This website uses cookies to improve user experience. By using our website you consent to all cookies in accordance with our Cookie Policy. Read more

This comparison simply includes all savings accounts.

Vanquis
Fixed Rate Bond Vanquis
Min deposit £1000
Term 5 Years
Interest AER 2.35%

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

The Access Bank UK
Fixed Rate Bond The Access Bank UK
Min deposit £5000
Term 3 Years
Interest AER 2.20%

Why we like it: Save from £5,000 to £500,000. No additional deposits or withdrawals permitted. FSCS Protected

Axis Bank
Fixed Rate Bond Axis Bank
Min deposit £1000
Term 5 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

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

Vanquis
Fixed Rate Bond Vanquis
Min deposit £1000
Term 4 Years
Interest AER 2.10%

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

The Access Bank UK
Fixed Rate Bond The Access Bank UK
Min deposit £5000
Term 2 Years
Interest AER 2.00%

Why we like it: Save from £5,000 to £500,000. No additional deposits or withdrawals permitted. FSCS Protected

Wyelands Bank
Fixed Rate Bond Wyelands Bank
Min deposit £5000
Term 2 Years
Interest AER 2.00%

Why we like it: Save from £5,000. No withdrawals during the term. 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

The Access Bank UK
Fixed Rate Bond The Access Bank UK
Min deposit £5000
Term 1 Year
Interest AER 1.85%

Why we like it: Save from £5,000 to £500,000. No additional deposits or withdrawals permitted. FSCS Protected

Wyelands Bank
Fixed Rate Bond Wyelands Bank
Min deposit £5000
Term 1 Year
Interest AER 1.83%

Why we like it: Save from £5,000. No withdrawals during the term. FSCS Protected

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

Masthaven Bank
Flexible Term Saver Masthaven Bank
Min deposit £500
Term 9 Months
Interest AER 1.30%

Why we like it: 9 month term. Interest can be paid monthly or annually. Minimum deposit £500, Maximum deposit £250,000. No withdrawals permitted. FSCS Protected

load more

Is a Shawbrook Bank fixed rate bond right for you?

Getting the most out of your savings often involves splitting them between different types of financial products. This is because the best interest rates are usually offered by current accounts, but only for fairly small sums of money.

For example, right now TSB are offering 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. For larger amounts of money, moving the balance your current account will not pay interest on into another type of account, such as a fixed rate bond, is generally advisable.

A fixed rate bond pays a pre-agreed rate of interest until the bond matures. The longer the bond takes to mature, the higher the interest rate will normally be. The downside is that you cannot usually access your money for the life of the bond.

The most popular types of bonds have terms of 1 year, 2 years, 3 years and 5 years. The exact terms you will be offered vary from provider to provider and you may be able to take money out early in exchange for sacrificing some of your interest payments.

Starting a fixed rate bond should not interfere with your day-to-day banking as they can be set up entirely separately. This makes them a relatively hassle-free way to start getting more from your savings.

Why choose a Shawbrook Bank fixed rate bond?

Shawbrook Bank is a retail and commercial bank based in the UK. Their fixed rate bonds offer the following to their customers:

  • Minimum deposit of £1,000 - £5,000 depending on the length of the fixed term
  • Maximum deposit of £2million

Restrictions

When opening a Shawbrook fixed rate bond account the following conditions apply:

  • You must be a permanent UK resident
  • You must be at least 18 years old
  • No withdrawals can be taken until your bond reaches maturity

Compare Shawbrook Bank fixed rate bonds

Shawbrook Bank offer fixed rate bonds over 1-5 years as well as a number of cash ISAs. They offer both personal and business fixed rate bonds. Popular alternative providers include Aldermore, UBL and Vanquis. Take a look at the comparison table at the top of this page for the most competitive deals on fixed rate bonds that we have found from across the market.

Getting the best deal on fixed rate bonds

Finding the best deal on fixed rate bonds can be hard, especially given that the interest rates and other features on offer tend to change over time to reflect market conditions and customer demand.

Our fixed rate bonds comparison table, located at the top of this page, allows you to easily size up the different offers currently available to find the best choice for you. We change these offers regularly to show the most attractive deals we can find from across the market.

To get a fixed rate bond that works for you, it is important to carefully weigh up your financial circumstances and the return you would like to see. Make sure not to invest more than you can afford to do without for the full term of the bond to avoid getting into financial difficulties.

Latest news

Are you getting 10% on your savings?

In these low interest times getting a decent rate of return on your cash is not easy. Surprisingly some of the best interest rates are available via current accounts.

Newsletter signup

Sign up to our Newsletter to get exclusive news and offers direct to your inbox.

Let's get social now! Twitter Facebook

About us

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.