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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 Santander fixed rate bond right for you?

A number of today's savings accounts may provide competitive interest;for example, RCI Bank and Post Office are offering 1.30% on their savings accounts. However, often there is a generally low threshold above which no interest will be paid or a limit to the amount you can have in the account at one time. 

Fixed rate bonds offer a secure return on your investment for the term of your deposit with longer term bonds generally giving a better rate of interest. The maximum you can earn interest on is usually much higher than for a savings account, making fixed rate bonds a good choice for more substantial savings.

1 year, 2 year, 3 year and 5 year fixed rate bonds are all commonly available. You will usually not be able to access your money until the bond has matured, but some providers do allow early withdrawal and/or closure in exchange for a financial penalty.

If you are not currently earning a return on the whole of your savings, a fixed rate bond is a relatively straightforward way to start getting more from your money. You can set up bonds alongside your existing current account so they do not need to disrupt your regular banking processes.

Why choose a Santander fixed rate bond?

The Santander Group is a Spanish banking group with over 100 million customers worldwide. When taking out one of their fixed rate bonds you will benefit from:

  • Minimum deposit of £500
  • Maximum deposit of £2million
  • Interest paid monthly, annually or when your bond matures
  • Managing your account online, in branch or by phone

Restrictions

To qualify for a Santander fixed rate bond you must accept the following conditions:

  • You must be a UK resident
  • You must be at least 16 years old
  • No additional deposits, withdrawal or early closure is allowed

Compare Santander fixed rate bonds

Santander currently offer 1, 2 and 3 year fixed rate bonds alongside a number of cash ISAs. To make a longer term investment for a better rate of interest, you may want to consider alternative institutions including Aldermore, UBL and Vanquis.

Getting the best deal on fixed rate bonds

With any financial products, features such as interest rates will change over time to reflect fluctuations in the market and changing customer demand. This can make it hard to find the right deal for you.

Our comparison table, above, makes it really easy to contrast the different features of the top fixed rate bonds currently on offer. We keep these offers regularly updated, so you can always be confident you will find the best deals right here.

Careful consideration of your current and likely future financial circumstances is advised before making any investment decision. Make sure you are confident that you will not need your savings before placing them into a fixed term bond and be clear exactly what return you would like to see before making a choice.

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.