The Access Bank UK Limited Base Rate is in line with the Bank of England Base Rate. There is a risk that the company backing the plan or any company associated with the plan may be unable to repay your initial investment and any returns stated. Financial Services Limited. 3 Year Fixed Term Deposit 0.88%. Savings Accounts Types. This is a Fixed Rate Bond that has been applied for on someone else’s behalf, and is usually for people who don’t have their own current accounts yet. In recent weeks, providers have been vying for savers’ deposits, with a number launching new products and upping their rates. Please check availability and terms direct with the relevant product provider. Banks and building societies want you to invest your cash in their savings accounts, which is why they pay you interest. If you've already taken advantage of your annual ISA allowance, or simply prefer to opt for a Fixed Rate Bond, this range similarly offers a definite return on your savings. Financial Services Limited of 2 Marylebone Road, London NW1 4DF, registered in England and Wales, company number 7239342. Investec FTSE 100 3 Year Defensive Deposit Plan, Investec FTSE 100 6 Year Defensive Deposit Plan. if you’re applying for a Fixed Rate Saver in joint names you can apply via telephone banking or pop into your local branch; the Fixed Rate Saver funds will be transferred from a nominated account with HSBC UK Bank, please ensure that funds are available . There are also fixed rate bonds with access to your money with a penalty. You may only receive a return of your original capital, If you withdraw your money during the plan you may get back less than you originally invested, 18.3% fixed return if the Index is higher than its Initial Level, Medium/long term alternative to fixed rates, 3.75% fixed return if the Index is higher than 90% of its Initial Level, Fixed return – Either 11.7% if the Index is above the Initial Level, or 4.2% if it is the same or lower than the Initial Level. Financial Services Limited of 2 Marylebone Road, London NW1 4DF, registered in England and Wales, company number 7239342. Fixed rate accounts Compare our fixed rate personal savings accounts. Navigate Savings Accounts. Which? Important Information: This is a structured deposit plan and is capital protected. A Shepherds Friendly our fixed rate bond lets you save for the future safe in the knowledge that you’re getting a guaranteed return on your savings. With savings accounts of this type, how you earn interest from a fixed rate bond depends on which 2 year fixed rate bond you open and which bank is offering the account. The FSCS will also cover the interest you’ve earned up until that point – provided the total amount in the account is still under £85,000. See above for Access Bank savings accounts, or to compare rates from other leading providers. The above rates are subject to variation. The rate of interest you get doesn’t change for the period of the bond. Authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority. The return or interest rate shown assumes that no withdrawals have been made during the calendar month. Paragon Bank is topping up rates further across six of its products from Friday 18 th September.. Paragon’s range of fixed term products can be opened online, over the phone or by post and are available to both new and existing customers. Stable future. In this event you may be entitled to compensation from the  Financial Services Compensation Scheme (FSCS), depending on your individual circumstances. We use cookies to allow us and selected partners to improve your experience and our advertising. Fixed savings. Fixed rate bonds in the UK have varying minimum and maximum deposits. Savers piled £45bn into easy-access accounts in just four months over lockdown Open your account today APPLY NOW. For more information on Raisin UK, visit raisin.co.uk or call their customer services team on 03301 220 200. Income we generate from our commercial activities helps the Which? (variable), 5.1% fixed return if the Index is higher than its Initial Level, Short/medium term alternative to fixed rates, Available for cash ISA, ISA transfer and direct investment, Covered by the FSCS (Financial Services Compensation Scheme), Deadline for ISA transfer applications – 29 January 2021, Deadline for Direct & ISA applications – 12 February 2021, Returns not guaranteed. Fact checked. We cannot guarantee that products listed will be available or available on the terms specified. Runpath receives a commission from some of the brokers and providers listed on the Which? Financial Services Limited is a wholly-owned subsidiary of Which? Onshore & offshore. A fixed rate bond savings account (also known as fixed rate savings, fixed term bonds or fixed term deposits) could be ideal for you if you want to lock your money away for a set time at a rate that won’t change from the day you open your account until the end of your fixed term. Fixed rate savings accounts from Zenith Bank (UK) Ltd. 1 Year Fixed Term Deposit 0.55%. You can't access your money until the fixed term ends. Valentina Cipriani Updated Dec 22, 2020. Minimum deposits from £5,000 to a maximum of £500,000, however you may open as many bonds as you require. Persons accessing these pages are required to inform themselves about and observe any relevant restrictions. The Which? The account can only be opened and managed online, and the minimum deposit is £1,000. Charges and Fees (88 KB) Payments to your account; Payments from your account; Verifying your identity; Glossary of Terms; Help & support Our new savings app. FSCS protection: a fixed rate bond is a savings account, which means the Financial Services Compensation Scheme (FSCS) will cover up to £85,000 of your deposit if the bank or building society goes out of business. Savers can choose from fixed rate deals of 1, 2 and 3 years, offering a lot of flexibility to suit your savings goals. We don’t carry advertising and we don’t allow providers to pay to optimise their search results. Group and is authorised and regulated by the Financial Conduct Authority (FRN527029). Which? These also give a fixed interest rate for a set amount of time (such as a year). The … Find out more . Aldermore and UBL UK have the next best easy access rate. Earn 0.20% gross/AER fixed interest for two years from account opening. Which? Is it a safe place for my money? This depends on which of the fixed rate bonds you choose, but usually you won't. Money Compare content is hosted by Which? Money Compare Site. At Al Rayan Bank, for example, you could earn up to 2.17%. This account is available exclusively through the Raisin UK Savings Marketplace and you may be eligible to receive a cash bonus. You can apply either through our online service or via our postal application service. 0.59% Limited is registered in England and Wales to 2 Marylebone Road, London NW1 4DF, company number 00677665, and is an Introducer Appointed Representative of Which? Group of which we are part. This allows the account provider to reinvest your money, safe in the knowledge that you won’t be needing it during that period. Open your account today APPLY NOW. A proportion of this commission is then repaid to Which? Zero Coupon bonds Fixed Coupon bonds Floating rate bonds / notes Government bonds (US bonds, UK gilt and European bonds) Corporate (high grade) Emerging market (Eurobonds and Yankees by sovereigns and corporate) Currencies. The Access Bank UK Limited is registered in England & Wales, Company Number 6365062. Financial Services Limited. Fixed Rate Bonds; Easy Access; Regular Saver; Childrens; View all rates See how our Savings Pledges could support you . • Joint Account – your fixed rate savings bond provided by The Access Bank UK Limited, which you hold jointly with another accountholder. Compare fixed rate bonds Lock away your savings for a while and get a higher interest rate with fixed rate bonds. All pages and content are the sole responsibility of Which? Financial Services Limited. That's why they're happy to pay a little bit more to savers using fixed-rate bonds. Runpath has no influence on these ratings. Or if you can access it, there will be a hefty fee for doing so. You will need to check that your fixed rate bond … A Fixed Rate Bond can also be opened as a ‘Re: Account’. At Raisin UK, the interest you earn from a fixed rate bond will usually be paid to you upon maturity at the end of your fixed term, regardless of how frequently you earn it. However, both these rates trail behind the best in the market. Minimum deposits can range from £1 to £50,000, while maximum deposits can be as high as £2,000,000. • Maturity Date – the day on which your account ends and on which we will repay your deposit and the interest you have earned. Money editorial team and reflects the quality of service Which? Money Compare is a trading name of Which? Which? Limited on behalf of Which? Registered Office: 4 Royal Court, Gadbrook Way, Gadbrook Park, Northwich, Cheshire, CW9 7UT. Yes, some providers offer children’s Fixed Rate Bonds, and some adult Fixed Rate Bonds do not have a minimum age requirement. Want something fixed yet flexible? Runpath Digital and lovemoney.com financial services limited are not members of the Which? FCA & PRA Registration Number 478415. If you do wish to complain about Money Compare, please see the full details of how to register a complaint here. Grab a fixed rate deal before they disappear: Banks now offering over 1% but it may not last if NS&I cuts its rates. 2 Year Fixed Term Deposit 0.70%. Access Bank savings accounts offer competitive interest rates on a range of fixed rate bonds. But with a normal, easy-access account the bank or building society doesn't have any security - you can withdraw your money whenever you like. The interest rate is fixed so it won't change during the term. Access Bank UK is offering a two-year bond at 2.38%. Keep in m… Which? Just remember you normally can't take your money out during the term, so only lock away what you definitely won't need. You can understand more and change your cookies preferences here. If you're worried about rates falling further, fixed-rate accounts (aka 'fixed-rate bonds'), offer some protection. See above for Access Bank savings accounts, or to compare rates from other leading providers. With a fix, you get guaranteed returns for a set time – so if you want rate certainty, fixing is an easy way to get it. The Double Access Account Issue 1 from Aldermore has a rate of 0.60% gross and interest can be paid either on anniversary of the account opening or monthly. In addition, you may not get back the full amount of your initial investment if the plan is not held for the full term. You can personalise the chart by specifying the size and type of deposit you would like to make … Financial Conduct Authority and the Prudential Regulation Authority and you may be eligible to receive a cash.! Wholly-Owned subsidiary of Which period subject to a loss of interest you get doesn ’ t allow to... Use of cookies competitive interest rates on a range of fixed rate period subject to a charge to! Is then repaid to Which no withdrawals have been made during the term ’ deposits with... Fixed term ends of this commission is then repaid to Which may be eligible to receive a cash.! 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