This comparison simply includes all savings accounts.
Shawbrook Bank 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 Shawbrook Bank fixed rate bond right for you?
Getting the most out of your savings often involves splitting them between different types of financial products. This is because the best interest rates are usually offered by current accounts. Generally, the interest paid with a savings account is only for fairly small sums of money or the savings accounts have a limit to the maximum amount you can deposit.
A fixed rate bond pays a pre-agreed rate of interest until the bond matures. The longer the bond takes to mature, the higher the interest rate will normally be. The downside is that you cannot usually access your money for the life of the bond.
The most popular types of bonds have terms of 1 year, 2 years, 3 years and 5 years. The exact terms you will be offered vary from provider to provider and you may be able to take money out early in exchange for sacrificing some of your interest payments.
Starting a fixed rate bond should not interfere with your day-to-day banking as they can be set up entirely separately. This makes them a relatively hassle-free way to start getting more from your savings.
Why choose a Shawbrook Bank fixed rate bond?
Shawbrook Bank is a retail and commercial bank based in the UK. Their fixed rate bonds offer the following to their customers:
- Minimum deposit of £1,000 - £5,000 depending on the length of the fixed term
- Maximum deposit of £2million
Restrictions
When opening a Shawbrook fixed rate bond account the following conditions apply:
- You must be a permanent UK resident
- You must be at least 18 years old
- No withdrawals can be taken until your bond reaches maturity
Compare Shawbrook Bank fixed rate bonds
Shawbrook Bank offer fixed rate bonds over 1-5 years as well as a number of cash ISAs. They offer both personal and business fixed rate bonds. Popular alternative providers include Aldermore. Take a look at the comparison table at the top of this page for the most competitive deals on fixed rate bonds that we have found from across the market.
Getting the best deal on fixed rate bonds
Finding the best deal on fixed rate bonds can be hard, especially given that the interest rates and other features on offer tend to change over time to reflect market conditions and customer demand.
Our fixed rate bonds comparison table, located at the top of this page, allows you to easily size up the different offers currently available to find the best choice for you. We change these offers regularly to show the most attractive deals we can find from across the market.
To get a fixed rate bond that works for you, it is important to carefully weigh up your financial circumstances and the return you would like to see. Make sure not to invest more than you can afford to do without for the full term of the bond to avoid getting into financial difficulties.
