Saving for the future? If you're happy to lock your money away for a set term, a Fixed-Rate account could suit you. After maturity, you can access your funds and you may benefit from a higher, guaranteed rate.
Fixed-Rate savings are ideal for goals you can plan ahead for, because you know exactly how much interest you’ll earn and when you’ll receive it.
Interested? This article tells you what you need to know, how it works, and the key benefits to expect.
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| Account | Interest rate | Open from | Withdrawals | Useful information | |
|---|---|---|---|---|---|
| Fixed-Rate Bond to 28th February 2027 | 3.50% Gross p.a3.50% AER |
£5,000 | Not permitted |
|
View Apply Now |
| Fixed-Rate Bond to 29th February 2028 | 3.50% Gross p.a3.50% AER |
£5,000 | Not permitted |
|
View Apply Now |
| Fixed-Rate Bond to 28th February 2029 | 3.55% Gross p.a3.55% AER |
£5,000 | Not permitted |
|
View Apply Now |
| Fixed-Rate ISA to 28th February 2027 | Tax Free 3.50% Gross p.a3.50% AER |
£5,000 | Not permitted |
|
View Apply Now |
| Fixed-Rate ISA to 29th February 2028 | Tax Free 3.50% Gross p.a3.50% AER |
£5,000 | Not permitted |
|
View Apply Now |
| Fixed-Rate ISA to 28th February 2029 | Tax Free 3.55% Gross p.a3.55% AER |
£5,000 | Not permitted |
|
View Apply Now |
| Monthly Income Fixed-Rate Bond to 31st March 2029 | 3.54% Gross p.a3.60% AER |
£20,000 | Not permitted |
|
View Apply Now |
Book a face-to-face or telephone appointment with our friendly team to guide you through our range of savings accounts, and find out if your money could work harder for you.
Can I have more than one Fixed-Rate Savings Account?
Yes, it is possible to have more than one Fixed-Rate savings account.
Do I have to pay tax on Fixed-Rate Bonds?
Interest earned from Fixed-Rate Bonds is generally subject to income tax. The tax rate will depend on your individual tax bracket and tax jurisdiction. It is important to consult a financial advisor or tax professional for specific tax advice.
What are the main benefits of a Fixed-Rate Bond?
The main benefits of a Fixed-Rate Bond are that you know the interest rate of your account from the outset, and it will remain fixed for the entire term of the bond. Some bonds pay interest monthly, providing a steady income throughout the term. Others accumulate interest and pay it either annually or in a single lump sum at maturity.
Who are Fixed-Rate accounts suitable for?
Fixed-Rate savings accounts are designed for savers who want a fixed rate of interest and don't mind locking their savings away.
How do I open a Fixed-Rate Bond
You can open an account using our Online Services, in branch or by downloading an application form from our website and emailing or posting it to us. From the date the account is opened, you have 14 days in which to change your mind and close it without notice or penalty.
Can I withdraw money?
No withdrawals are permitted, and the Bond cannot be closed until the maturity date.
