What interest rate does the Metro Bank Fixed Term Savings 3 Year pay?

The Metro Bank Fixed Term Savings 3 Year pays 3.75% AER, fixed for 3 years.

How much interest could I earn?

Saving £10,000 for 3 years would earn about £1,168 at 3.75% 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 three-year fixed rate bonds?

At 3.75% AER it ranks 46th of 46 three-year fixed rate bonds we track. The best pays 5.18% and the average is 4.66%.

Dashboard

Fixed Rate

Metro Bank Fixed Term Savings 3 Year Review

A three-year fixed rate bond from Metro Bank. It ranks 46th of 46 three-year fixed rate bonds we track.

Rate checked Oct 2026Got this account? Leave a review

Fixed rate · 3 years

3.75%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 46th of 46

3-year fixed bonds we track

Well below average

This account 3.75%

UK CPI (Aug 2026): 3.10%; Pays 0.65% more
Average 3-year fixed: 4.66%; Pays 0.91% less
Best 3-year fixed: 5.18%; Pays 1.43% 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 3 years

Good to Know

Open to UK residents aged 16+ (18+ to apply online); minimum deposit £500, maximum £2m. Existing customers can apply via Online Banking or the app; new customers can apply online or in store.

Please verify all details with the provider – see our Disclaimer

See all Metro Bank accounts

Estimated returns with Metro Bank's Fixed Rate

What you could earn with Metro Bank's Fixed Term Savings 3 Year.

Estimated interest

£1,000 saved

£117

At 3.75% AER

£5,000 saved

£584

At 3.75% AER

£10,000 saved

£1,168

At 3.75% AER

£50,000 saved

£5,839

At 3.75% AER

Estimated over the 36-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 3 Year

Jonny PeaseCo-Founder, DepositScout

Metro Bank's three-year fix pays 3.75%, which sits below the market average for fixed-rate accounts and 1.60% behind the category leader at 5.35%. It does beat August 2026 CPI of 3.1% by 0.65%, so your money grows in real terms, but savers willing to shop around can do considerably better - Afin Bank's 3-Year Fixed Term Account pays 4.86% for the same commitment. The main catch is that early closure is not permitted after the 14-day cooling-off period, so this suits someone certain they can lock away at least £500 for the full three years.

Compare Fixed Rate Bonds

2 alternatives to Metro Bank's Fixed Term Savings 3 Year3 alternatives to Metro Bank's Fixed Term Savings 3 Year

Same type of account, closest on rate.

Common questions about the Fixed Term Savings 3 Year

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Nationwide FlexSaver Rate Down

4.20% AER

4.75%

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