What interest rate does the Santander 3 Year Fixed Term Saver pay?

The Santander 3 Year Fixed Term Saver pays 4.70% AER, fixed for 3 years.

How much interest could I earn?

Saving £10,000 for 3 years would earn about £1,477 at 4.70% 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 and up to £2,000,000.

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.

When is interest paid?

You can choose to have interest paid monthly or annually.

Who can open this account?

New and existing Santander customers can open it. You can open it online, in branch, in the app or by phone.

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 4.70% AER it ranks 22nd of 46 three-year fixed rate bonds we track. The best pays 5.18% and the average is 4.66%.

Santander 3 Year Fixed Term Saver Review: 4.70% AER (Oct 2026)

Protection

FSCS£120,000

Min balance

£500

Max balance

£2,000,000

Access

At maturity only

Interest paid

Monthly/Annually

Santander is also paying £240 to switch your current account. Offer ends 7 October 2026.

See the switch offer

How It Stacks Up

Ranks 22nd of 46

3-year fixed bonds we track

Just above average

This account 4.70%

UK CPI (Aug 2026): 3.10%; Pays 1.60% more
Average 3-year fixed: 4.66%; About the same
Best 3-year fixed: 5.18%; Pays 0.48% less

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

Compare fixed bonds

How Interest Is Paid

You choose how often interest is paid: annually or monthly. You earn the same 4.40% AER either way.

Paid annually

4.40%AER

Paid monthly

4.40%AER

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

No withdrawals or closures are permitted during the term, except in exceptional circumstances such as the death of an account holder.

Please verify all details with the provider – see our Disclaimer

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Estimated returns with Santander's Fixed Rate

What you could earn with Santander's 3 Year Fixed Term Saver.

Estimated interest

£1,000 saved

£148

At 4.7% AER

£5,000 saved

£739

At 4.7% AER

£10,000 saved

£1,477

At 4.7% AER

£2,000,000 saved

£295,462

At 4.7% 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.

Santander 3 Year Fixed Term Saver Review

How It Stacks Up

How Interest Is Paid

A Good Fit For

Worth Weighing Up

Good to Know

Estimated returns with Santander's Fixed Rate

Our Expert Opinion on Santander 3 Year Fixed Term Saver

2 alternatives to Santander's 3 Year Fixed Term Saver3 alternatives to Santander's 3 Year Fixed Term Saver

Common questions about the 3 Year Fixed Term Saver

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