Fixed Rate Bond

Our Fixed Rate Bonds give you a fixed rate for the whole of your chosen term. It means you’ll always be sure how much interest you’ll earn annually or at maturity.

At a glance

What is the minimum deposit? £10,000.

What is the maximum deposit? £2 million.

Can Close Brothers Savings change the interest rate? No. Your rate is fixed, so it will stay the same for the entire term of your savings account.

How do I open and manage my account? It’s easy to apply online. To manage your account, simply login to your online account and submit a secure message, call or write to us.

Can I withdraw money? No, you can’t take money out of a Fixed Rate Bond.    

Can I put money in after my first deposit? After your funding window had closed, no additional funds can be added. 

Will I pay tax? Tax benefits depend on individual circumstances and could change in the future.

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Sorry we aren’t currently offering any Fixed Rate Bond

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Additional information

*AER:

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

Gross PA:

Gross P.A. means Gross Per Annum, i.e. before tax is deducted (at the legal rate).

At a glance

What is the minimum deposit? £10,000.

What is the maximum deposit? £2 million.

Can Close Brothers Savings change the interest rate? No. Your rate is fixed, so it will stay the same for the entire term of your savings account.

How do I open and manage my account? It’s easy to apply online. To manage your account, simply login to your online account and submit a secure message, call or write to us.

Can I withdraw money? No, you can’t take money out of a Fixed Rate Bond.    

Can I put money in after my first deposit? After your funding window had closed, no additional funds can be added. 

Will I pay tax? Tax benefits depend on individual circumstances and could change in the future.

Why choose Close Brothers?

We're part of leading UK merchant banking group Close Brothers Group plc with over 140 years successful trading experience and have been providing dedicated personal savings accounts to UK residents and businesses since 2008.

Consistently competitive rates

Whatever your future plans, you can depend on our strength and security to take good care of your money. Our savings products are always competitive, with options to suit your needs.

Highly rated

One of the UK's highest rated banks with an Aa3 credit rating from Moody’s Investors Service (Correct as at 13 July 2021) and an A-rating from Fitch Ratings Ltd (Correct as at 16 May 2022).

Simple and straightforward savings

Whatever your future plans, you can depend on our strength and security to take good care of your money.

FSCS logo

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