What is a fixed rate savings bond?

A fixed rate savings bond is a type of savings account that involves putting your money away for a set period of time. Because you’re locking it away, you get a guaranteed amount of interest as we won’t change the interest rate during that time.

As these allow for higher maximum balances than ISAs, they can be particularly appealing to those who have a larger amount of personal savings.

Although fixed rate savings bonds usually have a higher rate of interest than notice or easy access accounts, fixed bonds aren’t for everyone. If you need more flexibility, a notice account or an easy access account could be right for you.

We also offer fixed rate Cash ISA bonds.

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