Fixed Rate Bonds Calculator

A fixed rate bond normally enables you to receive a better rate of interest on your savings than what you could expect on an instant access savings account. Your financial provider may be able to provide a fixed rate bond calculator to determine the amount of interest you are likely to earn on your savings over the duration of the term. Generally speaking the deal is that the longer you can lock your money away the more annual interest you can get. Fixed rate bond deals are changing constantly so it pays to shop around. Fixed rate bond calculations are normally easy to make because the interest rate remains the same and you may not be permitted to add or take from your savings during the fixed term.

Before settling on any one option, take a look at our comparison tables to see a broad range of fixed rate bond deals and find the right one for you:

Advantages to Fixed Rate Bonds:

• The bank is able to calculate exactly how much they will pay you in interest in return for your investment, allowing you to plan your finances.
• You can rest assured that the sum calculated by your bank or building society is the precise figure that your savings may amount to, with the interest added on.

Disadvantages in Fixed Rate Bonds:

• A lump sum will be required to take out the policy 
• You should be certain that you will not need to access your savings

Banks and building societies provide a variety of fixed rate bond accounts and you should be able to choose the one that most suits your financial situation. The rate of interest may vary in each fixed rate bond deal and usually you receive a high interest rate if you have a large lump sum of savings and can invest it for as long as possible, up to 5 years.