This website uses cookies to improve user experience. By using our website you consent to all cookies in accordance with our Cookie Policy. Read more

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.

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 2.70%

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

Fixed rate bonds for clubs

Whether you have a social club, sports club or any other group activity that requires funding, you will usually rely on the fees from your members for financial support.

If you want to see your club’s membership fees work harder for you, you could deposit some of the club’s capital into a fixed rate bond.

Fixed rate bonds features

You could see some significant growth in your club’s capital if you are prepared to lock up your money in a fixed rate bond. This is because fixed rate bonds offer some of the best interest available, in comparison to rates offered with current or savings accounts.

You can get a fixed rate bond from most high street banks or building societies, as they typically offer fixed rate bonds that run for  1 year2 years3 years or 5 years. If you are happy with tying up your capital for a number of years you could receive some substantial interest, as often the higher rates of interest are reserved for the longer fixed rate bonds.

Restricted access

If you decide to take out a fixed rate bond, you need to be certain that you will not need to withdraw the capital for the duration of the term.  Some providers do allow a “cooling period”, where you can amend your deposit, but after that you will not be able to touch your capital.

In the event that you do need to withdraw the capital from the fixed rate bond, or close the bond early, you will likely incur a penalty from the bank; this could be costly, as penalties are often calculated as a number of days’ interest and may reduce your capital significantly.

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

Newsletter signup

Sign up to our Newsletter to get exclusive news and offers direct to your inbox.

Let's get social now! Twitter Facebook

About us

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.