This comparison simply includes all savings accounts.
TSB 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 TSB fixed rate bond right for you?
The best rates of interest for your savings will generally be found with a savings account. However, usually savings accounts will have a low ceiling above which interest will not be paid or they will have a limit for the amount you can deposit .
If this happens, you are likely to be better off if you transfer the balance not earning interest into a fixed term bond. This type of account provides a guaranteed rate of return on your savings in exchange for locking them away for a set period. You can usually place much larger interest earning amounts into a fixed rate bond than you can with a current account.
Popular types of fixed rate bond run for 1 year, 2 years, 3 years or 5 years and the longer the deposit term, the higher the interest rate you will generally be offered. Normally you cannot take any money out of your bond, or add any more in, until it reaches maturity. However, some providers offer exceptions to this rule if you pay a penalty fee.
Fixed rate bonds can be a great way to quickly and simply start earning a better return on your savings. They can be set up in parallel to your existing current account so should not interfere with your day-to-day banking.
Why choose a TSB fixed rate bond?
TSB Bank is a UK retail and commercial bank. It is a subsidiary of Sabadell Group. Customers investing their savings into a TSB fixed rate bond can take advantage of the following:
- Minimum deposit of £2,000
- You can hold multiple bonds up to a maximum of £5million
- Interest can be paid monthly or annually
- Check your balance online, by phone or in branch
Restrictions
When considering placing your savings into a fixed rate bond from TSB, please be aware:
- You must be a UK resident
- You must be at least 16 years old
- No withdrawal can be made before maturity and early closure is not allowed
- Only bonds opened online can be managed through internet banking
Compare TSB fixed rate bonds
TSB’s fixed rate bonds are offered over 1-3 years and can be opened online, over the phone or in branch. You may also wish to consider cash ISAs as another way to save, which can be more tax efficient. Popular alternative providers of fixed interest savings accounts include Aldermore. Take a look at our fixed rate bonds comparison table at the top of the page for details of the latest deals from across the market.
Getting the best deal on fixed rate bonds
Interest rates and other features of the fixed rate bonds market change periodically to reflect wider economic conditions and customer demand. We aim to make it easier for consumers to stay up-to-date on all the best offers currently available on the market so you can finding the right deal for you.
The fixed rate bond comparison table, above, provides a simple way to contrast the best offers we have sourced from across the market. We frequently add new products as they become available so make sure to check back regularly for the best fixed rate bond deals from across the industry.
Before investing your savings in a fixed rate bond, be sure you have adequately accounted for all your existing and likely future financial commitments. This should ensure you end up with a deal that gives a good rate of return without leaving you short of money while you wait for your bond to mature.
