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Fixed Rate Bonds

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Invest for the future and benefit from the higher interest rates that locking away your money or making lump sum investments can bring. View the Fixed Rate Bonds currently available below, which can be opened in any one of our branches.

If you're planning on visiting a branch to open a savings account, please phone the branch before you visit to check if an appointment will be required. Branch telephone numbers can be found on our 'Find a Branch' page.

Product type

Access

No withdrawals, early closure or further deposits prior to maturity

Min. opening balance

£5,000

Rates up to

4.10% gross p.a./AER fixed

Product details

Rate shown from £5,000. Maturity on 31 October 2026.

More details

A Fixed Rate Bond is a type of savings account that guarantees a set rate of interest for a fixed period. In exchange for agreeing to not withdraw your money during the term, you may receive a higher interest rate than you would with a savings account that allows regular withdrawals.

Interest earned in a Fixed Rate Bond is taxable. However, whether you pay tax (and how much) depends on the amount of interest earned on funds held across all non-ISA accounts during the tax year. Basic rate taxpayers can earn up to £1,000 in interest before they would be required to pay any interest. For higher rate taxpayers, the limit is £500. More information about the personal savings allowance can be found on the GOV.UK website (External).

Yes, you can open and save into both a Fixed Rate Bond and an ISA. The interest earned in a bond forms part of your personal savings allowance, whereas ISAs come with their own separate allowance. Take a look at our ISA allowance guide for more information.

Yes, you can usually open a Fixed Rate Bond as a joint account with a maximum of two names. With a joint account, the interest is split between the two account holders. More information about the personal savings allowance and joint savings accounts can be found on the GOV.UK website (External).

If you’re planning to open a joint Fixed Rate Bond, be sure to check the terms and conditions to ensure that the account selected is eligible to be opened jointly.

There’s no limit to how many bonds you can have. Whilst you cannot add funds to a Fixed Rate Bond after it’s been opened, you can open a new one if you have another lump sum to save.

We’ll contact you with your maturity notice at least 14 days before the maturity of your Fixed Rate Bond to explain the options available to you.

Opening an account

Opening an account

A young couple in their home opening a savings account with the Marsden from their tablet.

Here's how you can easily open a building society account with us. 

Find out more
Savings FAQs

Savings FAQs

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We've answered some frequently asked questions about saving with the Marsden. 

Savings FAQs
Savings jargon buster

Savings jargon buster

Man sat at table with a laptop and reading paper

Our jargon buster breaks down some of the most common savings terms and abbreviations.

Savings jargon
Smiling Marsden colleague on hand to help customers

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We want to provide the best service possible, so if you have any questions, get in touch. You can contact us by phone, visit us in branch or email us – we’ll be happy to help.

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