Fixed Rate Bond

1.50% AER

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


  • 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.

Keep in mind

How to apply

  • Apply online

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 Loyalty ratesFixed
Term Gross AER Gross AER
1 year 1.22%


1.23% 1.23%
2 years 1.41% 1.41% 1.42% 1.42%
3 years 1.50% 1.50% 1.51% 1.51%

If you have been a customer for six months or more, you automatically receive our loyalty rate when you deposit or reinvest in an eligible product.

  • Interest is calculated daily on the cleared balance in your account.
  • Interest is paid annually through the course of the bond term, on the anniversary of account opening (or the next working day) and will be paid out into your nominated account.
  • On maturity of the bond, please inform us if you would like the final years’ interest to be paid into the new Bond.

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 after 12 months, based on a £10,000 deposit?

Interest rates
Term Advertised Rate Gross Loyalty Rate Gross
1 year £10,122.00


2 years £10,141.00 £10,142.00
3 years £10,150.00 £10,151.00

The estimated balances are based on interest being paid away each year and assume no further deposits or withdrawals are made. They are provided for illustrative purposes only and do not take into account a customer’s individual circumstances.

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 (or higher at our discretion, please contact us).
  • 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, just give notice by phone, online banking secure message or post and we will return the full balance plus any accrued interest to you. Cancellation requests cannot be accepted by email.
  • You can manage your account in the following ways: online, post,  or over the phone.
  • You can use Online Banking to manage your account and make withdrawals.
  • 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®.
  • 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.

Can I withdraw money?

  • Following the 14 day cancellation period, other than in ‘exceptional circumstances’ you cannot cancel or make a withdrawal from the Fixed Rate Bond before the end of the term. Please see our General Fixed Rate Bond Conditions for more details.
  • Unless you tell us otherwise, Fixed Rate Bonds are automatically renewed at the end of the fixed term. We will re-invest the principal amount and interest (except where the interest is paid-away) into our nearest equivalent Fixed Rate Bond. We will write to you around two weeks before your renewal date to remind you of your options.

Additional Information

  • You cannot transfer or assign the Fixed Rate Bond to anyone else. You also cannot add any new account holders until the bond reaches maturity. 
  • 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.

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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