This comparison simply includes all savings accounts.
AA Fixed Rate Bonds
Why we like it: Interest paid annually. Unlimited deposits and withdrawals. Open and manage online. FSCS Protected. Must be UK resident and be aged 18 or older
Why we like it: Instant access to your savings. Unlimited deposits and withdrawals. Interest paid monthly, either to a linked current account, or adding it to your Online Flexi Saver account. Easy application process, you just need a UK mobile phone and UK driving licence or passport. Manage account online. Maximum balance £250,000. Must be aged 18 or older and have a UK address. Must have a linked UK current account. Your eligible deposits with Investec Bank are protected up to a total of £85,000 by the Financial Services Compensation Scheme (FSCS)
Why we like it: Which? Recommended Savings Provider. No notice period. Deposit from £100. Interest paid monthly or annually. Apply in minutes. Your eligible deposits with RCI Bank UK Limited are protected up to a total of £85,000 by the Financial Services. Compensation Scheme (FSCS)
Why we like it: Unlimited payments and withdrawals. Interest paid annually. Open in a single or a joint name. Maximum deposit £250,000. FSCS Protected. Winner of Platinum Feefo Trusted Service Award in 2024. Must be UK resident and be aged 18 or older
Why we like it: Interest calculated monthly. Unlimited deposits and withdrawals. Open and manage online. FSCS Protected. Must retain a minimum balance of £20,000 in the account. Must be UK resident and be aged 18 or older
Why we like it: All funds deposited into the RCI Bank E-Volve Savings 14 Day Notice Account will be used to fund pure electric vehicles and charging facilities. Interest paid monthly or annually. Manage account online. UK-based support, seven days a week. Which? Recommended Savings Provider. Unlimited withdrawals subject to 14 days notice. Must be UK resident. Must be aged 18 or older. Your eligible deposits with RCI Bank UK Limited are protected up to a total of £85,000 by the Financial Services Compensation Scheme (FSCS)
Why we like it: The interest rate tracks the Bank of England (BoE) Base Rate. Interest is calculated on the minimum daily balance and applied to the account on the first day of every subsequent month. Open and manage account online. Your eligible deposits are protected up to £85,000 by the Financial Services Compensation Scheme. The maximum deposit you may pay into any one OakNorth Account is £500,000. The maximum amount (excluding the interest) that you will be allowed to hold on deposit with OakNorth Bank across multiple accounts is also £500,000. Unlimited withdrawals, subject to 95 days notice. Available to individuals, aged 18 or over, who are UK residents
Why we like it: Unlimited deposits and withdrawals. Interest paid monthly: can be added to your Notice Saver or paid to your linked account. Easy application process, you just need a UK mobile phone and UK driving licence or passport. Manage account online. Maximum balance £250,000. Withdrawals subject to 90 days notice. Must be aged 18 or older and have a UK address. Must have a linked UK current account
Why we like it: 3 penalty-free withdrawals in a 12 month period. 3.82% AER (variable tracker) + 0.68% AER 12 month boost. 3.75% gross variable tracker. Interest paid monthly. Deposit and withdraw almost instantly. No fees or charges for holding account. FSCS eligible on your deposits. After 3 withdrawals within a 12 month period the rate will revert to either 3.40% AER (variable tracker with boost applied) or 2.72% AER (variable tracker) for the remainder of the 12 month period since opening the account. Must be UK resident. Must be aged 18 or older
Why we like it: 9 month term, minimum deposit £1,000, no withdrawals permitted. FSCS Protected
Why we like it: Interest paid on maturity. Automatic repayment to your linked account. Maximum deposit £250,000. FSCS Protected. Must have a UK residential address and be aged 18 or older. No withdrawals permitted
Why we like it: 1 year term, minimum deposit £1,000, no withdrawals permitted. FSCS Protected
Is an AA fixed rate bond right for you?
Fixed rate bonds let you earn a guaranteed level of interest on your savings in exchange for locking your money away for the term of the bond. For smaller sums, it is usually better to keep your money in a savings account as these generally offer better rates of interest, but only up to a certain deposit limit.
Fixed rate bonds will generally have a much higher maximum threshold on which they pay interest and can be set up in parallel with your current account, so should not affect your day-to-day banking.
Commonly, fixed term bonds will run for 1 year, 2 years, 3 years or 5 years and the longer the bond runs for, the higher the interest rate it will usually pay. You may have the option to withdraw funds early if necessary, but will usually have to sacrifice some of your interest payments in exchange.
If you have savings which are not currently earning interest, it is worth bearing in mind that they are likely to be decreasing in real world value due to the effects of inflation. Placing your savings in a fixed rate bond can help protect (and usually increases) the value of your money.
Compare AA fixed rate bonds
The AA offer a number of different savings accounts that are deposited with the Bank of Ireland UK. As an alternative to fixed rate bonds, they are currently offering their customers fixed rate ISA, which also offer a guaranteed interest rate in exchange for not being able to access your money for a fixed term.
ISAs differ from fixed rate bonds in that the interest you earn from them is tax-free, up to a yearly limit set by the government. For the current tax year that limit is £20,000. This can make an ISA an attractive option to use for at least part of your savings. Find out more about ISAs here.
Getting the best deal on fixed rate bonds
Exactly which products different institutions provide changes all the time, as well as the interest rates and other features offered with those products. This is a reflection of the ever-changing market and consumer demand.
Our comparison table at the top of the page is regularly updated with all the latest and best deals on fixed rate bonds. This makes it easy to keep track of where you can get the best value for your money right now.
Before investing in a fixed rate bond, make sure you carefully assess your own financial circumstances and the level of return you would like to receive. This should make it much more likely that you will find a product that you are happy with long term.
