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Scottish Widows Bank Fixed Rate Bonds

Compare Scottish Widows Savings With The Market

Scottish Widows Fixed Rate Bonds
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Latest Fixed Rate Bond Deals
ProviderAccountInterest Rate (AER)TermApply

2.20%

per annum

£5,000Apply Now >
Earn 2.20% fixed interest - 3 year term - Minimum deposit £5,000 - No withdrawals permitted. FSCS Protected

2.02%

per annum

£5,000Apply Now >
Earn 2.02% fixed interest - 2 year term - Minimum deposit £5,000 - No withdrawals permitted. FSCS Protected

2.40%

per annum

£1,000Apply Now >
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

1.72%

per annum

£5,000Apply Now >
Earn 1.72% fixed interest. 1 year term, save from £5,000 to £500,000, no additional deposits or withdrawals permitted, FSCS Protected

1.95%

per annum

£1,000Apply Now >
Earn 1.95% gross/AER fixed for 3 years. Save £1,000 - £250,000. No withdrawals during the term. Individual or joint accounts available. FSCS Protected
ProviderAccountInterest RateTermApply

Up to

1.50%

AER/Gross p.a (variable)

Instant accessMore Info >
Save £50 or more each month and earn up to 1.50% AER/Gross p.a. (variable). . Instant access to your savings. Open the account with just £1. Interest rates - 1.50% AER/Gross p.a. (variable) for balances between £1 – £5,000, 1.00% AER/Gross p.a. (variable) between £5,001 – £10,000, 0.20% AER/Gross p.a. (variable) over £10,000 (based on growing your balance by £50 a month)
1.30%Instant AccessMore Info >
MARKET LEADING. Earn 1.30% 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.

1.22%

Instant AccessMore Info >
Earn 1.22% AER variable interest. Interest can be paid monthly or annually. Open an account singly or jointly. Minimum deposit £1. Unlimited deposits and withdrawals permitted. FSCS Protected
1.15%Easy AccessMore Info >
1.15% gross/AER. Instant Access. Free withdrawals and no notice period. Deposit from £100. Includes a fixed bonus of 0.95% gross fixed for the first 12 months. Quick and easy online application

1.96%

per annum

£1,000More Info >
Earn 1.96% gross/AER fixed for 12 months. £1,000 minimum deposit, £250,000 maximum. Interest paid on maturity. No withdrawals permitted. FSCS Protected

1.97%

per annum

£1,000More Info >
Earn 1.97% gross/AER fixed for 15 months. £1,000 minimum deposit, £250,000 maximum. Interest paid on maturity. No withdrawals permitted. FSCS Protected

2.01%

per annum

£1,000More Info >
Earn 2.01% gross/AER fixed for 18 months. £1,000 minimum deposit, £250,000 maximum. Interest paid on maturity. No withdrawals permitted. FSCS Protected

2.17%

per annum

£1,000More Info >
Earn 2.17% fixed interest. 24 month term. £1,000 minimum deposit, £250,000 maximum. Interest paid on maturity. No withdrawals permitted. FSCS Protected

2.18%

per annum

£1,000More Info >
Earn 2.18% gross/AER fixed for 30 months. £1,000 minimum deposit, £250,000 maximum. Interest paid on maturity. No withdrawals permitted. FSCS Protected

2.31%

per annum

£1,000More Info >
Earn 2.31% gross/AER fixed for 3 years. Save from £1,000 to £1,000,000. No withdrawals before the end of the term. RCI Bank are protected up to a total of €100,000 by the FGDR (Fonds de Garantie Dépôts et de Résolution), the French deposit protection scheme. Apply online.

2.40%

per annum

£1,000More Info >
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

2.50%

per annum

£1,000More Info >
Earn 2.50% 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
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.
Latest Current Account Deals
 AccountInterest (AER)Overdraft RateFunding Required*Fee pmFeaturesApply
5.0%*0% for 12 months£1,000 per monthN/A5.0% IN-CREDIT INTEREST on balances up to £2,500 for the first year.More Info >
3.0%*0% for first £250No minimum £133.0% INTEREST on balances up to £2,500More Info >
1.50%*Up to £3 per day£500 per month£5 pm*1.50% AER (variable) on your entire balance up to £20,000. Up to 3% cashback on household bills.More Info >
N/A0% for first 3 monthsNo minimum N/A3 months interest-free overdraft and no monthly account feeMore Info >
N/A0% for first £250No minimumFree if funding £1,000 or £10 below £1,000Switch your current account and you'll get a free gift worth up to £150. £250 interest free overdraft. Free banking if paying over £1,000 per month. Satisfaction guarantee - £100 if you leave within 6 monthsMore 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 pa
No Fixed TermMore Info >
  • Summer 2018 Cashback Offer. Receive up to £400 cashback when you invest by 3 August 2018
  • Innovative Finance ISAs (IFISA) are the new way to invest tax-free. Just like Cash and Stocks & Shares ISAs, you can invest up to £20,000 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 pa
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
2.70% to 5.00%
average annualised rate
Easy Access, 1 Year or 5 Year Peer to PeerMore Info >
  • New investor offer: £100 bonus when you invest £1,000+ for a year. Ts & Cs apply
  • Innovative Finance ISA - all earnings are tax free
  • Choice of three markets: Rolling, 1 Year or 5 Year
  • Annualised average target return of between 2.70% and 5.00%
  • Capital and interest is only paid at the end of loan term in 2 out of the 3 markets – in the 5 year the interest is repaid in line with the investment repayment
  • Access your money early if funds available in market to replace withdrawal
  • Provision fund provides buffer against credit losses
  • Capital at risk
  • Must be aged 18 or older
  • RateSetter IF ISA is an investment, not a deposit account
  • Provision fund is not a guarantee
  • 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

If you have some funds that you wish to lock away in an investment for a predefined time-frame you may be wondering if a Scottish Widows Bank fixed rate bond is the right choice for you. Scottish Widow fixed rate bonds are currently unavailable however they do offer a ‘fixed term deposit account’ which still offers a fixed rate of interest, however instead of it accruing on your bond it gets paid into a different account you nominate. Before you decide if this product is right for you can compare it with other options using the comparison tables below.

Scottish Widows Bank fixed term deposit account feature:

  • Choice of a 1 or 3 year investment
  • Choice of interest being paid monthly, quarterly or annually
  • Interest can be paid to a another Scottish Widows Bank deposit account or an external bank account held in your name
  • Minimum deposit of £5,000
  • Maximum deposit of £5million
  • Can be opened by new or existing Scottish Widows Bank customers

 

If you are considering a Scottish Widows fixed term deposit, then before you take one out you may wish to consider other options, as these kinds of investments require you to lock your funds away for a set period of time without access to them it is a good idea to shop around beforehand to try and find the plan that fits your requirements best. You can use the comparison tables on this page to look at a range of fixed rate deposits and other types of investments from various providers to compare their different features.

 

Other types of investment you might want to look into include:

Tracker bonds – This is another type of bond so it lasts for a pre-fixed duration but  instead of your interest rate staying consistent throughout the bonds term, it will change in relation to any increases or decreases in the Base Rate set by the Bank of England. This means you could get a better or worse interest rate over the bond’s term. Due to this variation you cannot predict beforehand how much you will receive in return at the end of the bond’s term.


Structured Deposits – Like fixed rate and tracker bonds a structured deposit requires you to lock up your funds for a period of time however they generally offer better potential interest payments, but they are not guaranteed so you may only get your original deposit back, the conditions to receive an interest payment is dependent on the index or indices (such as the FTSE 100) meeting certain criteria over the plans course, as set out in the terms and conditions.


Savings Account – Instant access savings accounts tend to offer lower interest rates than structured deposits or bonds, however they will usually allow you to make unlimited penalty free withdrawals from the account.