Terms and Conditions: 4.20% AER/(4.12% Gross p.a.). NatWest's Fixed Term Savings Rates are 4.20% AER/(4.12% Gross p.a.) fixed for 1 year and 4.00% AER/(3.93% Gross p.a.) fixed for 2 years. Offer available until 5pm on 19th November 2025 for new customers and 24th November 2025 for existing customers. Please be aware that this offer can be withdrawn at any time due to limited availability. Interest paid monthly and on maturity. This account is for sole applicants only and cannot be opened in joint names. Minimum deposit £1. Maximum deposit £5,000,000.00. You can make additional payments or withdrawals from your account until 3:30pm on 2nd December 2025. After this date partial withdrawals are not allowed. If you want to make a withdrawal after this time and before the Maturity Date, you must close your account by giving 35 days’ written notice to your branch. Early Closure Charge may apply. The Early Closure Charge will be the lower of the amount of interest earned on your account or 90 days’ interest. Interest will automatically be paid into your Fixed Term Savings Account. You can choose to have interest paid into another Nominated Account. This must be a NatWest personal current or savings account with instant access (other than a cash ISA) held in your name at the same branch as your Fixed Term Savings Account. If interest is paid into your Nominated Account, you can access it the following day. You must be 16 or over and a UK resident. FSCS protected
Terms and Conditions: 4.20% AER/(4.12% Gross p.a.). Royal Bank of Scotland's Fixed Term Savings Rates are 4.20% AER/(4.12% Gross p.a.) fixed for 1 year and 4.00% AER/(3.93% Gross p.a.) fixed for 2 years. Offer available until 5pm on 19th November 2025 for new customers and 24th November 2025 for existing customers. Please be aware that this offer can be withdrawn at any time due to limited availability. Interest paid monthly and on maturity. This account is for sole applicants only and cannot be opened in joint names. Minimum deposit £1. Maximum deposit £5,000,000.00. You can make additional payments or withdrawals from your account until 3:30pm on 2nd December 2025. After this date partial withdrawals are not allowed. If you want to make a withdrawal after this time and before the Maturity Date, you must close your account by giving 35 days’ written notice to your branch. Early Closure Charge may apply. The Early Closure Charge will be the lower of the amount of interest earned on your account or 90 days’ interest. Interest will automatically be paid into your Fixed Term Savings Account. You can choose to have interest paid into another Nominated Account. This must be a NatWest personal current or savings account with instant access (other than a cash ISA) held in your name at the same branch as your Fixed Term Savings Account. If interest is paid into your Nominated Account, you can access it the following day. You must be 16 or over and a UK resident. FSCS protected
How do you get the best return on your savings? Depending on how much money you have to invest, you may need to split your funds across several different types of financial products.
A savings account will generally give the best rate of interest on relatively small sums of money.
Fixed rate bonds pay interest on much larger amounts of money than most current accounts and the return you get will be set at a pre-agreed level for the life of the bond. Bonds commonly last for 1 year, 2 years, 3 years or 5 years and the longer the bond lasts, the better interest rate you will usually get.
The main drawback is that you won’t usually be able to take any money out of a fixed rate bond until it matures. However, some providers do allow early withdrawals in exchange for a penalty fee. This usually takes the form of a percentage of your interest payments.
If you want to start earning more from your savings, a fixed rate bond can be a fairly straightforward way to do it. You can keep your existing current account when you set up a fixed rate bond, meaning you do not need to change any of your normal banking processes.
Why choose a Tesco fixed rate bond?
Tesco Bank is a British retail bank which is wholly owned by Tesco plc. If you would like to take out a fixed rate bond with Tesco, you will be offered the following benefits:
Minimum deposit of £2,000
Maximum deposit of £5million
Interest can be taken monthly or annually
Manage your account online or by phone
Restrictions
If you wish to apply for a Tesco fixed rate bond, please be aware:
You must be a UK resident
You must be at least 18 years old
No additional deposits or withdrawals can be made until your bond matures
Compare Tesco fixed rate bonds
Tesco Bank offer fixed rate bonds with terms from 1-5 years. They also offer cash ISAs as another way to save. Popular competitors include Aldermore who are worth checking out before making a decision. Please take a look at the fixed rate bond comparison table above for all the most competitive deals we have sourced from across the market.
Getting the best deal on fixed rate bonds
Due to the ever-changing nature of the market and consumer demand, the interest rates and other features that providers offer on their fixed rate bonds rarely stay the same for long. This can present a challenge to anyone looking to invest as it makes it difficult to know which brands and products are currently offering the best deals.
We regularly update the fixed rate bond comparison tool at the top of this page with the most attractive deals we can find from across the industry. This makes it much easier for customers to compare the latest offers and find one that works for them.
When choosing a fixed rate bond to invest in, make sure you know exactly how much money you can afford to invest and what level of return you would like to achieve. This makes it much more likely you will end up with an investment you are happy with in the long run.
