Best Fixed Term Savings

Guide to fixed-rate bonds

1. What Is The Best Fixed Term Savings Account
2. Fixed Rate Interest Accounts
3. Best Fixed Term Savings Monthly Interest

Usually, locking yourself into a longer fixed term gets you higher ISA rates. This restricts your access, but is rewarded with a better rate. Here are some things to consider when trying to find the best fixed-rate ISA for you: The interest rate (AER) - obviously, you want the best interest rate for your savings. Fixed-rate ISAs are a type of tax-free savings account that you open for a specific period, with an interest rate that depends on the length of your term. These terms typically range from one to five years, although some providers may offer greater flexibility. For a full breakdown of the best fixed-rate savings accounts, see the Top Savings guide. Easy-access savings With whatever money you've got left, anything you need access to stick in an easy-access savings. Highest Interest Rates on Fixed Terms Up To Five Years; Childrens Savings Accounts; You could also earn higher interest with a regular savings account or a fixed-term deposit. But remember, with a fixed term account you may not be able to access your money immediately (or even not until the end of the term. Money Compare's comparison tables shows hundreds of savings accounts from providers large and small, whether we get paid commission or not. It makes no difference to how the savings accounts appear in our tables, meaning you’ll always be able to stay in control and find the best.

Banks and building societies want you to invest your cash in their savings accounts, which is why they pay you interest.

But with a normal, easy-access account the bank or building society doesn't have any security - you can withdraw your money whenever you like.

That's why they're happy to pay a little bit more to savers using fixed-rate bonds.

These are accounts where you agree in advance not to touch your cash for a set time, typically between six months and five years.

In return for your money for a guaranteed time, the account provider guarantees you a fixed rate of interest.

What Is The Best Fixed Term Savings Account

Fixed Rate Interest Accounts

Best Fixed Term Savings Monthly Interest

That means that, whether rates fall or rise elsewhere, you'll continue to get the amount you agreed.