Compare 3 Year Fixed Rate Bonds
3 Year Fixed Rate Bonds
Why we like it: Save from £5,000 to £500,000. No additional deposits or withdrawals permitted. FSCS Protected
Why we like it: Interest can be paid monthly, quarterly or at maturity - Minimum deposit £1,000 - Maximum deposit £200,000 - No withdrawals permitted - FSCS Protected
Why we like it: Minimum deposit £1,000. Interest paid monthly or annually. Apply online. Eligible deposits covered by UK FSCS.
Why we like it: Interest paid at annually. Minimum deposit £1,000. No withdrawals permitted. FSCS Protected
Why we like it: 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.
Why we like it: 3 year term. Interest can be paid monthly or annually. Minimum deposit £500, Maximum deposit £250,000. No withdrawals permitted. FSCS Protected
Why we like it: 30 month term. Interest can be paid monthly or annually. Minimum deposit £500, Maximum deposit £250,000. No withdrawals permitted. FSCS Protected
Why we like it: Minimum deposit £1,000 - No withdrawals permitted - FSCS Protected
Is a 3 year fixed rate bond right for you?
If you are looking for a good return on small amounts of money, you may be best putting your funds into a current account. TSB currently offer 5% AER on the TSB current account for deposits up to £2,000, while Santander pay 1.5% AER up to a £20,000 limit.
However, if you want to collect interest on a larger sum, you will usually be better off placing your money into a fixed rate bond. This offers a dependable return for the life of the bond and the maximum deposit on which interest is paid is usually much higher than for most current accounts.
The great thing about fixed rate bonds is you can set them up alongside your existing current account, so you get the most from your money without having to change your day-to-day banking.
A 3 year fixed rate bond is ideal if you are confident you won’t need to access your funds any time soon. They usually offer attractive rates of interest and help your savings to retain their value relative to inflation.
Compare 3 year fixed rate bonds
The following are some of the most popular and competitive 3 year fixed rate bonds. The interest rates they offer vary over time, so please check the table above for the latest rates.
Market leading Vanquis Bank pay interest monthly, annually or at maturity on amounts from £1,000-£250,000. Access to accounts is online only.
Aldermore pride themselves on their fast, straightforward application process. You can open an account, complete with ID checks, in just minutes. They require a minimum deposit of £1,000 and you can access your account online, by phone or by post.
Another market leader, United Bank Ltd (UBC) require a minimum deposit of £2,000 and you must have an existing account with a UK bank or building society. Interest can be taken monthly, yearly or at maturity. Access to accounts is online only.
Other fixed rate bonds
1 year or 2 year fixed rate bonds can be a better option if you think there is a possibility you will need to access your funds sooner. Many schemes let you automatically rollover your deposit into a new bond when your current one reaches maturity. This lets you can keep receiving a return if you don’t end up needing to use your money.
Alternatively, a 5 year fixed rate bond will generally offer a significantly better rate of interest than accounts with a shorter term. So, if you are happy to lock your money away for longer, you can end up earning a much better return.
Find 3 Year Fixed Rate Bond Best Buys
Selecting the best 3 year fixed rate bond for you is a big decision, which is why it’s so important to carefully compare all of the available deals. Make sure you know exactly what you are looking to get out of your fixed rate bond, then you should be able to find a product that matches your needs.