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This comparison simply includes all savings accounts.

Oak North
Fixed Rate Bond Oak North
Min deposit £1000
Term 6 Months
Interest AER 1.80%

Why we like it: £1,000 minimum deposit, £250,000 maximum. Interest paid on maturity. No withdrawals permitted. FSCS Protected

Oak North
Fixed Rate Bond Oak North
Min deposit £1000
Term 12 Months
Interest AER 2.02%

Why we like it: £1,000 minimum deposit, £250,000 maximum. Interest paid on maturity. No withdrawals permitted. FSCS Protected

Oak North
Fixed Rate Bond Oak North
Min deposit £1000
Term 24 Months
Interest AER 2.30%

Why we like it: £1,000 minimum deposit, £250,000 maximum. Interest paid on maturity. No withdrawals permitted. FSCS Protected

Oak North
Fixed Rate Bond Oak North
Min deposit £1000
Term 36 Months
Interest AER 2.38%

Why we like it: £1,000 minimum deposit, £250,000 maximum. Interest paid on maturity. No withdrawals permitted. FSCS Protected

Oak North
Fixed Rate Bond Oak North
Min deposit £1000
Term 60 Months
Interest AER 2.43%

Why we like it: £1,000 minimum deposit, £250,000 maximum. Interest paid on maturity. No withdrawals permitted. FSCS Protected

Oak North
Fixed Rate Bond Oak North
Min deposit £1000
Term 48 Months
Interest AER 2.41%

Why we like it: £1,000 minimum deposit, £250,000 maximum. Interest paid on maturity. No withdrawals permitted. FSCS Protected

Is a Bank of Cyprus fixed rate bond right for you?

We all want to earn interest on our savings, but it’s not always obvious what the best way to do this is. For smaller sums, it is usually best to put your money into a savings account, as these generally offer the best rates of interest – but they usually have a maximum balance or a limit over which they will not pay interest.

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

Most fixed rate bonds run for 1 year, 2 years, 3 years or 5 years and the longer the term of the bond, the higher interest rate you will tend to receive. You may be able to withdraw money from your bond early if you really need to, but this will usually incur a penalty, which is normally in the form of lost interest payments.

Fixed rate bonds are a relatively simple way to start earning a return on the whole of your savings. They can be set-up alongside your existing current account, so should not interfere with your regular banking.

Why choose a Barclays fixed rate bond?

Bank of Cyprus UK offer the following terms on their fixed rate bonds:

  • Minimum deposit of just £10,000
  • Maximum deposit of £1million
  •  Fixed rate of interest guaranteed for the term of the bond
  • Annual or monthly interest options

Restrictions

Barclays fixed rate bonds are subject to the following conditions:

  • You must be 18 years old or over
  • You must be a UK resident for tax purposes
  • You cannot make any withdrawals until the bond matures

Compare Bank of Cyprus fixed rate bonds

Bank of Cyprus UK are currently offering 1,2 and 3 year fixed rate bonds, so if you are looking for a longer term investment you will need to consider alternate providers, such as Aldermore or Vanquis.

Getting the best deal on fixed rate bonds

The interest rates and conditions on fixed rate bonds change regularly in response to market conditions and customer demand. As a result, knowing which brands and products currently offer the best deal for consumers can be tricky.

You also need to carefully consider your own needs and circumstances, to make sure you are selecting the best fixed rate bond for your personal requirements.

Our table at the top of the page is constantly updated with the very best fixed rate bonds currently available, so please make sure to check in regularly to find the best savings deals on the market.

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

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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.