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Compare 5 Year Fixed Rate Bonds

RCI Bank
Fixed Rate Bond RCI Bank
Min deposit £1000
Term 5 Years
Interest AER 2.45%

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)

RCI Bank
Fixed Rate Bond RCI Bank
Min deposit £1000
Term 4 Years
Interest AER 2.40%

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)

UBL
Fixed Rate Bond UBL
Min deposit £1000
Term 5 Years
Interest AER 2.30%

Why we like it: Register for a free Raisin UK Account to apply for product and receive a £25 cash bonus for deposits of £10,000 or more. Interest paid on maturity. Maximum deposit £85,000. FSCS Protected. Must be UK resident and aged 18 or older. No withdrawals permitted

UBL
Fixed Rate Bond UBL
Min deposit £1000
Term 4 Years
Interest AER 2.30%

Why we like it: Register for a free Raisin UK Account to apply for product and receive a £25 cash bonus for deposits of £10,000 or more. Interest paid on maturity. Maximum deposit £85,000. FSCS Protected. Must be UK resident and aged 18 or older. No withdrawals permitted

QIB UK Bank
Fixed Rate Bond QIB UK Bank
Min deposit £1000
Term 5 Years
Interest AER 2.25%

Why we like it: Register for a free Raisin UK Account to apply for product and receive a £25 cash bonus for deposits of £10,000 or more. Interest paid on maturity. Maximum deposit £85,000. FSCS Protected. Must be UK resident and aged 18 or older. No withdrawals permitted

Nationwide
Fixed Rate Bond Nationwide
Min deposit £1
Term 5 Years
Interest AER 2.10%

Why we like it: Interest paid aannually. Open in single or joint name. Maximum deposit £5,000,000. Open and manage online. FSCS Protected. Must be UK resident and be aged 16 or older. No withdrawals permitted

Bank of Ceylon
Fixed Rate Bond Bank of Ceylon
Min deposit £1000
Term 5 Years
Interest AER 2.05%

Why we like it: Register for a free Raisin UK Account to apply for product and receive a £25 cash bonus for deposits of £10,000 or more. Interest paid on maturity. Maximum deposit £85,000. FSCS Protected. Must be UK resident and aged 18 or older. No withdrawals permitted

Leeds Building Society
Fixed Rate Bond Leeds Building Society
Min deposit £100
Term 5 Years
Interest AER 2.00%

Why we like it: Interest paid annually. Open online, in branch or by post. FSCS Protected. Must be UK resident and be aged 18 or older. No withdrawals permitted

Hampshire Trust Bank
Fixed Rate Bond Hampshire Trust Bank
Min deposit £1
Term 5 Years
Interest AER 1.60%

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

ICICI Bank
Fixed Rate Bond ICICI Bank
Min deposit £1000
Term 5 Years
Interest AER 1.95%

Why we like it: Register for a free Raisin UK Account to apply for product and receive a £25 cash bonus for deposits of £10,000 or more. Interest paid on maturity. Maximum deposit £85,000. FSCS Protected. Must be UK resident and aged 18 or older. No withdrawals permitted

IS Bank
Fixed Rate Bond IS Bank
Min deposit £1000
Term 5 Years
Interest AER 1.58%

Why we like it: Register for a free Raisin UK Account to apply for product and receive a £25 cash bonus for deposits of £10,000 or more. Interest paid on maturity. Maximum deposit £85,000. FSCS Protected. Must be UK resident and aged 18 or older. No withdrawals permitted

IS Bank
Fixed Rate Bond IS Bank
Min deposit £1000
Term 4 Years
Interest AER 1.50%

Why we like it: Register for a free Raisin UK Account to apply for product and receive a £25 cash bonus for deposits of £10,000 or more. 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 RCI Bank currently offer 1.10% on their Freedom Saver 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. RCI Bank 5 Year Fixed Rate Bond »

  • Fixed 5 Year 2.45% at time of writing
  • Interest paid monthly or annually
  • Open online
  • Minimum deposit - £1,000
  • Which? Recommended Savings Provider
  • FSCS Protected up to £85,000

Quick online application from RCI Bank

2. UBL 5 Year Fixed Rate Bond »

  • Fixed 5 Year 2.30% 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

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.

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