This comparison simply includes all savings accounts.
Yorkshire Bank Fixed Rate Bonds
Why we like it: 9 month term, minimum deposit £1,000, no withdrawals permitted. FSCS Protected
Why we like it: 1 year term, minimum deposit £1,000, no withdrawals permitted. FSCS Protected
Why we like it: Interest paid on maturity. Automatic repayment to your linked account. Maximum deposit £250,000. FSCS Protected. Must have a UK residential address and be aged 18 or older. No withdrawals permitted
Why we like it: Minimum deposit £1,000 - No withdrawals permitted - FSCS Protected
Why we like it: MARKET LEADING 2 YEAR FIXED RATE BOND. Which? Recommended Savings Provider. Save from £1,000 to £250,000. No withdrawals before the end of the term. Your eligible deposits with RCI Bank UK Limited are protected up to a total of £85,000 by the Financial Services Compensation Scheme (FSCS)
Why we like it: Minimum deposit £1,000 - No withdrawals permitted - FSCS Protected
Why we like it: MARKET LEADING 3 YEAR FIXED RATE BOND. Which? Recommended Savings Provider. Save from £1,000 to £250,000. No withdrawals before the end of the term. Your eligible deposits with RCI Bank UK Limited are protected up to a total of £85,000 by the Financial Services Compensation Scheme (FSCS)
Why we like it: Minimum deposit £1,000 - No withdrawals permitted - FSCS Protected
Why we like it: Which? Recommended Savings Provider. Save from £1,000 to £250,000. No withdrawals before the end of the term. Your eligible deposits with RCI Bank UK Limited are protected up to a total of £85,000 by the Financial Services Compensation Scheme (FSCS)
Why we like it: Minimum deposit £1,000 - No withdrawals permitted - FSCS Protected
Why we like it: Which? Recommended Savings Provider. Save from £1,000 to £250,000. No withdrawals before the end of the term. Your eligible deposits with RCI Bank UK Limited are protected up to a total of £85,000 by the Financial Services Compensation Scheme (FSCS)
Why we like it: Minimum deposit £1,000 - No withdrawals permitted - FSCS Protected
Is a Yorkshire Bank fixed rate bond right for you?
Fixed rate bonds are a good choice if you have a large amount of savings on which you want to see a dependable return. However, for smaller sums, a savings account will normally offer a better rate of interest.
However, if your savings go over the limit on which your savings account pays interest or above the account's maximum balance, it can be worthwhile moving the balance into a fixed rate bond. This will offer a guaranteed rate of interest in exchange for not being able to access your money until the bond matures.
Many providers offer fixed rate bonds, with 1 year, 2 year, 3 year and 5 year terms commonly offered. The longer you agree to lock your money away for, the better rate of interest you will usually receive.
Fixed rate bonds can be set up alongside your existing current account. This means they do not need to disrupt your regular banking, making fixed rate bonds a relatively straightforward, hassle-free way to start getting more back from your savings.
Why choose a Yorkshire Bank fixed rate bond?
Yorkshire Bank is UK bank which operates as a trading division of Clydesdale Bank. Customers wishing to open a fixed rate bond account with Yorkshire Bank are offered the following:
- Minimum deposit of £2,000
- Maximum deposit of £5million
- Interest can be paid monthly, annually or when your deposit matures
- Access your account in branch, by post, telephone or online
Restrictions
Yorkshire Bank fixed rate bond customers must accept the following conditions:
- You must be at least 16 years old
- Withdrawals and early closure are not allowed before maturity
Compare Yorkshire Bank fixed rate bonds
Yorkshire Bank offer fixed term deposits over 3-36 months. They also offer cash ISAs for tax efficient saving and a 40-Day notice account that provides many of the benefits of a fixed rate bond, but with the option to make withdrawals from the account with 40-days’ notice.
Getting the best deal on fixed rate bonds
The features of any financial product tend to change over time to reflect economic trends and consumer demand. This can make it difficult for customers to choose which fixed rate bond to invest in, as it can be hard to know which brands and products are currently offering the best deals.
Our fixed rate bonds comparison table (see top of page) lets you easily compare the best deals we have found from across the industry. We regularly update these deals to showcase the most attractive offers currently available.
Be sure to carefully weigh up your current and likely future financial commitments before investing into a fixed rate bond. You will usually not be able to access the money until the bond matures, even if you later decide you need it.
