This comparison simply includes all savings accounts.
Nationwide 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 a Nationwide fixed rate bond right for you?
Getting the best return on your savings can be confusing, but for most people the best solution is to use a combination of products to maximise the amount of interest you can earn. This is because savings accounts usually offer the best rates on relatively small amounts, Investec Bank and Aldermore Bank presently offer 0.90% on their savings accounts, whereas fixed rate bonds will let you earn interest on much larger sums.
When you invest in a fixed rate bond, you will be offered a guaranteed rate of interest for the full term of the bond. The downside is that you can normally not then access your money until the bond matures. Common fixed rate bonds tend to run for 1 year, 2 years, 3 years or 5 years. The longer the bond runs for, the higher the interest rate will normally be.
It’s important to realise that if you are not earning interest on your savings then they are likely to be decreasing in real world value due to the action of inflation on the market. Fixed rate bonds can therefore be a great way to protect and increase the buying power of your savings over time.
Why choose a Nationwide fixed rate bond?
Nationwide Building Society is the largest building society in the world. Their fixed rate bonds have the following benefits:
- Minimum deposit of £1
- You can open multiple bonds up to a combined value of £5million
- Interest can be paid monthly, annually or when your bond matures
- Manage your account online, in branch or using Nationwide’s Banking app
Restrictions
Nationwide fixed rate bonds are offered subject to the following conditions:
- Account holders must be at least 7 years old
- No early withdrawals are permitted, but you may close your account early in exchange for loss of interest
Compare Nationwide fixed rate bonds
At the moment, Nationwide offer 1, 2, 3 and 5 year fixed rate bonds to their customers. If you are hoping to take out a bond with a higher rate of interest you may be happier with alternative providers like Aldermore and RCI.
Getting the best deal on fixed rate bonds
It can be difficult to stay on top of which brands and products are offering the best deals on fixed rate bonds as interest rates and other factors change all the time. This is to take account of shifts in market conditions and consumer demand.
We offer a fixed rate bond comparison table (found at the top of this page) which allows you to simply compare all the latest and best offers we can find from across the market. These offers are updated regularly, so make sure to keep checking back to find the best value on offer.
You should spend some time thinking carefully about the level of return you would like to achieve on your savings and your personal circumstances before investing in a fixed rate bond. This can help to ensure you end up with a savings account you are happy with for the foreseeable future.
