Fixed Rate Bond

3.15% AER

Rate above is for the three year Fixed Rate Bond term. Other terms and rates are available (including loyalty rates for maturing bonds).


  • A choice of 1, 2 and 3 year fixed terms.
  • Competitive interest rates.
  • Fixed rate of interest guaranteed for the term of your bond.
  • Interest to be paid annually into your bond.

Keep in mind

  • Minimum deposit is £10,000.
  • Maximum deposit is £1,000,000.
  • Most eligible deposits are protected up to £85,000 by the UK Financial Services Compensation Scheme.
  • To access your account online you will need to use an Authentication device. Please see here for more details.
  • Loyalty rates are now only available for maturing bonds and will no longer apply on newly opened Bond accounts.

How to apply

  • Apply online
  • Fund your account within the funding window

Apply in just 10 minutes

Please read the Conditions and Summary Box below before you apply to ensure you understand the features and conditions of the account.

Summary Box and Key Product Information

What is the interest rate?

Interest rates
  Advertised ratesFixed
Term Gross AER

1 year


2.72% 2.72%

2 years


3.08% 3.08%

3 years

3.15% 3.15%

Interest is calculated daily, beginning on the first Working Day following account opening, based on the cleared balance in your account. Interest is paid annually and is added to the account balance.

For loyalty rates offered at maturity for existing Fixed Rate Bond accounts opened before March 2022 please see our Bond Maturity page here.

Can Cynergy Bank change the interest rate?

  • No. The interest rate is fixed for the term of the Fixed Rate Bond.

What would the estimated balance be at maturity based on a £10,000 deposit?

Interest rates
Term Advertised Rate Gross
1 year £10,272.00
2 years £10,625.49
3 years £10,975.08

The estimated balances are based on £10,000 being deposited into your account on the first day of your account opening. They are provided for illustrative purposes only and do not take into account a customer’s individual circumstances.
Please note, the estimated balances assume interest will be added to the account balance on an annual basis. 

How do I open and manage my account?

  • Personal customers who are 18 or over and a UK resident can open a Fixed Rate Bond online. 
  • The minimum initial deposit is £10,000.
  • The maximum deposit is £1 million.
  • You must make any deposits into your account within 14 days from your account opening date. Any deposits after the end of the funding window will not be accepted and will be returned to your nominated account. 
  • If you change your mind, you have 14 days from the date your Fixed Rate Bond is opened in which to cancel it. Within these 14 days you do not need to provide any reason for cancellation. To cancel your account, you can go to your Online Banking and select to withdraw and close your account. 
  • You can use Online Banking to manage your account.
  • For added security, when you use Online Banking, you’ll need to download and register our Authenticator App (available for free on Google Play or the Apple App Store) or request a Digipass® from the Customer Services team.
  • You will need access to the Authenticator App or Digipass® every time you login and make any actions on your account. This added security step helps us know that it is you making the transaction so we can keep your account safe. For more information about Authentication and guidance help, please see our guidance pages here.
  • You may contact us by Secure Message via Online Banking, by telephone or in writing using the address or other contact details we have given you or which appear on our website. Please note we are unable to take transaction requests through these channels.

Can I withdraw money?

  • No. Withdrawals are not permitted before the end of the term, unless in exceptional circumstances. Please read the Conditions and Summary Box before you apply to ensure you understand the features and conditions of the account.

Additional Information

  • You cannot transfer or assign the Fixed Rate Bond to anyone else. 
  • Interest will be paid without the deduction of tax. Individuals may have tax to pay on any interest received that exceeds their Personal Savings Allowance. Further information on the Personal Savings Allowance can be found at
  • The tax treatment and the rate of interest payable depend on individual circumstances and may be subject to change in the future.
  • AER stands for Annual Equivalent Rate and illustrates what the interest rate would be if interest was paid and compounded once each year. Gross interest is the contractual rate of interest before the deduction of income tax.

The contents of this Summary Box are intended as a summary of the main features only and should be read alongside the relevant conditions.

Please note the summary above applies to Fixed Rate Bonds opened after April 2022. 

Apply in just 10 minutes

Please read the Conditions and Summary Box below before you apply to ensure you understand the features and conditions of the account.


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