Compare Santander fixed rate bonds with other leading savings deals from UK savings providers. We don't currently offer any Santander fixed rate bonds, but see the table below to compare fixed rate bonds from other leading providers and apply online:
Santander fixed rate bonds might be right for you if:
- You can afford to keep your cash locked away for at least 12 months
- You want a competitive interest rate
- You will not need instant access to your cash
But before you make your mind up about Santander fixed rate bonds, you could compare other leading fixed rate savings accounts using our simple comparison tables above.
Since any type of fixed term bond involves you locking your money away for a certain period it’s important to make sure you are getting the best plan before you do so. Using the above tables you can compare different fixed rate bonds from various providers to see if you can find which one might be the best choice of plan for your needs.
Although fixed rate bonds vary between plans they normally share a few common features such as:
- The interest rate you are offered will stay consistent no matter what happens to the market in general over the course of your bond. This means you may be locked into an uncompetitive rate should rates start to rise while your money is locked away in a fixed rate bond, but at the same time could secure you a better deal if they fall over the same period.
- You cannot make any withdrawals or additional deposits once you have set up the account
- You cannot close the account early without incurring some form of forfeit.
- Many bond providers will convert your bond into an instant access savings account when the term ends unless you otherwise tell them what you wish to be done with it.
- Tend to offer higher interest rates than their instant access alternative
An alternative to a fixed rate bond is a tracker bond; this type of bond usually offers you an interest rate that is reflective of the base rate of interest set by the Bank of England. This means that if the base rates increases so too will the amount you earn in interest, however if it decreases so too will the rate you are offered on your bond.
If you would like to have your savings more readily available to withdraw then an instant access savings account might be a better option for you.
You might also want to consider structured deposit plans - a selection of plans is available on this site. However it is important to remember with this kind of savings option that although they tend to offer better interest rates than both bonds and instant access savers your return is not guaranteed, you may only receive back your original investment with no interest gains on it.