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Compare Our Top-Rated Fixed Rate Bonds

Updated: 10th May 2021

If you want to boost the rate on your savings, fixed rate bonds could be a good choice. In exchange for tying up your money, you can get rates higher than the typical current account or easy access savings account.


Offers from our affiliate partners appear first and are ordered from highest rating to lowest, followed by other top-rated offers. You can read more about MyWalletHero ratings and page sort here. Offers from affiliate partners are marked with a *.

Great for: competitive interest rates on fixed term savings from as little as £500
5 stars question mark
Ford Money logo
  • Interest Rate (AER):

    0.70%
  • Account Type:

    2 Year Fixed Rate
  • Account Minimum:

    £500
  • Account Maximum:

    £2,000,000

Account protected by the FSCS up to £85,000

WHAT YOU NEED TO KNOW

  • Interest can be paid into a nominated account.
  • 14-day cooling off period after account opening.
  • Best-rate guarantee before you make your initial deposit.
  • No withdrawals or account closures allowed before the end of the two-year term.

what we like

  • Highly competitive interest rate
  • Choice of annual or monthly interest payments
  • Unlimited deposits within the first 14 days – from £500 up to £2 million

WHAT YOU NEED TO KNOW

  • Interest can be paid into a nominated account.
  • 14-day cooling off period after account opening.
  • Best-rate guarantee before you make your initial deposit.
  • No withdrawals or account closures allowed before the end of the two-year term.

DISCLAIMER

Great for: Competitive fixed rate interest
5 stars question mark
HTB Bank logo
  • Interest Rate (AER):

    0.85%
  • Account Type:

    3 Year Fixed Rate
  • Account Minimum:

    £1,000

Account protected by the FSCS up to £85,000

WHAT YOU NEED TO KNOW

    • 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

 

  •  

 

what we like

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

WHAT YOU NEED TO KNOW

    • 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

Great for: Competitive fixed rate interest
5 stars question mark
Paragon logo
  • Interest Rate (AER):

    0.55%
  • Account Type:

    1 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 or annually

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 or annually

DISCLAIMER

Great for: Competitive fixed rate interest
5 stars question mark
Paragon logo
  • Interest Rate (AER):

    0.70%
  • Account Type:

    2 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 or annually

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 or annually

DISCLAIMER

Great for: Competitive fixed rate interest
5 stars question mark
Paragon logo
  • Interest Rate (AER):

    0.85%
  • Account Type:

    3 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 £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

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 or annually

DISCLAIMER

Great for: savers looking for a competitive fixed interest rate
4.5 stars question mark
Ford Money logo
  • Interest Rate (AER):

    0.47%
  • Account Type:

    1 Year Fixed Rate
  • Account Minimum:

    £500
  • Account Maximum:

    £2,000,000

Account protected by the FSCS up to £85,000

WHAT YOU NEED TO KNOW

  • The minimum deposit is £500
  • The maximum account balance £2,000,000
  • Can be opened as a joint or single account
  • There’s a choice of monthly or annual interest payments
  • Unlimited deposits are okay but only within the first 14 days of opening
  • After 14 days, your money is locked away for the full term

what we like

  • Competitive interest rates
  • Unlimited deposits for the first 14 days, from £500 up to £2,000,000
  • Your choice of annual or monthly interest payments

WHAT YOU NEED TO KNOW

  • The minimum deposit is £500
  • The maximum account balance £2,000,000
  • Can be opened as a joint or single account
  • There’s a choice of monthly or annual interest payments
  • Unlimited deposits are okay but only within the first 14 days of opening
  • After 14 days, your money is locked away for the full term

DISCLAIMER

Great for: Competitive fixed rate interest
4.5 stars question mark
Paragon logo
  • Interest Rate (AER):

    1.00%
  • 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: Very competitive fixed rate interest
4.5 stars question mark
RCI Bank logo
  • Interest Rate (AER):

    0.75%
  • Account Type:

    3 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

  • 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

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: Fixed interest rate for 3 years
4 stars question mark
Vanquis Bank Savings logo
  • Interest Rate (AER):

    0.30%
  • Account Type:

    3 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

  • Easy to open and manage
  • 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

Great for: Competitive interest on savings
4 stars question mark
Vanquis Bank Savings logo
  • Interest Rate (AER):

    0.20%
  • Account Type:

    2 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



Frequently Asked Questions

What is a fixed rate bond?

A fixed rate bond is a type of savings account where you receive a guaranteed rate of interest for a set period of time. This type of bond can have differing term lengths and the interest rate is fixed for the period of the term. You won’t be able to access your money during the term, but a fixed term bond tends to offer higher interest rates compared to an easy access savings account.

Is a fixed rate bond safe?

A fixed rate bond comes with minimal risk. It is a savings product so it is covered by the FSCS. Also, it has a guaranteed rate of interest, so your money is protected from any downturns in the market.

Is a fixed rate bond protected by the FSCS?

Yes, it is. As fixed rate bonds in the UK are classed as a savings product, an amount of up to £85,000 deposited in a financial institution is protected. The main thing to be aware of with a fixed rate bond is that if you choose to have your interest paid directly back into the bond, it could cause your balance to exceed the £85,000 threshold.

Can you lose money on a fixed rate bond?

Yes, you can lose money on a fixed rate bond. If you try to access your money before the end of the term, you may incur a penalty charge. This is typically taken in the form of ‘loss of interest’.