Compare fixed rate bonds

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.

 

You can open the accounts below through MoneySuperMarket. We can show you all the accounts on the market, but we can only help you to open some of them.

 

Short term fixed rate bonds - Ordered by interest rate

See all fixed rate bond accounts

QIB UK QIB UK

Raisin UK - 1 Year Fixed Term Deposit

Go to site

Interest rate (AER)

includes bonus of % until

includes bonus of % for month months

Check introductory rate and period with provider

Min/max opening amount

{{productCurrency}}{{1000 | currency : '' : 0}} to {{productCurrency}}{{85000 | currency : '' : 0}}

Term

1 year bond

Account type

{{::product.productAttributes.accountDetails.accountTypeId | mappingFilter : referenceDataMapping}} Transfer in
Go to site
Up to £100 bonus

Up to £100 bonus with Raisin (min £10K deposit - click on Show key information) | This account is Sharia Compliant. As such, the account pays an ‘Expected Profit Rate’ rather than an interest rate.

Great for
  • You can open and manage your account online.
  • UK bank with Financial Services Compensation Scheme protection up to £85,000 per person
  • Up to £100 bonus with Raisin (min £10K deposit). Apply: Sign up via Raisin’s savings marketplace website, agree to T&Cs; Email them with ‘Welcome bonus’ in subject line within 6 months of funding. Once verified, Raisin will credit your account in 14 days
But be aware that
  • You must be over 18 and a UK resident to open this account
  • Additional deposits and withdrawals are not permitted within the fixed term
  • Bonus only available to new customers who fund their first savings product through Raisin UK
Show key information
Close
Go to site

Interest rate (AER)

includes bonus of % until

includes bonus of % for month months

Check introductory rate and period with provider

Min/max opening amount

{{productCurrency}}{{5000 | currency : '' : 0}} to {{productCurrency}}{{340000 | currency : '' : 0}}

Term

1 year bond

Account type

{{::product.productAttributes.accountDetails.accountTypeId | mappingFilter : referenceDataMapping}} Transfer in
Go to site
Great for
  • This fixed rate bond is opened and accessed online
  • You'll get a fixed rate of interest of 1.92% AER - which will be paid at the end of the 12 months
  • Deposit up to £340,000
But be aware that
  • You won't be able to access your deposit or close your account until the end of the bond term
  • You'll need to be aged 18 or over and a UK resident to open an account
  • You won't be able to open or access your account over the phone, in branch or by post
Show key information
Close
Paragon Bank Paragon Bank

1 Year Fixed Rate Savings Account

Go to site

Interest rate (AER)

includes bonus of % until

includes bonus of % for month months

Check introductory rate and period with provider

Min/max opening amount

{{productCurrency}}{{1000 | currency : '' : 0}} to {{productCurrency}}{{100000 | currency : '' : 0}}

Term

1 year bond

Account type

{{::product.productAttributes.accountDetails.accountTypeId | mappingFilter : referenceDataMapping}} Transfer in
Go to site
Great for
  • UK based bank with FSCS protection up to £85,000
  • A guaranteed rate of interest for the full term of the product
  • Opening and managing your account online
But be aware that
  • Online access only
  • You must be over 18 and a UK resident to open this account
Show key information
Close
Wyelands Bank Wyelands Bank

12 Month Fixed Term Account

Go to site

Interest rate (AER)

includes bonus of % until

includes bonus of % for month months

Check introductory rate and period with provider

Min/max opening amount

{{productCurrency}}{{5000 | currency : '' : 0}} to {{productCurrency}}{{1000000 | currency : '' : 0}}

Term

12 month bond

Account type

{{::product.productAttributes.accountDetails.accountTypeId | mappingFilter : referenceDataMapping}} Transfer in
Go to site
Great for
  • Online application and operation
  • FSCS protection up to £85,000 per depositor
But be aware that
  • Withdrawals are not permitted within the fixed term
Show key information
Close
Axis Bank Axis Bank

Fixed Deposit Account

Go to site

Interest rate (AER)

includes bonus of % until

includes bonus of % for month months

Check introductory rate and period with provider

Min/max opening amount

{{productCurrency}}{{1000 | currency : '' : 0}} to {{productCurrency}}{{200000 | currency : '' : 0}}

Term

1 year bond

Account type

{{::product.productAttributes.accountDetails.accountTypeId | mappingFilter : referenceDataMapping}} Transfer in
Go to site
Great for
  • Interest options: monthly, quarterly, annually or upon maturity, with automatic roll-over option
  • Quick and easy online application process
  • FSCS compensation scheme
But be aware that
  • Withdrawals are not permitted within the fixed term
  • You must be aged 18 or over
Show key information
Close
RCI Bank UK RCI Bank UK

Fixed Term Savings Account

Go to site

Interest rate (AER)

includes bonus of % until

includes bonus of % for month months

Check introductory rate and period with provider

Min/max opening amount

{{productCurrency}}{{1000 | currency : '' : 0}} to {{productCurrency}}{{1000000 | currency : '' : 0}}

Term

1 year bond

Account type

{{::product.productAttributes.accountDetails.accountTypeId | mappingFilter : referenceDataMapping}} Transfer in
Go to site
Great for
  • Allows unlimited top-ups for first 30 days
  • Support seven days a week and a choice of monthly or annual interest
  • Part of Renault’s global banking group
But be aware that
  • RCI Bank is part of a French banking group and the first €100,000 equivalent is protected by the French deposit guarantee scheme, rather than by the UK FSCS scheme which protects the first £85,000
Show key information
Close
Wyelands Bank Wyelands Bank

6 Month Fixed Term Account

Go to site

Interest rate (AER)

includes bonus of % until

includes bonus of % for month months

Check introductory rate and period with provider

Min/max opening amount

{{productCurrency}}{{5000 | currency : '' : 0}} to {{productCurrency}}{{1000000 | currency : '' : 0}}

Term

6 month bond

Account type

{{::product.productAttributes.accountDetails.accountTypeId | mappingFilter : referenceDataMapping}} Transfer in
Go to site
Great for
  • Online application and operation
  • FSCS protection up to £85,000 per depositor
But be aware that
  • Withdrawals are not permitted within the fixed term
Show key information
Close
Leeds Building Society Leeds Building Society

1 Year Fixed Rate Bond (Issue 335)

Go to site

Interest rate (AER)

includes bonus of % until

includes bonus of % for month months

Check introductory rate and period with provider

Min/max opening amount

{{productCurrency}}{{100 | currency : '' : 0}} to {{productCurrency}}{{1000000 | currency : '' : 0}}

Term

until 31.03.20

Account type

{{::product.productAttributes.accountDetails.accountTypeId | mappingFilter : referenceDataMapping}} Transfer in
Go to site
Great for
  • Online application
But be aware that
  • Withdrawals are not permitted within the fixed term
  • Post and branch access only
Show key information
Close
Virgin Money Virgin Money

Virgin Atlantic 1 Year Flying Club Savings Issue 7

Go to site

Interest rate (AER)

includes bonus of % until

includes bonus of % for month months

Check introductory rate and period with provider

Min/max opening amount

{{productCurrency}}{{1 | currency : '' : 0}} to {{productCurrency}}{{1000000 | currency : '' : 0}}

Term

until 20.02.20

Account type

{{::product.productAttributes.accountDetails.accountTypeId | mappingFilter : referenceDataMapping}} Transfer in
Go to site
Great for
  • Earning Flying Club miles. Earn, 1,600 miles for every £1,000 you save.
  • Earning a fixed rate of interest. Earn 1.36% AER / Gross with the interest you earn being converted to Flying Club Miles after a year.
  • Getting more for your money. To compare this account to a regular savings account, you'd need to earn 2.40% in interest to buy the same number of miles direct from Virgin Atlantic.
But be aware that
  • Not suitable for regular deposits. This is a limited issue so don't delay.
  • Withdrawals are not allowed within the fixed rate period.
  • Not suitable for customers wanting to receive cash interest after the year. This account only pays out Flying Club miles.
Show key information
Close

 

Two year fixed rate bonds - Ordered by interest rate

Go to site

Interest rate (AER)

includes bonus of % until

includes bonus of % for month months

Check introductory rate and period with provider

Min/max opening amount

{{productCurrency}}{{5000 | currency : '' : 0}} to {{productCurrency}}{{340000 | currency : '' : 0}}

Term

2 year bond

Account type

{{::product.productAttributes.accountDetails.accountTypeId | mappingFilter : referenceDataMapping}} Transfer in
Go to site
Great for
  • This fixed rate bond is opened and accessed online
  • You'll get a fixed rate of interest of 2.28% AER - which will be paid at the end of the 24 months
  • Deposit up to £340,000
But be aware that
  • You won't be able to access your deposit or close your account until the end of the bond term
  • You'll need to be aged 18 or over and a UK resident to open an account
  • You won't be able to open or access your account over the phone, in branch or by post
Show key information
Close
Axis Bank Axis Bank

Fixed Deposit Account

Go to site

Interest rate (AER)

includes bonus of % until

includes bonus of % for month months

Check introductory rate and period with provider

Min/max opening amount

{{productCurrency}}{{1000 | currency : '' : 0}} to {{productCurrency}}{{200000 | currency : '' : 0}}

Term

2 year bond

Account type

{{::product.productAttributes.accountDetails.accountTypeId | mappingFilter : referenceDataMapping}} Transfer in
Go to site
Great for
  • Interest options: monthly, quarterly, annually or upon maturity, with automatic roll-over option
  • Quick and easy online application
  • FSCS compensation scheme
But be aware that
  • Withdrawals are not permitted within the fixed term
  • You must be aged 18 or over
Show key information
Close
Aldermore Aldermore

2 Year Fixed Rate Account

Go to site

Interest rate (AER)

includes bonus of % until

includes bonus of % for month months

Check introductory rate and period with provider

Min/max opening amount

{{productCurrency}}{{1000 | currency : '' : 0}} to {{productCurrency}}{{1000000 | currency : '' : 0}}

Term

2 year bond

Account type

{{::product.productAttributes.accountDetails.accountTypeId | mappingFilter : referenceDataMapping}} Transfer in
Go to site
Great for
  • Peace of mind - know exactly what interest rate you'll earn for a set period and Aldermore will personally write to you before your account matures
  • Open an account with just £1,000
  • Great value - no fees or charges for day-to-day account services
But be aware that
  • No withdrawals, transfers out or closures permitted before the maturity date
  • Aldermore guarantee to pay the interest rates shown provided a deposit is paid into the account within 14 calendar days of the account being opened
  • You'll need to provide Aldermore with details of a UK personal bank or building society account to link to your Aldermore account
Show key information
Close
QIB UK QIB UK

Raisin UK - 2 Year Fixed Term Deposit

Go to site

Interest rate (AER)

includes bonus of % until

includes bonus of % for month months

Check introductory rate and period with provider

Min/max opening amount

{{productCurrency}}{{1000 | currency : '' : 0}} to {{productCurrency}}{{85000 | currency : '' : 0}}

Term

2 year bond

Account type

{{::product.productAttributes.accountDetails.accountTypeId | mappingFilter : referenceDataMapping}} Transfer in
Go to site
Up to £100 bonus

Up to £100 bonus with Raisin (min £10K deposit - click on Show key information) | This account is Sharia Compliant. As such, the account pays an ‘Expected Profit Rate’ rather than an interest rate.

Great for
  • You can open and manage your account online.
  • UK bank with Financial Services Compensation Scheme protection up to £85,000 per person
  • Up to £100 bonus with Raisin (min £10K deposit). Apply: Sign up via Raisin’s savings marketplace website, agree to T&Cs; Email them with ‘Welcome bonus’ in subject line within 6 months of funding. Once verified, Raisin will credit your account in 14 days
But be aware that
  • You must be over 18 and a UK resident to open this account
  • Additional deposits and withdrawals are not permitted within the fixed term
  • Bonus only available to new customers who fund their first savings product through Raisin UK
Show key information
Close
Paragon Bank Paragon Bank

2 Year Fixed Rate Savings Account

Go to site

Interest rate (AER)

includes bonus of % until

includes bonus of % for month months

Check introductory rate and period with provider

Min/max opening amount

{{productCurrency}}{{1000 | currency : '' : 0}} to {{productCurrency}}{{100000 | currency : '' : 0}}

Term

2 year bond

Account type

{{::product.productAttributes.accountDetails.accountTypeId | mappingFilter : referenceDataMapping}} Transfer in
Go to site
Great for
  • UK based bank with FSCS protection up to £85,000
  • Opening and managing your account online
  • A guaranteed rate of interest for the full term of the product
But be aware that
  • Additional deposits and withdrawals are not permitted within the fixed term
  • You must be over 18 and a UK resident to open this account
Show key information
Close
Wyelands Bank Wyelands Bank

24 Month Fixed Term Account

Go to site

Interest rate (AER)

includes bonus of % until

includes bonus of % for month months

Check introductory rate and period with provider

Min/max opening amount

{{productCurrency}}{{5000 | currency : '' : 0}} to {{productCurrency}}{{1000000 | currency : '' : 0}}

Term

24 month bond

Account type

{{::product.productAttributes.accountDetails.accountTypeId | mappingFilter : referenceDataMapping}} Transfer in
Go to site
Great for
  • Online application and operation
  • FSCS protection up to £85,000 per depositor
But be aware that
  • Withdrawals are not permitted within the fixed term
Show key information
Close
RCI Bank UK RCI Bank UK

Fixed Term Savings Account

Go to site

Interest rate (AER)

includes bonus of % until

includes bonus of % for month months

Check introductory rate and period with provider

Min/max opening amount

{{productCurrency}}{{1000 | currency : '' : 0}} to {{productCurrency}}{{1000000 | currency : '' : 0}}

Term

2 year bond

Account type

{{::product.productAttributes.accountDetails.accountTypeId | mappingFilter : referenceDataMapping}} Transfer in
Go to site
Great for
  • Allows unlimited top-ups for first 30 days
  • Support seven days a week and a choice of monthly or annual interest
  • Part of Renault’s global banking group
But be aware that
  • RCI Bank is part of a French banking group and the first €100,000 equivalent is protected by the French deposit guarantee scheme, rather than by the UK FSCS scheme which protects the first £85,000
Show key information
Close
Go to site

Interest rate (AER)

includes bonus of % until

includes bonus of % for month months

Check introductory rate and period with provider

Min/max opening amount

{{productCurrency}}{{100 | currency : '' : 0}} to {{productCurrency}}{{1000000 | currency : '' : 0}}

Term

until 01.11.20

Account type

{{::product.productAttributes.accountDetails.accountTypeId | mappingFilter : referenceDataMapping}} Transfer in
Go to site
Great for
  • Online application
But be aware that
  • Withdrawals are not permitted within the fixed term
Show key information
Close

 

Three year fixed rate bonds - Ordered by interest rate

Aldermore Aldermore

3 Year Fixed Rate Account

Go to site

Interest rate (AER)

includes bonus of % until

includes bonus of % for month months

Check introductory rate and period with provider

Min/max opening amount

{{productCurrency}}{{1000 | currency : '' : 0}} to {{productCurrency}}{{1000000 | currency : '' : 0}}

Term

3 year bond

Account type

{{::product.productAttributes.accountDetails.accountTypeId | mappingFilter : referenceDataMapping}} Transfer in
Go to site
Great for
  • Peace of mind - know exactly what interest rate you'll earn for a set period and Aldermore will personally write to you before your account matures
  • Open an account with just £1,000
  • Great value - no fees or charges for day-to-day account services
But be aware that
  • No withdrawals, transfers out or closures permitted before the maturity date
  • Aldermore guarantee to pay the interest rates shown provided a deposit is paid into the account within 14 calendar days of the account being opened
  • You'll need to provide Aldermore with details of a UK personal bank or building society account to link to your Aldermore account
Show key information
Close
ICICI Bank ICICI Bank

Raisin UK - 3 Year Fixed Term Deposit

Go to site

Interest rate (AER)

includes bonus of % until

includes bonus of % for month months

Check introductory rate and period with provider

Min/max opening amount

{{productCurrency}}{{1000 | currency : '' : 0}} to {{productCurrency}}{{85000 | currency : '' : 0}}

Term

3 year bond

Account type

{{::product.productAttributes.accountDetails.accountTypeId | mappingFilter : referenceDataMapping}} Transfer in
Go to site
UP TO £100 BONUS

UP TO £100 BONUS WITH RAISIN (MIN £10K DEPOSIT). APPLY: SIGN UP VIA RAISIN’S SAVINGS MARKETPLACE WEBSITE, AGREE TO T&CS; EMAIL THEM WITH ‘WELCOME BONUS’ IN SUBJECT LINE WITHIN 6 MONTHS OF FUNDING. ONCE VERIFIED, RAISIN WILL CREDIT YOUR ACCOUNT IN 14 DAYS

Great for
  • You can open and manage your account online
  • UK bank with Financial Services Compensation Scheme protection up to £85,000 per person
  • Up to £100 bonus, for all customers who successfully fund a new fixed term deposit on the Raisin UK savings marketplace.
But be aware that
  • You must be over 18 and a UK resident to open this account
  • Additional deposits and withdrawals are not permitted within the fixed term
  • Bonus only available to new customers who fund their first savings product through Raisin UK
Show key information
Close
Go to site

Interest rate (AER)

includes bonus of % until

includes bonus of % for month months

Check introductory rate and period with provider

Min/max opening amount

{{productCurrency}}{{5000 | currency : '' : 0}} to {{productCurrency}}{{340000 | currency : '' : 0}}

Term

3 year bond

Account type

{{::product.productAttributes.accountDetails.accountTypeId | mappingFilter : referenceDataMapping}} Transfer in
Go to site
Great for
  • This fixed rate bond is opened and accessed online
  • You'll get a fixed rate of interest of 2.40% AER - which will be paid at the end of the 36 months
  • Deposit up to £340,000
But be aware that
  • You won't be able to access your deposit or close your account until the end of the bond term
  • You'll need to be aged 18 or over and a UK resident to open an account
  • You won't be able to open or access your account over the phone, in branch or by post
Show key information
Close
Paragon Bank Paragon Bank

3 Year Fixed Rate Savings Account

Go to site

Interest rate (AER)

includes bonus of % until

includes bonus of % for month months

Check introductory rate and period with provider

Min/max opening amount

{{productCurrency}}{{1000 | currency : '' : 0}} to {{productCurrency}}{{100000 | currency : '' : 0}}

Term

3 year bond

Account type

{{::product.productAttributes.accountDetails.accountTypeId | mappingFilter : referenceDataMapping}} Transfer in
Go to site
Great for
  • UK based bank with FSCS protection up to £85,000
  • Opening and managing your account online
  • A guaranteed rate of interest for the full term of the product
But be aware that
  • Additional deposits and withdrawals are not permitted within the fixed term
  • You must be over 18 and a UK resident to open this account
Show key information
Close
RCI Bank UK RCI Bank UK

Fixed Term Savings Account

Go to site

Interest rate (AER)

includes bonus of % until

includes bonus of % for month months

Check introductory rate and period with provider

Min/max opening amount

{{productCurrency}}{{1000 | currency : '' : 0}} to {{productCurrency}}{{1000000 | currency : '' : 0}}

Term

3 year bond

Account type

{{::product.productAttributes.accountDetails.accountTypeId | mappingFilter : referenceDataMapping}} Transfer in
Go to site
Great for
  • Allows unlimited top-ups for first 30 days
  • Support seven days a week and a choice of monthly or annual interest
  • Part of Renault’s global banking group
But be aware that
  • RCI Bank is part of a French banking group and the first €100,000 equivalent is protected by the French deposit guarantee scheme, rather than by the UK FSCS scheme which protects the first £85,000
Show key information
Close
Axis Bank Axis Bank

Fixed Deposit Account

Go to site

Interest rate (AER)

includes bonus of % until

includes bonus of % for month months

Check introductory rate and period with provider

Min/max opening amount

{{productCurrency}}{{1000 | currency : '' : 0}} to {{productCurrency}}{{200000 | currency : '' : 0}}

Term

3 year bond

Account type

{{::product.productAttributes.accountDetails.accountTypeId | mappingFilter : referenceDataMapping}} Transfer in
Go to site
Great for
  • Interest options: monthly, quarterly, annually or upon maturity, with automatic roll-over option
  • Quick and easy online application process
  • FSCS compensation scheme
But be aware that
  • Withdrawals are not permitted within the fixed term
  • You must be aged 18 or over
Show key information
Close

 

Four year fixed rate bonds - Ordered by interest rate

Go to site

Interest rate (AER)

includes bonus of % until

includes bonus of % for month months

Check introductory rate and period with provider

Min/max opening amount

{{productCurrency}}{{5000 | currency : '' : 0}} to {{productCurrency}}{{340000 | currency : '' : 0}}

Term

4 year bond

Account type

{{::product.productAttributes.accountDetails.accountTypeId | mappingFilter : referenceDataMapping}} Transfer in
Go to site
Great for
  • This fixed rate bond is opened and accessed online
  • You'll get a fixed rate of interest of 2.50% AER - which will be paid at the end of the 48 months
  • Deposit up to £340,000
But be aware that
  • You won't be able to access your deposit or close your account until the end of the bond term
  • You'll need to be aged 18 or over and a UK resident to open an account
  • You won't be able to open or access your account over the phone, in branch or by post
Show key information
Close

 

Five year fixed rate bonds - Ordered by interest rate

Gatehouse Bank Gatehouse Bank

Raisin UK - 5 Year Fixed Term Deposit

Go to site

Interest rate (AER)

includes bonus of % until

includes bonus of % for month months

Check introductory rate and period with provider

Min/max opening amount

{{productCurrency}}{{1000 | currency : '' : 0}} to {{productCurrency}}{{85000 | currency : '' : 0}}

Term

5 year bond

Account type

{{::product.productAttributes.accountDetails.accountTypeId | mappingFilter : referenceDataMapping}} Transfer in
Go to site
UP TO £100 BONUS

UP TO £100 BONUS WITH RAISIN (MIN £10K DEPOSIT - CLICK ON SHOW KEY INFORMATION) | THIS ACCOUNT IS SHARIA COMPLIANT. AS SUCH, THE ACCOUNT PAYS AN ‘EXPECTED PROFIT RATE’ RATHER THAN AN INTEREST RATE.

Great for
  • You can open and manage your account online
  • UK bank with Financial Services Compensation Scheme protection up to £85,000 per person
  • Up to £100 bonus with Raisin (min £10K deposit). Apply: Sign up via Raisin’s savings marketplace website, agree to T&Cs; Email them with ‘Welcome bonus’ in subject line within 6 months of funding. Once verified, Raisin will credit your account in 14 days
But be aware that
  • You must be over 18 and a UK resident to open this account
  • Additional deposits and withdrawals are not permitted within the fixed term
  • Bonus only available to new customers who fund their first savings product through Raisin UK
Show key information
Close
Go to site

Interest rate (AER)

includes bonus of % until

includes bonus of % for month months

Check introductory rate and period with provider

Min/max opening amount

{{productCurrency}}{{5000 | currency : '' : 0}} to {{productCurrency}}{{340000 | currency : '' : 0}}

Term

5 year bond

Account type

{{::product.productAttributes.accountDetails.accountTypeId | mappingFilter : referenceDataMapping}} Transfer in
Go to site
Great for
  • This fixed rate bond is opened and accessed online
  • You'll get a fixed rate of interest of 2.60% AER - which will be paid at the end of the 60 months
  • Deposit up to £340,000
But be aware that
  • You won't be able to access your deposit or close your account until the end of the bond term
  • You'll need to be aged 18 or over and a UK resident to open an account
  • You won't be able to open or access your account over the phone, in branch or by post
Show key information
Close
Aldermore Aldermore

5 Year Fixed Rate Account

Go to site

Interest rate (AER)

includes bonus of % until

includes bonus of % for month months

Check introductory rate and period with provider

Min/max opening amount

{{productCurrency}}{{1000 | currency : '' : 0}} to {{productCurrency}}{{1000000 | currency : '' : 0}}

Term

5 year bond

Account type

{{::product.productAttributes.accountDetails.accountTypeId | mappingFilter : referenceDataMapping}} Transfer in
Go to site
Great for
  • Peace of mind - know exactly what interest rate you'll earn for a set period and Aldermore will personally write to you before your account matures
  • Open an account with just £1,000
  • Great value - no fees or charges for day-to-day account services
But be aware that
  • No withdrawals, transfers out or closures permitted before the maturity date
  • Aldermore guarantee to pay the interest rates shown provided a deposit is paid into the account within 14 calendar days of the account being opened
  • You'll need to provide Aldermore with details of a UK personal bank or building society account to link to your Aldermore account
Show key information
Close
Axis Bank Axis Bank

Fixed Deposit Account

Go to site

Interest rate (AER)

includes bonus of % until

includes bonus of % for month months

Check introductory rate and period with provider

Min/max opening amount

{{productCurrency}}{{1000 | currency : '' : 0}} to {{productCurrency}}{{200000 | currency : '' : 0}}

Term

5 year bond

Account type

{{::product.productAttributes.accountDetails.accountTypeId | mappingFilter : referenceDataMapping}} Transfer in
Go to site
Great for
  • Interest options: monthly, quarterly, annually or upon maturity, with automatic roll-over option
  • Quick and easy online application process
  • FSCS compensation scheme
But be aware that
  • Withdrawals are not permitted within the fixed term
  • You must be aged 18 or over
Show key information
Close
Leeds Building Society Leeds Building Society

5 Year Fixed Rate Bond (Issue 336)

Go to site

Interest rate (AER)

includes bonus of % until

includes bonus of % for month months

Check introductory rate and period with provider

Min/max opening amount

{{productCurrency}}{{100 | currency : '' : 0}} to {{productCurrency}}{{1000000 | currency : '' : 0}}

Term

until 01.04.24

Account type

{{::product.productAttributes.accountDetails.accountTypeId | mappingFilter : referenceDataMapping}} Transfer in
Go to site
Great for
  • Online application
But be aware that
  • Withdrawals are not permitted within the fixed term
  • Post and branch access only
Show key information
Close

 

 

See all fixed rate bond accounts

Not sure what account is right for you?

 

What is a fixed rate bond?

A fixed rate bond is a type of savings account that lets you put your money away for a set period of time in return for a fixed amount of interest on your cash. You won’t be able to access your money for the duration of the bond term.

How do fixed rate bonds work?

The amount of interest you earn on your fixed rate bond will mostly depend on the bond term, but it may also depend on the size of the cash deposit you pay in.

Fixed rate bond term

Generally, the longer you’re happy to tie up your money for, the better the interest rate you’ll receive. But you’ll need to work out how long you can realistically afford to leave your money untouched for.

You can choose to put your money in a fixed rate bond for:

  • 6 months
  • 1 year
  • 18 months
  • 2 years
  • 3 years
  • 5 years

Longer term bonds may also be available, but you need to be sure you could afford not to access your money for that length of time.

Deposit amount

You’ll also need to think about the amount you can pay in to your account because most savings accounts will have a minimum opening amount – and most will also have a maximum opening amount.

Minimum deposits can start from £500 and maximum deposits can go up to £2,000,000. The minimum and maximum deposit amount you need will depend on the account and you may find the most competitive rates require a larger deposit – though, this isn’t always the case.

Once you’ve made your initial deposit you can’t usually add to it.

Compare interest rates

Once you’ve decided how much money to invest and how long you can tie it up for, you can compare fixed rate bonds and interest rates to see which account makes the most sense for you.

The amount of interest you earn with each bond will be calculated as a yearly percentage or annual equivalent rate – AER – and you’ll then earn this amount of interest on your deposit for each year your money is in the account.

Earn interest

Your savings will earn a set interest rate each year during the fixed term, and the interest you earn can sometimes be paid either monthly or annually into your ‘nominated’ account, or it’ll be added to your savings.

If you have it paid into your savings account, you won’t be able to take that or your initial lump sum out of the account until the end of the fixed term.

An image showing the amount of money consumers have in savings

The amount of money consumers have in savings according to data collected by Mintel and Lightspeed, accurate as of October 2017.

Do you pay tax on a fixed rate bond?

Thanks to the introduction of the Personal Savings Allowance in 2016, basic rate taxpayers can earn £1,000 of savings interest a year without having to pay tax, while higher-rate taxpayers can earn £500 a year.

Additional rate taxpayers are not eligible for the Personal Savings Allowance.

If the interest you earn goes above these limits, any tax you owe will usually be collected via the Pay As You Earn (PAYE) system or via your self-assessment tax return.

Features of a fixed rate bond

Reasons why you might want to consider a fixed rate bond include:

  • Guaranteed interest rate: the interest rate you’re offered when you open the account stays the same for the duration of the bond, so you can work out how much interest you’ll earn overall
  • Higher interest rates than an easy access account: fixed rate bonds can offer higher interest rates than easy access savings accounts due to their lack of flexibility. Easy access accounts, on the other hand, allow you to access your money and pay in more money whenever you need to, but tend to offer lower rates which can change at any time
  • Higher interest rates for longer terms: if you can afford to leave your money untouched for longer, you will usually receive a higher interest rate
  • FSCS protection: a fixed rate bond is a savings account, which means the Financial Services Compensation Scheme (FSCS) will cover up to £85,000 of your deposit - in case the bank or building society goes out of business. The FSCS will also cover the interest you’ve earned up until that point – provided the total amount in the account is still under £85,000. You will need to check that your fixed rate bond provider features the FSCS logo to make sure your deposit is protected.

Things to keep in mind if you’re considering a fixed rate bond

A fixed rate bond might not be for everyone – possible limits to savers include:

  • No access to your savings for the fixed term: you won’t be able to take any money out of the savings account over the fixed term and you won’t be able to close the account early
  • No further deposits: you usually have 30 days from opening your account to deposit your funds and you won’t be able to add to it after that. This means fixed rate bonds are not suitable for regular savers – only those who have a lump sum to invest
  • Interest rates are edging up: as interest rates are slowly moving upwards, it may not be a good idea to lock into a long (four or five years) fixed rate bond in case the interest rate you’re tied into suddenly becomes uncompetitive.

An image showing the percentage of people that want to save more money and the percentage of people that find it hard to save the amount of money they want

Data taken from Consumers, Savings and Investments Report by Mintel, accurate as of January 2018.

Can you take the money out of your fixed rate savings bond early?

In some cases, you may be able to access your funds before the end of the bond term, but you’ll usually pay a hefty penalty fee for doing so. You’ll need to check with your bank or building society to see what their conditions are.  

What to do at the end of the fixed term?

When your fixed rate bond term comes to an end you can choose to withdraw your lump sum – and the interest if you opted to have that paid into your savings account – and close the account, or you can choose to move your savings into another account.

You’ll need to make sure you let your provider know what you want to do with the money because if they don’t hear from you then they might move the amount to a new bond.

Compare fixed rate bonds

Compare fixed rate bonds to find the best one for you. You can use MoneySuperMarket’s fixed rate bonds comparison tool to enter your savings deposit amount to compare deals. You can order the results by the interest rate they offer, and by the savings provider.

You can change the results view you see to only show terms that suit your saving needs – choose from one year, two years, three years, four years, five years and more. You’ll also be able to filter the results by the interest payment schedule to compare interest rates.