Which fixed-rate bond providers do we work with?
We compare a wide range of fixed-rate bond providers in the UK, including:
Fixed-rate bonds can sometimes offer higher savings than other products or ISAs, on the basis that your money is locked in for the duration of 1 or 2 years. If you need to withdraw your money at any point, you can usually do so, but will incur a penalty and give you less interest.
Proper Finance offers a list of the best fixed-rate bonds in the UK and you can start from saving as little as £1. However, the bonds with the highest returns generally require you to start with £500 or £1,000.
It is always useful to compare fixed bond interest rates and find the right product based on the amount you want to save and how easily you wish to access your funds.
Fixed-rate bonds provide you with interest for a particular amount of time (e.g 1 year or 2 years), and there are two main categories of fixed-rate bonds to choose from:
This depends on a number of different factors, such as:
Do you want to access your cash? A number of fixed-rate bonds will not allow you to access your money once the account has been opened.
In terms of the duration of a fixed rate bond, you are able to choose from the following terms:
Certain fixed-rate bonds available also have a predetermined date in which they mature. For example, if a fixed rate bond that you choose has a maturity date of 28th February in two years’ time, then it will mature on this date as opposed to the date of which you opened the account in two years’ time.
We aim to be as approachable as possible for our customers, and will always do our very best to assist you with any and all queries you may have concerning any part of our application process and more.
Our online application only takes minutes to complete, with decisions being made very quickly after this. A member of staff will contact you to help you proceed with the final steps.
Each and every one of the providers we work with are fully checked to ensure their reputability, their trustworthiness, and furthermore their competency in helping to provide you with the financial services you require.
The Proper Finance comparison site is free to use and there are no upfront fees for filling in our online application.
Fixed bonds come in a variety of different terms, usually from 1 to 2, with some offering bonds for 5 years.
The end of the term is called the maturity date, and you will be informed by either email or post about the term end date. You will then have the following options:
Yes, you can close it early, but keep in mind that if you may get less than you originally invested after the interest charge.
You will find that most tracker bond providers will allow you to give notice to close the account early or charge you based on the same notice period. For example:
Yes, it is possible as your finances and credit history are not checked when opening a savings account.
Yes, if something goes wrong, your money will be protected under this scheme.
Yes, any fixed rate bonds in a single institution up to the value of £85,000 is protected.
Yes, it is also possible to look at getting a peer to peer savings account, which would also enable you to get a fixed return for a set period. They have the potential to earn you more money, but keep in mind that this money is not protected under the Financial Services Compensation Scheme.
Yes, but keep in mind that this money may not be readily accessible.
We work with trusted brokers to give you access to a panel of leading lenders well placed to meet your needs at the lowest rates.
