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 short term 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
    Allows unlimited top-ups for first 30 days
    Support 7 days a week and a choice of monthly or annual interest
    Part of Renault’s global banking group
    But be aware that
    Customers are protected up to €100,000 by the French deposit guarantee scheme. This may be different to the £75-85,000 protected by the UK's deposit guarantee scheme.
  2. Exclusive

    Exclusive to MoneySuperMarket customers only!

    Great for
    Online application
    Bank of Cyprus UK is a UK based bank so the first £85,000 of your cash is fully protected under the FSCS (Financial Services Compensation Scheme)
    But be aware that
    Withdrawals within the fixed term are not permitted
  3. Great for
    Choose annual interest of 1.90% gross/AER fixed or monthly interest of 1.88% gross/1.90% AER fixed
    Apply online or by phone
    But be aware that
    Monthly interest cannot be paid back to the account
    No additional deposit or withdrawals allowed
  4. Great for
    A choice between monthly or annual interest
    But be aware that
    Additional deposits, early account closure and withdrawals are not permitted within the fixed term
  5. Great for
    Online application and management
    Bank of Cyprus UK is a UK based bank so the first £85,000 of your cash is fully protected under the FSCS (Financial Services Compensation Scheme)
    But be aware that
    Withdrawals within the fixed term are not permitted
  6. Great for
    Choose annual interest of 1.75% gross/AER fixed or monthly interest of 1.74% gross/1.75% AER fixed
    Apply online or by phone
    But be aware that
    Monthly interest cannot be paid back into the account
    No additional deposits or withdrawals are permitted within the fixed term
    Available to UK residents over 50 only
  7. Great for
    Choose between annual interest of 1.75% Gross/AER fixed 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
  8. Great for
    The rate of interest is fixed for the entire period of the deposit and paid on maturity
    Individual account, or up to a maximum of three individuals can apply for a joint account
    Union Bank of India UK Ltd is a UK based bank so the first £85,000 of your cash is fully protected under the FSCS (Financial Services Compensation Scheme)
    But be aware that
    Premature withdrawals, early closures or additional deposits are not permitted during the term of the deposit
  9. Great for
    UK regulated bank and FSCS protection up to £85,000 per depositor
    1.60% AER for deposits £50,000 to £200,000, 1.50% AER for deposits £30,000 < £50,000, 1.45% AER for deposits £10,000 < £30,000
    Monthly and quarterly interest options
    But be aware that
    Withdrawals are not permitted within the fixed term
  10. Great for
    Online application and management
    Bank of Cyprus UK is a UK based bank so the first £85,000 of your cash is fully protected under the FSCS (Financial Services Compensation Scheme)
    But be aware that
    Withdrawals within the fixed term are not permitted
  11. Great for
    A choice between monthly or annual interest
    Available to new and existing customers
    But be aware that
    Withdrawals or early closures are not permitted within the fixed term
    No additional deposits can be made after 30 days from opening your account
  12. Great for
    Simple online application
    But be aware that
    Withdrawals are not permitted within the fixed term
  13. 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
    Withdrawals are not permitted within the fixed term

Compare 15 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. Exclusive

    Exclusive to MoneySuperMarket customers only!

    Great for
    Online application and management
    Bank of Cyprus UK is a UK based bank so the first £85,000 of your cash is fully protected under the FSCS (Financial Services Compensation Scheme)
    But be aware that
    Withdrawals within the fixed term are not permitted

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. Exclusive

    Exclusive to MoneySuperMarket customers only!

    Great for
    Online application and management
    Bank of Cyprus UK is a UK based bank so the first £85,000 of your cash is fully protected under the FSCS (Financial Services Compensation Scheme)
    But be aware that
    Withdrawals within the fixed term are not permitted
  2. 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
    Withdrawals are not permitted within the fixed term
  3. Great for
    A choice between monthly or annual interest
    Minimum investment £1,000; maximum £1,000,000 (single) or £2,000,000 (joint)
    But be aware that
    No additional investments are allowed to this account during the 18 month term
    No withdrawals can be made from this account during the 18 month term

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. Great for
    Allows unlimited top-ups for first 30 days
    Support 7 days a week and a choice of monthly or annual interest
    Part of Renault’s global banking group
    But be aware that
    Customers are protected up to €100,000 by the French deposit guarantee scheme. This may be different to the £75-85,000 protected by the UK's deposit guarantee scheme.
  2. Great for
    A choice between monthly or annual interest
    But be aware that
    Additional deposits, early account closure and withdrawals are not permitted within the fixed term
  3. Great for
    Choose annual interest of 2.10% gross/AER fixed or monthly interest of 2.08% gross/2.10% AER fixed
    Apply online or by phone
    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 of either 90 or 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
    Additional deposits are not permitted. Available to UK residents over 50 only
  4. Great for
    Online application and management
    Bank of Cyprus UK is a UK based bank so the first £85,000 of your cash is fully protected under the FSCS (Financial Services Compensation Scheme)
    But be aware that
    Withdrawals within the fixed term are not permitted
  5. Great for
    Choose 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
  6. Great for
    The rate of interest is fixed for the entire period of the deposit and paid on maturity
    Individual account, or up to a maximum of three individuals can apply for a joint account
    Union Bank of India UK Ltd is a UK based bank so the first £85,000 of your cash is fully protected under the FSCS (Financial Services Compensation Scheme)
    But be aware that
    Premature withdrawals, early closures or additional deposits are not permitted during the term of the deposit
  7. Great for
    Opening and viewing your account online
    But be aware that
    Withdrawals are not permitted within the fixed term
  8. Great for
    UK regulated bank and FSCS protection up to £85,000 per depositor
    1.90% AER for deposits £50,000 to £200,000, 1.85% AER for deposits £30,000 < £50,000, 1.80% AER for deposits £10,000 < £30,000
    Monthly and quarterly interest options
    But be aware that
    Withdrawals are not permitted within the fixed term
  9. 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
    Withdrawals are not permitted within the fixed term
    • Provider/Product name Fixed Rate Saver

      Sainsbury's

      Fixed Rate Saver

    • Interest rate (AER) 1.75% Fixed
    • Min/Max opening amount £5,000 to £50,000
    • Notice / Term Term: 2 year bond
    • Account type Fixed Rate Bond
    • Access Internet Post Telephone In Branch
    • Go to site

    Great for
    A choice between monthly or annual interest
    Available to new and existing customers
    But be aware that
    Withdrawals or early closures are not permitted within the fixed term
    No additional deposits can be made after 30 days from opening your account

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. Great for
    Online application with a guaranteed rate of interest for full term of product
    Available as sole or joint accounts
    FSCS protection up to £85,000 per depositor
    But be aware that
    Early withdrawals are subject to a penalty
    Available to UK residents aged 18 or over who have an account with an existing UK bank
  2. Great for
    Online application and management
    Bank of Cyprus UK is a UK based bank so the first £85,000 of your cash is fully protected under the FSCS (Financial Services Compensation Scheme)
    But be aware that
    Withdrawals within the fixed term are not permitted
  3. Great for
    The rate of interest is fixed for the entire period of the deposit and paid on maturity
    Individual account, or up to a maximum of three individuals can apply for a joint account
    Union Bank of India UK Ltd is a UK based bank so the first £85,000 of your cash is fully protected under the FSCS (Financial Services Compensation Scheme)
    But be aware that
    Premature withdrawals, early closures or additional deposits are not permitted during the term of the deposit
  4. Great for
    A choice between monthly or annual interest
    But be aware that
    Additional deposits, early account closure and withdrawals are not permitted within the fixed term
  5. Great for
    Choose between annual interest of 2.30% Gross/AER fixed or monthly interest of 2.28% Gross/2.30% 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
  6. Great for
    Choose annual interest of 2.15% gross/AER fixed or monthly interest of 2.13% gross/2.15% AER fixed
    Applying online or by phone
    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 of either 90, 180 or 270 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
    Additional deposits are not permitted. Available to UK residents over 50 only
  7. Great for
    Opening and viewing your account online
    But be aware that
    Withdrawals are not permitted within the fixed term
  8. Great for
    UK regulated bank and FSCS protection up to £85,000 per depositor
    2.10% AER for deposits £50,000 to £200,000, 2.05% AER for deposits £30,000 < £50,000, 2.00% AER for deposits £10,000 < £30,000
    Monthly and quarterly interest options
    But be aware that
    Withdrawals are not permitted within the fixed term
  9. 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
    Withdrawals are not permitted within the fixed term
    • Provider/Product name Fixed Rate Saver

      Sainsbury's

      Fixed Rate Saver

    • Interest rate (AER) 2.00% Fixed
    • Min/Max opening amount £5,000 to £50,000
    • Notice / Term Term: 3 year bond
    • Account type Fixed Rate Bond
    • Access Internet Post Telephone In Branch
    • Go to site

    Great for
    A choice between monthly or annual interest
    Available to new and existing customers
    But be aware that
    Withdrawals or early closures are not permitted within the fixed term
    No additional deposits can be made after 30 days from opening your account

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. Great for
    The rate of interest is fixed for the entire period of the deposit and paid on maturity
    Individual account, or up to a maximum of three individuals can apply for a joint account
    Union Bank of India UK Ltd is a UK based bank so the first £85,000 of your cash is fully protected under the FSCS (Financial Services Compensation Scheme)
    But be aware that
    Premature withdrawals, early closures or additional deposits are not permitted during the term of the deposit
  2. Great for
    A choice between monthly or annual interest
    But be aware that
    Additional deposits, early account closure and withdrawals are not permitted within the fixed term
  3. 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
    Withdrawals are not permitted within the fixed term

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. Great for
    Online application with a guaranteed rate of interest for full term of product
    Available as sole or joint accounts
    FSCS protection up to £85,000 per depositor
    But be aware that
    Early withdrawals are subject to a penalty
    Available to UK residents aged 18 or over who have an account with an existing UK bank
  2. Great for
    Managing your account online or in branch
    A choice between interest paid monthly, annually or on maturity
    FSCS protected
    But be aware that
    Additional deposits, early account closure and withdrawals are not permitted within the fixed term
  3. Great for
    The rate of interest is fixed for the entire period of the deposit and paid on maturity
    Individual account, or up to a maximum of three individuals can apply for a joint account
    Union Bank of India UK Ltd is a UK based bank so the first £85,000 of your cash is fully protected under the FSCS (Financial Services Compensation Scheme)
    But be aware that
    Premature withdrawals, early closures or additional deposits are not permitted during the term of the deposit
  4. Great for
    Opening and viewing your account online
    But be aware that
    Withdrawals are not permitted within the fixed term
  5. Great for
    Long term savers
    A choice between monthly or annual interest
    But be aware that
    Additional deposits, early account closure and withdrawals are not permitted within the fixed term
  6. 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
    Withdrawals are not permitted within the fixed term

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 organisations do not offer FSCS cover and therefore there is a risk to your deposit when opting to save your money with that organisation.

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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