Bradford and Bingley Fixed Rate Bonds

Bradford and Bingley fixed rate bonds offer a variety of options, depending on how you want to save. From January 2010 Bradford & Bingley fixed rate bonds have been re-branded as Santander fixed rate bonds.

Provider

Account

Type

Minimum

Deposit

Interest

Rate
 
£5,000

1.85%

per annum

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Earn 1.85% fixed interest - 1 year term - Save from £5,000 to £500,000 - No additional deposits or withdrawals permitted -FSCS Protected
£500

1.70%

Gross AER

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Earn 1.70% fixed interest. 1 year term. Interest can be paid monthly or annually. Open an account singly or jointly. Minimum deposit £500. No withdrawals permitted. FSCS Protected
£5,000

2.00%

per annum

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Earn 2.00% fixed interest - 2 year term - Minimum deposit £5,000 - No withdrawals permitted. FSCS Protected
£500

1.85%

Gross AER

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Earn 1.85% fixed interest. 2 year term. Interest can be paid monthly or annually. Open an account singly or jointly. Minimum deposit £500. No withdrawals permitted. FSCS Protected
£5,000

2.20%

per annum

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Earn 2.20% fixed interest - 3 year term - Minimum deposit £5,000 - No withdrawals permitted. FSCS Protected
£1,000

2.16%

per annum

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Earn 2.16% AER fixed interest. 3 year term. Interest can be paid monthly, quarterly or at maturity. Minimum deposit £1,000, Maximum deposit £200,000. No withdrawals permitted. FSCS Protected
£1,000

2.15%

per annum

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Earn 2.15% gross/AER fixed for 3 years. Save £1,000 - £250,000. No withdrawals during the term. Individual or joint accounts available. FSCS Protected
£1,000

2.35%

per annum

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Earn 2.35% gross/AER fixed for 4 years. Save £1,000 - £250,000. No withdrawals during the term. Individual or joint accounts available. Annual or monthly interest. FSCS Protected
£1,000

2.40%

per annum

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Earn 2.40% gross/AER fixed for 5 years. Save £1,000 - £250,000. No withdrawals during the term. Individual or joint accounts available. Annual or monthly interest. FSCS Protected
£10,000

2.37%

expected rate

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Earn 2.37% expected profit rate. 5 year term. Interest paid annually. Open an account singly or jointly. Minimum deposit £10,000. No withdrawals permitted. Shariah compliant savings account. FSCS Protected

With Bradford and Bingley (now Santander UK) fixed rate bond features:

  • Choice of a 1 or 2 year bond
  • Minimum deposit of £500 to a maximum of £2 million
  • Only available to those aged 16 years or over
  • No additional deposits, withdrawals or account closures are permitted

As you cannot access your money again until the bond term ends with this bond it is really worth shopping around to compare your options to try and make sure you are getting the best deal.

Other types of plan you may wish to think about

  • Tracker bonds – These are similar to fixed rate, but instead of your interest rate staying consistent throughout the bond’s term, it will change in reflection to any increases or decreases in the Base Rate set by the Bank of England. This means if during the term the base rate raises you will benefit from an increase in how much you receive in interest, if however it decreases you will receive less.

 

  • Structured Deposits – Like a bond a structured deposit requires you to tie up your funds for a set amount of time. This type of plan is normally linked to an index such as the FTSE 100. If over the plan the index or indices perform in a certain way you will receive your original investment back plus an interest payment typically larger than those offered by bonds or savings accounts. However if it does not perform in a certain way set out at the start of the plan you will receive your investment back but with no gains on it, so it is a risk that needs to be carefully considered beforehand.

 

  • Savings Account – If you are looking into how you can earn interest on your savings while maintaining access to them should you ever need them before the end of the term then an instant access savings account may be the solution to you. Although they do offer lower interest rates than bonds or structured deposits, they usually offer unlimited free withdrawals meaning if you should ever need your savings you don’t need to worry about any forfeit for closing the account early.
Cash ISA Selection
ProviderPlan NameDeposit TakerISA OptionTermMaximum Potential ReturnMore Info
Kick Out Deposit PlanInvestec Bank plcyesUp to
6 years

4%

per annum

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Capital protected deposit plan with the potential to mature after years 3, 4, 5 and 6. If the plan matures early it will return 4% times the number of years the plan has been in force. Also available for Cash ISA and ISA transfer.
Important Information: Structured deposits offer you the potential to earn higher returns than you would with a regular savings account. Your returns are based on the performance of an index or commodity. If the investment does not perform well you may receive no income or capital growth, but you can be confident that your capital will be repaid. You have no access to your deposit during the term of the account, typically 3 to 6 years but your original capital will be repaid in full at the end of the term. In the event that the deposit taker is unable to repay your initial investment and any returns stated you may be entitled to compensation from the Financial Services Compensation Scheme (FSCS) depending on your individual circumstances.