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3 Year Fixed Rate Bonds

Updated: 21st May 2020

If you’re able to put your money away for 3 years, these fixed rate bonds could offer you a higher interest rate than a typical current account or easy access savings account.


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Here are MyWalletHero’s picks for the fixed rate bonds:

Great for: Very competitive fixed rate interest
5 stars question mark

If you’re looking for a great interest rate, and the ability to deposit a large sum in multiple payments, this 3 Year Fixed Term Savings account from RCI Bank could be a great option. You’ll get a very competitive rate of 1.55% with this account, and can make as many deposit payments within your first 14 days as you like. The minimum amount per deposit is £1,000, which is fairly standard across similar fixed rate accounts out there.

HIGHLIGHTS

  • Minimum deposit £1,000
  • Maximum total balance £1,000,000
  • Deposit must be made within 14 days of opening, but can be done via unlimited payments
  • Annual or monthly interest options available
  • Interest Rate (AER):

    1.55%
  • Account Type:

    3 Year Fixed Rate
  • Protection Scheme:

    FSCS
  • Account Minimum:

    £1,000

what we like

  • Unlimited deposit payments with the first 14 days of opening (up to £1 million)
  • Option for annual or monthly interest payments
  • Very competitive interest rate

HIGHLIGHTS

  • Minimum deposit £1,000
  • Maximum total balance £1,000,000
  • Deposit must be made within 14 days of opening, but can be done via unlimited payments
  • Annual or monthly interest options available
  • DISCLAIMER

Great for: Competitive fixed rate interest
4.5 stars question mark

Paragon Bank’s 3 Year Fixed Rate account is a solid option if you’re looking for a competitive return on your money. You can save up to £500,000 in this fixed rate account. However, you do have to make your initial deposit in one payment, which is something to bear in mind if you’re planning on consolidating smaller amounts into an initial deposit.

HIGHLIGHTS

  • Minimum deposit £1,000
  • Maximum total balance £500,000
  • Your total sum must be deposited within 28 days of application via one payment
  • Can be opened as a single or joint account
  • Interest can be paid monthly or annually
  • Interest Rate (AER):

    1.50%
  • Account Type:

    3 Year Fixed Rate
  • Protection Scheme:

    FSCS
  • Account Minimum:

    £1,000

what we like

  • Can be opened as a single or joint account
  • Offers monthly or annual interest payments
  • Competitive interest rate

HIGHLIGHTS

  • Minimum deposit £1,000
  • Maximum total balance £500,000
  • Your total sum must be deposited within 28 days of application via one payment
  • Can be opened as a single or joint account
  • Interest can be paid monthly or annually

DISCLAIMER

Great for: Fixed interest rate for 3 years
3.5 stars question mark

Vanquis Bank’s 3 year fixed rate offering has an interest rate of 1.15%. You can choose between annual or monthly interest payments into your account, both of which are fixed for the 3 year duration. One thing worth noting is that your deposit will need to be made in one single payment (not multiple deposits). But you will have a full 30 days from opening the account to pay your money in.

HIGHLIGHTS

  • Minimum deposit £1,000
  • Maximum total balance £250,000
  • Open as a sole or joint account
  • Deposit must be made within 30 days of opening via a single payment
  • Annual or monthly interest options available
  • Interest Rate (AER):

    1.15%
  • Account Type:

    3 Year Fixed Rate
  • Protection Scheme:

    FSCS
  • Account Minimum:

    £1,000

what we like

  • Easy to open and manage
  • Can be opened as a sole or joint account
  • Annual or monthly interest options

HIGHLIGHTS

  • Minimum deposit £1,000
  • Maximum total balance £250,000
  • Open as a sole or joint account
  • Deposit must be made within 30 days of opening via a single payment
  • Annual or monthly interest options available
  • DISCLAIMER

Great for: Competitive fixed rate interest
3.5 stars question mark

If you’re looking for a fixed rate saver that’s easy to open and manage, as well as providing a decent interest rate for your cash, then Hampshire Trust Bank’s 3 Year Bond could be worth a look. It’s a does-what-it-says-on-the-tin type of account, with a 3 year fixed term rate of 1.15% paid annually.

HIGHLIGHTS

  • Minimum deposit £1,000
  • Maximum total balance £250,000
  • Deposit must be made within 14 days of opening - but can be done via unlimited payments
  • Interest paid annually
  • Interest Rate (AER):

    1.15%
  • Account Type:

    3 Year Fixed Rate
  • Protection Scheme:

    FSCS
  • Account Minimum:

    £1,000

what we like

  • Unlimited deposit payments within the first 14 days of opening
  • Apply and manage account online
  • Competitive interest rate

HIGHLIGHTS

  • Minimum deposit £1,000
  • Maximum total balance £250,000
  • Deposit must be made within 14 days of opening - but can be done via unlimited payments
  • Interest paid annually
  • DISCLAIMER