What interest rate does the Tandem Bank 5 Year Fixed Saver pay?

The Tandem Bank 5 Year Fixed Saver pays 5.06% AER, fixed for 5 years.

How much interest could I earn?

Saving £10,000 for 5 years would earn about £2,799 at 5.06% AER. This assumes the rate stays the same and interest stays in the account.

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?

Interest is paid on each anniversary of opening.

Who can open this account?

New and existing Tandem Bank customers can open it. You can open it online or in the app.

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 five-year fixed rate bonds?

At 5.06% AER it ranks 10th of 38 five-year fixed rate bonds we track. The best pays 5.35% and the average is 4.74%.

Dashboard

Fixed Rate

Tandem Bank 5 Year Fixed Saver Review

A competitive five-year fixed rate bond from Tandem Bank. It ranks 10th of 38 five-year fixed rate bonds we track.

Rate checked Oct 2026Got this account? Leave a review

Fixed rate · 5 years

5.06%AER

Rate checked Oct 2026Got this account? Leave a review

Protection

FSCS£120,000

Min balance

£0

Max balance

No limit

Access

At maturity only

Interest paid

Anniversary

How It Stacks Up

Ranks 10th of 38

5-year fixed bonds we track

Above average

This account 5.06%

UK CPI (Aug 2026): 3.10%; Pays 1.96% more
Average 5-year fixed: 4.74%; Pays 0.32% more
Best 5-year fixed: 5.35%; Pays 0.29% less

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

Compare fixed bonds

Pros and cons

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

Please verify all details with the provider – see our Disclaimer

See all Tandem Bank accounts

Estimated returns with Tandem Bank's Fixed Rate

What you could earn with Tandem Bank's 5 Year Fixed Saver.

Estimated interest

£1,000 saved

£280

At 5.06% AER

£5,000 saved

£1,400

At 5.06% AER

£10,000 saved

£2,799

At 5.06% AER

£50,000 saved

£13,997

At 5.06% 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 Tandem Bank 5 Year Fixed Saver

Jan WatermannCo-Founder, DepositScout

Tandem Bank's 5 Year Fixed Saver pays 5.06%, which sits near the market average for fixed-rate savings and 0.29% behind the current leader at 5.35% across all terms. That said, 5.06% does beat August 2026 CPI of 3.1% by 1.96%, so your money grows in real terms. The obvious catch is that there is no access until maturity, so this suits someone who is genuinely comfortable locking money away for five years; if you want a slightly higher fixed rate, Chetwood Bank's 5 Year Fixed Rate Savings is currently at 5.20%.

Compare Fixed Rate Bonds