Fixed Rate Bonds

Interest is calculated each day. You can choose to have your interest paid monthly or once a year on the anniversary of opening the account.

View previous rates

No, we can’t change the interest rate during the term of your Fixed Bond.

This is an example only and doesn't take into account your individual circumstances.

• Accounts can be held in sole or joint names
• Interest is paid gross (without taking off tax)
• If you earn more interest than the Personal Savings Allowance, you may have to pay extra tax yourself
• The Personal Savings Allowance is £1,000 for basic rate taxpayers and £500 for higher rate taxpayers. Additional rate taxpayers don't receive a Personal Savings Allowance
• At least 30 days before the end of the term, we'll write to you asking what you'd like us to do with the balance in your account
• If you don't let us know before the end of the term (or we can't reasonably fulfil your instructions), we'll transfer the balance to a Matured Funds account or similar account if it is no longer available
• We'll send you full details when we write to you.

Rates and information correct as at 29/04/2025.

AER stands for Annual Equivalent Rate and illustrates what the interest rate would be if interest was paid and compounded once each year.

Gross rate is the contractual rate of interest payable before the deduction of income tax.

A fixed rate bond is a type of savings account that gives you a set rate of interest for a chosen length of time, for example, you could choose to save into a 2-year fixed bond.

You won’t be able to withdraw your money during your fixed term, and in exchange for this certainty you’ll typically get a higher rate of interest than you might with an instant access savings account. 

Find out more information on your savings account maturity options here

There’s no limit to how many fixed rate bonds you can have.

You won’t be able to make additional deposits into your fixed bond after the funding window has closed. You can open another fixed rate bond account if you want to add to your savings. 

No. Once you’ve opened a fixed rate bond, you have 10 working days to deposit your money.

After those 10 working days, you can’t add more money to that account. If you want to save more, then you could open another bond.

No, fixed bonds do not allow withdrawals or early closures. 

The money you saved is only available once the fixed term has ended – you may see this referred to as when the “bond matures”.

When this happens, your money will move into a Matured Funds Account and you’ll be able to decide what to do with the money.

Whether you choose to save into a fixed rate bond is completely up to you. Some of the benefits include:

• A fixed rate of interest
• You can choose the set term
• You’ll know exactly how much interest you’ll receive at the end of your term
• No withdrawals makes it a good option for your long-term savings goals

Yes, all TSB savings accounts are protected by the FSCS.