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This comparison simply includes all savings accounts.

Habib Bank Zurich
Fixed Rate Bond Habib Bank Zurich
Min deposit £1000
Term 1 Year
Interest AER 1.85%

Why we like it: Minimum deposit £1000. No withdrawals permitted. Apply online. Eligible deposits covered by UK FSCS.

Masthaven Bank
Flexible Term Saver Masthaven Bank
Min deposit £500
Term 30 Months
Interest AER 2.11%

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

RCI Bank
Fixed Rate Bond RCI Bank
Min deposit £1000
Term 3 Years
Interest AER 2.31%

Why we like it: Save from £1,000 to £1,000,000. No withdrawals before the end of the term. RCI Bank are protected up to a total of €100,000 by the FGDR (Fonds de Garantie Dépôts et de Résolution), the French deposit protection scheme. Apply online.

Fixed Rate Bond Vanquis
Min deposit £1000
Term 4 Years
Interest AER 2.52%

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

Fixed Rate Bond Vanquis
Min deposit £1000
Term 5 Years
Interest AER 2.70%

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

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

The best way to get the most out of your savings depends on how much you have in the pot. Traditionally, people who have wanted to get the most from the money they are putting aside have looked to savings accounts.

Savings accounts offer competitive rates of interest for smaller amounts of money. For example, the leading savings account with the Post Office offers an interest rate of 1.30%. However, for the majority of savings accounts, the interest rate on offer reverts to the bank’s underlying interest rate after the first year. Other savings accounts may have different conditions such as a maximum balance that you are permitted to have at one time, meaning that any money above the limit will likely earn no interest at all.

To maximise the return on your savings, you could explore your fixed rate bond options. If you confident that you will not need to use your savings for a period of time, fixed rate bonds may help grow your savings faster than other available options; they offer a higher rate of interest in exchange for tying up your savings for the duration of the fixed term. You can find a number of fixed rate bonds on the market, which usually run for either 1 year2 years3 years or 5 years. Typically, longer fixed rate bonds offer the highest interest.

Fixed rate bonds enable you to access higher interest rates, which could protect your savings from losing value in real terms.

Why choose a Bank of Scotland fixed rate bond?

The Bank of Scotland have their own fixed rate bond which offers:

  • Minimum deposit of £2,000
  • Early closure available if you need to access your savings
  • Interest paid monthly or annually
  • Interest can be paid into the bond, allowing your savings to grow faster
  • You can manage your account online, in branch or over the phone

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 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.