Fixed Rate

Afin Bank 5-Year Fixed Term Account Review

A five-year fixed rate bond from Afin Bank, with a £1,000 minimum deposit. It ranks 17th of 38 five-year fixed rate bonds we track.

Fixed rate · 5 years

4.83%AER

Rate checked Oct 2026Got this account? Leave a review

Protection

FSCS£120,000

Min balance

£1,000

Max balance

£200,000

Access

At maturity only

Interest paid

Annually

How It Stacks Up

Ranks 17th of 38

5-year fixed bonds we track

Just above average
This account 4.83%
UK CPI (Aug 2026)
3.10%
Pays 1.73% more
Average 5-year fixed
4.74%
Pays 0.09% more
Best 5-year fixed
5.35%
Pays 0.52% less

Inflation: ONS. Averages and best rates: accounts on DepositScout.

Compare fixed bonds

A Good Fit For

  • Pro: New and existing savers

Worth Weighing Up

  • Con: Your money is locked in for 5 years
  • Con: You need at least £1,000 to open it

Good to Know

You can choose to have interest paid into your Savings Account or Nominated Bank Account.

Please verify all details with the provider – see our Disclaimer

See all Afin Bank accounts

Estimated returns with Afin Bank's Fixed Rate

What you could earn with Afin Bank's 5-Year Fixed Term Account.

Estimated interest

£1,000 saved

£266

At 4.83% AER

£5,000 saved

£1,330

At 4.83% AER

£10,000 saved

£2,660

At 4.83% AER

£200,000 saved

£53,197

At 4.83% AER

Estimated over the 60-month term, if the rate stays the same and interest is left in. Amounts outside the account's minimum or maximum aren't shown.

Work out the tax on your interestSee how much of this interest could be taxed.

Our Expert Opinion on Afin Bank 5-Year Fixed Term Account

Jan WatermannCo-Founder, DepositScout

Afin Bank's 5-Year Fixed Term Account pays 4.83%, which does beat August 2026 CPI of 3.1% by 1.73%, but the rate sits below the market average for fixed-rate accounts and 0.52% behind the current leader at 5.35%. For five years with no access until maturity, I would want more than this, and Chetwood Bank's 5 Year Fixed Rate Savings at 5.20% is worth a look before committing. The £1,000 minimum is low, but the £200,000 cap suits most savers.

2 alternatives to Afin Bank's 5-Year Fixed Term Account

Same type of account, closest on rate.

Common questions about the 5-Year Fixed Term Account

D

DepositScout Alerts

2 minutes ago

Easy Access rate just dropped

A top provider just cut their rate. Here's what you need to know about the latest market shift.

Nationwide FlexSaver Rate Down
4.20% AER
4.75%
View Best Rates
Live Market Tracking

Be the first to know when this Afin Bank rate drops.

Join 1,000+ savers using DepositScout who get instant email alerts when top UK savings rates change. Never miss out on a better deal again.

Takes 30 seconds · No spam · Unsubscribe any time