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This comparison simply includes all savings accounts.

Oak North
Fixed Rate Bond Oak North
Min deposit £1000
Term 12 Months
Interest AER 1.87%

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 18 Months
Interest AER 1.95%

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 2.14%

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 30 Months
Interest AER 2.16%

Why we like it: £1,000 minimum deposit, £250,000 maximum. Interest paid on maturity. 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.

Vanquis
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.

Vanquis
Fixed Rate Bond Vanquis
Min deposit £1000
Term 5 Years
Interest AER 2.66%

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

Is a Britannia fixed rate bond right for you?

Fixed rate bonds, like those offered by Britannia, are ideal for anyone wanting to earn interest on a large sum of money.

You can earn a good amount of interest up to a certain amount through a savings account. For example, RCI Bank and Post Office are offering 1.30% on their  leading savings accounts.

If your savings are greater than the interest ceiling or your maximum permitted balance on your savings account, however, a fixed rate bond can be a great choice. You can simply transfer the portion of your savings account balance not earning interest into one or more fixed rate bonds and start earning interest on all of your savings.

Fixed rates bonds provide a reliable rate of interest for the life of the bond which can help maintain the value of your savings relative to inflation. In most cases, the real world value of your savings will increase once your bond matures.

The most popular fixed rate bonds run for 1 year, 2 years, 3 years or 5 years, while some providers also offer 30 month and 4 year bonds. The longer the term of the bond, the higher the interest rate it will usually provide. While some providers allow you to withdraw money from your bond before it reaches maturity, you will usually be penalised by losing some of your expected interest payments.

Transferring some of your savings into a fixed rate bond is a relatively simple process which allows you to keep your existing current account, thus avoiding any issues with your day-to-day banking.

Why choose a Britannia fixed rate bond?

Formerly a mutual building society, Britannia is now a trading name of the Co-operative Bank in the UK following a merger in 2009.

A Britannia fixed rate bond offers the following to customers:

  • Minimum deposit of £1,000
  • Maximum deposit of £1million
  • Accounts can be accessed at a branch or by post
  • Interest can be paid monthly, annually or when your bond matures

Restrictions

Britannia fixed rate bonds are subject to the following conditions:

  • You must be a UK resident
  • No withdrawals can be made until the bond reaches maturity

Compare Britannia fixed rate bonds

Britannia currently offer 1, 2 or 3 year fixed rate bonds. If you are looking for a bond with a longer term to take advantage of the higher interest rates these usually offer, you may want to take a look at alternative providers such as Aldermore, UBL or Vanquis.

Getting the best deal on fixed rate bonds

Interest rates and other features of fixed rate bonds change regularly to reflect shifts in the market and consumer demand. As a result, the providers and products offering the best deals vary over time. This can make it difficult for customers to know which fixed rate bond will offer them the best return while matching their other personal requirements.

We regularly update the comparison table at the top of this page with the current best deals on fixed rate bonds from across the market. This makes it much easier for you to stay on top of all the latest opportunities to get more from your savings.

Before choosing a fixed rate bond, make sure to spend some time carefully considering what you want to get out of your bond as well as your exact circumstances. Doing this should ensure you can find the best deal for you.

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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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.