Post Office Fixed Rate Bond

Compare Fixed Rate Savings Bonds

Compare Post Office fixed rate bonds with the savings market.  Post Office fixed rate bonds have a range of options - choose from 1, 2 or 3 year fixed rates. Use the tables below to compare savings offerings from a range of different providers.

ProviderAccountInterest RateTermApply

2.41%

per annum

£2,000More Info >
Earn 2.41% gross/AER fixed for 5 years. £2,000 minimum deposit. Penalty for withdrawal before the end of the term. Interest paid monthly, annually or on maturity.

2.02%

per annum

£1,000More Info >
Earn 2.02% gross/AER fixed for 30 months. £1,000 minimum deposit. Interest paid on maturity. No withdrawals permitted. FSCS Protected

2.00%

per annum

£1,000More Info >
Earn 2.00% 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

2.01%

per annum

£1,000More Info >
Earn 2.01% fixed interest. 24 month term. Minimum deposit £1,000. Interest paid on maturity. No withdrawals permitted. FSCS Protected

1.90%

per annum

£500More Info >
Earn 1.90% fixed interest. 3 year term. Interest can be paid monthly or annually. Minimum deposit £500, Maximum deposit £250,000. No withdrawals permitted. FSCS Protected

1.82%

per annum

£1,000More Info >
Earn 1.82% gross/AER fixed for 15 months. £1,000 minimum deposit. Interest paid on maturity. No withdrawals permitted. FSCS Protected

1.81%

per annum

£1,000More Info >
Earn 1.81 gross/AER fixed for 12 months. £1,000 minimum deposit. Interest paid on maturity. No withdrawals permitted. FSCS Protected

1.75%

per annum

£500More Info >
Earn 1.75% fixed interest. 18 month term. Interest can be paid monthly or at maturity. 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.
1.28%3 YearMore Info >
1.28% gross/AER fixed for 3 years. £500 minimum opening balance. Withdraw cash early if you need to (subject to loss of interest).
1.25%Instant accessMore Info >
MARKET LEADING. 1.25% AER Gross (variable). Open with £1. A simple instant access savings account. Manage your account online, by telephone banking or via our mobile app. You'll need to be 18 or over and a UK resident
1.23%2 YearMore Info >
1.23% gross/AER fixed for 2 years. £500 minimum opening balance. Withdraw cash early if you need to (subject to loss of interest).
1.13%1 YearMore Info >
1.13% gross/AER fixed for 1 year. £500 minimum opening balance. Withdraw cash early if you need to (subject to loss of interest).
1.10%Instant AccessMore Info >
Earn 1.10% 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.
0.96%Easy AccessMore Info >
Earn 0.96% tax free/AER variable. Open with £100. Unlimited free withdrawals. Transfer in ISAs held elsewhere - no limit
0.90%Easy AccessMore Info >
Earn 0.90% gross/AER. £500 minimum deposit. Interest paid annually.
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.
0.50%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 0.50% AER on ALL instant access savings balances, and 0.25% AER on current account balances up to £2,000. No monthly account fee
Latest Current Account Deals
 AccountInterest (AER)Overdraft RateFunding Required*Fee pmFeaturesApply
3% AER**£25 interest and fee free overdraft plus £10 buffer£500 per monthFree3% AER variable in-credit interest on balances up to £1,500More Info >
1.50%*Fee free for 4 months then £1 per day£500 per month£5 pm*1.50% AER (variable) on your entire balance up to £20,000 (3.0% AER until 1st November 2016). Up to 3% cashback on household bills.More Info >
0.50%*£6 per month with £25 buffer and 2 day grace period No minimumFreeInnovative new banking service. *Get 0.50% AER on ALL instant access balances and 0.25% AER on current account balances up to £2,000More Info >
N/A0% for first £250No minimumFree if funding £1,000 or £10 below £1,000£100 for switching into account. £250 interest free overdraft. Free banking if paying over £1,000 per month. £100 if not satisfied after 6 monthsMore Info >
N/A£1 per dayN/AN/AFour month fee-free overdraft when you switch your main current account using the Dedicated Switcher ServiceMore Info >
Latest ISA Deals
ProviderAccountISA TransfersProtection schemeFund choiceInvest From:More info
yes

FSCS

2,500+ funds

£10 per month

or £50 single

More Info >

Why we like it: The Standard Life Junior ISA from £10 pm. Tax efficient investing to help pay from anything from university fees to a first car.

Important information: Investment ISAs are tax-efficient wrappers for long term investments. Capital’s at risk. Charges may apply.  Tax rules may change in the future and whether particular tax rules benefit you, will depend on your individual circumstances. ISA transfer charges may apply, please check with your provider.
Peer to Peer Fixed Term ISA - Earn high tax free interest
ProviderAccountTarget ReturnTermMore Info

up to 8.70%

per annum

1 to 5 YearsMore Info >
  • Earn estimated 8.70% APR*
  • 1 - 5 year term
  • Available for ISA, ISA transfer & direct investment
  • Minimum investment £10
  • Manage your account online
  • Capital is at risk and returns may be higher or lower
  • Must be aged 18 or older
  • Peer to peer lending is not covered by the FSCS

6.00%

target rate p.a.

No Fixed TermMore Info >
  • Innovative Finance ISAs (IFISA) are the new way to invest tax-free. Just like Cash and Stocks & Shares ISAs, you can invest up to £15,240 each tax year, and you don’t need to pay any personal taxes on your earnings
  • Lending Crowd will automatically diversify your funds across at least 20 loans through their Loan Market, with no more than 5% of your funds invested in any one loan. All repayments will be automatically reinvested.
  • Target return - 6% a year
  • No income tax or capital gains tax to pay on your profits
  • No fixed term, hold for as long as you wish
  • Also accepts ISA transfers from previous year's ISA's 
  • Minimum investment £1,000, Maximum £20,000
  • The target rate is variable, net of ongoing management fees, estimated bad debt and before the 1% withdrawal fee
  • Capital is at risk
  • Must be aged 18 or older
  • Peer to peer lending is not covered by the FSCS

3.75%

annualised p.a.

Up to 5 YearsMore Info >
  • The Property‐Backed ISA is the latest in Landbay's peer‐to‐peer investments following the introduction of the Innovative Finance ISA from HM Treasury in 2016. A Landbay ISA investment is the same as a Classic investment with a tax‐free wrapper
  • Earn estimated 3.75% APR*
  • Up to 5 year term
  • Also accepts ISA transfers from previous year's ISA's 
  • Minimum investment £5000, Maximum £20,000
  • No ongoing fees or investment fees
  • Investments are automatically diversified across multiple buy-to-let mortgages
  • Sell your investment on the secondary market at any time, subject to Landbay's ability to reallocate your invested loan parts
  • Landbay's Reserve Fund exists in case a borrower misses a payment or defaults. To date they've had none
  • Capital is at risk and returns may be higher or lower
  • Must be aged 18 or older
  • Peer to peer lending is not covered by the FSCS

Peer-to-peer lending can offer potentially attractive returns. There is a risk you may lose some or all of your initial investment as it is not protected by the Financial Services Compensation Scheme, although many lenders offer their own compensation schemes.

*Returns may be higher or lower

Alternative Saving Ideas - Earn high interest on your savings
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Peer to Peer Lending is not covered by the FSCS


Fixed Rate Bond Selection
ProviderAccountInterest RateTermApply

2.41%

per annum

£2,000More Info >
  • Earn 2.41% gross/AER fixed for 5 years
  • Interest paid monthly, annually or on maturity
  • Covered by the FSCS (Financial Services Compensation Scheme)
  • Must be UK resident and aged 18 or older
  • £2,000 minimum deposit
  • Penalty for early withdrawal

2.02%

per annum

£1,000More Info >
  • Earn 2.02% AER fixed for 30 months
  • Minimum opening balance of £1,000; maximum balance £100,000.
  • Interest paid on maturity
  • Covered by the FSCS (Financial Services Compensation Scheme)
  • Must be UK resident and aged 18 or older
  • Available as a sole account only
  • No withdrawals permitted.

2.01%

per annum

£1,000More Info >
  • Earn 2.01% AER fixed for 24 months
  • Minimum opening balance of £1,000; maximum balance £100,000.
  • Interest paid on maturity
  • Covered by the FSCS (Financial Services Compensation Scheme)
  • Must be UK resident and aged 18 or older
  • Available as a sole account only
  • No withdrawals permitted.


Post Office fixed rate bonds

  • Choose your own term - 1, 2 or 3 years
  • Save from £500-£1million

 

Apply online for Post Office fixed rate bonds, or compare other leading deals to find the right one for you.

 

Advantages and disadvantages of fixed rate bonds

 

Advantages

  • The interest rate offered is guaranteed for the term of the bond. This is unlike instant access savings accounts where the interest rate can go down or up at short notice.
  • Different banks and building societies will have different views on medium to long term interest rates. If interest rates rise more slowly than expected a fixed rate bond may give you a better return than what you could expect from an instant access account.
  • Some fixed rate bonds provide flexibility e.g. 1 withdrawal over the term.
  • Fixed rate bonds range from 2 months to 5 years in duration so you can choose a term that suits your circumstances
  • Many fixed rate bond providers offer online access so you can see how much interest you are earning.

 

Disadvantages

  • The benefit of enjoying a higher rate of interest must be weighed against tying up your capital for a fixed term. If you need access to your capital before maturity this may not be possible and if it is there may be interest penalties.
  • If interest rates rise over the term of the investment you may find the interest rate on your capital is no longer competitive compared to new offerings in the market.
  • Many fixed rate bond providers require a high minimum deposit e.g. £5,000

 

If you are considering taking out a Post Office fixed rate bond you may also want to consider alternative investment options to find the best choice for you before you lock your money away. 

 

Alternatives

 

  • Tracker Bonds - With this type of bond your money is secured for a predefined length of time as with a fixed rate. However instead of the rate of interest you are offered staying consistent throughout the term, a tracker’s rate is reflective of the Base Rate set down by the Bank of England. If the base rate either rises or falls so too will the interest rate on your savings bond.

 

  • Instant access accounts - Usually have lower rates of interest on them than bonds, but you have the advantage of being able to make a withdrawal at any point.

 

  • Structured Deposits – this type of saving plan generally offers better potential interest payments but interest gains are not guaranteed. If the index or Indices the structured deposit is tied to fails to perform in the way stated you will get back only your original investment without any interest.