Best 5 Year Fixed Rate Bonds | Rates Up To 4.55% (2024)

Home Savings Accounts 5 Year Fixed Rate Bonds

A 5-year Fixed Rate Bond could be a good home for yoursavingsif you don't need to access your funds for 5 years.Fixed Rate Bondsoften offer better rates thannotice accountsoreasy access accounts.

Ready to compare rates? Start your comparison below and personalise the chart by specifying the size of your investment amount.

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Best 5 Year Fixed Rate Bond Rates

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We found 55 products in total, of which 10 have links to providers.

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Hampshire Trust Bank 5 Year Bond (Issue 36)

AER

4.54%

Account Type

Fixed

Term

5 Year Bond

Interest Paid

Anniversary

Opening Account

Managing Account

Go To Provider's Site
UBL UK Raisin UK - 5 Year Fixed Term Deposit

AER

4.52%

Account Type

Fixed

Term

5 Year Bond

Interest Paid

On Maturity

Opening Account

Managing Account

Go To Provider's Site
Al Rayan Bank Raisin UK - 5 Year Fixed Term Deposit

AER

4.50%
Expected Rate

Account Type

Fixed

Term

5 Year Bond

Interest Paid

On Maturity (Compounded Annually)

Opening Account

Managing Account

Go To Provider's Site

Get your savings active

With Hargreaves Lansdown’s Active Savings platform you can get great rates from multiple banks – in one easy online account.

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Isbank Raisin UK - 5 Year Fixed Term Deposit

AER

4.50%

Account Type

Fixed

Term

5 Year Bond

Interest Paid

Yearly

Opening Account

Managing Account

Go To Provider's Site
Isbank Raisin UK - 7 Year Fixed Term Deposit

AER

4.50%

Account Type

Fixed

Term

7 Year Bond

Interest Paid

Yearly

Opening Account

Managing Account

Go To Provider's Site
Bank of London and The Middle East Premier Deposit Account (Anticipated Profit Rate)

AER

4.30%
Expected Rate

Account Type

Fixed

Term

5 Year Bond

Interest Paid

Anniversary

Opening Account

Managing Account

Go To Provider's Site
Aldermore 5 Year Fixed Rate Savings Account

AER

4.00%

Account Type

Fixed

Term

5 Year Bond

Interest Paid

Anniversary
Further Options ˅

Opening Account

Managing Account

Go To Provider's Site

AER

4.00%

Account Type

Fixed

Term

5 Year Bond

Interest Paid

Monthly

Opening Account

Managing Account

Go To Provider's Site
Bank of London and The Middle East Premier Deposit Account (Anticipated Profit Rate)

AER

4.00%
Expected Rate

Account Type

Fixed

Term

7 Year Bond

Interest Paid

Anniversary

Opening Account

Managing Account

Go To Provider's Site

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Paragon Bank 5 Year Fixed Rate Savings Account

AER

4.00%

Account Type

Fixed

Term

5 Year Bond

Interest Paid

Anniversary
Further Options ˅

Opening Account

Managing Account

Go To Provider's Site

AER

4.00%

Account Type

Fixed

Term

5 Year Bond

Interest Paid

Monthly

Opening Account

Managing Account

Go To Provider's Site
RCI Bank UK Fixed Term Savings Account

AER

4.00%

Account Type

Fixed

Term

5 Year Bond

Interest Paid

Anniversary
Further Options ˅

Opening Account

Managing Account

Go To Provider's Site

AER

4.00%

Account Type

Fixed

Term

5 Year Bond

Interest Paid

Monthly

Opening Account

Managing Account

Go To Provider's Site

Depositor Protection

Eligible deposits with UK institutions are protected by the Financial Services Compensation Scheme (FSCS) up to a maximum level of protection of £85,000 per person per institution. All new savings or bank accounts provided to UK customers are now covered by the FSCS.

Disclaimer

All rates subject to change without notice. Please check all rates and terms before investing or borrowing.

Provider Links

‘Go To Provider's Site’ links are where we have an arrangement with a provider so you can move directly from our site to theirs to view more information and apply for a product. We also use ‘Speak to A Broker’ links where we have an arrangement with a preferred broker to move you directly to their site. Depending on the arrangement we may receive a modest commission either when you press a 'Go To Provider's Site' or 'Speak To A Broker' button, when you call an advertised number or when you complete an application following a link from our website.

A guide to 5 year fixed rate bonds

At a glance

Long-term fixed rate bonds offer the very best bond rates.
Make sure you won’t need access to your funds for the full term.
A significant interest penalty is likely to be charged if early access to funds is allowed.
Think carefully about what might happen to interest rates in the future.

What is a five year fixed rate bond?

Falling into the category of long-term savings, a five year fixed rate bond is an excellent way to garner some of the best interest rates available on the market. In exchange for not touching the money deposit for the set period, the bank or building society will pay a preferential rate – often well beyond the kind of returns you can find for easy access accounts or fixed rate bonds with shorter terms.

Pros and cons of five year fixed rate bonds

A definite plus point of five year fixed rate bonds is the very favourable interest rates available for many long-term savings products. In exchange for your commitment not to touch your cash for such a long period, banks and building societies are keen to offer attractive rates, and competition in this area means that you can find a great offer by using our comparison tables.

In addition, many accounts of this length offer a variation paying interest on a monthly, rather than yearly basis. This can be an excellent benefit if you are investing a significant sum and plan to live on the income or just use it to supplement your monthly revenue.

On the other hand, the biggest disadvantage of this kind of long-term investment is the fact that five years is a considerable time to lock away your cash. If you are considering a five year fixed rate bond, then it pays to think carefully about the reality of whether or not you can afford to be without these funds for such a long period. Even if you are allowed to have early access – and most accounts will not – then you will likely face a significant loss of interest.

Who offers the best return on a five year fixed rate bond?

Many of the best savings rates available in the five year fixed rate bond marketplace are offered by smaller, relatively unknown banks who are new to the market – often referred to as challenger banks. Your money is just as safe in these institutions as it is in any high street bank. All banks and building societies we list are part of the Financial Services Compensation Scheme. Consequently, you can feel assured that the first £85,000 you have saved is protected if the bank or building society were to collapse.

Ashley Seager

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Best 5 Year Fixed Rate Bonds | Rates Up To 4.55% (2024)

FAQs

Are 5 year fixed rate bonds worth it? ›

While five-year bonds offer some of the longest fixed terms on the market, other terms are available that can suit a wide variety of needs and circ*mstances. For instance, if you're uncomfortable locking away your funds for five years, why not consider a two-year bond, one-year bond or even a bond of less than a year?

Read On ›

What is the best 5 year CD rate right now? ›

Compare the Best 5-Year CDs

Institution	Rate (APY)	Term
Pima Federal Credit Union	4.50%	60 months
Department of Commerce Federal Credit Union	4.45%	48–59 months
The Federal Savings Bank	4.45%	60 months
Credit Human	4.35%	36–59 months

11 more rows

Discover More Details ›

Is a 4.5 interest rate good for a savings account? ›

Some of the best rates can be found on high-yield savings accounts, which currently offer around 4.5%–5%. Saving money can be challenging, but a high interest rate can give your savings a boost. Many banks and credit unions currently offer high yields thanks to the Federal Reserve's continued high rates.

Where can I get 5% on my money? ›

Featured Nationally Available 5% APY Savings Accounts

Account Name	APY (Annual Percentage Yield) Accurate as of 8/12/2024
Western Alliance Bank High-Yield Savings Premier	5.31%
BrioDirect High-Yield Savings Account	5.30%
Customers Banks Yield Shield Savings Account	5.14%
UFB Portfolio Savings	5.15%

2 more rows

4 days ago

See Details ›

Which bank is best for fixed deposit for 5 years? ›

Comparison of FD rates

AXIS Bank. 5.75% - 7.00%
SBI Bank. 5.50% - 6.50%
Equitas Bank. 3.50% - 7.25%
HDFC Bank. 4.50% - 7.00%
ICICI Bank. 4.50% - 6.90%
Canara Bank. 5.50% - 6.70%
Bank of Baroda. 5.50% - 6.50%
Punjab National Bank. 4.50% - 6.50%

More items...

Find Out More ›

What is the highest 5 year bond yield? ›

Historically, the 5 Year treasury yield reached as high as 16.27% in 1981, as the Federal Reserve was aggressively raising benchmark rates in an effort to contain inflation.

Tell Me More ›

Can you get 6% on a CD? ›

You can find 6% CD rates at a few financial institutions, but chances are those rates are only available on CDs with maturities of 12 months or less. Financial institutions offer high rates to compete for business, but they don't want to pay customers ultra-high rates over many years.

Show Me More ›

What is the best CD rate for $100,000? ›

Best Jumbo CD Rates for August 2024

BEST NATIONAL JUMBO CDs
One American Bank	5.40% APY	$100,000
Connexus Credit Union	5.25% APY	$100,000
State Department Federal Credit Union	5.20% APY	$100,000
Best non-Jumbo option: West Town Bank & Trust	5.30% APY	$10,000

46 more rows

Explore More ›

Is anyone paying 6% interest? ›

Finding CDs offering 6% interest

There isn't a nationwide bank offering a 6% CD rates today, but there is one credit union with CDs that pays 6% APY (although you'll need to meet membership eligibility requirements). California Coast Credit Union also has a 5-month Celebration Certificate with a 9.50% APY.

Where can I get 4.5 on my money? ›

High-yield savings accounts with APYs of 4.5% (or more)

UFB Direct:
CIT Bank:
Varo:
First Foundation Bank:
Bask Bank:
Mph.bank:
Upgrade:
Ivy Bank.

More items...

May 8, 2023

Show Me More ›

Is 4.5% good for a CD? ›

In fact, leading CDs don't just keep up with inflation, they often beat it. It wouldn't be difficult to find a 5-year CD that offers a 4.5% APY or better.

Read The Full Story ›

How can I get 5% interest on my money? ›

Best 5% interest savings accounts

Best for earning a high APY: My Banking Direct High Yield Savings Account.
Best for low minimum deposit: Western Alliance Bank High-Yield Savings Account.
Best for ATM card: UFB Portfolio Savings.
Best for money market account: CFG Bank High Yield Money Market Account.

More items...

Jul 29, 2024

See Details ›

How to earn 5% risk free? ›

If you have cash in a high-yield savings account, money market fund, CD or short-term Treasury bill, you can still earn princely yields above 5%. And you can take zero risk.

Get More Info Here ›

What is the safest investment with the highest return? ›

Overview: Best low-risk investments in 2024

High-yield savings accounts. ...
Money market funds. ...
Short-term certificates of deposit. ...
Series I savings bonds. ...
Treasury bills, notes, bonds and TIPS. ...
Corporate bonds. ...
Dividend-paying stocks. ...
Preferred stocks.

More items...

Jul 15, 2024

How to earn 5% on cash? ›

3 Types of Accounts Make It Easy to Earn 5% or More

The three ways to do this, while incurring virtually no risk, are high-yield savings accounts, money market accounts, and certificates of deposit (CDs) held at federally insured institutions.

Should I fix my interest rate for 5 years? ›

If you lock into a five-year fixed rate mortgage rather than a two or three-year fix, you will have certainty for longer and will be protected from potential future mortgage rate increases. The flip-side is that, if mortgage rates continue to fall, you will be stuck paying a higher rate.

View Details ›

What are the disadvantages of a fixed rate bond? ›

Fixed rate bonds or fixed rate savings accounts may not offer instant access to your cash. You might face a penalty if you want to close a fixed rate bond early. However, this can differ between providers. It's best to check the T&Cs with your provider first.

Are I bonds a good 5 year investment? ›

“With I bonds, your principal is protected and safe. However, if you cash the bond out before five years, then you will lose up to the last three months of accrued interest. So you can't lose what you put in, but you can lose earned interest,” Boxenbaum said.

Learn More ›

How often do 5 year Treasury bonds pay interest? ›

Bonds and Notes

Notes are relatively short or medium-term securities that mature in 2, 3, 5, 7, or 10 years. Both bonds and notes pay interest every six months.

Discover More Details ›