Fixed rate savings (formally called 'bonds') allow you to fix your interest rate for a set period of time, and it will not be changed. By contrast, instant access savings account rates are variable and can be changed, e.g. to take account of Bank of England base rate changes, or changes in rates paid by other banks.
Fixed rate accounts offer guarantees over what interest you’ll earn over a 'term'. This is the set time period offered by the bank. At NatWest we offer terms of either 1 or 2 years.
It is important to note that if you choose to end your term early and access your cash, you could incur an Early Closure Charge.
To jump back up & compare our fixed rate products, click here.