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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 NatWest fixed rate bond right for you?

How can you earn the best return on your savings? Generally, it depends on how much money you have in the pot. For smaller amounts, a current account will normally offer the most attractive interest rates, but these will only apply up to a certain maximum threshold. Any money in your current account above this limit will likely earn no interest at all.

For example, TSB currently offer 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 go over the interest limit for your current account, you are therefore likely to see a much better return if you shift the excess into a fixed rate bond.

Fixed rate bonds give you a set rate of interest for the life of the bond in exchange for not being able to access your money until the bond matures. Bonds which run for longer usually offer higher rates of interest. Commonly available bonds tend to run for 1 year, 2 years, 3 years or 5 years.

Putting your savings into a fixed rate bond can help prevent them losing real world value relative to inflation. Normally the buying power of your savings will increase by the time your bond reaches maturity.

Starting a fixed rate bond should not affect your existing current account and therefore should not impact on your regular banking.

Why choose a NatWest fixed rate bond?

NatWest is one of the UK’s largest retail and commercial banks. The fixed rate bonds they currently offer have the following advantages:

  • Minimum deposit of £5,000
  • Maximum deposit of £500,000
  • Interest is paid monthly and when your bond matures
  • Interest can be paid into the bond, allowing your savings to grow faster
  • You can manage your account online, in branch or over the phone

Restrictions

When investing in a NatWest fixed term bond you must abide by the following:

  • You must be at least 16 years old
  • Early withdrawals are not permitted, but you can close your account early which may attract an early closure charge

Compare NatWest fixed rate bonds

Nationwide currently offer 1 and 2 year fixed rate bonds to their customers. If you need a bond with a longer life, offering a higher rate of interest, please take a look at other savings providers such as Aldermore, UBL and Vanquis.

Getting the best deal on fixed rate bonds

Knowing which brands and products currently offer the best deal for consumers on fixed rate bonds can be very time-consuming. This is because the interest rates and other features offered on the most competitive accounts change all the time to reflect market conditions and consumer demand.

The comparison table above features our pick of the most attractive deals we can find on the market and is frequently updated to match the latest trends in the market. This makes it much easier to find the best deals on fixed rate bonds for you, all in one place.

Before investing in a fixed rate bond, make sure you know exactly what return you need to make on your savings and how your financial circumstances are likely to shape up over the life of the bond. This should help ensure you end up with a savings account that works for you long term.

Latest news

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