This comparison simply includes all savings accounts.
Santander Fixed Rate Bonds
Why we like it: 6 month term. Interest can be paid monthly or annually. Minimum deposit £500, Maximum deposit £250,000. No withdrawals permitted. FSCS Protected
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.
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
Why we like it: 3 year term. Interest can be paid monthly or annually. Minimum deposit £500, Maximum deposit £250,000. No withdrawals permitted. FSCS Protected
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
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
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
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.