Provider/Product name 2 Year Fixed Rate Savings

      Saga

      2 Year Fixed Rate Savings

    • Interest rate (AER) 2.10% Fixed
    • Min/Max opening amount £1 to £10,000,000
    • Notice / Term Term: 2 year bond
    • Account type Fixed Rate Bond
    • Access Internet Post Telephone In Branch
    • Go to site

    Great for
    2.10% gross/AER fixed. Open from £1
    Apply online or by telephone
    Interest paid annually as shown or monthly at a lower gross rate
    But be aware that
    Withdrawals are allowed subject to a charge. The charge will depend on the remaining term of the account and is the equivalent number of days' gross interest of between 90 and 180 days gross interest;
    The charge will be taken from the account balance and, depending on when the withdrawal is made, may result in you getting back less than you originally deposited
    No additional deposits can be made
  3. Great for
    Opening and managing your account online
    UK based bank with FSCS protection
    But be aware that
    No additional deposits or withdrawals are permitted during the term of the product
  4. Great for
    Choice between annual interest of 2.10% gross/AER fixed or monthly interest of 2.08% gross/2.10% AER fixed
    Viewing your account online with Tesco Bank’s secure Online Banking service
    But be aware that
    No withdrawals or additional deposits are allowed during the term of the product
  5. Exclusive

    Available to Moneysupermarket.com customers only

    Great for
    Applying and viewing your balances online
    UK based bank with FSCS protection
    But be aware that
    No withdrawals are allowed during the fixed term of this product
  6. Great for
    A choice between monthly or annual interest
    Available to new and existing customers
    But be aware that
    Early account closure or withdrawals are not permitted during the fixed term
    No additional deposits can be made after 30 days of opening your account
    • Provider/Product name Fixed Online Saver

      Halifax

      Fixed Online Saver

    • Interest rate (AER) 1.60% Fixed
    • Min/Max opening amount £500 to £9,000,000
    • Notice / Term Term: 2 year bond
    • Account type Fixed Rate Bond
    • Access Internet Post Telephone In Branch
    • Go to site

    Savers Prize Draw

    Three top prizes of £100,000 to be won every month

    Great for
    Choose annual interest of 1.60% gross/AER fixed or monthly interest of 1.59% gross/1.60% AER fixed
    Halifax Savers Prize Draw: Register and hold £5,000+ in qualifying Halifax and/or Bank of Scotland savings accounts for the whole calendar month before each draw. Customers living in England, Wales & Scotland aged 18+ only (Not NI)
    But be aware that
    No withdrawals or additional deposits are allowed during the term of the product
    Early closure is allowed subject to the loss of 180 days gross interest

Compare three year fixed rate bonds - featured accounts - Ordered by interest rate (AER)

Apply for the accounts below today or see all fixed rate bond accounts

  1. Anticipated Profit Rate

    BLME will only invest your funds into Sharia'a compliant investments

    Great for
    Largest Islamic bank in Europe, regulated by the PRA and FCA with FSCS protection
    BLME will only invest your funds into Sharia’a compliant investments
    But be aware that
    No withdrawals are allowed during the fixed term of this product
  2. Great for
    A choice between monthly or annual interest
    But be aware that
    No withdrawals are allowed during the fixed term of this product
    Interest must be paid into an Investec easy access account, which also pays interest. This will automatically be opened as part of your online application
  3. Great for
    This product follows the base rate, it will always pay 1.00% above the Bank of England base rate;
    Therefore, if rates rise, your savings rate will too
    It will never drop below 2.60% AER
    But be aware that
    You must invest a minimum of £25,000 to open the account
    Interest must be paid into an Investec easy access account, which also pays interest. This will automatically be opened as part of your online application
    Withdrawals are not permitted within the fixed term
  4. Great for
    Applying online
    Interest paid annually
    FSCS protected - £85k per person
    But be aware that
    Withdrawals not permitted within the fixed term
  5. Great for
    UK based bank with FSCS protection
    Choice between monthly or annual interest
    Supported by a dedicated UK based Customer Service team
    But be aware that
    No withdrawals allowed within the term and no additional contributions permitted
  6. Great for
    Choice between annual interest of 2.40% gross/AER or monthly interest of 2.37% gross/2.40% AER fixed
    Viewing your account online with Tesco Bank’s secure Online Banking service
    But be aware that
    No withdrawals or additional deposits are allowed during the term of the product
  7. Exclusive

    Available to Moneysupermarket.com customers only

    Great for
    Applying and viewing your balances online
    UK based bank with FSCS protection
    But be aware that
    No withdrawals are allowed during the fixed term of this product
  8. Great for
    A choice between monthly or annual interest
    Available to new and existing customers
    But be aware that
    Early account closure or withdrawals are not permitted during the fixed term
    No additional deposits can be made after 30 days of opening your account
    • Provider/Product name Fixed Online Saver

      Halifax

      Fixed Online Saver

    • Interest rate (AER) 1.75% Fixed
    • Min/Max opening amount £500 to £9,000,000
    • Notice / Term Term: 3 year bond
    • Account type Fixed Rate Bond
    • Access Internet Post Telephone In Branch
    • Go to site

    Savers Prize Draw

    Three top prizes of £100,000 to be won every month

    Great for
    Choose annual interest of 1.75% gross/AER fixed or monthly interest of 1.74% gross/1.75% AER fixed
    Halifax Savers Prize Draw: Register and hold £5,000+ in qualifying Halifax and/or Bank of Scotland savings accounts for the whole calendar month before each draw. Customers living in England, Wales & Scotland aged 18+ only (Not NI)
    But be aware that
    No withdrawals or additional deposits are allowed during the term of the product
    Early closure is allowed subject to the loss of 270 days gross interest

Compare four year fixed rate bonds - featured accounts - Ordered by interest rate (AER)

Apply for the accounts below today or see all fixed rate bond accounts

  1. Anticipated Profit Rate

    BLME will only invest your funds into Sharia’a compliant investments

    Great for
    Largest Islamic bank in Europe, regulated by the PRA and FCA with FSCS protection
    BLME will only invest your funds into Sharia’a compliant investments
    But be aware that
    No withdrawals are allowed during the fixed term of this product
  2. Market leading

    Market Leading 4 year Fixed Rate Bond!

    Great for
    UK based bank with FSCS protection
    Choice between monthly or annual interest
    Supported by a dedicated UK based Customer Service team
    But be aware that
    No withdrawals allowed within the term and no additional contributions permitted
  3. Exclusive

    Available to Moneysupermarket.com customers only

    Great for
    Applying and viewing your balances online
    UK based bank with FSCS protection
    But be aware that
    No withdrawals are allowed during the fixed term of this product
    • Provider/Product name Fixed Online Saver

      Halifax

      Fixed Online Saver

    • Interest rate (AER) 1.95% Fixed
    • Min/Max opening amount £500 to £9,000,000
    • Notice / Term Term: 4 year bond
    • Account type Fixed Rate Bond
    • Access Internet Post Telephone In Branch
    • Go to site

    Savers Prize Draw

    Three top prizes of £100,000 to be won every month

    Great for
    Choose annual interest of 1.95% gross/AER fixed or monthly interest of 1.93% gross/ 1.95% AER fixed
    Halifax Savers Prize Draw: Register and hold £5,000+ in qualifying Halifax and/or Bank of Scotland savings accounts for the whole calendar month before each draw. Customers living in England, Wales & Scotland aged 18+ only (Not NI)
    But be aware that
    No withdrawals or additional deposits are allowed during the term of the product
    Early closure is allowed subject to the loss of 320 days gross interest

Compare five year fixed rate bonds - featured accounts - Ordered by interest rate (AER)

Apply for the accounts below today or see all fixed rate bond accounts

  1. Anticipated Profit Rate

    BLME will only invest your funds into Sharia’a compliant investments

    Great for
    Largest Islamic bank in Europe, regulated by the PRA and FCA with FSCS protection
    BLME will only invest your funds into Sharia’a compliant investments
    But be aware that
    No withdrawals are allowed during the fixed term of this product
  2. Great for
    Quick and simple online application
    Long term savers
    Vanquis are a UK based bank with full FSCS protection
    But be aware that
    No withdrawals allowed within the term and no additional contributions permitted
  3. Exclusive

    Available to Moneysupermarket.com customers only

    Great for
    Applying and viewing your balances online
    UK based bank with FSCS protection
    But be aware that
    No withdrawals are allowed during the fixed term of this product
  4. Great for
    Managing online or in branch
    Choice between interest paid monthly, annually or on maturity
    FSCS protected
    But be aware that
    Withdrawals, early closures or additional deposits are not allowed during the fixed term
    • Provider/Product name Fixed Online Saver

      Halifax

      Fixed Online Saver

    • Interest rate (AER) 2.00% Fixed
    • Min/Max opening amount £500 to £9,000,000
    • Notice / Term Term: 5 year bond
    • Account type Fixed Rate Bond
    • Access Internet Post Telephone In Branch
    • Go to site

    Savers Prize Draw

    Three top prizes of £100,000 to be won every month

    Great for
    Choose annual interest of 2.00% gross/AER fixed or monthly interest of 1.98% gross/2.00% AER fixed
    Halifax Savers Prize Draw: Register and hold £5,000+ in qualifying Halifax and/or Bank of Scotland savings accounts for the whole calendar month before each draw. Customers living in England, Wales & Scotland aged 18+ only (Not NI)
    But be aware that
    No withdrawals or additional deposits are allowed during the term of the product
    Early closure is allowed subject to the loss of 365 days gross interest

Fixed Rate Bonds Guide

What are fixed rate bonds?

Fixed rate bonds are usually savings accounts that pay a set rate of interest, agreed at the outset, for a certain term.

The interest rates available are generally higher than those on easy-access accounts – especially if you opt for a fixed rate bond that lasts for two years or more.

You will, however, pay a penalty if you need to make a withdrawal within the fixed term.

Consequently, fixed rate bonds are only suitable for savers who are prepared to lock their cash away for a few years.

Read more

What types of fixed rate bonds are available?

Most banks and building societies offer fixed rate bonds lasting for anything from six months to five years.

You will need to invest a lump sum to benefit, as you cannot generally add to your initial deposit as you might with an easy access account.

To qualify for some of the most competitive accounts, you may need a large amount. Some have minimum deposits of £10,000 or even £25,000.

However, with more than 100 on the market most of the time, you should be able to find good deals that require as little as £1,000.

What are the advantages of fixed rate bonds?

As mentioned above, fixed rate bonds usually pay higher interest rates than easy access savings accounts.

If you have some cash that you do not need access to for say two or three years, you can boost your returns by opting for a fixed rate account. This is particularly true should interest rates fall during the term.

But beware: you may find yourself locked into an uncompetitive rate should rates start to rise while your money is locked away in a fixed rate bond.

This is why shorter-term fixed rate bonds tend to be more popular, despite those lasting longer offering superior rates of return.

Either way, the simplicity of these products makes them a straightforward way to save – particularly if you can afford to keep some rainy day savings in an easy access account.

If you lack discipline, fixed rate bonds are also a good way of ensuring that you leave your nest egg untouched for a certain length of time.

And as long as the bank or building society offering the fixed rate bond is authorised by the Financial Services Authority, the Financial Services Compensation Scheme will cover deposits of up to £85,000. Please ensure you check this as some banks and organsiations do not offer FSCS cover and therefore there is a risk to your deposit when opting to save your money with that organization.

Why should you use MoneySupermarket.com to compare fixed rate bonds?

As with all types of savings accounts, the rates available on fixed rate bonds vary widely. What’s more, the best ones often sell out – or reach their target – within a week or two.

MoneySupermarket.com allows you to compare the whole fixed rate bond market in a matter of seconds. It also offers information about how to open a fixed rate bond, most of which can be opened online, over the phone or in a branch. You can therefore find the best deal quickly and easily, whether you want an account that lasts for six months or five years.

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