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This comparison simply includes all savings accounts.

Habib Bank Zurich
Fixed Rate Bond Habib Bank Zurich
Min deposit £1000
Term 1 Year
Interest AER 1.85%

Why we like it: Minimum deposit £1000. No withdrawals permitted. Apply online. Eligible deposits covered by UK FSCS.

Masthaven Bank
Flexible Term Saver Masthaven Bank
Min deposit £500
Term 30 Months
Interest AER 2.11%

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

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 2.70%

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

Is a RBS fixed rate bond right for you?

What is the best way to increase your return on your savings?Typically, it depends on how much money you have put aside in your savings. For smaller amounts, you could use a savings account; they usually have the most attractive interest rates.

For example, the Post Office Online Saver offers 1.30% interest. It should be noted, as often with higher interest savings accounts, that the interest will drop significantly after the 12 month introductory period. Alternatively, they will have a maximum balance that you are permitted to have at one time and any money in your savings account above this limit will likely earn no interest at all.

You may want to explore your fixed rate bonds options. Fixed rate bonds offer a higher rate of interest in exchange for locking up your savings for a longer period of time. The majority of fixed rate bonds will be offered will run for either 1 year2 years3 years or 5 years. As a general rule, longer fixed rate bonds offer the highest interest.

Putting your savings into a fixed rate bond can help to counter the effects of inflation and ensure you do not lose money in real terms.

Why choose a RBS fixed rate bond?

RBS is one of the longest serving banks in the United Kingdom and the fixed rate bonds they currently have on offer have the following advantages:

  • One or two year fixed term
  • Minimum deposit of £5,000
  • Maximum deposit of £500,000
  • Make withdrawals or additional deposits up until a day before the fixed term starts
  • Make withdrawals during the fixed term with 35 days’ written notice
  • Interest is calculated daily
  • Interest is paid on the first business day in April and upon maturity
  • 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

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.