Compare the best 6-month fixed-rate bonds

Discover all you need to know about 6-month fixed-rate bonds and compare accounts with interest rates up to 5.25% AER.

FSCS logo
Is my money safe?

The Financial Services Compensation Scheme (FSCS) guarantees that it will step in to compensate the first £85,000 (£170,000 for a joint account) you have saved with a UK-authorised bank, building society or credit union in the event that the business goes bust.

Compare 6-month fixed-rate bonds

Table: sorted by interest rate, promoted deals first
£
Name Product Interest rate Invest Deposit protection Open via Incentive Apply link Return
National Bank of Egypt (UK) Limited – Raisin UK - 6 Month Fixed Term Deposit
National Bank of Egypt (UK) Limited – Raisin UK - 6 Month Fixed Term Deposit
5.01% AER fixed for 182 days
£10,000 - £85,000
FSCS logo
protected
Open via: website, mobile app
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View details
N/A
Brown Shipley – Raisin UK - 6 Month Fixed Term Deposit
Brown Shipley – Raisin UK - 6 Month Fixed Term Deposit
4.96% AER fixed for 182 days
£1,000 - £85,000
FSCS logo
protected
Open via: website, mobile app
Go to site
View details
£4,098
at maturity
QIB (UK) – Raisin UK - 6 Month Fixed Term Deposit
QIB (UK) – Raisin UK - 6 Month Fixed Term Deposit
4.6% AER fixed for 182 days
£1,000 - £85,000
FSCS logo
protected
Open via: website, mobile app
Go to site
View details
£4,090.97
at maturity
Isbank – Raisin UK - 6 Month Fixed Term Deposit
Isbank – Raisin UK - 6 Month Fixed Term Deposit
4.5% AER fixed for 182 days
£1,000 - £85,000
FSCS logo
protected
Open via: website, mobile app
Go to site
View details
£4,089.01
at maturity
Atom Bank – 6 Month Fixed Saver
5.25% AER fixed for 182 days
£50 - £100,000
FSCS logo
protected
Open via: mobile app
Go to site
View details
£4,103.66
at maturity
Atom Bank – 6 Month Fixed Saver
5.25% AER fixed for 182 days
£50 - £100,000
FSCS logo
protected
Open via: mobile app
Go to site
View details
£4,103.66
at maturity
Allica Bank – 6-Month Fixed Term Savings Account (Issue 29)
Allica Bank – 6-Month Fixed Term Savings Account (Issue 29)
5.25% AER fixed for 182 days
£10,000 - £250,000
FSCS logo
protected
Open via: website
Go to site
View details
N/A
Gatehouse Bank – 6 Month Fixed Term Woodland Saver
OFFER
Gatehouse Bank – 6 Month Fixed Term Woodland Saver
5.22% AER fixed for 182 days
£1,000 - £1,000,000
FSCS logo
protected
Open via: website
Green - Gatehouse Bank will plant a tree in a UK woodland when an account is opened and funded. Trees are planted in UK woodland projects certified by the UK Government’s Woodland Carbon Code.
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£4,103.07
at maturity
Gatehouse Bank – 6 Month Fixed Term Woodland Saver
OFFER
Gatehouse Bank – 6 Month Fixed Term Woodland Saver
5.22% AER fixed for 182 days
£1,000 - £1,000,000
FSCS logo
protected
Open via: website
Green - Gatehouse Bank will plant a tree in a UK woodland when an account is opened and funded. Trees are planted in UK woodland projects certified by the UK Government’s Woodland Carbon Code.
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View details
£4,103.07
at maturity
ICICI Bank UK – SuperSaver Bond
Additional account needed
ICICI Bank UK – SuperSaver Bond
5.21% AER fixed for 182 days
From £1,000
FSCS logo
protected
Open via: branch, website, telephone
Go to site
View details
£4,102.88
at maturity
ICICI Bank UK – SuperSaver Bond
Additional account needed
ICICI Bank UK – SuperSaver Bond
5.21% AER fixed for 182 days
From £1,000
FSCS logo
protected
Open via: branch, website, telephone
Go to site
View details
N/A
ICICI Bank UK – SuperSaver Bond
Additional account needed
ICICI Bank UK – SuperSaver Bond
5.21% AER fixed for 182 days
From £1,000
FSCS logo
protected
Open via: branch, website, telephone
Go to site
View details
N/A
Hampshire Trust Bank – 6 Month Bond (Issue 10)
5.18% AER fixed for 182 days
£1 - £250,000
FSCS logo
protected
Open via: website
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View details
£4,102.29
at maturity
Bank of London and The Middle East – Premier Deposit Account (Anticipated Profit Rate)
Additional account needed
Bank of London and The Middle East – Premier Deposit Account (Anticipated Profit Rate)
5.17% AER fixed for 182 days
£1,000 - £1,000,000
FSCS logo
protected
Open via: website
Go to site
View details
£4,102.10
at maturity
Cynergy Bank – Fixed Rate Bond
5.12% AER fixed for 182 days
£1,000 - £1,000,000
FSCS logo
protected
Open via: website
Go to site
View details
£4,101.12
at maturity
ICICI Bank UK – HiSAVE Fixed Rate Account
Additional account needed
ICICI Bank UK – HiSAVE Fixed Rate Account
5.11% AER fixed for 182 days
From £1,000
FSCS logo
protected
Open via: website
Go to site
View details
N/A
ICICI Bank UK – HiSAVE Fixed Rate Account
Additional account needed
ICICI Bank UK – HiSAVE Fixed Rate Account
5.11% AER fixed for 182 days
From £1,000
FSCS logo
protected
Open via: website
Go to site
View details
£4,100.93
at maturity
Zenith Bank (UK) Ltd – 6 Month Fixed Term Deposit
Zenith Bank (UK) Ltd – 6 Month Fixed Term Deposit
5.1% AER fixed for 182 days
£1,000 - £2,000,000
FSCS logo
protected
Open via: website
Go to site
View details
£4,100.73
at maturity
Monument Bank – 6 Month Fixed Term Deposit
5.07% AER fixed for 182 days
£25,000 - £400,000
FSCS logo
protected
Open via: mobile app
Go to site
View details
N/A
United Trust Bank – UTB 6 Month Bond
United Trust Bank – UTB 6 Month Bond
4.96% AER fixed for 182 days
£5,000 - £1,000,000
FSCS logo
protected
Open via: website
Go to site
View details
N/A
FCMB Bank (UK) – Raisin UK - 6 Month Fixed Term Deposit
FCMB Bank (UK) – Raisin UK - 6 Month Fixed Term Deposit
4.91% AER fixed for 182 days
£1,000 - £85,000
FSCS logo
protected
Open via: website, mobile app
Go to site
View details
£4,097.02
at maturity
Habib Bank Zurich plc – HBZ Fixed Rate eDeposit
Habib Bank Zurich plc – HBZ Fixed Rate eDeposit
4.9% AER fixed for 182 days
£5,000 - £1,000,000
FSCS logo
protected
Open via: website
Go to site
View details
N/A
Habib Bank Zurich plc – HBZ Sirat eDeposit (Fixed Term Account)
Habib Bank Zurich plc – HBZ Sirat eDeposit (Fixed Term Account)
4.9% AER fixed for 182 days
£5,000 - £1,000,000
FSCS logo
protected
Open via: website
Go to site
View details
N/A
Monzo Bank – Fixed Savings Pot (powered by Charter)
4.81% AER fixed for 182 days
£500 - £500,000
FSCS logo
protected
Open via: mobile app
Go to site
View details
£4,095.07
at maturity
Punjab National Bank (International) Limited – Fixed Term Deposit Account
Additional account needed
Punjab National Bank (International) Limited – Fixed Term Deposit Account
4.8% AER fixed for 182 days
From £1,000
FSCS logo
protected
Open via: branch, post
Go to site
View details
£4,094.87
at maturity
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Please note: This calculator provides estimations based on assumptions such as that you do not make withdrawals. You should always refer to the account provider for exact figures as they may vary from our results. Interest may be taxable.

If you’re looking to earn a higher return on your savings but you don’t want to lock away your funds for a lengthy amount of time, a 6-month fixed-rate bond could offer the perfect solution. Here, we explain how 6-month fixed-rate bonds work, along with their pros and cons.

How do 6-month fixed-rate bonds work?

If you open a 6-month fixed-rate bond, you’ll need to deposit a lump sum into the account and leave those funds untouched for the 6-month term. How much you need to deposit into the account varies depending on the provider – it could be £100, it could be £5,000. You won’t usually be able to top up these funds after your initial deposit.

You can’t typically make any withdrawals during the 6-month term, but in return you’ll receive a higher rate of interest compared to other savings accounts where you can access your money whenever required. What’s more, this interest rate will be fixed which means it won’t change during the term. After the 6 months is up, your account will mature and you’ll be able to withdraw your funds or have them transferred to another account.

Compared to a cash ISA’s you can generally open a bond account with a much larger sum (but the interest is taxable). If you’ve sold your house, say, and won’t need the resulting funds for at least 6-months, then this is a smart resting place. Stick to banks/building societies covered by the FSCS, and it’s an extremely safe option too.

Bonds with a 6-month term will generally pay a lower rate than 9-month (or longer) terms.

However, at the moment, you actually get a better rate on a 6-month bond than you can on a 1-year bond (5.25% vs 5.17%).

How to compare fixed-rate bonds

When comparing fixed-rate bonds there are a number of factors to consider:

  • The interest rate. Fixed-rate bonds offer fixed rates of interest which means the rate can’t suddenly drop during the term. Ideally, you’ll want to hunt out the bond with the highest rate.
  • The deposit size. Make sure you check exactly how much money you need to pay into the account at opening. Deposits can vary depending on the provider, but if your lump sum isn’t high enough, you’ll need to find an alternative account.
  • The option to add more funds. Fixed-rate bonds won’t usually allow you to add further funds once you’ve made your initial deposit. But some providers will accept additional deposits until the bond is removed from sale.
  • The penalty fee. Some fixed-rate bonds will simply refuse withdrawals. Others will charge a penalty fee if you access your funds early, so make sure you check.

Are fixed-rate bonds a good investment?

Provided you’re confident you won’t need to get at the funds, they’re likely to be more rewarding home for your savings than an instant access account.

The rate’s guaranteed, so you know in advance what your savings will be worth at the end of the term. And if you think that market interest rates generally are on the rise, then it’s probably smartest not to lock in for several years at today’s rate.

Make sure you keep part of your savings in an easy-access account.

Which are the best 6-month fixed-rate bonds at the moment?

Our best fixed-rate bonds are the highest interest rates available. To get the latest rates, we use Moneyfacts data, which covers nearly the full market of savings products and is checked and updated daily. We don’t include accounts from private banks.

All the fixed-rate bonds in our list have savings protection – for most, this is the Financial Services Compensation Scheme (FSCS). Other schemes include that of NS&I, which is 100% backed by HM Treasury, and the Gibraltar Deposit Guarantee Scheme.

  • Atom Bank – 6 Month Fixed Saver - 5.25%
  • Allica Bank – 6-Month Fixed Term Savings Account (Issue 29) - 5.25%
  • Gatehouse Bank – 6 Month Fixed Term Woodland Saver - 5.22%
  • ICICI Bank UK – SuperSaver Bond - 5.21%
  • Hampshire Trust Bank – 6 Month Bond (Issue 10) - 5.18%

An overview of our 6-month fixed-rate bonds comparison

Rates up to 5.25% AER
Number of accounts 36
Minimum investment £1
Maximum investment £2,000,000
Opening options Branch, website, mobile app, post, telephone

Pros and cons of 6-month fixed rate bonds

Pros

  • Earn a higher rate of interest compared to easy access accounts
  • Interest rate is fixed for the term of the bond
  • Ideal if you have a lump sum to invest
  • You’ll only be locking away your money for 6 months

Cons

  • No good if you need to access your money during the term
  • You won’t usually be able to add more money to the account
  • Interest rate will be lower compared to longer-term fixed-rate bonds

Bottom line

If you’re looking to earn a better rate of interest on your savings but you don’t want to lock away your funds for long, a 6-month fixed-rate bond could offer a good solution. Provided you have a lump sum to invest and you don’t need to access your funds for the 6-month term, a fixed-rate bond could work for you. Just make sure you check the terms and conditions of the account first.

Frequently asked questions

We show offers we can track - that's not every product on the market...yet. Unless we've said otherwise, products are in no particular order. The terms "best", "top", "cheap" (and variations of these) aren't ratings, though we always explain what's great about a product when we highlight it. This is subject to our terms of use. When you make major financial decisions, consider getting independent financial advice. Always consider your own circumstances when you compare products so you get what's right for you. Most of the data in Finder's comparison tables has the source: Moneyfacts Group PLC. In other cases, Finder has sourced data directly from providers.

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