This is so that you can get the best fixed rate savings available, and the best access to your money. If you’ve got a lump sum you’re happy to put away and not touch for a while, a fixed-rate bond can be a great idea. Financial Services Compensation Scheme (FSCS). After all, your balance can't go down. 2 Year Fixed Rate Bond: Interest paid: Annually Balance from: £5,000 Balance to: £1,000,000 Gross interest** 0.76% AER* 0.76%: Online: Postal: Name: 2 Year Fixed Rate Bond… 2 Year Fixed Rate Bond up to 0.20 % gross/AER* Invest from £1,000 (up to a total of £85,000 for FSCS protection) Annual or monthly interest options; Sole or joint accounts; One payment by bank transfer or cheque; Download terms & conditions. Habib Bank Zurich Plc HBZ Fixed Rate e-Deposit 6 Month, My Community Finance 1 Year Fixed Term Deposit, Paragon 1 Year Fixed Rate Savings Account, Habib Bank Zurich Plc HBZ Fixed Rate e-Deposit 12 Month, Habib Bank Zurich Plc HBZ SIRAT eDeposit Islamic Fixed Term Deposit Account 12 months, RCI Bank 1 Year Fixed Term Savings Account, Hampshire Trust Bank 18 Month Bond Issue 6, Paragon 2 Year Fixed Rate Savings Account, My Community Finance 2 Year Fixed Term Deposit, RCI Bank 2 Year Fixed Term Savings Account, Paragon 3 Year Fixed Rate Savings Account, RCI Bank 3 Year Fixed Term Savings Account, RCI Bank 4 Year Fixed Term Savings Account. A 2 year fixed rate bond savings account allows you to fix the interest rate you earn for 24 months, regardless of whether the Bank of England changes the base interest rate. The protection limit is £85,000 per person per banking license. Can you withdraw cash from a credit card? Just like any savings account, you can open a fixed rate bond online, or by visiting a branch of your preferred bank or building society. With EU backed feed-in tariff … money.co.uk is a trading name of Dot Zinc Limited, registered in England (4093922) and authorised and regulated by the Financial Conduct Authority (415689). £250,000. 2-year fixed rates are typically slightly lower rates than longer terms (like 5 or 10 years) and higher rates than short terms, like 1-year rates. Our website is completely free for you to use but we may receive a commission from some of the companies we link to on the site. That's why they're happy to pay a little bit more to savers using fixed-rate bonds. Gross Rate. Read this guide for help choosing the right savings account. The best fixed rate bonds let you choose whether to have the interest paid yearly or monthly. Wait for your bank to send you a cheque or transfer the money into your account. If your bank gives you the option to have the money put straight into your account, this is usually the best option. Premium bonds checker ; Instant access accounts ; Notice accounts ; Regular savings accounts ; Cash ISAs ; Updated 14th May 2020 by Ashley Shepherd. But that doesn't mean that there aren't risks. Halifax Best Interest Rate. Maximum Deposit . Withdrawal conditions apply. The interest rate is fixed at 0.60% gross*/AER** for two years from the date the bond is opened. Fixed rate bonds are a type of savings account, and are often known as savings bonds. Archives for posts with tag: best 2 year fixed rate bonds. How to choose the best fixed rate bonds for one year. Usually, fixed rate bonds offer better interest rates than you'd get with other, more accessible, savings accounts. What is the interest rate? That means that, whether rates fall or rise elsewhere, you'll continue to get the amount you agreed. The penalty could be, for example, 90 days' worth of interest, although it could be as much as a year's worth. If you do share your details with us, we promise to keep them safe. Per year (expires on 30.04.2022) – 1.10% AER- 1.09% monthly; Closing Words About Choosing Your Best Fix Rate Bonds . You usually have to close your bond if you take your money out early, too. An important thing to note about fixed rate bonds is that you can often only deposit your money into them once. By using our website you consent to all cookies in accordance with our Cookie Policy. Check our independent best … Paid Interest. BLME Islamic 3 Year Deposit : 2.35%. NatWest 2 Year Fixed Rate Bond Rate is for a minimum �5,000+ investment and Maximum investment �500,000 for 2 year / 24 month fixed rate bond AER The rate of 1.06% is 0.09% lower than the average 1.15%. If you earn under £17,500, you can also benefit from the starting rate for savings. Plus, there's minimal risk involved with bank bonds. £500. The following charts show a selection of our broad and diverse bond and GIC G I C offerings, and list some of our most competitive rates. You can also find fixed rate bonds with terms of just a few weeks or months. 0.55%. Gocompare.com Ltd. All Rights Reserved. Minimum opening balance from £1 to £250,000; You can choose a monthly or annual payment; Guaranteed return- FSCH; Coventry Interest Rate. You can generally only access your money when the fixed term ends. Can compare fixed rate bonds, a savings account customers most advisers suggest between. The market changes and average interest rates than you 'd get with other, more accessible, savings and... ' worth of salary saved in an emergency the money, and it can be of... Bonds generally offer a rate rise onto your lender, too you exceed your personal savings allowance not able. Building societies want you to invest fall or rise elsewhere, you should get a good on. 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