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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 HSBC fixed rate bond right for you?

Fixed rate bonds offer a guaranteed rate of interest on the money you deposit into them, however, for smaller sums a current account will usually offer a better return. This is because they generally give higher rates of interest, but only up to a certain threshold.

Two of the most competitive current accounts on the market right now are from TSB, who are offering 5% AER on their TSB current account for balances up to £2,000, and Santander, who pay 1.5% AER up to a limit of £20,000.

However, for deposits which exceed the interest-paying limit on your current account, a fixed rate bond can be a good option. They usually have much higher thresholds for interest than current 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 offer 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.

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