Go paper-free
Amend paper-free preferences for your statements and correspondence.
Online Fixed Bonds
A fixed interest rate account for savers who are happy to put their money away for up to two years.
Please read the summary box before applying
Summary box for the Online Fixed Bond
-
3.60% AER/gross fixed interest on balances of £1 or more for one year from account opening when interest is paid after 12 months.
Plus, an extra 0.20% AER/gross if you have a Private Banking personal current account or Private Banking savings account that's been open for at least 40 days.
3.50% AER/gross fixed interest on balances of £1 or more for two years from account opening when interest is paid annually.
-
No. This account has a fixed rate of interest so the rate won't change during the term.
-
For example, if you deposit £2,000.00 when you open a 1 year account, after 12 months you will have a balance of £2,072.00 after interest is paid.
For example, if you deposit £2,000.00 when you open the account, after 24 months you will have a balance of £2,142.45 after interest is paid.
This assumes:
- interest is paid every 12 months after you open the account
- you make your deposit on the day you open the account
- you don't add any more money.
- interest is paid every 12 months after you open the account
-
This account can be opened and managed:
- online
- branch
- phone.
You can open this account if you:
- are 16 or over
- are a UK resident
- have £2,000 or more to save.
You need to pay at least £2,000 into the account within 10 days of opening it. There is no limit to the number of payments in you can make within these 10 days. After the 10 days are up, you can’t make any further payments into the account. The maximum you can pay into the account is £10,000,000.
Online applications must be made in your sole name.
You can make the account joint by going into the branch after you’ve opened it.
You can only have one Online Fixed Bond – 1 Year account. You can also have up to 5 Online Fixed Bond – 2 Year accounts.
-
You can’t make withdrawals from this account, but you can close the account early by visiting one of our branches with a counter. Bear in mind that if you close the account early, for the one year term account you’ll be charged the equivalent of 90 days’ gross interest. For the two year term account you’ll be charged the equivalent of 180 days’ gross interest. This means you may get back less than you put in.
At the end of the 1 or 2 year term, your account will change to a Standard Saver. Before this happens, we'll contact you to explain your options and next steps.
-
Savings terms explained
Gross rate means we won’t deduct tax from the interest we pay on money in your account. It’s your responsibility to pay any tax you may owe to HM Revenue & Customs (HMRC).
AER stands for Annual Equivalent Rate. Whenever you see an advert for a savings account which shows an interest rate, you will see the AER. This means you can use the AER to compare accounts. It shows what the interest rate would be if your interest was paid and compounded once each year.
For more definitions, view our glossary.
Apply for an Online Fixed Bond account
You can open this account if you:
- are 16 or over
- are a UK resident
- have £2,000 or more to save.
Please read the summary box and the terms and conditions (PDF, 68KB) before you start.
We’re making some changes to our conditions on 02 June 2025. For details, please see our guide to changes (PDF, 80KB).
-
If you’d prefer to speak to someone, call us or visit your nearest branch.
You may also like
Have you thought about investing?
Our investment options could provide a higher return than saving. Choose from our investment accounts.
Need expert advice on investments?
Our partner, Schroders Personal Wealth could help to choose the right investments for you. It all starts with a free chat so you can decide if it's what you need. Eligibility criteria applies. Fees and charges may apply if you decide to use our service.
