Fixed Rate Bonds

If you’re looking to let your money work for you, a 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 year, to as long as five years. Find out more below

Take a look at our Fixed Rate Bonds

1 Year Fixed Rate Bond – Online Only  (2.36%)

2 Year Fixed Rate Bond – Online Only  (2.68%)

3 Year Fixed Rate Bond – Online Only  (2.92%)

5 Year Fixed Rate Bond – Online Only  (2.96%)

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.  

Applying for a joint account

To apply for a joint account, download and complete our Joint Account Application Form by clicking here. Forms can be returned via email or by post to One Central Square, Cardiff, CF10 1FS. Both owners need to complete and sign the form at the time of application. Once we have your form, we’ll send you a confirmation email and information on how to register, view and fund the account online.
Please note: All account holders must be registered at the application stage.

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.