The rates set by the Bank of England determine how banks and building societies calculate interest rates for their savings.

With regular savings accounts offering lower interest rates following any rate changes it is important that your savings are kept in the best place. With a guaranteed rate for a set period of time Fixed-Rate Bonds offer better security than easy access accounts where rates are often variable. If the Bank of England Base Rate changes this will not affect your fixed rate during its term.

However, fixing your bond for a long period of time means that you lose the flexibility to switch to an account that could pay a higher rate of interest if rates rise so you may want to consider the most suitable option for you.

Our Sensible Savings Fixed-Rate Bonds currently offer guaranteed rates of interest with terms ranging from 1-3 years.

To read more about Fixed-Rate Bonds please click here.