This website uses cookies to improve user experience. By using our website you consent to all cookies in accordance with our Cookie Policy. Read more

Compare 5 Year Fixed Rate Bonds

Aldermore
Fixed Rate Bond Aldermore
Min deposit £1000
Term 5 Years
Interest AER 2.05%

Why we like it: Minimum deposit £1,000 - No withdrawals permitted - FSCS Protected

Aldermore
Fixed Rate Bond Aldermore
Min deposit £1000
Term 4 Years
Interest AER 2.00%

Why we like it: Minimum deposit £1,000 - No withdrawals permitted - FSCS Protected

RCI Bank
Fixed Rate Bond RCI Bank
Min deposit £1000
Term 5 Years
Interest AER 1.90%

Why we like it: Save from £1,000 to £1,000,000. 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 1.80%

Why we like it: Save from £1,000 to £1,000,000. 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)

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 Aldermore Bank presently offer 1.25% on their easy 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. Aldermore Bank 5 Year Fixed Rate Bond »

  • Fixed 5 Year 2.05% at time of writing
  • Interest is paid monthly or annually
  • Online access only
  • Minimum deposit - £1,000
  • FSCS Protected up to £85,000

Quick online application from Aldermore Bank

 

2. Aldermore Bank 4 Year Fixed Rate Bond »

  • Fixed 4 Year 2.00% at time of writing
  • Interest is paid monthly or annually
  • Online access only
  • Minimum deposit - £1,000
  • FSCS Protected up to £85,000

Quick online application from Aldermore Bank

3. RCI Bank 5 Year Fixed Rate Bond »

  • Fixed 5 Year 1.90% at time of writing
  • Interest paid annually
  • Open online
  • Minimum deposit - £1,000
  • FSCS Protected up to £85,000

Quick online application from RCI 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.

Latest news

Pensioner Bond Maturity - 5 Ideas For Your Cash

From January 2018 over 900,000 people who invested in pensioner bonds will start to see their bonds mature. Savers who have been enjoying 4% pa are going to get a shock when they look for comparable returns from cash in the current market. We have put together 5 ideas for your cash in 2018

Newsletter signup

Sign up to our Newsletter to get exclusive news and offers direct to your inbox.

Let's get social now! Twitter Facebook

About us

Simplysavingsaccounts.co.uk is a trading style of Fair Investment Company Ltd.

We've been comparing savings and current accounts for many years so you can trust you're in good hands.