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This comparison simply includes all savings accounts.

Aldermore
Fixed Rate Bond Aldermore
Min deposit £1000
Term 9 Months
Interest AER 4.90%

Why we like it: 9 month term, minimum deposit £1,000, no withdrawals permitted. FSCS Protected

Hampshire Trust Bank
Fixed Rate Bond Hampshire Trust Bank
Min deposit £1
Term 1 Year
Interest AER 5.05%

Why we like it: Interest paid annually. Open in a single or a joint name. Maximum deposit £250,000. FSCS Protected. Winner of Platinum Feefo Trusted Service Award in 2024. Must be UK resident and be aged 18 or older. No withdrawals permitted

Investec Savings
Fixed Rate Bond Investec Savings
Min deposit £5000
Term 1 Year
Interest AER 5.04%

Why we like it: Interest paid on maturity. Automatic repayment to your linked account. Maximum deposit £250,000. FSCS Protected. Must have a UK residential address and be aged 18 or older. No withdrawals permitted

Mizrahi Tefahot Bank
Fixed Rate Bond Mizrahi Tefahot Bank
Min deposit £10000
Term 1 Year
Interest AER 5.25%

Why we like it: Sign up to a Flagstone account, and access hundreds of savings accounts from 60+ banks, including this one. Easily split cash between multiple accounts, all with a single application. Maximise your interest with exclusive rates. Personalised illustration tool to see how you can maximise your cash. FSCS Protected. Minimum deposit £10,000. Must be UK resident and aged 18 or older

Hampshire Trust Bank
Fixed Rate Bond Hampshire Trust Bank
Min deposit £1
Term 18 Months
Interest AER 4.97%

Why we like it: Interest paid annually. Open in a single or a joint name. Maximum deposit £250,000. FSCS Protected. Winner of Platinum Feefo Trusted Service Award in 2024. Must be UK resident and be aged 18 or older. No withdrawals permitted

RCI Bank
Fixed Rate Bond RCI Bank
Min deposit £1000
Term 2 Years
Interest AER 5.00%

Why we like it: MARKET LEADING 2 YEAR FIXED RATE BOND. Which? Recommended Savings Provider. Save from £1,000 to £250,000. No withdrawals before the end of the term. Your eligible deposits with RCI Bank UK Limited are protected up to a total of £85,000 by the Financial Services Compensation Scheme (FSCS)

Hampshire Trust Bank
Fixed Rate Bond Hampshire Trust Bank
Min deposit £1
Term 2 Years
Interest AER 4.95%

Why we like it: Interest paid annually. Open in a single or a joint name. Maximum deposit £250,000. FSCS Protected. Winner of Platinum Feefo Trusted Service Award in 2024. Must be UK resident and be aged 18 or older. No withdrawals permitted

Investec Savings
Fixed Rate Bond Investec Savings
Min deposit £5000
Term 2 Years
Interest AER 4.70%

Why we like it: Interest paid annually. Automatic repayment to your linked account. Maximum deposit £250,000. FSCS Protected. Must have a UK residential address and be aged 18 or older. No withdrawals permitted

RCI Bank
Fixed Rate Bond RCI Bank
Min deposit £1000
Term 3 Years
Interest AER 4.76%

Why we like it: MARKET LEADING 3 YEAR FIXED RATE BOND. Which? Recommended Savings Provider. Save from £1,000 to £250,000. No withdrawals before the end of the term. Your eligible deposits with RCI Bank UK Limited are protected up to a total of £85,000 by the Financial Services Compensation Scheme (FSCS)

Hampshire Trust Bank
Fixed Rate Bond Hampshire Trust Bank
Min deposit £1
Term 3 Years
Interest AER 4.70%

Why we like it: Interest paid annually. Open in a single or a joint name. Maximum deposit £250,000. FSCS Protected. Winner of Platinum Feefo Trusted Service Award in 2024. Must be UK resident and be aged 18 or older. No withdrawals permitted

RCI Bank
Fixed Rate Bond RCI Bank
Min deposit £1000
Term 4 Years
Interest AER 4.25%

Why we like it: Which? Recommended Savings Provider. Save from £1,000 to £250,000. No withdrawals before the end of the term. Your eligible deposits with RCI Bank UK Limited are protected up to a total of £85,000 by the Financial Services Compensation Scheme (FSCS)

Aldermore
Fixed Rate Bond Aldermore
Min deposit £1000
Term 4 Years
Interest AER 4.00%

Why we like it: Minimum deposit £1,000 - No withdrawals permitted - FSCS Protected

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Is a Yorkshire Building Society fixed rate bond right for you?

To get the most out of your savings, you need to look at different options for how to invest your money. Current accounts generally offer the highest rates of interest for smaller sums of money. For example, RCI Bank and Post Office are offering 1.30% on their savings accounts. However, savings accounts usually have relatively low thresholds above that they pay nothing or they have a limit to the amount you can deposit. 

In exchange for locking your money away for a set amount of time, fixed rate bonds will pay you a guaranteed interest rate for the life of the bond. They usually allow you to earn interest on much larger deposits than a current account will.

The most common types of fixed rate bonds tend to run for 1 year, 2 years, 3 years or 5 years. As a general rule, the longer the bond is for, the higher the interest rate you will receive. You may have the option to withdraw money from the bond early, but this will usually incur a penalty, such as having to sacrifice some of your interest payments.

Fixed rate bonds help your savings retain their value relative to inflation and will usually result in their real world value increasing over the term of the bond. They can be set up alongside your existing current account, so do not need to interfere with your day-to-day banking.

Compare Yorkshire Building Society fixed rate bonds

Yorkshire Building Society offer several ways to invest your savings with them. One alternative to fixed rate bonds that they provide is fixed rate ISAs. Like a fixed rate bond, these give you a guaranteed interest rate for the term of the bond.

Unlike with a fixed rate bond, however, an ISA allows you to earn interest without paying tax on it, as long as you stay within a yearly allowance set by the government. For 2017/18 this is £20,000. Taking out an ISA can therefore be a good choice if you want to earn interest while limiting your taxable income.

Find out more about ISAs here.

Getting the best deal on fixed rate bonds

The interest rates and other features banks and building societies offer on their savings accounts change over time to reflect market conditions and consumer demand. This can make it hard for customers to keep track of what is the best deal for them at any given moment.

Our fixed rate bond comparison table at the top of page gathers all the most attractive deals currently available into a single place, allowing you to easily contrast the different offers.

Take the time to carefully assess your likely financial needs over the foreseeable future and consider the level of return you would like to see and you should be able to find a savings account that works for you.

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