This comparison simply includes all savings accounts.
Skipton 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 Skipton Building Society fixed rate bond right for you?
Savings accounts usually offer the most attractive rates of interest for your savings. Despite the competitive rates, savings accounts usually only pay interest up to a certain deposit limit.
With a fixed rate bond, you agree to lock your money away for the term of the bond in exchange for a predetermined rate of interest applicable for the life of the bond. This can help protect your savings from losing their real world value due to the effect of inflation.
Bonds commonly last for 1 year, 2 years, 3 years or 5 years and the longer the deposit term, the better interest rate you will usually receive. Fixed term bonds are relatively quick and easy to set up. They allow you to start getting a better return on your savings without needing to disrupt the normal workings of your existing current account.
Why choose a Skipton Building Society fixed rate bond?
Founded in 1853, Skipton Building Society is one of the UK’s largest building societies. Their fixed rate bond customers can take advantage of the following:
- Minimum deposit of £500
- Maximum deposit of £1million
- Interest can be taken monthly, annually or on maturity
- You can make additional deposits into the account until such time as the product is withdrawn from sale
- Manage your account online, in branch and by post depending on the type of bond
Restrictions
Customers applying for a Skipton fixed rate bond should be aware of the following conditions:
- You must be at least 16 years old
- No withdrawals can be made before your bond matures
Compare Skipton Building Society fixed rate bonds
Skipton Building Society offers both standard fixed rate bonds and their own range of fixed rate e-bonds. Both types of bonds are offered over 1-5 years. Skipton also provide a number of cash ISAs for those looking for alternative ways to save.
Getting the best deal on fixed rate bonds
Interest rates and other features offered on fixed rate bonds will vary over time to match changes in the market and customer demand. This can present a challenge for investors as it makes it harder to know which providers and products are offering the best deals at any given moment.
Our fixed rate bond comparison table at the top of the page offers a simple way to compare and contrast the most attractive deals we have found from across the market. We keep these offers updated regularly, making this the ideal place to find the latest and best investment opportunities.
Before placing your savings into a fixed rate bond, you need to be confident you can do without them for the term of the bond. You also need to be clear exactly what return you want to see before making a choice to avoid disappointment.
