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Fixed rate bonds

If you can put your money away for a set period in a fixed rate savings account, we'll pay you a fixed rate of interest. For example, in a one-year fixed rate savings account you’ll have to lock away your savings for approximately 12 months and you’ll know how much interest we’ll pay you at the end of the year.

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What's the difference between fixed rate bonds and fixed rate ISAs?

Fixed rate saving accounts and fixed-rate ISAs are very similar in the way that they are both savings accounts with fixed rates of interest, so you’ll know how much interest you’ll earn over the term that you’re saving in the account. But they do have some differences that we’ll cover below. 

Fixed rate bonds Fixed rate ISAs
The interest you’ll receive will be taxable if it exceeds your Personal Savings Allowance. Your interest will be tax free.
You’ll be able to save as much as you like up to £250,000 but remember that the FSCS will only protect up to £85,000 per person, per banking group. The maximum you’ll be able to save per tax year is £20,000 across all of your ISAs.

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One fixed rate

Once you open your fixed rate account, the interest rate will stay the same for the term of your account. That might be just one year, or up to five.

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Understand your interest

With a fixed rate savings account you know exactly how much interest you’ll get at the end of the fixed term, as long as you don't make any withdrawals.

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Unlock higher rates

By locking away your money for longer, you can unlock higher interest rates. While you won’t be able to access the money during the term of your account, it could be just the incentive you need to leave your savings pot untouched.

Choose an account

You can open a savings account online or through the Beehive Money app. All of our accounts are just for UK residents; we pay interest annually; and how often (and how much) you can withdraw depends on the account. Bear in mind too that any of our products can be withdrawn at any time.

You should regularly review any savings you have. See our full range of savings accounts below, compare interest rates and find the right product for your goals.

Need help deciding? Choose how much you’re likely to deposit to see the estimated total interest you could earn in 12 months. We’ve calculated it using the AER (Annual Equivalent Rate), assuming you’ll put in the amount you’ve chosen on the day that account launches. This gives you an idea of how much interest you might earn, based on your deposit.

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Use the calculator below to get an idea of how much you could save, and the interest you could earn:

For ISAs
*We will pay your interest free of UK income tax. Your tax treatment will depend on your individual circumstances and may be subject to change in the future. The tax treatment of ISAs may also change. AER stands for Annual Equivalent Rate. It shows what the interest rate would be if the interest was reinvested in the account each year. Interest rates are variable unless otherwise stated.

For non ISAs
*We will pay your interest without tax taken off. It is your responsibility to declare any interest you earn over your personal savings allowance directly to HMRC. Your tax treatment will depend on your individual circumstances and may be subject to change in the future, for further information please contact HMRC. AER stands for Annual Equivalent Rate. It shows what the interest rate would be if the interest was re-invested in the account each year. Interest rates are variable unless otherwise stated.

Things to know
Your gross rate is the amount of interest you’ll earn each year before tax. AER, or Annual Equivalent Rate, is designed to make savings accounts easier to compare. The AER will show you what your interest rate would be if interest was paid back into your account. For accounts that pay interest annually, the gross rate and the AER should be the same. For accounts that pay interest monthly the AER will be slightly higher than the gross rate. This is because if you leave your monthly interest in the account you’d start to earn interest on the interest.

These are just estimates and they’re for illustrative purposes only. Deposit examples may not reflect actual product deposit limits. We’ve based our calculations on the assumptions that the account is opened the day it’s made available; the interest rate doesn’t change; interest is paid straight into your account; and that you don’t put in any more money or take it out. So, if any of these things change, so will the amount of money you earn on your deposit.

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This account () isn't quite ready yet – we’re sorry about that. If you leave your name and email address, we’ll send you a message as soon as it’s up and running.

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We will email you when this type of savings account becomes available.

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Ready to get started?

Step 1

Get registered!

To join Beehive Money you can do this one of two ways. You can register on your desktop, or if you'd prefer you can install our app and follow the instructions on your screen.

Step 2

Take your pick of accounts

Once you have access to Beehive, choose the account that's right for you. We have a whole range available, such as fixed rates, easy access accounts, Cash ISAs and the Lifetime ISA.

Step 3

Set goals, achieve milestones

We know that you’re more likely to achieve your dream if you set goals. Our goal tracker and a helpful milestone will help motivate you to save for a brighter future.

Your savings are protected

Your savings will be protected up to a total of £85,000 by the Financial Services Compensation Scheme. There’s more about that here.

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Looking for something different?

Don’t sweat it, we have a range of accounts you can choose from. Check them out below.

Easy access

Our easy access account is a flexible account with very few restrictions, which makes it a great choice for those who want to put away money but be able to access it at any time, without charges or penalties, and it’s never, ever 'locked' away.

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Lifetime ISA

Moving into your first home is easier with the Homebuyer Lifetime ISA thanks to a generous 25% Government bonus. Plus, get mortgage advice from our partner when you're ready to move in.

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All savings accounts

Not sure about which account you’re after? Whatever your goals and however you’d like to save, we have a range of accounts for almost everyone at Beehive.

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Save - Manage - Buy

Start saving for a brighter future with Beehive Money. Save money, achieve goals and buy your home all through the app.

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