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This comparison simply includes all savings accounts.

Oak North
Fixed Rate Bond Oak North
Min deposit £1000
Term 12 Months
Interest AER 1.87%

Why we like it: £1,000 minimum deposit, £250,000 maximum. Interest paid on maturity. No withdrawals permitted. FSCS Protected

Oak North
Fixed Rate Bond Oak North
Min deposit £1000
Term 18 Months
Interest AER 1.95%

Why we like it: £1,000 minimum deposit, £250,000 maximum. Interest paid on maturity. No withdrawals permitted. FSCS Protected

Oak North
Fixed Rate Bond Oak North
Min deposit £1000
Term 24 Months
Interest AER 2.14%

Why we like it: £1,000 minimum deposit, £250,000 maximum. Interest paid on maturity. No withdrawals permitted. FSCS Protected

Oak North
Fixed Rate Bond Oak North
Min deposit £1000
Term 30 Months
Interest AER 2.16%

Why we like it: £1,000 minimum deposit, £250,000 maximum. Interest paid on maturity. No withdrawals permitted. FSCS Protected

RCI Bank
Fixed Rate Bond RCI Bank
Min deposit £1000
Term 3 Years
Interest AER 2.31%

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 2.52%

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 2.66%

Why we like it: Minimum deposit £1,000. Interest paid monthly or annually. Apply online. Eligible deposits covered by UK FSCS.

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 savings account will normally offer the most attractive interest rates. For example, RCI Bank and Post Office presently offer 1.30% on their savings accounts. However, these have a maximum balance that you are permitted to have in the account at one time . Any money in your savings account above this limit will likely earn no interest at all.

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

NatWest 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 customers 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

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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Simplysavingsaccounts.co.uk is a trading style of Fair Investment Company Ltd.

We've been comparing savings and current accounts for many years so you can trust you're in good hands.