Fixed term deposits are where you invest fixed amount of money for a fixed amount of time. and at the maturity meaning at the end of the term you get a agreed return. There are fixed time lines from 1 year to all the way up to 3 years.
Lloyds Bank offers fixed deposit rates as shown below:
| Deposit Term | Tier | Annual Interest % (Gross/AER) Sterling |
|---|---|---|
| 2 years | £10,000+ | 3.00 |
| 2 years | £50,000+ | 3.95 |
| 1 year | £10,000+ | 4.00 |
| 1 year | £50,000+ | 4.80 |
| 6 months | £10,000+ | 2.00 |
| 6 months | £50,000+ | 4.80 |
HSBC UK offers fixed deposit rates as shown below:
| Deposit Term | Tier | Annual Interest % (Gross/AER) Sterling |
|---|---|---|
| 2 years | £2,000+ | 4.10% |
| 1 year | £2,000+ | 4.45% |
Natwest Bank offers fixed deposit rates as shown below:
| Deposit Term | Tier | Annual Interest % (Gross/AER) Sterling |
|---|---|---|
| 1 Year | £5,000 – £99,999 | 4.92% |
| 1 Year | £100,000 – £999,999 | 5.02% |
| 1 Year | £1,000,000 – £19,999,999 | 5.22% |
| 2 Year | £25,000 – £4,999,999 | 4.20% |
Co-operative Bank offers fixed deposit rates as shown below:
| Deposit Term | Tier | Annual Interest % (Gross/AER) Sterling |
|---|---|---|
| 1 Year | £1,000 – £1,000,000 | 4.53% |
| 2 Year | £1,000 – £1,000,000 | 4.25% |
| 3 Year | £1,000 – £1,000,000 | 4.12% |
Bank of Ireland UK offers fixed deposit rates as shown below:
| Deposit Term | Tier | Annual Interest % (Gross/AER) Sterling |
|---|---|---|
| 6 Month | £10,000+ | 3.71% |
| 1 Year | £10,000+ | 4.65% |
| 2 Year | £10,000+ | 4.28% |
maximum to the amount you can pay into the
Account.” Reference: https://www.bankofirelanduk.com/app/uploads/savings-accounts-terms-and-conditions-brochure_december-2023_bank-of-ireland-uk.pdf
Barclays Bank offers fixed rates cash ISAs as shown below:
| Deposit Term | Tier | Annual Interest % (Gross/AER) Sterling (ISA) |
|---|---|---|
| 1 Year | £1+ | 4.60% |
| 18 months | £1+ | 4.35% |
**Remember when your depositing large amount of money usually more than £85,000 make to divide the funds into serval bank accounts because most of the UK banks are protected only up to £85,000 by the Financial Services Compensation Scheme, the UK’s deposit guarantee scheme.**
*All these information are imported from official website of the entity on 20th June 2024*
