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This comparison simply includes all savings accounts.

Vanquis
Fixed Rate Bond Vanquis
Min deposit £1000
Term 5 Years
Interest AER 2.35%

Why we like it: Minimum deposit £1,000. Interest paid monthly or annually. Apply online. Eligible deposits covered by UK FSCS.

The Access Bank UK
Fixed Rate Bond The Access Bank UK
Min deposit £5000
Term 3 Years
Interest AER 2.20%

Why we like it: Save from £5,000 to £500,000. No additional deposits or withdrawals permitted. FSCS Protected

Axis Bank
Fixed Rate Bond Axis Bank
Min deposit £1000
Term 5 Years
Interest AER 2.16%

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

Axis Bank
Fixed Rate Bond Axis Bank
Min deposit £1000
Term 3 Years
Interest AER 2.16%

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

Vanquis
Fixed Rate Bond Vanquis
Min deposit £1000
Term 4 Years
Interest AER 2.10%

Why we like it: Minimum deposit £1,000. Interest paid monthly or annually. Apply online. Eligible deposits covered by UK FSCS.

The Access Bank UK
Fixed Rate Bond The Access Bank UK
Min deposit £5000
Term 2 Years
Interest AER 2.00%

Why we like it: Save from £5,000 to £500,000. No additional deposits or withdrawals permitted. FSCS Protected

Wyelands Bank
Fixed Rate Bond Wyelands Bank
Min deposit £5000
Term 2 Years
Interest AER 2.00%

Why we like it: Save from £5,000. No withdrawals during the term. FSCS Protected

Masthaven Bank
Flexible Term Saver Masthaven Bank
Min deposit £500
Term 30 Months
Interest AER 1.85%

Why we like it: 30 month term. Interest can be paid monthly or annually. Minimum deposit £500, Maximum deposit £250,000. No withdrawals permitted. FSCS Protected

The Access Bank UK
Fixed Rate Bond The Access Bank UK
Min deposit £5000
Term 1 Year
Interest AER 1.85%

Why we like it: Save from £5,000 to £500,000. No additional deposits or withdrawals permitted. FSCS Protected

Wyelands Bank
Fixed Rate Bond Wyelands Bank
Min deposit £5000
Term 1 Year
Interest AER 1.83%

Why we like it: Save from £5,000. No withdrawals during the term. FSCS Protected

Masthaven Bank
Flexible Term Saver Masthaven Bank
Min deposit £500
Term 18 Months
Interest AER 1.70%

Why we like it: 18 month term. Interest can be paid monthly or annually. Minimum deposit £500, Maximum deposit £250,000. No withdrawals permitted. FSCS Protected

Masthaven Bank
Flexible Term Saver Masthaven Bank
Min deposit £500
Term 9 Months
Interest AER 1.30%

Why we like it: 9 month term. Interest can be paid monthly or annually. Minimum deposit £500, Maximum deposit £250,000. 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 current account will usually offer a better rate of interest than a fixed rate bond. For example, TSB offer 5% AER on their TSB current account for balances up to £2,000, while Santander pay 1.5% AER up to a limit of £20,000.

However, if your savings are above the limit where your current account will pay interest, 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.

Latest news

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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.