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  • What is a Fixed Rate Bond?
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A Fixed Rate Bond is a savings account that pays an agreed rate of interest for a fixed number of months or years. Fixed Rate Bonds are designed for savings that you don’t need access to during the fixed rate term.

How they work

You make an initial lump sum payment into your bond. With an RBS Fixed Rate Bond you can save between £5,000 and £500,000. You can’t make regular savings into your bond.

The rate of interest you’ll earn is agreed at the outset and paid until the end of the bond term. With an RBS Fixed Rate Bond, we pay the interest directly into another RBS current or savings account.

Once your Fixed Rate Bond application is processed the funds will be transferred from your nominated account to your Fixed Rate Bond account. Interest will be paid at a rate of 2.00%, until the start date of your bond.

If you need your money in a hurry

Fixed Rate Bonds are usually for terms of one year or more. Interest will be paid at a rate, of 2.00%, until the start date of your bond.

Why choose a Fixed Rate Bond?

If you can afford to lock your money away for a while, a Fixed Rate Bond could be perfect for you.

• You choose – within limits, you can decide how much you want to save and for how long
• Competitive interest rates – rates for fixed term bonds are generally better than the rates you’ll find with Instant Access Savings accounts
• A secure way to save – you’ll know exactly how much you’ll earn on your savings, no matter what happens to interest rates generally