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This comparison simply includes all savings accounts.

Milestone Savings
Fixed Rate Bond Milestone Savings
Min deposit £10000
Term 5 Years
Expected Profit Rate 2.37%

Why we like it: Interest paid annually. Open an account singly or jointly. Minimum deposit £10,000. No withdrawals permitted. Shariah compliant savings account. FSCS Protected

Masthaven Bank
Fixed Rate Bond Masthaven Bank
Min deposit £500
Term 5 Years
Interest AER 2.30%

Why we like it: 5 year 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 3 Years
Interest AER 2.25%

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

Masthaven Bank
Flexible Term Saver Masthaven Bank
Min deposit £500
Term 4 Years
Interest AER 2.23%

Why we like it: 4 year term. Interest can be paid monthly or annually. Minimum deposit £500, Maximum deposit £250,000. 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

The Access Bank UK
Fixed Rate Bond The Access Bank UK
Min deposit £5000
Term 2 Years
Interest AER 2.05%

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

Masthaven Bank
Fixed Rate Bond Masthaven Bank
Min deposit £500
Term 2 Years
Interest AER 2.00%

Why we like it: 2 year 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 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

Ford Money
Fixed Saver Ford Money
Min deposit £500
Term 2 Years
Gross AER 1.85%

Why we like it: Minimum deposit £500. Open an account singly or jointly. Interest can be paid monthly or annually. Eligible deposits covered by UK FSCS.

The Access Bank UK
Fixed Rate Bond The Access Bank UK
Min deposit £5000
Term 1 Year
Interest AER 1.80%

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

Ford Money
Fixed Saver Ford Money
Min deposit £500
Term 1 Year
Gross AER 1.70%

Why we like it: Minimum deposit £500. Open an account singly or jointly. Interest can be paid monthly or annually. Eligible deposits covered by UK FSCS.

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

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Is a Barclays 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 current account as these generally offer the best rates of interest – but only up to a limit.

Right now, TSB are offering 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. If your savings exceed the amount you are able to earn interest on with your current account, you will likely be better off if you transfer the balance into a fixed rate bond.

Fixed rate bonds, such as the ones offered by Barclays, provide a guaranteed rate of interest for the life of the bond. This means that your savings should not be losing value relative to inflation and will usually increase in real world value.

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?

Barclays are one of the UK’s best known high street banks. The offer the following terms on their fixed rate bonds:

  • Minimum deposit of just £500
  • Maximum deposit of £1million
  • Interest can be paid monthly or when the bond matures

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 extra deposits or withdrawals until the bond matures

Compare Barclays fixed rate bonds

Barclays are currently only offering 1 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

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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.