Fixed RateCompare 5 Year Fixed Rate Bonds

Progressive Building Society 5 Year Fixed Rate Bond Review

A five-year fixed rate bond from Progressive Building Society. It ranks 37th of 39 five-year fixed rate bonds we track.

Fixed rate · 5 years

4.00%AER

Rate checked Oct 2026Got this account? Leave a review

Protection

FSCS£120,000

Min balance

£1

Max balance

£5,000,000

Access

At maturity only

Interest paid

Yearly

How It Stacks Up

Ranks 37th of 39

5-year fixed bonds we track

Well below average
This account 4.00%
UK CPI (Aug 2026)
3.10%
Pays 0.90% more
Average 5-year fixed
4.79%
Pays 0.79% less
Best 5-year fixed
5.37%
Pays 1.37% less

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

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Pros and cons

  • Pro: New and existing savers
  • Con: Your money is locked in for 5 years

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Estimated returns with Progressive Building Society's Fixed Rate

What you could earn with Progressive Building Society's 5 Year Fixed Rate Bond.

Estimated interest

£1,000 saved

£217

At 4% AER

£5,000 saved

£1,083

At 4% AER

£10,000 saved

£2,167

At 4% AER

£5,000,000 saved

£1,083,265

At 4% 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.

Our Expert Opinion on Progressive Building Society 5 Year Fixed Rate Bond

Jonny PeaseCo-Founder, DepositScout

Progressive Building Society's 5 Year Fixed Rate Bond pays 4.00%, which sits below the market average for fixed-rate accounts and 1.37% behind the current market leader at 5.37%. The rate does beat CPI inflation of 3.1% by 0.90%, so your money grows in real terms, but the gap to alternatives is hard to ignore. If you want a five-year fix, Skipton Building Society's 5 Year Fixed Rate Bond is available at 5.00%, or Afin Bank offers 4.83%. The real catch here is that your money is locked away with no access until maturity, so that commitment deserves a better rate.

Compare Fixed Rate Bonds

2 alternatives to Progressive Building Society'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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