Key Features
A fixed-rate bond is a secure, low-risk savings product where you lock away a lump sum for a set period (term) – typically 1 to 5 years – in return for a guaranteed, unchanging interest rate.
Interest is paid annually or monthly, and because your money is locked away, early withdrawals are usually not possible or there maybe a charge.
- Guaranteed Interest: The interest rate remains the same for the duration of the bond, protecting you from any changes in the savings market
- Locked Savings: Funds are usually inaccessible until the maturity date (when the term ends)
- Higher Rates: Bonds often offer higher interest rates than easy-access savings accounts
- Lump Sum Deposit: Generally, they require a single deposit at the start, with no further additions allowed
- Protection: In the UK, these are typically protected by the Financial Services Compensation Scheme (FSCS)
Fixed Rate Bonds
5 Year Fixed Rate Bond (Issue 1)
2 Year Fixed Rate Bond (Issue 13)
1 Year Fixed Rate Bond (Issue 9)
* The gross rate (PA) is the rate before deducting tax at the rate applicable to savings income. The annual equivalent rate (AER) is a notional rate which illustrates what the gross interest rate would be if the interest was paid and added to the account annually.
The information contained in this table forms part of the terms and conditions of the account and should be read in conjunction with our General Savings Account Terms and Conditions for Retail Savings Accounts.
Some help & guidance
FAQs
Find clear answers to our most frequently asked questions, designed to help you make your savings journey as simple as possible.
Jargon Buster
Financial jargon can be confusing sometimes. Our jargon buster breaks down some of the common savings terms and abbreviations.
Forms & Documents
Here you will find some useful savings forms and further information documents to help you manage your savings accounts.
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