Get savings certainty with a fixed rate account, helping you better plan your financial future.
Long term goals
Ideal for meeting any savings goal that’s a year or more in the future
A range of terms
Pick a savings term that works for you, from 1 year to 3 years
Rates wont change
Know how much interest you’ll get with fixed rates for the whole term
Fixed rate accounts
Fixed Rate Bonds
Lock away savings for 1 to 3 years
- Earn up to 4.00% interest
Gross / AER - 1,2, and 3 year terms
- No withdrawals allowed
Early closure is not possible
Fixed Rate Cash ISA
Set a savings goal from 18 months to 3 years
- Earn up to 3.88% Tax Free/ 3.95% AER
Fixed - 18 month, 2 year, and 3 year terms
- Withdrawal charges apply
Any questions?
A fixed rate account, or a fixed rate bond, lets you lock away your savings for a certain amount of time with an interest rate that won’t change. You’ll normally be able to choose from several time frames to lock your money away for, this typically starts at 1 year.
The amount of interest you’ll get depends on the fixed rate savings account you choose and the length of time you opt for.
There are two key differences between an ISA and a Bond:
1. Access – you can make a withdrawal from an ISA if you need to. With bonds, your money is locked away for a set amount of time and withdrawals are not possible.
2. Tax – with an ISA, you have a certain amount that you can save each tax year that’ll be tax-free, including any interest earned on it. As long as you keep that money in the ISA, it’ll stay tax-free. Bonds don’t have this same allowance, which means you may have to pay interest on interest if you exceed your Personal Savings Allowance.
You can open a fixed rate account with just £1 and save a maximum of £1,000,000.
If you have a Fixed Rate Cash ISA or Fixed Rate Bond account that’s coming to an end, then there are a few options that you can choose from. View your options
Need any help?
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Important Information
The Annual Equivalent Rate (AER) shows what the interest would be if the interest was paid and added to the account once each year. It lets you compare savings accounts easily. Gross rate means that credit interest is paid without income tax being deducted. Tax-free is the contractual rate of interest payable where interest is exempt from income tax.
You need to be 18+ and a UK resident to open a TSB product. Some of our youth and savings accounts have a lower age limit.
