Fixed Rate Bonds

If you’re looking to let your money work for you, a personal fixed bond could be just what you need.

Our Products

We’ve got a range of fixed term bonds for you to choose from – from as little as one month, to as long as five years. Find out more below

Take a look at our Fixed Rate Bonds

1 Year Fixed Rate Bond  (0.45%)

Account Name

1 Year Fixed Rate Bond.

What is the interest rate?

0.45%* Gross*/AER** – Annual
0.45% Gross*/AER** – Monthly

Annual interest is paid at maturity.  Monthly interest is paid on the last working day of the month.

Can Hodge Bank change the interest rate?

No, the interest rate is fixed for the term.

What would the estimated balance be after 12 months based on deposit of £1,000?

£1,004.50 This illustrative example assumes one initial deposit of £1,000, with no further additions with interest paid annually and added to the account. This projection is provided for illustrative purposes only & does not take into account the individual circumstances of a customer.

How do I open and manage my account?

You can open your account online or by post.

Accounts opened online can be managed via our internet banking and also by telephone.

Accounts opened by post can be managed by post and by telephone.

The minimum deposit for a Fixed Rate Account is £1,000.

For deposits made by cheque, interest is calculated from the second banking day on which the cheque is credited to the account. Cheques are cleared in 2 banking days using the Image Clearing System. This system allows banks to clear a digital image of the cheque rather than the original paper cheque.

Account holders must be aged 18 or over and be UK resident for tax purposes.

The maximum amount that may be held by you with us across all products may not in aggregate exceed £1,000,000 but we may waive this limit at our absolute discretion.

Can I withdraw money?

You cannot make withdrawals during the fixed term.  We will write to you, before the end of your fixed term, to provide you with your options.

Additional Information

When you open an account, you have 10 working days to transfer any funds in to that account.  If, after 10 days, no funds have been received or the funds held in the account do not meet the minimum balance, then we will close the account and return any money held in the account.

All deposits in and out of your account must come from your nominated bank account, which you provide as part of the application process.

We will pay interest without tax deducted.  However, if the total amount of interest you earn exceeds your Personal Savings Allowance then you may have to pay tax directly to HMRC. For more information visit www.gov.uk and search ‘Personal Savings Allowance’.

Glossary of Terms

*Gross
Is the contractual rate of interest payable before the deduction of income tax at the rate specified by law. The payment can be made annually or monthly.

**AER
AER stands for Annual Equivalent Rate and illustrates what the interest rate would be if paid and compounded each year.

2 Year Fixed Rate Bond  (0.60%)

Account Name

2 Year Fixed Rate Bond.

What is the interest rate?

0.60% Gross*/AER** – Annual
0.60% Gross*/AER** – Monthly

Annual interest is paid on the anniversary of account opening.  Monthly interest is paid on the last working day of the month.

Can Hodge Bank change the interest rate?

No, the interest rate is fixed for the term

Based on £1,000 initial deposit, what would the estimated balance after 12 months.

1,006.00
This illustrative example assumes one initial deposit of £1,000, with no further additions with interest paid annually and added to the account. This projection is provided for illustrative purposes only & does not take into account the individual circumstances of a customer.

How do I open and manage my account?

You can open your account online or by post.

Accounts opened online can be managed via our internet banking and also by telephone.

Accounts opened by post can be managed by post and by telephone.

The minimum deposit for a Fixed Rate Account is £1,000.

For deposits made by cheque, interest is calculated from the second banking day on which the cheque is credited to the account. Cheques are cleared in 2 banking days using the Image Clearing System. This system allows banks to clear a digital image of the cheque rather than the original paper cheque.

Account holders must be aged 18 or over and be UK resident for tax purposes.

The maximum amount that may be held by you with us across all products may not in aggregate exceed £1,000,000 but we may waive this limit at our absolute discretion.

Can I withdraw money?

You cannot make withdrawals during the fixed term.  We will write to you, before the end of your fixed term, to provide you with your options.

Additional information

When you open an account, you have 10 working days to transfer any funds in to that account.  If, after 10 days, no funds have been received or the funds held in the account do not meet the minimum balance, then we will close the account and return any money held in the account.

All deposits in and out of your account must come from your nominated bank account, which you provide as part of the application process.

We will pay interest without tax deducted.  However, if the total amount of interest you earn exceeds your Personal Savings Allowance then you may have to pay tax directly to HMRC. For more information visit www.gov.uk and search ‘Personal Savings Allowance’.

Glossary of Terms

*Gross
Is the contractual rate of interest payable before the deduction of income tax at the rate specified by law. The payment can be made annually or monthly.

**AER
AER stands for Annual Equivalent Rate and illustrates what the interest rate would be if paid and compounded each year.

3 Year Fixed Rate Bond  (0.70%)

Account Name

3 Year Fixed Rate Bond.

What is the interest rate?

0.70% Gross*/AER** – Annual
0.70% Gross*/AER** – Monthly

Annual interest is paid on the anniversary of account opening.  Monthly interest is paid on the last working day of the month.

Can Hodge Bank change the interest rate?

No, the interest rate is fixed for the term.

Based on £1,000 initial deposit, what would the estimated balance a 12 months.

£1,007.00 This illustrative example assumes one initial deposit of £1,000, with no further additions with interest paid annually and added to the account. This projection is provided for illustrative purposes only & does not take into account the individual circumstances of a customer.

How do I open and manage my account?

You can open your account online or by post.

Accounts opened online can be managed via our internet banking and also by telephone.

Accounts opened by post can be managed by post and by telephone.

The minimum deposit for a Fixed Rate Account is £1,000.

For deposits made by cheque, interest is calculated from the second banking day on which the cheque is credited to the account. Cheques are cleared in 2 banking days using the Image Clearing System. This system allows banks to clear a digital image of the cheque rather than the original paper cheque.

Account holders must be aged 18 or over and be UK resident for tax purposes.

The maximum amount that may be held by you with us across all products may not in aggregate exceed £1,000,000 but we may waive this limit at our absolute discretion.

Can I withdraw money?

You cannot make withdrawals during the fixed term.  We will write to you, before the end of your fixed term, to provide you with your options.

Additional information

When you open an account, you have 10 working days to transfer any funds in to that account.  If, after 10 days, no funds have been received or the funds held in the account do not meet the minimum balance, then we will close the account and return any money held in the account.

All deposits in and out of your account must come from your nominated bank account, which you provide as part of the application process.

We will pay interest without tax deducted.  However, if the total amount of interest you earn exceeds your Personal Savings Allowance then you may have to pay tax directly to HMRC. For more information visit www.gov.uk and search ‘Personal Savings Allowance’.

Glossary of Terms

*Gross
Is the contractual rate of interest payable before the deduction of income tax at the rate specified by law. The payment can be made annually or monthly.

**AER
AER stands for Annual Equivalent Rate and illustrates what the interest rate would be if paid and compounded each year.

4 Year Fixed Rate Bond  (0.80%)

Account Name

4 Year Fixed Rate Bond

What is the interest rate?

0.80% Gross*/AER** – Annual
0.80% Gross*/AER** – Monthly

Annual interest is paid on the anniversary of account opening.  Monthly interest is paid on the last working day of the month.

Can Hodge Bank change the interest rate?

No, the interest rate is fixed for the term.

Based on £1,000 initial deposit, what would the estimated balance after 12 months.

£1,008.00 This illustrative example assumes one initial deposit of £1,000, with no further additions with interest paid annually and added to the account. This projection is provided for illustrative purposes only & does not take into account the individual circumstances of a customer.

How do I open and manage my account?

You can open your account online or by post.

Accounts opened online can be managed via our internet banking and also by telephone.

Accounts opened by post can be managed by post and by telephone.

The minimum deposit for a Fixed Rate Account is £1,000.

For deposits made by cheque, interest is calculated from the second banking day on which the cheque is credited to the account. Cheques are cleared in 2 banking days using the Image Clearing System. This system allows banks to clear a digital image of the cheque rather than the original paper cheque.

Account holders must be aged 18 or over and be UK resident for tax purposes.

The maximum amount that may be held by you with us across all products may not in aggregate exceed £1,000,000 but we may waive this limit at our absolute discretion.

Can I withdraw money?

You cannot make withdrawals during the fixed term.  We will write to you, before the end of your fixed term, to provide you with your options.

Additional information

When you open an account, you have 10 working days to transfer any funds in to that account.  If, after 10 days, no funds have been received or the funds held in the account do not meet the minimum balance, then we will close the account and return any money held in the account.

All deposits in and out of your account must come from your nominated bank account, which you provide as part of the application process.

We will pay interest without tax deducted.  However, if the total amount of interest you earn exceeds your Personal Savings Allowance then you may have to pay tax directly to HMRC. For more information visit www.gov.uk and search ‘Personal Savings Allowance’.

Glossary of Terms

*Gross
Is the contractual rate of interest payable before the deduction of income tax at the rate specified by law. The payment can be made annually or monthly.

**AER
AER stands for Annual Equivalent Rate and illustrates what the interest rate would be if paid and compounded each year.

5 Year Fixed Rate Bond  (0.90%)

Account Name

5 Year Fixed Rate Bond.

What is the interest rate?

0.90% Gross*/AER** – Annual
0.90% Gross*/AER** – Monthly

Annual interest is paid on the anniversary of account opening. Monthly interest is paid on the last working day of the month.

Can Hodge Bank change the interest rate?

No, the interest rate is fixed for the term.

Based on £1,000 initial deposit, what would the estimated balance after 12 months.

£1,009.00 This illustrative example assumes one initial deposit of £1,000, with no further additions with interest paid annually and added to the account. This projection is provided for illustrative purposes only & does not take into account the individual circumstances of a customer.

How do I open and manage my account?

You can open your account online or by post.

Accounts opened online can be managed via our internet banking and also by telephone.

Accounts opened by post can be managed by post and by telephone.

The minimum deposit for a Fixed Rate Account is £1,000.

For deposits made by cheque, interest is calculated from the second banking day on which the cheque is credited to the account. Cheques are cleared in 2 banking days using the Image Clearing System. This system allows banks to clear a digital image of the cheque rather than the original paper cheque.

Account holders must be aged 18 or over and be UK resident for tax purposes.

The maximum amount that may be held by you with us across all products may not in aggregate exceed £1,000,000 but we may waive this limit at our absolute discretion.

Can I withdraw money?

You cannot make withdrawals during the fixed term.  We will write to you, before the end of your fixed term, to provide you with your options.

 

Additional information

When you open an account, you have 10 working days to transfer any funds in to that account.  If, after 10 days, no funds have been received or the funds held in the account do not meet the minimum balance, then we will close the account and return any money held in the account.

All deposits in and out of your account must come from your nominated bank account, which you provide as part of the application process.

We will pay interest without tax deducted.  However, if the total amount of interest you earn exceeds your Personal Savings Allowance then you may have to pay tax directly to HMRC. For more information visit www.gov.uk and search ‘Personal Savings Allowance’.

Glossary of Terms

*Gross
Is the contractual rate of interest payable before the deduction of income tax at the rate specified by law. The payment can be made annually or monthly.

**AER
AER stands for Annual Equivalent Rate and illustrates what the interest rate would be if paid and compounded each year.

Short Term Bonds

Take a look at our short term bonds

1 Month Fixed Rate Bond  (0.05%)

Account Name

1 Month Fixed Bond

What is the interest rate?

0.05% Gross*/AER** – Monthly

Monthly interest is paid on the last working day of the month.

Can Hodge Bank change the interest rate?

No, the interest rate is fixed for the term.

What would the estimated balance be after 12 months based on deposit of £1,000?

£1,000.50 This illustrative example assumes one initial deposit of £1,000, with no further additions with interest paid annually and added to the account. This projection is provided for illustrative purposes only & does not take into account the individual circumstances of a customer.

How do I open and manage my account?

You can open your account by post.

Accounts opened by post can be managed by post and by telephone.

The minimum deposit for a Fixed Rate Account is £1,000.

For deposits made by cheque, interest is calculated from the second banking day on which the cheque is credited to the account. Cheques are cleared in 2 banking days using the Image Clearing System. This system allows banks to clear a digital image of the cheque rather than the original paper cheque.

Account holders must be aged 18 or over and be UK resident for tax purposes.

The maximum amount that may be held by you with us across all products may not in aggregate exceed £1,000,000 but we may waive this limit at our absolute discretion.

Can I withdraw money?

You cannot make withdrawals during the fixed term.  We will write to you, before the end of your fixed term, to provide you with your options.

Additional Information

When you open an account, you have 10 working days to transfer any funds in to that account.  If, after 10 days, no funds have been received or the funds held in the account do not meet the minimum balance, then we will close the account and return any money held in the account.

All deposits in and out of your account must come from your nominated bank account, which you provide as part of the application process.

We will pay interest without tax deducted.  However, if the total amount of interest you earn exceeds your Personal Savings Allowance then you may have to pay tax directly to HMRC. For more information visit www.gov.uk and search ‘Personal Savings Allowance’.

Glossary of Terms

*Gross
Is the contractual rate of interest payable before the deduction of income tax at the rate specified by law. The payment can be made annually or monthly.

**AER
AER stands for Annual Equivalent Rate and illustrates what the interest rate would be if paid and compounded each year.

3 Month Fixed Rate Bond  (0.10%)

Account Name

3 Month Fixed Rate Bond.

What is the interest rate?

0.10% * Gross*/AER** – Monthly

Monthly interest is paid on the last working day of the month.

Can Hodge Bank change the interest rate?

No, the interest rate is fixed for the term.

What would the estimated balance be after 12 months based on deposit of £1,000?

£1,001.00 This illustrative example assumes one initial deposit of £1,000, with no further additions with interest paid annually and added to the account. This projection is provided for illustrative purposes only & does not take into account the individual circumstances of a customer.

Can I withdraw money?

You cannot make withdrawals during the fixed term. We will write to you, before the end of your fixed term, to provide you with your options.

 

How do I open and manage my account?

You can open your account by post.

Accounts opened by post can be managed by post and by telephone.

The minimum deposit for a Fixed Rate Account is £1,000.

For deposits made by cheque, interest is calculated from the second banking day on which the cheque is credited to the account. Cheques are cleared in 2 banking days using the Image Clearing System. This system allows banks to clear a digital image of the cheque rather than the original paper cheque.

Account holders must be aged 18 or over and be UK resident for tax purposes.

The maximum amount that may be held by you with us across all products may not in aggregate exceed £1,000,000 but we may waive this limit at our absolute discretion.

Additional Information

When you open an account, you have 10 working days to transfer any funds in to that account. If, after 10 days, no funds have been received or the funds held in the account do not meet the minimum balance, then we will close the account and return any money held in the account.

All deposits in and out of your account must come from your nominated bank account, which you provide as part of the application process.

We will pay interest without tax deducted. However, if the total amount of interest you earn exceeds your Personal Savings Allowance then you may have to pay tax directly to HMRC. For more information visit www.gov.uk and search ‘Personal Savings Allowance’.

Glossary of Terms

*Gross
Is the contractual rate of interest payable before the deduction of income tax at the rate specified by law. The payment can be made annually or monthly.

**AER
AER stands for Annual Equivalent Rate and illustrates what the interest rate would be if paid and compounded each year.

6 Month Fixed Rate Bond  (0.25%)

Account Name

6 Month Fixed Rate Bond

What is the interest rate?

0.25% * Gross*/AER** – Monthly

Monthly interest is paid on the last working day of the month.

Can Hodge Bank change the interest rate?

No, the interest rate is fixed for the term.

 

What would the estimated balance be after 12 months based on deposit of £1,000?

£1,002.50 This illustrative example assumes one initial deposit of £1,000, with no further additions with interest paid annually and added to the account. This projection is provided for illustrative purposes only & does not take into account the individual circumstances of a customer.

Can I withdraw money?

Not until maturity of the account.

How do I open and manage my account?

You can open your account by post.

Accounts opened by post can be managed by post and by telephone.

The minimum deposit for a Fixed Rate Account is £1,000.

For deposits made by cheque, interest is calculated from the second banking day on which the cheque is credited to the account. Cheques are cleared in 2 banking days using the Image Clearing System. This system allows banks to clear a digital image of the cheque rather than the original paper cheque.

Account holders must be aged 18 or over and be UK resident for tax purposes.

The maximum amount that may be held by you with us across all products may not in aggregate exceed £1,000,000 but we may waive this limit at our absolute discretion.

Additional Information

When you open an account, you have 10 working days to transfer any funds in to that account.  If, after 10 days, no funds have been received or the funds held in the account do not meet the minimum balance, then we will close the account and return any money held in the account.

All deposits in and out of your account must come from your nominated bank account, which you provide as part of the application process.

We will pay interest without tax deducted.  However, if the total amount of interest you earn exceeds your Personal Savings Allowance then you may have to pay tax directly to HMRC. For more information visit www.gov.uk and search ‘Personal Savings Allowance’.

Glossary of Terms

*Gross
Is the contractual rate of interest payable before the deduction of income tax at the rate specified by law. The payment can be made annually or monthly.

**AER
AER stands for Annual Equivalent Rate and illustrates what the interest rate would be if paid and compounded each year.

Protecting your money

Your eligible deposits with Hodge Bank are protected up to a total of £85,000 by the Financial Services Compensation Scheme.

Find out more

About our Fixed Rate Bonds

If you’re looking to let your money work for you, a personal fixed bond could be just what you need. Our fixed rate saving accounts can often give you better interest rates than our other accounts, but there’s a few things you’ll need to consider before opening one. Keep reading to find out all you need to know about our fixed rate savings bonds and if it’s the right option for you and your finances. 

What is a fixed rate saving bond?

fixed bond savings account allows you to put your cash away for a set amount of time where it’ll earn a fixed amount of interest. During this period, you won’t be able to access your money, but you may get to benefit from a higher interest rate than our other types of savings accounts.  

Fixed rate savings bonds are usually best suited to those depositing a large amount of money. The longer your fixed term, the higher interest rates you’ll unlock – allowing you to really let your money do all the heavy lifting. 

Who can open a personal fixed bond savings account?

Anyone depositing a lump sum of at least £1,000 can take advantage of our fixed rate savings bondsHowever, you should only consider this type of savings account if you won’t need to access your money for a fixed period. Additionally, if you’re a regular saver, fixed bond savings may not be suited to you as, after opening your account, you’ll have a set period of time to deposit your money, then after that you won’t be able to add anything else.  

Benefits of fixed bond savings

There are a few great benefits to putting your cash into fixed bond savings, including:  

  • The longer you save, the more you save: If you can part with your cash for a longer amount of time, you’ll often get better interest rates. This makes it a great option if you’re depositing a big lump sum that you won’t need to access. 
  • Higher interest rates: Because we know how long your money will be with us, we can often offer you higher interest rates than our other accounts.  
  • FSCS protection: up to £85,000 is protected by the Financial Services Compensation Scheme (FSCS), so you can be rest assured that your money’s safe and secure 

Now you know the reasons why you might want to invest your money into a fixed bond savings account, take a look at the great range of products.