Compare 5 Year Fixed Rate Bonds
5 Year Fixed Rate Bonds
UBL
More info
Why we like it: Register for a free Raisin UK Account to apply for product and receive a cash bonus. Interest paid on maturity. Maximum deposit £85,000. FSCS Protected. Must be UK resident and aged 18 or older. No withdrawals permitted
Why we like it: Register for a free Raisin UK Account to apply for product and receive a cash bonus. Interest paid on maturity. Maximum deposit £85,000. FSCS Protected. Must be UK resident and aged 18 or older. No withdrawals permitted
Why we like it: Register for a free Raisin UK Account to apply for product and receive a cash bonus. Interest paid on maturity. Maximum deposit £85,000. FSCS Protected. Must be UK resident and aged 18 or older. No withdrawals permitted
Why we like it: Interest paid annually. Open in a single or a joint name. Maximum deposit £250,000. FSCS Protected. Winner of Platinum Feefo Trusted Service Award in 2021. Must be UK resident and be aged 18 or older. No withdrawals permitted
Why we like it: Register for a free Raisin UK Account to apply for product and receive a cash bonus. Interest paid on maturity. Maximum deposit £85,000. FSCS Protected. Must be UK resident and aged 18 or older. No withdrawals permitted
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: Register for a free Raisin UK Account to apply for product and receive a cash bonus. Interest paid on maturity. Maximum deposit £85,000. FSCS Protected. Must be UK resident and aged 18 or older. No withdrawals permitted
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: Register for a free Raisin UK Account to apply for product and receive a cash bonus. Interest paid on maturity. Maximum deposit £85,000. FSCS Protected. Must be UK resident and aged 18 or older. No withdrawals permitted
Is a 5 year fixed rate bond right for you?
For smaller amounts of money, a savings account is likely to offer the best rate of interest. For example Investec Bank currently offer 0.58% on their Freedom Saver Instant Access Savings Account.
If you want to earn interest on an amount of money greater than the limit on your savings account, however, a fixed rate bond is usually your best option. Fixed rate bonds provide a guaranteed return on the amount you deposit and usually allow you to claim interest up to a much higher limit than most savings accounts.
Fixed rate bonds can be set up without affecting your existing current account, meaning you can start making your money work harder for you without disrupting your regular banking processes.
5 year fixed rate bonds are aimed at customers who have no immediate need for their savings and generally offer much better rates of interest than shorter term bonds. They are also a great way to maintain the value of your savings relative to inflation.
Compare 5 year fixed rate bonds
We have selected some of the most attractive 4 and 5 year fixed rate bonds currently on offer below. The rates of interest they offer change regularly, so please see the table above for the latest rates.
1. UBL 5 Year Fixed Rate Bond »
- Fixed 5 Year 2.05% at time of writing
- Interest paid at maturity
- Open online
- Minimum deposit - £1,000
- Register for a free Raisin UK Account to apply for product
- FSCS Protected up to £85,000
Quick online application from UBL
2. QIB Bank 5 Year Fixed Rate Bond »
- Fixed 5 Year 2.00% at time of writing
- Interest paid at maturity
- Open online
- Minimum deposit - £1,000
- Register for a free Raisin UK Account to apply for product
- FSCS Protected up to £85,000
Quick online application from QIB Bank
Other fixed rate bonds
Taking out a 5 year bond is a big commitment as you won’t be able to access your money for a long time. If you are concerned about locking up your funds for that long, a 1 year, 2 year or 3 year fixed rate bond could be an easier choice while still offering a decent return.
Many bonds allow you to automatically rollover your deposit into a new bond when the current one reaches maturity. This means shorter term bonds can still offer a long-term return while offering you more flexibility with your savings.
Find 5 Year Fixed Rate Bond Best Buys
Putting your money into a 5 year fixed rate bond is a significant commitment, so you need to be sure you have carefully considered all of the available options before making a choice. Be clear exactly what you want to get from your investment before you start comparing different bonds and you are much more likely to end up with a deal that works for you.
