This comparison simply includes all savings accounts.
Bank Of Cyprus Fixed Rate Bonds
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
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
Why we like it: MARKET LEADING 1 YEAR FIXED RATE BOND. 1 year term, minimum deposit £1,000, no withdrawals permitted. FSCS Protected
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
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
Why we like it: Minimum deposit £1,000 - No withdrawals permitted - FSCS Protected
Why we like it: MARKET LEADING 2 YEAR FIXED RATE BOND. 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
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)
Why we like it: Minimum deposit £1,000 - No withdrawals permitted - FSCS Protected
Why we like it: MARKET LEADING 3 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)
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
Why we like it: Minimum deposit £1,000 - 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.
