Fixed Rate Bond
Lock in your rate for stable returns. With our Fixed Rate Bonds, you'll always know how much you will earn.
Key features
Fixed rate
The interest rate is fixed and will not change during the term.
Interest payments
Interest begins to add up once your cleared payment is received. Interest is not compounded and is paid once a year and/or at the end of the term into your chosen bank account.
Adding funds
You need to deposit at least £10,000 to open the account, and you can deposit up to £2 million. You can send the money in single or multiple transfers within 10 days of your application being accepted.
Withdrawals
You can't take money out or add more money during the term of the account.
Account holders
Once your application is accepted, you cannot change the ownership of the account, by adding or removing anyone.
Maturity
We'll contact you about 14 days before your Fixed Rate Bond ends to explain your options. If we don't hear from you, your balance will go into an Easy Access Maturity Account.
This account could be right for you if...
- You prefer a fixed rate so you'll know exactly how much interest you'll earn
- You have a lump sum to deposit
- You can put your money away for a while without dipping into it
- You want to open a joint account
You should consider another account if…
- You want to benefit from tax-free savings
- You want to pay money in after the first 10 days
- You might need to withdraw your money before the term has finished
- You want a variable interest rate that may go up or down
Additional information
AER stands for Annual Equivalent Rate and illustrates the interest rate you would earn from a savings account over the course of a year, and it takes any compounding of interest into account.
Gross PA means Gross Per Annum, which shows the interest rate payable without tax deducted.
At a glance
Fixed rate
The interest rate is fixed and will not change during the term.
Interest payments
Interest begins to add up once your cleared payment is received. Interest is not compounded and is paid once a year and/or at the end of the term into your chosen bank account.
Adding funds
You need to deposit at least £10,000 to open the account, and you can deposit up to £2 million. You can send the money in single or multiple transfers within 10 days of your application being accepted.
Withdrawals
You can't take money out or add more money during the term of the account.
Account holders
Once your application is accepted, you cannot change the ownership of the account, by adding or removing anyone.
Maturity
We'll contact you about 14 days before your Fixed Rate Bond ends to explain your options. If we don't hear from you, your balance will go into an Easy Access Maturity Account.
More information

Our savings guides
Here you will find useful information to learn more about our products and help you to choose from our range of savings accounts.

Historic interest rates
Here you will find the all interest rates we have previously offered, this may help you to find the rate for a product you currently hold with us.

Financial Services Compensation Scheme (FSCS)
Your eligible deposits held by a UK establishment of Close Brothers Limited are protected up to a total of £85,000 by the Financial Services Compensation Scheme, the UK's deposit guarantee scheme. Any deposits you hold above the limit are unlikely to be covered.
For further information, visit www.fscs.org.uk