Compare 5 Year Fixed Rate Bonds
5 Year Fixed Rate Bonds
Why we like it: 5 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: Minimum deposit £1,000. Interest paid monthly or annually. Apply online. Eligible deposits covered by UK FSCS.
Why we like it: 4 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: Minimum deposit £1,000. Interest paid monthly or annually. Apply online. Eligible deposits covered by UK FSCS.
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 - No withdrawals permitted - FSCS Protected
Why we like it: Minimum deposit £1,000 - No withdrawals permitted - FSCS Protected
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. Right now, RCI Bank are offering 1.30% on their savings accounts.
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. Masthaven Bank 5 Year Fixed Rate Bond »
- Fixed 5 Year 2.69% at time of writing
- Interest is paid annually or at maturity
- Online access only
- Minimum deposit - £500
- Maximum deposit - £250,000
- FSCS Protected up to £85,000
Quick online application from Masthaven Bank
2. Vanquis Bank 5 Year Fixed Rate Bond »
- Fixed 5 Year 2.68% at time of writing
- Interest is paid monthly or annually
- Online access only
- Minimum deposit - £1,000
- Maximum deposit - £250,000
- FSCS Protected up to £85,000
Quick online application from Vanquis Bank
3. Masthaven Bank 4 Year Fixed Rate Bond »
- Fixed 4 Year 2.53% at time of writing
- Interest is paid annually or at maturity
- Online access only
- Minimum deposit - £500
- Maximum deposit - £250,000
- FSCS Protected up to £85,000
Quick online application from Masthaven 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.
