Savings rates
Rates reviewed daily · last updated 2 October 2026
Savings rates
All rates AER · Updated October 2026
Rates shown are AER and correct as of October 2026.
Fixed Rate
| Account | AER | Term | Interest paid | Min Balance | |
|---|---|---|---|---|---|
| 5 Year Fixed Rate Bond | 5.34% | 5 Years | Annually | £10,000 | |
| 3 Year Fixed Rate Bond | 5.18% | 3 Years | Annually/On maturity | £10,000 | |
| 2 Year Fixed Rate Bond | 5.16% | 2 Years | Annually | £10,000 | |
| 1 Year Fixed Rate Bond | 5.12% | 1 Year | Annually | £10,000 |
Cash ISA
| Account | AER | Access | Transfers in | Min Balance | |
|---|---|---|---|---|---|
| 5 Year Fixed Rate Cash ISA | 5.12% | 5 Years | Accepted | £10,000 | |
| 3 Year Fixed Rate Cash ISA | 5.11% | 3 Years | Accepted | £10,000 | |
| 2 Year Fixed Rate Cash ISA | 5.05% | 2 Years | Accepted | £10,000 | |
| 1 Year Fixed Rate Cash ISA | 4.91% | 1 Year | Accepted | £10,000 |
Notice Account
| Account | AER | Notice period | Interest | Min Balance | |
|---|---|---|---|---|---|
| Notice Account | 4.10% | 95 Days | Variable | £10,000 |
Easy Access
| Account | AER | Access | Interest | Min Balance | |
|---|---|---|---|---|---|
| Easy Access Account | 3.85% | Instant | Variable | £10,000 |
Is Close Brothers Savings FSCS protected?
Yes — FSCS protected up to £120,000
Yes. Close Brothers Savings savings are FSCS protected up to £120,000 per person, per banking licence, under Close Brothers Limited.
Banking licence: Close Brothers Limited
Last checked against the FCA register on 5 October 2026.
See every brand that shares a banking licenceSwitch offers
Who they are
Close Brothers Savings is part of Close Brothers Group plc, a UK merchant banking group founded in 1878. The savings arm has been providing dedicated personal savings accounts to UK residents and businesses since 2008. The parent group is listed on the London Stock Exchange and is a constituent of the FTSE 250 Index.
It sits at the more traditional end of the market - a proper bank with real history behind it, not a fintech app. Personal customers can speak directly to a named member of their London-based customer services team over the phone, which sets it apart from most digital-only providers. Close Brothers Limited holds its own banking licence, which is not shared with any other bank. Your eligible deposits are protected up to £120,000 per person by the FSCS.
Savings accounts
Close Brothers keeps its range focused rather than sprawling. The current line-up covers easy access, notice, fixed-rate bonds and fixed-rate Cash ISAs - all with a £10,000 minimum deposit, so this is not the place for smaller balances.
The fixed-rate bonds are the headline act. Rates currently run from 5.12% AER on a 1 Year Fixed Rate Bond up to 5.34% AER on the 5 Year Fixed Rate Bond, with no access until maturity. If you want the tax shelter of an ISA wrapper, the fixed-rate Cash ISAs range from 4.91% AER over one year to 5.12% AER over five years. For those who need more flexibility, the Easy Access Account pays 3.85% AER (variable) and the Notice Account pays 4.10% AER (variable). None of these accounts include bonus rates, so the rate you see is the rate you get - there are no artificial cliffs to watch for.
Rates change over time, so always check the live figures shown on this page before applying.
Is it right for you?
Close Brothers suits savers who have a lump sum of at least £10,000 and want to deal with a long-established institution rather than a newer name. The fixed-rate bonds and ISAs are the main draw - competitive across the term range, with no bonus cliffs to watch out for. The easy access rate is more modest, so if instant-access returns are your priority, it is worth comparing elsewhere first.
There are no switch bonuses or cashback offers here. The appeal is straightforward rates, genuine banking heritage, and a customer service team you can actually speak to. If your balance sits below £10,000, or you need to drip money in gradually, another provider will serve you better - but for a lump-sum saver looking for a reliable fixed-rate home, Close Brothers is a solid option worth comparing.
This overview was generated by DepositScout's AI, Penny on 2 October 2026. It may contain inaccuracies — always confirm rates and terms with Close Brothers Savings directly. Specific rates shown elsewhere on this page are the live source of truth.
