What interest rate does the Metro Bank Fixed Term Savings 18 Month pay?

The Metro Bank Fixed Term Savings 18 Month pays 3.70% AER, fixed for 18 months.

How much interest could I earn?

Saving £10,000 for 18 months would earn about £560 at 3.70% 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 £500.

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?

You can choose to have interest paid monthly, annually or at the end of the term.

Who can open this account?

New and existing Metro 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 18-month fixed rate bonds?

At 3.70% AER it ranks 15th of 15 18-month fixed rate bonds we track. The best pays 5.12% and the average is 4.62%.

Dashboard

Fixed Rate

Metro Bank Fixed Term Savings 18 Month Review

An 18-month fixed rate bond from Metro Bank. It ranks 15th of 15 18-month fixed rate bonds we track.

Rate checked Oct 2026Got this account? Leave a review

Fixed rate · 18 months

3.70%AER

Rate checked Oct 2026Got this account? Leave a review

Protection

FSCS£120,000

Min balance

£500

Max balance

No limit

Access

At maturity only

Interest paid

Monthly/Annually/On maturity

How It Stacks Up

Ranks 15th of 15

18-month fixed bonds we track

Well below average

This account 3.70%

UK CPI (Aug 2026): 3.10%; Pays 0.60% more
Average 18-month fixed: 4.62%; Pays 0.92% less
Best 18-month fixed: 5.12%; Pays 1.42% less

Inflation: ONS. Averages and best rates: accounts on DepositScout.

Compare fixed bonds

A Good Fit For

Pro: New and existing savers
Pro: Savers who want a monthly income

Worth Weighing Up

Con: Your money is locked in for 18 months

Good to Know

Open to UK residents aged 16+ (18+ to apply online); minimum deposit £500, maximum £2m. The 18-month term can be opened online or via the app; in-store applicants need a separate Metro Bank account to receive interest payments.

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Estimated returns with Metro Bank's Fixed Rate

What you could earn with Metro Bank's Fixed Term Savings 18 Month.

Estimated interest

£1,000 saved

£56.01

At 3.7% AER

£5,000 saved

£280

At 3.7% AER

£10,000 saved

£560

At 3.7% AER

£50,000 saved

£2,801

At 3.7% AER

Estimated over the 18-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 Metro Bank Fixed Term Savings 18 Month

Jan WatermannCo-Founder, DepositScout

Metro Bank's 18-month fixed rate comes in at 3.70%, which sits below the market average for fixed-rate accounts and 1.65% behind the category leader at 5.35%. It does beat August 2026 CPI of 3.1% by 0.60%, so your money grows in real terms, but savers who shop around can do considerably better - Chetwood Bank, for instance, offers 4.90% over the same 18-month term. The minimum is a modest £500, though the real catch here is the usual one for fixed bonds: no access at all until maturity once the 14-day cooling-off window closes.

Compare Fixed Rate Bonds