Click on the name of the bank or building society for further information about the account.
More savings accounts
Fixed Rate Bonds – Approx 2 years
As the name would suggest the interest rate on a Fixed Rate Bond is fixed for a set period of time, generally between one and five years. The rate of interest is known at outset and cannot be changed during the term.
The Fixed Rate Bonds shown on this page are for two years, Bonds with a longer fixed rate will pay a higher rate of interest, although clearly savings will have to be tied up for a longer period of time.
Most Fixed Rate Bonds will only allow a single initial deposit upon opening of the account and will not accept further payments.
The majority of bonds do not allow early access, always read the terms and conditions to ensure that the account you open is suitable for your needs.
Fixed rate bonds are perfectly suited to savers can tie up their savings for a period of time and who are interested in getting a better rate of interest than is offered by other accounts.
There is a wide variety of bonds to choose from; however the best rates may only be available for a short period of time, meaning it is worthwhile regularly checking the market to ensure that you select the account with the most competitive rate of interest to invest into.
Unless held as a Fixed Rate Cash ISA (Individual Savings Account) the interest is subject to tax at your usual rate, with 20% being deducted by the bank or building society who offer the Fixed Rate Bond.