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This comparison simply includes all savings accounts.

Hampshire Trust Bank
Fixed Rate Bond Hampshire Trust Bank
Min deposit £1
Term 6 Months
Interest AER 5.18%

Why we like it: MARKET LEADING 6 MONTH FIXED RATE BOND. Interest paid at maturity. 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

Hampshire Trust Bank
Fixed Rate Bond Hampshire Trust Bank
Min deposit £1
Term 9 Months
Interest AER 5.06%

Why we like it: MARKET LEADING 9 MONTH FIXED RATE BOND. Interest paid at maturity. 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

Aldermore
Fixed Rate Bond Aldermore
Min deposit £1000
Term 1 Year
Interest AER 5.11%

Why we like it: MARKET LEADING 1 YEAR FIXED RATE BOND. 1 year term, minimum deposit £1,000, no withdrawals permitted. FSCS Protected

Investec Savings
Fixed Rate Bond Investec Savings
Min deposit £5000
Term 1 Year
Interest AER 5.00%

Why we like it: Interest paid on maturity. Automatic repayment to your linked account. Maximum deposit £250,000. FSCS Protected. Must have a UK residential address and be aged 18 or older. No withdrawals permitted

Aldermore
Fixed Rate Bond Aldermore
Min deposit £1000
Term 18 Months
Interest AER 4.70%

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

RCI Bank
Fixed Rate Bond RCI Bank
Min deposit £1000
Term 2 Years
Interest AER 4.90%

Why we like it: MARKET LEADING 2 YEAR FIXED RATE BOND. 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)

Aldermore
Fixed Rate Bond Aldermore
Min deposit £1000
Term 2 Years
Interest AER 4.70%

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

Hampshire Trust Bank
Fixed Rate Bond Hampshire Trust Bank
Min deposit £1
Term 3 Years
Interest AER 4.65%

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

RCI Bank
Fixed Rate Bond RCI Bank
Min deposit £1000
Term 3 Years
Interest AER 4.65%

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)

Aldermore
Fixed Rate Bond Aldermore
Min deposit £1000
Term 3 Years
Interest AER 4.55%

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

RCI Bank
Fixed Rate Bond RCI Bank
Min deposit £1000
Term 4 Years
Interest AER 4.00%

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)

Aldermore
Fixed Rate Bond Aldermore
Min deposit £1000
Term 4 Years
Interest AER 4.00%

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

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Is an Aldermore fixed rate bond right for you?

Fixed rate bonds are one of the most common ways to protect and grow the value of your savings. They offer a dependable rate of interest for the life of the bond, preventing your savings from losing their value relative to inflation and usually increasing the real world value of your money.

For smaller amounts of money, a savings account will usually offer a better rate of interest than a fixed rate bond.

For example, RCI Bank and Post Office are offering 1.30% on their  leading savings accounts.

However, if your savings are above the limit where your savings account will pay interest or your maximum permitted balance, it can be well worth transferring the balance into a fixed rate bond. This will allow you to start getting a return on all of your savings without disrupting your day-to-day banking.

The most common types of bond last for 1 year, 2 years, 3 years or 5 years, with the longer term bonds generally offering higher rates of interest. Some will allow you to withdraw funds early if necessary, but there is usually a penalty for this in the form of lost interest payments.

Why choose an Aldermore fixed rate bond?

Aldermore are a retail bank offering both personal and business banking services. They specialise in lending and savings for SMEs and individuals and pride themselves on their quick, slick service.

Aldermore offer the following advantages when taking out one of their fixed rate bonds:

  • Minimum deposit of just £1,000
  • Maximum deposit of £1million
  • Open an account online in minutes, including all ID checks
  • Manage your account online, by phone or post
  • Won Best Online Savings Account Provider at the Your Money Awards 2014

Restrictions

The following are conditions you must meet in order to qualify for an Aldermore fixed rate bond.

  • You must be 18 years old or above
  • You must be resident in the UK and liable for UK tax
  • You must have a UK bank or building society account in your name
  • You cannot make withdrawals or close your account before your bond matures

Compare Aldermore fixed rate bonds

Aldermore offer a range of fixed rate bonds over different set periods from 1 year to 5 years. Below are links to three of their most popular products.

Aldermore 1 Year Fixed Rate Bond

Aldermore 2 Year Fixed Rate Bond

Aldermore 3 Year Fixed Rate Bond

Getting the best deal on fixed rate bonds

Banks and building societies change the interest rates and other conditions of their products on a regular basis to match market conditions and customer demand. This means that exactly which brands and products are offering the best deals changes all the time.

Your own personal circumstances and requirements will also make a difference to which product is right for you, so it’s important to carefully compare all of your options before making a decision. Our fixed rate bond comparison table above is regularly updated with the very best deals currently available, so make sure to check back regularly for the latest offers.

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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.