This comparison simply includes all savings accounts.
Santander 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 Santander fixed rate bond right for you?
A number of today's savings accounts may provide competitive interest. However, often there is a generally low threshold above which no interest will be paid or a limit to the amount you can have in the account at one time.
Fixed rate bonds offer a secure return on your investment for the term of your deposit with longer term bonds generally giving a better rate of interest. The maximum you can earn interest on is usually much higher than for a savings account, making fixed rate bonds a good choice for more substantial savings.
1 year, 2 year, 3 year and 5 year fixed rate bonds are all commonly available. You will usually not be able to access your money until the bond has matured, but some providers do allow early withdrawal and/or closure in exchange for a financial penalty.
If you are not currently earning a return on the whole of your savings, a fixed rate bond is a relatively straightforward way to start getting more from your money. You can set up bonds alongside your existing current account so they do not need to disrupt your regular banking processes.
Why choose a Santander fixed rate bond?
The Santander Group is a Spanish banking group with over 100 million customers worldwide. When taking out one of their fixed rate bonds you will benefit from:
- Minimum deposit of £500
- Maximum deposit of £2million
- Interest paid monthly, annually or when your bond matures
- Managing your account online, in branch or by phone
Restrictions
To qualify for a Santander fixed rate bond you must accept the following conditions:
- You must be a UK resident
- You must be at least 16 years old
- No additional deposits, withdrawal or early closure is allowed
Compare Santander fixed rate bonds
Santander currently offer 1, 2 and 3 year fixed rate bonds alongside a number of cash ISAs. To make a longer term investment for a better rate of interest, you may want to consider alternative institutions including Aldermore.
Getting the best deal on fixed rate bonds
With any financial products, features such as interest rates will change over time to reflect fluctuations in the market and changing customer demand. This can make it hard to find the right deal for you.
Our comparison table, above, makes it really easy to contrast the different features of the top fixed rate bonds currently on offer. We keep these offers regularly updated, so you can always be confident you will find the best deals right here.
Careful consideration of your current and likely future financial circumstances is advised before making any investment decision. Make sure you are confident that you will not need your savings before placing them into a fixed term bond and be clear exactly what return you would like to see before making a choice.
