What interest rate does the Charity Bank 5 Year Fixed Rate Account pay?

The Charity Bank 5 Year Fixed Rate Account pays 4.06% AER, fixed for 5 years.

How much interest could I earn?

Saving £10,000 for 5 years would earn about £2,202 at 4.06% AER. This assumes the rate stays the same and interest stays in the account.

How much can I pay in?

You can deposit at least £5,000 and up to £500,000.

Can I withdraw my money?

No. Your money is locked in until the fixed term ends, so only put in what you won't need before then.

When is interest paid?

Interest is paid on each anniversary of opening.

Who can open this account?

New and existing Charity Bank customers can open it. You can open it online or by post.

Is my money protected?

Yes. Eligible deposits are protected by the Financial Services Compensation Scheme (FSCS) up to £120,000 per person, per banking licence.

How does it compare with other five-year fixed rate bonds?

At 4.06% AER it ranks 39th of 42 five-year fixed rate bonds we track. The best pays 5.37% and the average is 4.76%.

Charity Bank 5 Year Fixed Rate Account Review: 4.06% AER (Oct 2026)

Protection

FSCS£120,000

Min balance

£5,000

Max balance

£500,000

Access

At maturity only

Interest paid

Anniversary

How It Stacks Up

Ranks 39th of 42

5-year fixed bonds we track

Well below average

This account 4.06%

UK CPI (Aug 2026): 3.10%; Pays 0.96% more
Average 5-year fixed: 4.76%; Pays 0.70% less
Best 5-year fixed: 5.37%; Pays 1.31% 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 £5,000 to open it

Good to Know

For individuals aged 16+ who are permanently resident in the UK (listing also says only liable to pay tax in the UK); sole or joint (max two). Interest paid gross. Deposits over £500,000 by arrangement. At maturity, if no instructions, funds move to an Ethical 33-Day Notice account. Your money funds loans to charities and social enterprises.

Please verify all details with the provider – see our Disclaimer

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Estimated returns with Charity Bank's Fixed Rate

What you could earn with Charity Bank's 5 Year Fixed Rate Account.

Estimated interest

£5,000 saved

£1,101

At 4.06% AER

£10,000 saved

£2,202

At 4.06% AER

£50,000 saved

£11,008

At 4.06% AER

£500,000 saved

£110,083

At 4.06% 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.

Charity Bank 5 Year Fixed Rate Account Review

How It Stacks Up

A Good Fit For

Worth Weighing Up

Good to Know

Estimated returns with Charity Bank's Fixed Rate

2 alternatives to Charity Bank's 5 Year Fixed Rate Account3 alternatives to Charity Bank's 5 Year Fixed Rate Account

Common questions about the 5 Year Fixed Rate Account

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