Fixed Rate Bonds

Guidance

What is a Fixed Rate Bond?

A Fixed Rate Bond is a cash savings account that pays a fixed rate of interest for a set term – usually between six months and five years. Fixed Rate Bonds are designed for savings that you don't need access to during the fixed rate term.

The rate of interest you'll earn is agreed at the outset and is either paid annually or at the end of the term. You can't make regular savings into a Fixed Rate Bond and you can’t withdraw your money until the bond matures at the end of the fixed rate term.*

Why choose a Fixed Rate Bond?

If you’re looking to invest a lump sum and can afford to lock it away for a while, a Fixed Rate Bond could be perfect for you.

  • Choice - within limits, you can decide how much you want to save and for how long.
  • Competitive interest rates - rates for Fixed Rate Bonds are generally better than the rates you'll find with instant access savings accounts.
  • A way to save – you'll know exactly how much you'll earn on your savings, no matter what happens to interest rates generally.

What we offer at Lloyds TSB International

At Lloyds TSB International we refer to Fixed Rate Bonds as Fixed Term Deposits. Currently we offer Fixed Term Deposits in Sterling, US Dollar and Euro currencies. You can save between £10,000 and £5,000,000 in our Fixed Term Deposits.

Visit our Fixed Term Deposit section for more information.

We also offer other savings and investment products that may be suitable for you. These include:

  • International Bonus Saver Account – an instant access account which includes a bonus interest rate for the first 12 months
  • Structured Deposits – savings terms of up to 5 years with returns based on stock market performance
  • Offshore investment funds – invest from as little as £1,000 in a range of funds
  • Lifestyle Portfolios – managed portfolios designed to meet your investment needs in different circumstances and at different stages of your life

* Some providers may permit withdrawals in exceptional circumstances but will charge which means that customers may lose some of their deposited capital.

The value of shares and the income from them can go down as well as up and cannot be guaranteed. Consequently, on selling, investors may not get back the amount they originally invested.