What is a fixed-rate savings bond?
A fixed-rate savings bond (also known as a 'fixed rate bond)' is a type of savings account which provides a guaranteed rate of interest in exchange for locking your money away for a specified period of time, usually between 1 year and 5 years. By locking your money away for the agreed period of time you can usually earn a higher rate of interest than via standard savings accounts. However, bear in mind that in most instances, you won't be able to withdraw your money from the fixed-rate bond before the agreed time period. In the unusual instance that a provider does allow you to withdraw your money early, then you will likely incur a penalty and/or lose interest.
Best Fixed Rate Bonds
theprivateoffice.co.uk monitors the whole UK savings market (that's over 4,000 accounts) to bring together the best buys available.
Best 1-year fixed-rate savings accounts
| Provider | AER | Minimum opening balance | How to manage the account | How to apply |
Financial Services Compensation Scheme
|
| MBNA | 4.85% | £1,000 | Telephone | Online | Shared Licence |
| Recognise Bank | 4.85% | £1,000 | Online | Online | Own Licence |
| thisbank | 4.82% | £100 | Online | Online | Own Licence |
Source: theprivateoffice.com: Updated 03/06/2026
Best 2-year fixed-rate savings accounts
| Provider | AER | Minimum opening balance | How to manage the account | How to apply |
Financial Services Compensation Scheme
|
| Recognise Bank | 4.85% | £1,000 | Online | Online | Own Licence |
| Hodge Bank | 4.83% | £1,000 | Online | Online | Own Licence |
| RCI Bank | 4.82% | £1,000 | Mobile app | Mobile app | Own Licence |
Source: theprivateoffice.com: Updated: 03/06/2026
Best 3-year fixed-rate savings accounts
| Provider | AER | Minimum opening balance | How to manage the account | How to apply |
Financial Services Compensation Scheme
|
| Oxbury | 4.83% | £1,000 | Online, Mobile Banking | Online | Own Licence |
| thisbank | 4.82% | £100 | Online | Online | Own Licence |
| Hodge Bank | 4.81% | £1,000 | Online | Online | Own Licence |
Source: theprivateoffice.com: Updated 03/06/2026
Best 4-year fixed-rate savings accounts
| Provider | AER | Minimum opening balance | How to manage the account | How to apply |
Financial Services Compensation Scheme
|
| ThisBank | 4.82% | £100 | Online, Mobile Banking | Online, Mobile | Own Licence |
| Oxbury Bank | 4.58% | £1,000 | Online, Mobile Banking | Online | Own Licence |
| Aldermore | 4.55% | £1,000 | Online | Online | Own Licence |
Source: theprivateoffice.com: Updated 03/06/2026
Best 5-year fixed-rate savings accounts
| Provider | AER | Minimum opening balance | How to manage the account | How to apply |
Financial Services Compensation Scheme
|
| Oxbury Bank | 4.88% | £1,000 | Online, Mobile Banking | Online | Own Licence |
| GB Bank | 4.87% | £1,000 | Online, Mobile Banking | Online | Own Licence |
| Hodge Bank | 4.86% | £1,000 | Online | Online | Own Licence |
Source: theprivateoffice.com: Updated 03/06/2026
Other best buy savings tables
The following savings best buy tables are also available:
- Best High Interest Current Accounts
- Best Easy Access Savings Accounts
- Best Variable Rate ISAs
- Best Fixed Rate ISAs
- Best Notice Savings Accounts
- Best Regular Savings Accounts
- Best Children’s Savings Accounts
- Best Cash Lifetime ISAs
- Best Cash Junior ISAs
- Best Easy Access Cash ISAs
- Best Notice Cash ISAs
Ways to always ensure you get the best savings rate
- Bookmark this page and regularly check our best buy tables, such as the one below.
- Work out your priorities - do you need access to your money or can you lock it away for potentially greater returns?
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