ING Direct Fixed Rate Bonds

Compare ING Savings With The Market

Provider

Account

Type

Minimum

Deposit

Interest

Rate
 
£5,000

1.80%

per annum

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Earn 1.80% 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
£1,000

Over

1.20%

Gross AER

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Managed Savings Service. Save time and hassle. 1 year term. Savers open one account with Octopus cash who then spread the money across some of the best challenger bank rates around. At the end of the term savers can either withdraw money or allow Octopus Cash to automatically switch accounts to the best rates on offer. FSCS Protected
£5,000

2.05%

per annum

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Earn 2.05% fixed interest - 2 year term - Minimum deposit £5,000 - No withdrawals permitted. FSCS Protected
£500

2.00%

per annum

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Earn 2.00% fixed interest. 2 year term. Interest can be paid monthly or annually. Minimum deposit £500, Maximum deposit £250,000. 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

2.25%

per annum

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Earn 2.25% fixed interest - 3 year term - Minimum deposit £5,000 - No withdrawals permitted. FSCS Protected
£1,000

2.20%

per annum

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Earn 2.20% 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

2.40%

per annum

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Earn 2.40% 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
£500

2.23%

per annum

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Earn 2.23% fixed interest. 4 year term. Interest can be paid monthly or at maturity. Minimum deposit £500, Maximum deposit £250,000. No withdrawals permitted. FSCS Protected
£1,000

2.45%

per annum

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Earn 2.45% 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
£1,000

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 £1,000. No withdrawals permitted. Shariah compliant savings account. FSCS Protected
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.
Fixed Rate Bond Selection
ProviderAccountInterest RateTermApply

2.45%

per annum

£1,000More Info >
  • Earn 2.45% gross/AER fixed for 5 years
  • Save from £1,000 - £250,000
  • Monthly and annual interest options
  • Online savings account 
  • Covered by the FSCS (Financial Services Compensation Scheme)
  • Must be UK resident and aged 18 or older
  • No withdrawals allowed
  • Bond designed to be held for full term

2.25%

per annum

£5,000More Info >
  • Earn 2.25% AER/gross fixed for 3 years.
  • Minimum opening balance of £5,000; maximum balance £500,000.
  • Interest paid on maturity
  • Covered by the FSCS (Financial Services Compensation Scheme)
  • Must be UK resident and aged 18 or older
  • No additional deposits or withdrawals permitted.

2.40%

per annum

£1,000More Info >
  • Earn 2.40% gross/AER fixed for 4 years
  • Save from £1,000 - £250,000
  • Monthly and annual interest options
  • Online savings account 
  • Covered by the FSCS (Financial Services Compensation Scheme)
  • Must be UK resident and aged 18 or older
  • No withdrawals allowed
  • Bond designed to be held for full term

If you been looking at different savings plans you may have wondered if an ING Direct fixed term was right for you, ING direct UK is now part of Barclays, Barclays fixed rate bonds allow you to earn high returns on your money, all you have to do is lock your money away for a fixed period of time.

Barclays fixed rate bonds offer:

 

  • A fixed interest rate for the term of the bond
  • A choice of fixed terms to suit your needs
  • No withdrawals or additional deposits for the duration
  • Monthly or annual interest options
  • Minimum deposit of £500
  • Maximum deposit of £1 million
  • You cannot make any additional deposits

Barclays fixed rate bonds are available to existing customers only; see the table for other leading fixed rate bond deals.

 

As most bonds require you to lock away your savings for a set period of time, it is a good idea to shop around comparing plans before you commit to one. You may also want to consider alternative savings options to fixed rate bonds.

Alternatives to fixed rate bonds include:

  • Tracker Bonds – Tracker bonds are similar to fixed rate bonds but, instead of the rate of interest you receive staying consistent over the bond’s term, it will vary in reaction to any changes made to the Bank of England’s Base Rate which it is link to. This means you could potentially end up with a better or worse rate of interest on your bond depending on any changes made to the Base Rate.

 

  • Structured Deposit – Structured deposits also require you to lock your savings into an investment for a set period of time, but they are not bonds. Structured deposits tend to offer higher potential returns on your investment but you are not guaranteed to get the interest return. Structured Deposits are linked to an index or indices such as the FTSE 100. Your plan will state how the index it is tied to needs to perform in order for you to receive an interest payment. This means you risk making no interest on your investment. because of this you should carefully consider beforehand if you feel it is a risk worth taking.  

 

  • Instant access savings account – If you want to earn interest on your savings and still maintain easy access to your funds, in case you should ever need them, then an instant access savings account might suit you. although instant access savings accounts tend to offer lower rates of interest than bonds or structured deposits they do normally permit unlimited free withdrawals, so you do not need to worry if you ever need to quickly make a withdrawal.