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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

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Is a Yorkshire Bank fixed rate bond right for you?

Fixed rate bonds are a good choice if you have a large amount of savings on which you want to see a dependable return. However, for smaller sums, a current account will normally offer a better rate of interest. For example, 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.

However, if your savings go over the limit on which your current account pays interest, it can be worthwhile moving the balance into a fixed rate bond. This will offer a guaranteed rate of interest in exchange for not being able to access your money until the bond matures.

Many providers offer fixed rate bonds, with 1 year, 2 year, 3 year and 5 year terms commonly offered. The longer you agree to lock your money away for, the better rate of interest you will usually receive.

Fixed rate bonds can be set up alongside your existing current account. This means they do not need to disrupt your regular banking, making fixed rate bonds a relatively straightforward, hassle-free way to start getting more back from your savings.

Why choose a Yorkshire Bank fixed rate bond?

Yorkshire Bank is UK bank which operates as a trading division of Clydesdale Bank. Customers wishing to open a fixed rate bond account with Yorkshire Bank are offered the following:

  • Minimum deposit of £2,000
  • Maximum deposit of £5million
  • Interest can be paid monthly, annually or when your deposit matures
  • Access your account in branch, by post, telephone or online

Restrictions

Yorkshire Bank fixed rate bond customers must accept the following conditions:

  • You must be at least 16 years old
  • Withdrawals and early closure are not allowed before maturity

Compare Yorkshire Bank fixed rate bonds

Yorkshire Bank offer fixed term deposits over 3-36 months. They also offer cash ISAs for tax efficient saving and a 40-Day notice account which provides many of the benefits of a fixed rate bond, but with the option to make withdrawals from the account with 40-days’ notice.

Getting the best deal on fixed rate bonds

The features of any financial product tend to change over time to reflect economic trends and consumer demand. This can make it difficult for customers to choose which fixed rate bond to invest in as it can be hard to know which brands and products are currently offering the best deals.

Our fixed rate bonds comparison table (see top of page) lets you easily compare the best deals we have found from across the industry. We regularly update these deals to showcase the most attractive offers currently available.

Be sure to carefully weigh up your current and likely future financial commitments before investing into a fixed rate bond. You will usually not be able to access the money until the bond matures, even if you later decide you need it.

Latest news

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