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Choose from a range of fixed term bonds, from as little as one to as many as five years.
1 Year Fixed Rate Bond – Online Only (4.80%)
I'd like my interest paid annually
4.80%
The rate displayed above is the rate you will receive in total each year
I'd like my interest paid monthly
4.70%
The rate displayed above is the rate you will receive in total each year
Account Name
1 Year Fixed Rate Bond.
What is the interest rate?
4.80%* Gross*/AER** – Annual
4.70% Gross*/4.80% AER** – Monthly
Interest is calculated daily. Annual interest is paid at maturity.
If you choose to have your interest paid monthly, interest will be paid from one calendar month following the receipt of your deposit through to the end of the term.
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?
£1,048.00
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.
Accounts opened online can be managed via our internet banking.
The minimum deposit for a Fixed Rate Account is £1,000.
Add money to your account by Bank Transfer.
Hodge use a payments provider called Modulr. When making a payment to your new Hodge account, you may notice a reference to Modulr Finance when setting up payee details. This allows you to confirm you’re paying the correct amount and means we receive your payment more quickly.
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 – Online Only (4.70%)
I'd like my interest paid annually
4.70%
The rate displayed above is the rate you will receive in total each year
I'd like my interest paid monthly
4.60%
The rate displayed above is the rate you will receive in total each year
Account Name
2 Year Fixed Rate Bond.
What is the interest rate?
4.70% Gross*/AER** – Annual
4.60% Gross*/4.70% AER** – Monthly
Interest is calculated daily. Annual interest is paid on the anniversary of account opening.
If you choose to have your interest paid monthly, interest will be paid from one calendar month following the receipt of your deposit through to the end of the term.
Can Hodge Bank change the interest rate?
No, the interest rate is fixed for the term
What would the estimated balance be after 24 months based on £1,000 deposit?
£1096.21
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.
Accounts opened online can be managed via our internet banking.
The minimum deposit for a Fixed Rate Account is £1,000.
Add money to your account by Bank Transfer.
Hodge use a payments provider called Modulr. When making a payment to your new Hodge account, you may notice a reference to Modulr Finance when setting up payee details. This allows you to confirm you’re paying the correct amount and means we receive your payment more quickly.
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 – Online Only (4.40%)
I'd like my interest paid annually
4.40%
The rate displayed above is the rate you will receive in total each year
I'd like my interest paid monthly
4.31%
The rate displayed above is the rate you will receive in total each year
Account Name
3 Year Fixed Rate Bond.
What is the interest rate?
4.40% Gross*/AER** – Annual
4.31% Gross*/4.40% AER** – Monthly
Interest is calculated daily. Annual interest is paid on the anniversary of account opening.
If you choose to have your interest paid monthly, interest will be paid from one calendar month following the receipt of your deposit through to the end of the term.
Can Hodge Bank change the interest rate?
No, the interest rate is fixed for the term.
What would the estimated balance be after 36 months based on £1,000 deposit?
£1137.90
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.
Accounts opened online can be managed via our internet banking.
The minimum deposit for a Fixed Rate Account is £1,000.
Add money to your account by Bank Transfer.
Hodge use a payments provider called Modulr. When making a payment to your new Hodge account, you may notice a reference to Modulr Finance when setting up payee details. This allows you to confirm you’re paying the correct amount and means we receive your payment more quickly.
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 – Online Only (3.50%)
I'd like my interest paid annually
3.50%
The rate displayed above is the rate you will receive in total each year
I'd like my interest paid monthly
3.45%
The rate displayed above is the rate you will receive in total each year
Account Name
5 Year Fixed Rate Bond.
What is the interest rate?
3.50% Gross*/AER** – Annual
3.45% Gross*/3.51% AER** – Monthly
Interest is calculated daily. Annual interest is paid on the anniversary of account opening.
If you choose to have your interest paid monthly, interest will be paid from one calendar month following the receipt of your deposit through to the end of the term.
Can Hodge Bank change the interest rate?
No, the interest rate is fixed for the term.
What would the estimated balance be after 60 months based on £1,000 deposit?
£1187.69
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.
Accounts opened online can be managed via our internet banking.
The minimum deposit for a Fixed Rate Account is £1,000.
Add money to your account by Bank Transfer.
Hodge use a payments provider called Modulr. When making a payment to your new Hodge account, you may notice a reference to Modulr Finance when setting up payee details. This allows you to confirm you’re paying the correct amount and means we receive your payment more quickly.
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.
A fixed rate 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 benefit from a higher interest rate than other types of savings accounts.
You’ll be given your interest rate in advance, and the longer you can lock away your cash, the higher your interest rate will likely be. You can apply for a Hodge fixed rate bond online in as little as 10 minutes, and once open, you’ll have 14 days to fund your account.
A ‘fixed rate’ is a guaranteed interest rate for a set length of time, during that time, you won’t be able to access your money. Usually, the longer the fixed rate period, the higher the interest rate, making it great for those with long term savings goals.
A 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.
Anyone depositing a lump sum of at least £1,000 can take advantage of our fixed rate savings bonds. However, 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.
We can’t accept joint applications for fixed rate bonds at the moment. We’re working hard to make this possible via our online platform, and hope to make the necessary changes in the near future.
There are a few great benefits to putting your cash into fixed bond savings, including:
Your eligible deposits with Hodge Bank are protected up to a total of £85,000 by the Financial Services Compensation Scheme.
You can download our savings account terms and conditions below.
