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Fixed Rate Bonds UK Saver Deals April 2019

Written by Editorial Team
Last updated: 10th August 2023

If you are looking for more from your cash than what an instant access account can provide then a fixed rate bond may be an option for you. The fixed rate bonds highlighted below are covered by the FSCS (Financial Services Compensation Scheme) which provides protection of your money up to £85,000 in the event that a bank fails.

1 Year Fixed Rate Bonds

The Access Bank UK are currently offering a competitive 1 year fixed rate of 1.90% AER for deposits of £5,000 or more. You can apply online or by post. Aldermore Bank are offering 1.85% AER (1.83% Gross Monthly Interest) for deposits of £1,000 or more. Aldermore provide online access to their accounts.

2 Year Fixed Rate Bonds

Aldermore Bank offer a competitive rate of 2.25% AER (2.23% Gross Monthly Interest) on deposits of £1,000 or more. RCI Bank offer 2.11% AER with an attractive feature of being able to top up your account with unlimited deposits in the first 30 days of opening.

3 Year Fixed Rate Bonds

Aldermore Bank offer a competitive rate of 2.40% AER (2.37% Gross Monthly Interest) on a 3 year fixed term for deposits of £1,000 or more. RCI Bank offer a rate of 2.36% with unlimited top ups from the first 30 days of application. Moneyfacts gave RCI Bank the “Best Buy” for this account as at 18/12/2018.

4 Year Fixed Rate Bonds

Not many Banks provide a 4 year fixed rate. Aldermore Bank do. They offer a competitive 2.45% AER (2.42% Gross Monthly Interest) fixed rate with a minimum deposit of £1,000.

5 Year Fixed Rate Bonds

For a 5 year fixed rate see Aldermore Bank’s 2.50% AER (2.47% Gross Monthly Interest) Rate as a good home for your money. This is for a minimum deposit of £1,000.

If you are happy to lock your money away for 5 years or more you may wish to consider alternative options for your cash where your capital is guaranteed but where the return on your money is linked to the performance of the stockmarket. Structured deposit plans are not for everybody but offer an option to savers who are looking for higher returns.

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