KRBS Fixed Rate Bonds

KRBS fixed rate bond offers a variety of terms. To find the best fixed rate bond deal that is most suited to your financial needs, it may be a good idea that you compare deals and shop around first first - you can use our comparison tables to find the right fixed rate bond deal for your requirements:

ProviderAccountInterest RateTermApply
5.00%Current Account
Instant Access
More Info >
5.00% interest for 12 months on balances up to £2,500 for the first year. You must pay in £1,000 or more each month to receive interest (excluding transfers from any Nationwide account held by you or anyone else). 12 month fee-free arranged overdraft available. No monthly fee. Must be aged 18 or older.
5.00%Current Account
Instant Access
More Info >
5.00% interest on balances up to £2,000 PLUS 5% cashback on first £100 of Contactless payments every month. Must pay in a minimum of £500 into the account each month. No monthly account fee.

2.01%

per annum

£500More Info >
Earn 2.01% fixed interest. 5 year term. Interest can be paid monthly or annually. Minimum deposit £500, Maximum deposit £250,000. No withdrawals permitted. FSCS Protected

1.80%

per annum

£1,000More Info >
Earn 1.80% 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.

1.61%

per annum

£500More Info >
Earn 1.61% fixed interest. 3 year term. Interest can be paid monthly or annually. Minimum deposit £500, Maximum deposit £250,000. No withdrawals permitted. FSCS Protected

1.53%

per annum

£500More Info >
Earn 1.53% fixed interest. 2 year term. Interest can be paid monthly or annually. Minimum deposit £500, Maximum deposit £250,000. No withdrawals permitted. FSCS Protected
1.50%Current Account
Instant Access
More Info >
Monthly Interest of 1.50% AER (variable) payable on your entire balance up to £20,000 (3.0% AER until 1st November 2016). Monthly Cashback on selected household bills. Must pay in £500 into the account each month.

1.35%

per annum

£500More Info >
Earn 1.35% fixed interest. 1 year term. Interest can be paid monthly or at maturity. Minimum deposit £500, Maximum deposit £250,000. No withdrawals permitted. FSCS Protected
1.00%Instant AccessMore Info >
MARKET LEADING: Earn 1.00% gross/AER Instant Access. No notice periods. Unlimited payments and withdrawals. Pay in from £100. RCI Bank are protected up to a total of €100,000 by the FGDR, the French deposit protection scheme. Manage account online.

0.95%

per annum

1 YearMore Info >
0.95% gross/AER fixed for 1 year. £1,000 minimum opening balance. Withdraw cash early if you need to (subject to loss of interest).
0.75%Current Account
Instant Access
More Info >
Innovative new banking service powered by Clydesdale and Yorkshire Banks. Get your current account and instant access savings account working together. Earn 0.75% AER on ALL instant access savings balances, and 0.25% AER on current account balances up to £2,000. No monthly account fee
0.75%Easy AccessMore Info >
Earn 0.75% tax free/AER variable. Open with £100. Unlimited free withdrawals. Transfer in ISAs held elsewhere - no limit
0.75%Easy AccessMore Info >
0.75% gross/AER on balances from £1,000 to £1 million. Guaranteed to be at least 0.50% above Base Rate** until 31st December 2017. Unlimited withdrawals without restriction or loss of interest.
Short Term Fixed Rate Bonds (0-2 years)
ProviderAccountInterest RateTermApply
1.00%Instant AccessApply Now >
MARKET LEADING: Earn 1.00% gross/AER Instant Access. No notice periods. Unlimited payments and withdrawals. Pay in from £100. RCI Bank are protected up to a total of €100,000 by the FGDR, the French deposit protection scheme. Manage account online.
Medium Term Fixed Rate Bonds (3-4 years)
ProviderAccountInterest RateTermApply

1.35%

per annum

£1,000Apply Now >
Earn 1.35% gross/AER fixed for 3 years. Save £1,000 - £250,000. No withdrawals during the term. Individual or joint accounts available
Long Term Fixed Rate Bonds (4+ years)
ProviderAccountInterest RateTermApply

1.95%

per annum

£1,000Apply Now >
Earn 1.95% 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.

Kent Reliance Building Society (KRBS) was established in 1898 and has since grown to incorporate a number of other building societies, including Chatham Reliance building society, Dover District building society, Herne bay building society and Kent & Canterbury building society.

Kent Reliance fixed rate bonds feature:

  • No minimum age
  • Minimum of investment of £1,000
  • Withdrawals and early closure allowed but would be subject to a 180 day loss of interest
  • Accounts can be opened online, by post or in branch
  • Interest can be paid annually or monthly

 

With fixed rate bonds you can work out exactly how much you will get paid back at the end of the term, however they do require you to lock away your money for a predefined period of time, therefore it may be wise to shop around thoroughly before hand to find the best one for you.

 

Alternative saving plans

 

  • Tracker bonds – An alternate type of bond, instead of the interest rate you receive on the bond staying consistent throughout it can fluctuate up or down in relation to changes made to the Base Rate by the Bank of England which it is linked to. This means that over the bond’s course you could receive a better or worse interest rate depending on if the Bank of England decides to make any changes to its Base Rate.

 

  • Structured Deposits – structured depossits may offer higher interest rates than savings bonds, however your return is not guaranteed. Although your initial investment is guaranteed to be returned you may not receive any interest payments, this is because a structured deposit is tied to an index or indices such as the FTSE100. Certain criteria are set out in the deposit about what must happen to the index in order for you receive an interest payment at the end of the term. If this criteria is not fulfilled then you will only get back your initial investment. Because of this you should carefully consider if you feel this product is right for you beforehand.

 

  • Savings Account – Instant access savings account tend to accrue lower rates of interest than other products like bonds or structured deposits, but they do normally permit unlimited penalty-free withdrawals. So savers can access their money at any time and do not need to wait until the term finishes.
Alternatives to Fixed Rate Bonds
ProviderPlanDeposit TakerPotential ReturnTermMore Info
Retirement Deposit PlanInvestec Bank plc

3.75%

per year, plus 22.5% at end of term

6 yearsMore Info >
6 year capital protected structured deposit plan which pays 3.75% annually from capital with a potential 22.5% at the end of the term if the FTSE 100 is higher. Available for Cash ISA and ISA transfer.
6 Year Defensive Deposit PlanInvestec Bank plc

24%

at end of term

6 yearsMore Info >
6 year capital protected structured deposit plan which aims to return 24% if the FTSE 100 is higher than 95% of Initial Level. Also available for Cash ISA and ISA transfer.
4 Year Deposit PlanInvestec Bank plc

12%

at end of term

4 yearsMore Info >
4 year capital protected structured deposit plan which aims to return 12% if the FTSE 100 is higher. Also available for Cash ISA and ISA transfer.
Kick Out Deposit PlanInvestec Bank plc

3%

per annum

Up to
6 years
More Info >
Capital protected deposit plan with the potential to mature after years 3, 4, 5 and 6. If the plan matures early it will return 3% times the number of years the plan has been in force. Also available for Cash ISA and ISA transfer.

These are structured deposit plans and are capital protected. There is a risk that the company backing the plans or any company associated with the plans may be unable to repay your initial investment and any returns stated. In this event you may be entitled to compensation from the Financial Services Compensation Scheme (FSCS) , depending on your individual circumstances. In addition, you may not get back the full amount of your initial investment if the plans are not held for the full term.

If you are at all unsure of the suitability of these types of investments, both in respect of their objectives and risk profiles, you should seek independent financial advice.