One year
The top-paying fixed rate bond this week came from Shawbrook Bank, which pays 1.35% gross on anniversary on its 7 Year Fixed Rate Bond Issue 6. A £1,000 minimum deposit is needed to open this account. It must be opened online, but can then be managed online and by phone. There is also a version of this account that pays interest monthly at a lower gross rate of 1.34%.
In the five year fixed rate bond chart, both Shawbrook Bank and UBL UK had accounts that paid the highest AER. Shawbrook Bank’s 5 Year Fixed Rate Bond Issue 33 pays 1.25% gross on a £1,000 minimum opening deposit. This account can only be opened online, but can then be managed online and by phone. There is a version that pays interest monthly at a slightly lower gross rate of 1.24%. UBL UK pays a higher gross rate of 1.28% on maturity on its 5 Year Fixed Term Deposit. There are also versions of this account that pays 1.25% gross on anniversary and 1.24% gross monthly. All accounts require a £2,000 mi
12 months
Note: accounts not covered by the Financial Services Compensations Scheme have not been included.
The best fixed rate bonds for all but one-year terms have changed this week. The best five-year fixed rate bond is now from Shawbrook Bank with its 5 Year Fixed Rate Bond Issue 33. The account pays 1.25% gross with interest paid on the anniversary of the account opening and 1.24% gross with monthly interest. The minimum deposit to open this account is £1,000 and it can only be opened online and managed online and by phone.
There are multiple savings providers offering the best rate for a three-year fixed rate bond this week. BLME has been consistently in the best buy tables during the whole of 2020 and this week its Premier Deposit Account offers an expected profit rate of 1.00% gross. The minimum deposit is £1,000 and interest is paid on anniversary. The account may be opened online and operated by post. The other providers offering the same rate include: