This comparison simply includes all savings accounts.
NatWest 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 NatWest fixed rate bond right for you?
How can you earn the best return on your savings? Generally, it depends on how much money you have in the pot. For smaller amounts, a savings account will normally offer the most attractive interest rates. However, these have a maximum balance that you are permitted to have in the account at one time . Any money in your savings account above this limit will likely earn no interest at all.
Fixed rate bonds give you a set rate of interest for the life of the bond in exchange for not being able to access your money until the bond matures. Bonds which run for longer usually offer higher rates of interest. Commonly available bonds tend to run for 1 year, 2 years, 3 years or 5 years.
Putting your savings into a fixed rate bond can help prevent them losing real world value relative to inflation. Normally the buying power of your savings will increase by the time your bond reaches maturity.
Starting a fixed rate bond should not affect your existing current account and therefore should not impact on your regular banking.
Why choose a NatWest fixed rate bond?
NatWest is one of the UK’s largest retail and commercial banks. The fixed rate bonds they currently offer have the following advantages:
- Minimum deposit of £5,000
- Maximum deposit of £500,000
- Interest is paid monthly and when your bond matures
- Interest can be paid into the bond, allowing your savings to grow faster
- You can manage your account online, in branch or over the phone
Restrictions
When investing in a NatWest fixed term bond you must abide by the following:
- You must be at least 16 years old
- Early withdrawals are not permitted, but you can close your account early which may attract an early closure charge
Compare NatWest fixed rate bonds
NatWest currently offer 1 and 2 year fixed rate bonds to their customers. If you need a bond with a longer life, offering a higher rate of interest, please take a look at other savings providers such as Aldermore.
Getting the best deal on fixed rate bonds
Knowing which brands and products currently offer the best deal for customers on fixed rate bonds can be very time-consuming. This is because the interest rates and other features offered on the most competitive accounts change all the time to reflect market conditions and consumer demand.
The comparison table above features our pick of the most attractive deals we can find on the market and is frequently updated to match the latest trends in the market. This makes it much easier to find the best deals on fixed rate bonds for you, all in one place.
Before investing in a fixed rate bond, make sure you know exactly what return you need to make on your savings and how your financial circumstances are likely to shape up over the life of the bond. This should help ensure you end up with a savings account that works for you long term.
