Fixed Rate

Hinckley & Rugby Building Society Fixed Rate Bond Review

A competitive two-year fixed rate bond from Hinckley & Rugby Building Society, running for 27 months, with a £1,000 minimum deposit. It ranks 18th of 71 two-year fixed rate bonds we track.

Fixed rate · 27 months

4.89%AER

Rate checked Oct 2026Got this account? Leave a review

Protection

FSCS£120,000

Min balance

£1,000

Max balance

£500,000

Access

At maturity only

Interest paid

Annually

How It Stacks Up

Ranks 18th of 71

2-year fixed bonds we track

Above average
This account 4.89%
UK CPI (Aug 2026)
3.10%
Pays 1.79% more
Average 2-year fixed
4.63%
Pays 0.26% more
Best 2-year fixed
5.20%
Pays 0.31% 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 27 months
  • Con: You need at least £1,000 to open it

Good to Know

UK permanent and tax residents only. Lump sum: opening deposit must arrive within 5 business days and no additions after that. £500,000 maximum across all your Hinckley & Rugby savings. On 1 February 2029 it becomes an Easy Access account unless you give other instructions.

Please verify all details with the provider – see our Disclaimer

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Estimated returns with Hinckley & Rugby Building Society's Fixed Rate

What you could earn with Hinckley & Rugby Building Society's Fixed Rate Bond.

Estimated interest

£1,000 saved

£113

At 4.89% AER

£5,000 saved

£567

At 4.89% AER

£10,000 saved

£1,134

At 4.89% AER

£500,000 saved

£56,701

At 4.89% AER

Estimated over the 27-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 Hinckley & Rugby Building Society Fixed Rate Bond

Jan WatermannCo-Founder, DepositScout

Hinckley & Rugby Building Society's Fixed Rate Bond pays 4.89% until 31 January 2029, which puts it near the market average for fixed-rate accounts but 0.48% behind the category leader at 5.37%, so it is not the sharpest option available. It does beat inflation by 1.79% against a CPI of 3.1%, which is the real point of locking money away. The genuine catch is that no withdrawals or additions are permitted until maturity, so this suits savers who are confident they will not need access to between £1,000 and £500,000 for the full term.

Compare Fixed Rate Bonds

2 alternatives to Hinckley & Rugby Building Society's Fixed Rate Bond

Same type of account, closest on rate.

Common questions about the Fixed Rate Bond

D

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