What interest rate does the Cynergy Bank 5 Year Fixed Rate Bond pay?

The Cynergy Bank 5 Year Fixed Rate Bond pays 4.20% AER, fixed for 5 years.

How much interest could I earn?

Saving £10,000 for 5 years would earn about £2,284 at 4.20% 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 £1,000 and up to £1,000,000.

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.

Who can open this account?

New and existing Cynergy Bank customers can open it.

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 4.20% AER it ranks 34th of 38 five-year fixed rate bonds we track. The best pays 5.35% and the average is 4.74%.

Dashboard

Fixed Rate

Cynergy Bank 5 Year Fixed Rate Bond Review

A five-year fixed rate bond from Cynergy Bank, with a £1,000 minimum deposit. It ranks 34th of 38 five-year fixed rate bonds we track.

Rate checked Oct 2026Got this account? Leave a review

Fixed rate · 5 years

4.20%AER

Rate checked Oct 2026Got this account? Leave a review

Protection

FSCS£120,000

Min balance

£1,000

Max balance

£1,000,000

Access

At maturity only

Interest paid

Annually

How It Stacks Up

Ranks 34th of 38

5-year fixed bonds we track

Well below average

This account 4.20%

UK CPI (Aug 2026): 3.10%; Pays 1.10% more
Average 5-year fixed: 4.74%; Pays 0.54% less
Best 5-year fixed: 5.35%; Pays 1.15% 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

Open online to UK tax residents aged 18+; minimum deposit £1,000, maximum £1,000,000. Existing customers can apply via Fast Track in Online Banking.

Please verify all details with the provider – see our Disclaimer

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Estimated returns with Cynergy Bank's Fixed Rate

What you could earn with Cynergy Bank's 5 Year Fixed Rate Bond.

Estimated interest

£1,000 saved

£228

At 4.2% AER

£5,000 saved

£1,142

At 4.2% AER

£10,000 saved

£2,284

At 4.2% AER

£1,000,000 saved

£228,397

At 4.2% 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.

Compare Fixed Rate Bonds

2 alternatives to Cynergy Bank's 5 Year Fixed Rate Bond3 alternatives to Cynergy Bank's 5 Year Fixed Rate Bond

Same type of account, closest on rate.

Common questions about the 5 Year Fixed Rate Bond

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4.20% AER

4.75%

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Cynergy Bank 5 Year Fixed Rate Bond Review

How It Stacks Up

A Good Fit For

Worth Weighing Up

Good to Know

Estimated returns with Cynergy Bank's Fixed Rate

2 alternatives to Cynergy Bank's 5 Year Fixed Rate Bond3 alternatives to Cynergy Bank's 5 Year Fixed Rate Bond

Common questions about the 5 Year Fixed Rate Bond

What interest rate does the Cynergy Bank 5 Year Fixed Rate Bond pay?

How much interest could I earn?

How much can I pay in?

Can I withdraw my money?

When is interest paid?

Who can open this account?

Is my money protected?

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

Easy Access rate just dropped

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