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This comparison simply includes all savings accounts.

Charter Savings Bank
Fixed Rate Bond Charter Savings Bank
Min deposit £1000
Term 1 Year
Interest AER 0.9%

Why we like it: Market Leading 1 Year Fixed Rate Bond. Register for a free Raisin UK Account to apply for product and receive a cash bonus. Interest paid on maturity. Maximum deposit £85,000. FSCS Protected. Must be UK resident and aged 18 or older. No withdrawals permitted

Union Bank
Fixed Rate Bond Union Bank
Min deposit £1000
Term 1 Year
Interest AER 0.85%

Why we like it: Register for a free Raisin UK Account to apply for product and receive a cash bonus. Interest paid on maturity. Maximum deposit £85,000. FSCS Protected. Must be UK resident and aged 18 or older. No withdrawals permitted

QIB UK Bank
Fixed Rate Bond QIB UK Bank
Min deposit £1000
Term 2 Years
Interest AER 0.9%

Why we like it: Register for a free Raisin UK Account to apply for product and receive a cash bonus. Interest paid on maturity. Maximum deposit £85,000. FSCS Protected. Must be UK resident and aged 18 or older. No withdrawals permitted

FCMB
Fixed Rate Bond FCMB
Min deposit £1000
Term 2 Years
Interest AER 0.88%

Why we like it: Register for a free Raisin UK Account to apply for product and receive a cash bonus. Interest paid on maturity. Maximum deposit £85,000. FSCS Protected. Must be UK resident and aged 18 or older. No withdrawals permitted

Aldermore
Fixed Rate Bond Aldermore
Min deposit £1000
Term 3 Years
Interest AER 1.00%

Why we like it: Minimum deposit £1,000 - No withdrawals permitted - FSCS Protected

FCMB
Fixed Rate Bond FCMB
Min deposit £1000
Term 3 Years
Interest AER 1.00%

Why we like it: Register for a free Raisin UK Account to apply for product and receive a cash bonus. Interest paid on maturity. Maximum deposit £85,000. FSCS Protected. Must be UK resident and aged 18 or older. No withdrawals permitted

Aldermore
Fixed Rate Bond Aldermore
Min deposit £1000
Term 4 Years
Interest AER 1.05%

Why we like it: Market Leading 4 Year Fixed Rate Bond. Minimum deposit £1,000 - No withdrawals permitted - FSCS Protected

RCI Bank
Fixed Rate Bond RCI Bank
Min deposit £1000
Term 4 Years
Interest AER 0.9%

Why we like it: 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)

Aldermore
Fixed Rate Bond Aldermore
Min deposit £1000
Term 5 Years
Interest AER 1.25%

Why we like it: Market Leading 5 Year Fixed Rate Bond. Minimum deposit £1,000 - No withdrawals permitted - FSCS Protected

IS Bank
Fixed Rate Bond IS Bank
Min deposit £1000
Term 5 Years
Interest AER 1.00%

Why we like it: Register for a free Raisin UK Account to apply for product and receive a cash bonus. Interest paid on maturity. Maximum deposit £85,000. FSCS Protected. Must be UK resident and aged 18 or older. No withdrawals permitted

Is a Clydesdale Bank fixed rate bond right for you?

If you have a significant amount of savings, a fixed rate bond can help you maximise the value of your money.

Savings accounts usually offer the best interest rates on small deposits, with RCI Bank and Post Office presently offer 1.30% on their savings accounts.

If your savings are greater than the interest ceiling or your maximum permitted balance on your savings account, transferring the balance into one or more fixed rate bonds means all of your money will be earning a return. Fixed rate bonds provide a dependable return for the life of the bond and help prevent your money losing its value relative to inflation. Generally, the real world worth of your money should increase when the bond matures.

1 year, 2 years, 3 years or 5 year fixed rate bonds are normally the most popular, but some providers also offer bonds of different lengths. The interest rates will generally be higher the longer the bond term runs. You may be allowed to take money out of your account early in some cases, but will usually have to sacrifice some of your interest payments in exchange.

If you have savings that aren’t earning interest, moving them into a fixed rate bond can be a simple and effective way to start getting more for your money. It also allows you to keep your existing current account, so there is no disruption to your normal banking.

Why choose a Clydesdale Bank fixed rate bond?

Clydesdale Bank is a commercial bank headquartered in Glasgow, Scotland. Their fixed rate bonds offer customers the following benefits:

  • Minimum deposit of £2,000
  • Maximum deposit of £5million
  • Interest can be paid monthly, annually or when your deposit matures

Restrictions

Clydesdale Bank’s fixed rate bonds are subject to the following conditions:

  • No withdrawals can be made until the bond reaches maturity

Compare Clydesdale Bank fixed rate bonds

Clydesdale Bank offer term deposits over periods from 3 months to 3 years with higher rates of interest for the longer term deposits. If you are looking to make a longer commitment to receive a better return, you may want to consider alternative providers such as Aldermore, UBL or Vanquis.

Getting the best deal on fixed rate bonds

The interest rates and other features offered on fixed rate bonds vary over time due to changes in the market and consumer demand. This means that which brands and products offer the best value will differ depending on when you are looking.

These regular shifts in the market can make it difficult for customers to know which fixed rate bonds offer the best deal for them. Our comparison table, found at the top of this page, is regularly updated with all the latest and most attractive fixed rate bond deals, making it the ideal place to stay up to speed with all the latest investment opportunities.

Be sure to carefully consider your personal circumstances and the level of return you wish to receive before choosing which fixed term bond to take out. This should mean you are much more likely to be satisfied with your investment long term.

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Simplysavingsaccounts.co.uk is a trading style of Fair Investment Company Ltd.

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