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5 Year Fixed Rate Bonds

Updated: 29th October 2020

If you’re able to put your money away for 5 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: Competitive fixed rate interest
4.5 stars question mark
Paragon logo
  • Interest Rate (AER):

    1.05%
  • Account Type:

    5 Year Fixed Rate
  • Account Minimum:

    £1,000
  • Account Maximum:

    £500,000

Account protected by the FSCS up to £85,000

WHAT YOU NEED TO KNOW

  • 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 (1.59%) or annually (1.60%)

what we like

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

WHAT YOU NEED TO KNOW

  • 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 (1.59%) or annually (1.60%)

DISCLAIMER

Great for: Highly competitive fixed rate interest
4.5 stars question mark
RCI Bank logo
  • Interest Rate (AER):

    1.05%
  • Account Type:

    5 Year Fixed Rate
  • Account Minimum:

    £1,000
  • Account Maximum:

    £1,000,000

Account protected by the FSCS up to £85,000

WHAT YOU NEED TO KNOW

    • 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

 

  •  

 

what we like

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

WHAT YOU NEED TO KNOW

    • 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 stars question mark
Vanquis Bank Savings logo
  • Interest Rate (AER):

    0.80%
  • Account Type:

    5 Year Fixed Rate
  • Account Minimum:

    £1,000
  • Account Maximum:

    £250,000

Account protected by the FSCS up to £85,000

WHAT YOU NEED TO KNOW

    • 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

what we like

  • Competitive interest rate
  • Can be opened as a sole or joint account
  • Annual or monthly interest options

WHAT YOU NEED TO KNOW

    • 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