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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 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, but usually have relatively low thresholds above which they pay nothing.

For example, right now TSB pay 5% AER on their TSB current account for balances up to £2,000, while Santander give 1.5% AER up to a limit of £20,000. If your savings exceed these limits, it is worth considering transferring the balance into a fixed rate bond.

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 2016/17 this is £15,240. 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.

Latest news

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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.

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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.