Are you losing earnings by keeping your savings with a high-street bank?
Many of us find comfort in familiarity, whether that’s from only shopping at a specific supermarket or going on holiday to the same place every year. While familiarity is comforting, you could be missing out on something much better. The same applies to your savings accounts, by keeping your savings with the same bank, you could miss out on earning extra interest.
The rates on savings accounts offered by familiar high-street banks may have continued to drop in recent years, but the partner banks at Raisin UK continue to help savers to boost their savings with competitive rates.
On this page, we’ve listed the top rates for 1,2,3 and 5 year fixed rate bonds available through our marketplace and compared them to the top rates at up to eight high street banks*. See how much more you could earn from your savings by switching to Raisin UK.



Does an interest rate difference of less than 1% really matter?
An interest rate difference of less than 1% in a fixed rate bond rate might seem small, but it can make a big difference to how much you earn from your savings.
In the example below**, you’ll see how depositing £30,000 into one, two, three and five year term fixed rate bonds with an illustrative rate difference of 0.50% AER makes a big difference to how much you’ll earn.
1 year term
0.50% AER = £150
1.00% AER = £300
Difference = £150
2 year term
0.50% AER = £300
1.00% AER = £600
Difference = £300
3 year term
0.50% AER = £450
1.00% AER = £900
Difference = £450
5 year term
0.50% AER = £750
1.00% AER = £1,500
Difference = £750
This example shows how much of a difference as little as a 0.50% difference in interest rate could make to you if you deposited £30,000. Imagine how much a difference it could make if the interest rate or amount of your deposit was higher.
Could you earn more from your savings by ditching your high street bank?
Our best 1 Year Fixed Rate Bond rate is 0.80% AER
How we compare to high street banks:
Barclays – 0.30% AER
The Co-operative Bank – 0.15% AER
Nationwide – 0.30% AER
Santander – 0.20% / 0.25% AER
HSBC – 0.30% AER
Tesco bank – 0.40% AER



Our best 2 Year Fixed Rate Bond rate is 0.90% AER
How we compare to high street banks:
Lloyds TSB – 0.20% AER
The Co-operative Bank – 0.21% AER
Halifax – 0.20% AER
HSBC – 0.35% AER
Tesco bank – 0.60% AER



Our best 3 Year Fixed Rate Bond rate is 0.88% AER
How we compare to high street banks:
The Co-operative Bank – 0.26% AER
Tesco bank – 0.65% AER



Boost your savings with a welcome bonus of up to £50
If you’re new to Raisin UK, you could get an even better return from your savings with our welcome bonus, worth up to £50. To be eligible for this bonus, you need to open your first savings account through our marketplace with at least £5,000 for a term of six months or longer. Terms and conditions apply, please visit our bonus page to find out more.
Register for a Raisin UK Account and grow your savings
If you want to apply for fixed rate bonds like the ones covered in this page, and gain access to exclusive savings accounts, rates and offers, register for a free Raisin UK Account today. It’s free to register online and only takes a few minutes, after which you won’t need to fill in another application form to apply for a savings account through our marketplace again.
Secure savings. Peace of mind
Our savings marketplace features FSCS and European equivalent protected savings accounts from a range of specially selected and thoroughly checked partner banks, so you can deposit, manage and save with confidence.



*The rates offered by Barclays, The Co-operative Bank, Halifax, HSBC, Lloyds TSB, Nationwide, Santander or Tesco Bank that are displayed on this page are correct as of 20th October 2020. While we make efforts to update this page regularly, please be aware that the rates listed on this page may have changed since this page was last updated. Raisin UK does not offer financial advice, we provide a range of information to help you plan your own finances.
**This example is purely illustrative and should not be viewed as indicative of the returns of any specific financial product or as financial advice. Please read individual product terms for the details of how interest is calculated and paid.