’s pick for the best fixed-rate savings bond [Limited-Time Offers]

These deals may change, so you have to act fast when you find the account that suits you best. Why fixed-rate saving bond? By binding up funds in fixed savings bonds, clients can assure the rate for the term and protect themselves against future cuts.

Best fixed-rate bonds


Paragon Bank gives 1.85 percent to customers who have a minimum of £1,000 to maintain.

Clients can open an account online, and no access is allowed.

Those willing to invest in an alternative type of bank account could earn more with the Islamic provider, Al Rayan Bank or the Bank of London and the Middle East. They both pay 2 percent over 12 months, but the rate is not guaranteed.

Adhering to Sharia principals, the banks give an “estimated profit rate” which could vary during the term.

Nevertheless, according to Al Rayan, it has always reached the target rate since it was established in 2004.

If it cannot fulfill, it offers clients the option of withdrawing their funds, plus the earnings earned up to that point, without penalty.

Al Rayan accounts can be opened with only a minimum of £1,000, but Bank of London and the Middle East clients need at least £25,000.


Paragon Bank also tops two-year bond which promises 2.05 percent.

Bank of London and the Middle East pay 2.1 percent, and Al Rayan offers 2.09 percent, but again, these rates are not guaranteed.


National Savings & Investments tops the three-year bond returns at a rate of 2.2 percent.

Unlike other NS&I accounts, this type of account may only be opened and managed online.

Anybody over the age of 16 can buy the bond, and the maximum that can be saved is £3,000.

Those who have larger savings could take Paragon Bank offer for a three-year account which pays 2.1 percent.

Bank of London and the Middle East pay 2.25 percent, again not guaranteed.


OakNorth Bank offers 2.06pc.

These accounts can be opened online with a minimum savings of £1,000.

No access is allowed during the entire term.

Those willing to try an alternative savings account could earn 2.4 percent with the Islamic provider Bank of London and the Middle East, non-guaranteed.


Paragon Bank again tops the five year bond which pays 2.45 percent.

This account can be opened online with a minimum deposit of £1,000.

Bank of London and the Middle East pays 2.5pc, non-guaranteed.