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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 Kent Reliance fixed rate bond right for you?

Getting the most from your savings often means you have to split your money across several different financial products. For smaller sums, a current account will usually give the best rate of interest.

For example, TSB are offering 5% AER on their TSB current account for balances up to £2,000, while Santander pay 1.5% AER up to a limit of £20,000. If your savings exceed the amount on which your current account will pay interest, however, it is often a good idea to move the balance into a fixed rate bond.

Fixed rate bonds give a dependable return on your money over the life of the bond. They protect your savings from losing their real world value due to the impact of inflation and you will generally see the value of your investment increase (although this is not guaranteed).

Popular types of fixed rate bonds usually run for 1 year, 2 years, 3 years or 5 years. The longer the term of the bond, the higher interest rate you will normally receive. Some providers allow you to remove funds from your account early if you need to, although you will usually pay a penalty in the form of lost interest payments.

One big plus with fixed rate bonds is you can operate them in parallel to your current account, so you can get a return on all of your savings without interfering with your normal banking processes.

Why choose a Kent Reliance fixed rate bond?

Kent Reliance are a specialist savings account provider. Their fixed rate bonds offer the following key benefits:

  • Minimum deposit of £1,000
  • Maximum deposit of £1million
  • Interest can be paid monthly, annually or on maturity
  • Accounts can be managed online, by post or in branch
  • There is no minimum age to open an account

Restrictions

If you take out a fixed rate bond with Kent Reliance, please be aware of the following:

  • Any early withdrawals will result in a penalty of 180 days interest on the amount taken out

Compare Kent Reliance fixed rate bonds

At the moment, Kent Reliance offer one and two year fixed rate bonds. If you would like to make an investment over a longer period, in order to earn a higher rate of interest, you may wish to consider other providers including Aldermore, UBL and Vanquis.

Getting the best deal on fixed rate bonds

The financial products different companies offer change all the time, as do the interest rates they pay and other features. This is to match changes in the market and consumer demand. As a result, it can be hard for customers to keep a handle on what the best deals are at any given moment.

Our fixed rate bond comparison table at the top of this page lists the most competitive offers we can find and is regularly updated to reflect the changing market. This makes it a really easy way to contrast and compare different bonds to find the best deal for you.

Make sure you take the time to carefully weigh up your current and likely future financial situation against the kind of return you want to see before making an investment. This should allow you to choose the best fixed rate savings bond for you.

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