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This comparison simply includes all savings accounts.

Masthaven Bank
Flexible Term Saver Masthaven Bank
Min deposit £500
Term 6 Months
Interest AER 1.60%

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

Ford Money
Fixed Saver Ford Money
Min deposit £500
Term 1 Year
Gross AER 2.00%

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.

Axis Bank
Fixed Rate Bond Axis Bank
Min deposit £1000
Term 2 Years
Interest AER 2.24%

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

Masthaven Bank
Fixed Rate Bond Masthaven Bank
Min deposit £500
Term 3 Years
Interest AER 2.36%

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

Masthaven Bank
Flexible Term Saver Masthaven Bank
Min deposit £500
Term 4 Years
Interest AER 2.53%

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

Masthaven Bank
Fixed Rate Bond Masthaven Bank
Min deposit £500
Term 5 Years
Interest AER 2.69%

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 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, for example RCI Bank and Post Office are offering 1.30% on their savings accounts. Generally, the interest paid with a savings account is only for fairly small sums of money or the savings accounts have a limit to the maximum amount you can deposit.

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

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.