Fixed Rate Business Bonds

A business savings bond is a type of account available to businesses who wish to lock away spare funds for a set time. You can’t withdraw from this account until the end of the fixed term.

A fixed rate bond may be the ideal account for your business if you can commit to setting money aside for a specific period, such as financial obligations you know you will have to meet in a year or more.

Consider whether locking away funds for an extended period is the right option for your business. If you can set aside a lump sum for an extended period, you could enjoy competitive business bond interest rates.

If you’re looking for a more accessible account that allows withdrawals whenever you need, an easy access account could be a more suitable choice. If you know when your business will require funds in advance, you may prefer a business savings notice account and earn a competitive rate by agreeing to a set notice period.

Whether a fixed rate business bond is the best option will depend on your circumstances and savings goals. But some of the benefits include:

• Your interest rate is fixed, so you know what return you’ll get on your investment.
• You’ll typically get a higher rate of interest than you would with a notice or easy access savings account.

You can reinvest or move your funds at the end of the fixed rate term.

You can add more money to your account as long as the product is still open for funding, up to the maximum deposit amount.

If your bond is removed from sale (we'll do this when we have new rates), you'll usually have seven days from removal to add any more funds to your account.

You can check if a product is withdrawn by checking our savings documentation page and checking the withdrawn product list.

How to make a deposit into your account.

As the interest rate is fixed, this won’t change over the term of the account.