This comparison simply includes all savings accounts.
Yorkshire 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 Yorkshire Bank fixed rate bond right for you?
Fixed rate bonds are a good choice if you have a large amount of savings on which you want to see a dependable return. However, for smaller sums, a savings account will normally offer a better rate of interest.
However, if your savings go over the limit on which your savings account pays interest or above the account's maximum balance, it can be worthwhile moving the balance into a fixed rate bond. This will offer a guaranteed rate of interest in exchange for not being able to access your money until the bond matures.
Many providers offer fixed rate bonds, with 1 year, 2 year, 3 year and 5 year terms commonly offered. The longer you agree to lock your money away for, the better rate of interest you will usually receive.
Fixed rate bonds can be set up alongside your existing current account. This means they do not need to disrupt your regular banking, making fixed rate bonds a relatively straightforward, hassle-free way to start getting more back from your savings.
Why choose a Yorkshire Bank fixed rate bond?
Yorkshire Bank is UK bank which operates as a trading division of Clydesdale Bank. Customers wishing to open a fixed rate bond account with Yorkshire Bank are offered the following:
- Minimum deposit of £2,000
- Maximum deposit of £5million
- Interest can be paid monthly, annually or when your deposit matures
- Access your account in branch, by post, telephone or online
Restrictions
Yorkshire Bank fixed rate bond customers must accept the following conditions:
- You must be at least 16 years old
- Withdrawals and early closure are not allowed before maturity
Compare Yorkshire Bank fixed rate bonds
Yorkshire Bank offer fixed term deposits over 3-36 months. They also offer cash ISAs for tax efficient saving and a 40-Day notice account that provides many of the benefits of a fixed rate bond, but with the option to make withdrawals from the account with 40-days’ notice.
Getting the best deal on fixed rate bonds
The features of any financial product tend to change over time to reflect economic trends and consumer demand. This can make it difficult for customers to choose which fixed rate bond to invest in, as it can be hard to know which brands and products are currently offering the best deals.
Our fixed rate bonds comparison table (see top of page) lets you easily compare the best deals we have found from across the industry. We regularly update these deals to showcase the most attractive offers currently available.
Be sure to carefully weigh up your current and likely future financial commitments before investing into a fixed rate bond. You will usually not be able to access the money until the bond matures, even if you later decide you need it.
