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.

Milestone Savings
Fixed Rate Bond Milestone Savings
Min deposit £10000
Term 5 Years
Expected Profit Rate 2.37%

Why we like it: Interest paid annually. Open an account singly or jointly. Minimum deposit £10,000. No withdrawals permitted. Shariah compliant savings account. FSCS Protected

Masthaven Bank
Fixed Rate Bond Masthaven Bank
Min deposit £500
Term 5 Years
Interest AER 2.30%

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

The Access Bank UK
Fixed Rate Bond The Access Bank UK
Min deposit £5000
Term 3 Years
Interest AER 2.25%

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

Masthaven Bank
Flexible Term Saver Masthaven Bank
Min deposit £500
Term 4 Years
Interest AER 2.23%

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

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

The Access Bank UK
Fixed Rate Bond The Access Bank UK
Min deposit £5000
Term 2 Years
Interest AER 2.05%

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

Masthaven Bank
Fixed Rate Bond Masthaven Bank
Min deposit £500
Term 2 Years
Interest AER 2.00%

Why we like it: 2 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 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

Ford Money
Fixed Saver Ford Money
Min deposit £500
Term 2 Years
Gross AER 1.85%

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.

The Access Bank UK
Fixed Rate Bond The Access Bank UK
Min deposit £5000
Term 1 Year
Interest AER 1.80%

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

Ford Money
Fixed Saver Ford Money
Min deposit £500
Term 1 Year
Gross AER 1.70%

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.

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

load more

Is a TSB fixed rate bond right for you?

The best rates of interest for your savings will generally be found with a current account. For example, at the moment 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. If you go over these limits, however, you will usually earn no interest on any additional savings.

If this happens, you are likely to be better off if you transfer the balance not earning interest into a fixed term bond. This type of account provides a guaranteed rate of return on your savings in exchange for locking them away for a set period. You can usually place much larger amounts into a fixed rate bond than limit on which a current account will allow you to earn interest.

Popular types of fixed rate bond run for 1 year, 2 years, 3 years or 5 years and the longer the deposit term, the higher the interest rate you will generally be offered. Normally you cannot take any money out of your bond, or add any more in, until it reaches maturity. However, some providers offer exceptions to this rule if you pay a penalty fee.

Fixed rate bonds can be a great way to quickly and simply start earning a better return on your savings. They can be set up in parallel to your existing current account so should not interfere with your day-to-day banking.

Why choose a TSB fixed rate bond?

TSB Bank is a UK retail and commercial bank. It is a subsidiary of Sabadell Group. Customers investing their savings into a TSB fixed rate bond can take advantage of the following:

  • Minimum deposit of £2,000
  • You can hold multiple bonds up to a maximum of £5million
  • Interest can be paid monthly or annually
  • Check your balance online, by phone or in branch

Restrictions

When considering placing your savings into a fixed rate bond from TSB, please be aware:

  • You must be a UK resident
  • You must be at least 16 years old
  • No withdrawal can be made before maturity and early closure is not allowed
  • Only bonds opened online can be managed through internet banking

Compare TSB fixed rate bonds

TSB’s fixed rate bonds are offered over 1-3 years and can be opened online, over the phone or in branch. You may also wish to consider cash ISAs as another way to save which can be more tax efficient. Popular alternative providers of fixed interest savings accounts include Aldermore, UBL and Vanquis. Take a look at our fixed rate bonds comparison table at the top of the page for details of the latest deals from across the market.

Getting the best deal on fixed rate bonds

Interest rates and other features of the fixed rate bonds market change periodically to reflect wider economic conditions and customer demand. We aim to make it easier for consumers to stay up-to-date on all the best offers currently available on the market so you can finding the right deal for you.

The fixed rate bond comparison table, above, provides a simple way to contrast the best offers we have sourced from across the market. We frequently add new products as they become available so make sure to check back regularly for the best fixed rate bond deals from across the industry.

Before investing your savings in a fixed rate bond, be sure you have adequately accounted for all your existing and likely future financial commitments. This should ensure you end up with a deal that gives a good rate of return without leaving you short of money while you wait for your bond to mature.

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.