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This comparison simply includes all savings accounts.

Ford Money
Fixed Saver Ford Money
Min deposit £500
Term 1 Year
Gross AER 2.00%

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.

Ford Money
Fixed Saver Ford Money
Min deposit £500
Term 2 Years
Gross AER 2.22%

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.

RCI Bank
Fixed Rate Bond RCI Bank
Min deposit £1000
Term 3 Years
Interest AER 2.36%

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 2.50%

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.

Is a HSBC fixed rate bond right for you?

For deposits which exceed the interest-paying limit or your maximum permitted balance on your savings account, a fixed rate bond can be a good option. They usually have much higher thresholds for interest than savings accounts and the interest rate you receive will be fixed for the life of the bond.

1 year, 2 year, 3 year and 5 year fixed rate bonds are commonly offered by a variety of institutions, including HSBC. The longer the bond is for, the better rate of return you will usually receive. You may have the option to withdraw money from your bond before it matures, but this will usually incur a financial penalty.

If you are not currently earning interest on all of your savings, one or more fixed rate bonds can allow you to start getting more from your money. This can help to protect your money from decreasing in real world value due to the effects of inflation and should see your investment grow in value in most cases.

Why choose a HSBC fixed rate bond?

HSBC is the world’s fourth largest bank. Their fixed rate bonds offer customers the following key advantages:

  • Minimum deposit of £2,000
  • Maximum deposit of £1million
  • Interest can be paid monthly, annually or on maturity
  • Manage your account in branch or over the phone
  • For deposits under £50,000 you can close the bond early in exchange for 90 days interest

Restrictions

HSBC’s fixed rate bonds come with the following conditions:

  • For amounts over £50,000, no withdrawals can be made before the bond matures

Compare HSBC fixed rate bonds

HSBC currently offer fixed rate bonds with terms ranging from 3 months to 3 years. They also offer a number of cash ISAs. To make an investment over a longer period or to find a higher rate of interest, you may want to take a look at other providers such as Aldermore, UBL or Vanquis.

Getting the best deal on fixed rate bonds

Exactly what interest rates and features different providers will offer on their fixed rate bonds will change over time to reflect market conditions and consumer demand. This can make it difficult for customers to keep track of which financial products offer the best deal for them.

Our comparison table at the top of the page lets you quickly and easily compare all of the most competitive fixed rate bonds on the market. These offers are regularly updated so it is worth checking back frequently to see the more recent deals.

Investing in a fixed rate bond is a serious commitment, so make sure to carefully consider your financial situation and aspirations before making a decision. This should help to ensure that you end up with a choice you remain happy with.

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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