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Fixed rate accounts

Get savings certainty with a fixed rate account, helping you better plan your financial future.

Long term goals

Ideal for meeting any savings goal that’s a year or more in the future

A range of terms

Pick a savings term that works for you, from 1 year to 3 years

Rates wont change

Know how much interest you’ll get with fixed rates for the whole term

Fixed rate accounts

Fixed Rate Bonds

Lock away savings for 1 to 3 years

  • Earn up to 4.60% interest
    Gross / AER
  • 1,2, and 3 year terms 
  • No withdrawals allowed
    Early closure is not possible

Fixed Rate Cash ISA

Set a savings goal from 18 months to 3 years

  • Earn up to 4.40% Tax Free/ 4.50% AER
    Tax-free/AER Fixed
  • 18 month, 2 year, and 3 year terms
  • Withdrawal charges apply

Any questions?

A fixed rate account, or a fixed rate bond, lets you lock away your savings for a certain amount of time with an interest rate that won’t change. You’ll normally be able to choose from several time frames to lock your money away for, this typically starts at 1 year.

The amount of interest you’ll get depends on the fixed rate savings account you choose and the length of time you opt for.

There are two key differences between an ISA and a Bond:

1. Access – you can make a withdrawal from an ISA if you need to. With bonds, your money is locked away for a set amount of time and withdrawals are not possible.

2. Tax – with an ISA, you have a certain amount that you can save each tax year that’ll be tax-free, including any interest earned on it. As long as you keep that money in the ISA, it’ll stay tax-free. Bonds don’t have this same allowance, which means you may have to pay interest on interest if you exceed your Personal Savings Allowance.

You can open a fixed rate account with just £1 and save a maximum of £1,000,000.

Financial Services Compensation Scheme

The Financial Services Compensation Scheme (FSCS) protects up to £85,000 of your eligible money at TSB. For more information, please visit the FSCS website. 

FSCS logo

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Important Information

The Annual Equivalent Rate (AER) shows what the interest would be if the interest was paid and added to the account once each year. It lets you compare savings accounts easily. Gross rate means that credit interest is paid without income tax being deducted. Tax-free is the contractual rate of interest payable where interest is exempt from income tax.