Fixed Rate from Close Brothers Savings
Protection
FSCS
Up to £120,000
Min balance
£10,000
Max balance
£2,000,000
Access
No access until maturity
Interest paid
Annually/
On maturity
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Want to know how much interest you will receive with Close Brothers Savings's 3 Year Fixed Rate Bond?
Estimated interest
£10,000 saved
£1,593
At 5.05% AER
£50,000 saved
£7,964
At 5.05% AER
£2,000,000 saved
£318,559
At 5.05% AER
Estimated over the 36-month term, assuming the rate stays the same and interest stays in the account. Amounts outside this account's minimum or maximum balance are left out.
Close Brothers Savings pays 5.05% on this three-year fixed bond, which suits savers who have at least £10,000 sitting idle and are confident they won't need it for the full three years. The key catch is that there are no withdrawals before maturity and no cooling-off period, so once your money is in, it is locked away completely. Interest is calculated daily but not compounded, and it is paid annually into your nominated bank account rather than rolled up, which is worth factoring in if you were hoping for compounding growth. If you want a marginally higher rate, GB Bank's 3 Year Fixed Rate Bond at 5.10% is worth a look.
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