Important update
    Changes to the Bank of England Base Rate

    The Bank of England decreased Base Rate from 4.25% to 4.00% on Thursday 7 August 2025. Following this announcement, we will be reviewing how this impacts our current savings interest rates and this may mean we need to change your variable interest rate if this is applicable to your product. If we do, we will be in touch to let you know and provide you with your options.

    What is a Fixed Rate Bond?

    Our Fixed Rate Bond is designed to give you certainty about the interest rate you’ll receive for locking away your money for a fixed period of time.

    At the end of the term if no maturity instruction is received, your funds including any interest earned will be paid into a Easy Access Maturity Account, where it will earn a managed variable rate.

     

    A fixed rate for a fixed term

    Our Fixed Rate Bond gives you a fixed rate of interest for a set period of time, so you'll always know exactly how much interest you'll earn at the end of the term.

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    Who can apply for a Fixed Rate Bond?

    To apply for a Fixed Rate Bond you should be:

    • A UK resident

    • Aged 18 or over

    • Applying for a personal savings account, not on behalf of a business

    • Depositing between £10,000 and £2 million per account

     

    Is a Fixed Rate Bond right for you?

     

    You’ll be able to meet the minimum deposit requirement

     

    You want quick access to your money

     

    You want one, simple rate for the full term

     

    You want to 'top up' with extra deposits

      You want to know exactly how much interest you'll earn   You want an interest rate that moves in line with the base rate

     

    For more information, please visit our frequently asked questions.