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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 Leeds Building Society fixed rate bond right for you?

It can be difficult to know how to get the best return on your savings, especially with so many different savings products on the market. A current account will usually give the best rates of interest on small sums of money, but these usually have a fairly low cut off point above which interest is not paid.

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 you are looking to earn a return on an amount larger than your current account pays interest on, fixed rate bonds are worth considering.

Fixed rate bonds offer a guaranteed rate of interest until the bond matures and are usually offered over 1 year, 2 years, 3 years or 5 years. The longer the term of the bond, the better return you will usually get.

Once you place your funds into a fixed rate bond, you will normally not be able to access it until the bond matures. However, some providers will allow you to take money out before this in exchange for a financial penalty (usually in the form of lost interest payments).

Fixed rate bonds can help your savings retain their value relative to inflation and you will usually see the real world worth of your money increase over the life of the bond. Because you can keep your existing current account, a fixed rate bond should not impact on your regular banking.

Why choose a Leeds Building Society fixed rate bond?

Leeds Building Society is the fifth largest building society in the UK. Their fixed rate bonds offer the following key advantages:

  • Minimum deposit of £100
  • Maximum deposit of £1million
  • Interest can be paid monthly, annually or on maturity depending on the specific bond
  • Accounts can be managed by post or in branch

Restrictions

Fixed rate bonds from Leeds Building Society are offered with the following condition:

  • No early withdrawals are permitted

Compare Leeds Building Society fixed rate bonds

Right now, Leeds Building Society offer a range of fixed rate bonds over 1-4 years. If you are looking to invest for a longer period or are hoping to find a better rate of return, you may want to take a look at alternate providers including Aldermore, UBL and Vanquis.

Getting the best deal on fixed rate bonds

The exact products different institutions offer and the details of those products, such as interest rates, change all the time. This is due to shifts in the market and changing consumer demand. Keeping track of which brands and products are currently offering the best deal for you can, therefore, be a challenge.

Our fixed rate bond comparison table, above, allows you to quickly and easily compare the most attractive deals on the market to make your life easier. We keep these offers updated all the time to reflect the best value products we can find.

When choosing a fixed rate bond, it is important to be clear about your own expectations for the return you want to achieve and your existing and likely future financial commitments. Doing this should help to ensure that you end up making a decision that works for you long term.

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