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How do monthly Interest Fixed Rate Bonds work?

Monthly interest fixed rate bonds pay interest monthly on a lump sum deposited for a fixed term. These bonds can be one of the best options if you are looking for an account which will provide you with a source of regular monthly extra income.

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United Bank UK Logo
United Bank UK 5 Year Fixed Term Deposit FSCS logo
FSCS logo
AER
1.75%
Account Type
Fixed
Notice / Term
5 Year Bond
Interest Paid
Monthly
Opening Account
Not Available Online Available At Branch Available By Mail Not Available By Telephone Not Available By Mobile
Managing Account
Not Available Online Available At Branch Available By Mail Not Available By Telephone Not Available By Mobile
Go To Provider's Site
Rates
Access
Information
Opening Restrictions
Additional Information

Rates

Rate 1.74% paid at £2K
AER 1.75% paid at £2K
Interest Paid Monthly
Interest payment Interest must be paid away
Min Opening Amount £2,000
Max Investment £1,000,000
Introductory bonus N/A

Access

Withdrawals Allowed
Early Access Allowed
Access Note
Earlier access at banks discretion subject to 365 day loss of interest.
Further Additions Allowed
At the end of the fixed term
Your provider will write to you before the account matures. If you don’t give them any instructions, the money in the account will be reinvested in a further Fixed Rate/Fixed Term account on equivalent/similar terms

Information

Min Age 18
Max Age 0
Taxation
Interest is paid without tax being deducted, but may be taxable depending on your personal circumstances

Opening Restrictions

N/A

Additional Information

N/A
Secure Trust Bank Logo
Secure Trust Bank 7 Year Fixed Rate Bond FSCS logo
FSCS logo
AER
2.76%
Account Type
Fixed
Notice / Term
15.07.26
Interest Paid
Monthly
Opening Account
Available Online Not Available At Branch Not Available By Mail Not Available By Telephone Not Available By Mobile
Managing Account
Available Online Not Available At Branch Not Available By Mail Available By Telephone Not Available By Mobile
Rates
Access
Information
Opening Restrictions
Additional Information

Rates

Rate 2.73% paid at £1K
AER 2.76% paid at £1K
Interest Paid Monthly
Interest payment Interest can be paid away or compounded
Min Opening Amount £1,000
Max Investment £1,000,000
Introductory bonus N/A

Access

Withdrawals Allowed
Early Access Allowed
Access Note
N/A
Further Additions Allowed
At the end of the fixed term
Your provider will write to you before the account matures. If you don’t give them any instructions, the money in the account will be paid into a variable rate account pending instructions/withdrawal

Information

Min Age 18
Max Age 0
Taxation
Interest is paid without tax being deducted, but may be taxable depending on your personal circumstances

Opening Restrictions

N/A

Additional Information

N/A
Secure Trust Bank Logo
Secure Trust Bank 5 Year Fixed Rate Bond FSCS logo
FSCS logo
AER
2.66%
Account Type
Fixed
Notice / Term
15.07.24
Interest Paid
Monthly
Opening Account
Available Online Not Available At Branch Not Available By Mail Not Available By Telephone Not Available By Mobile
Managing Account
Available Online Not Available At Branch Not Available By Mail Available By Telephone Not Available By Mobile
Rates
Access
Information
Opening Restrictions
Additional Information

Rates

Rate 2.63% paid at £1K
AER 2.66% paid at £1K
Interest Paid Monthly
Interest payment Interest can be paid away or compounded
Min Opening Amount £1,000
Max Investment £1,000,000
Introductory bonus N/A

Access

Withdrawals Allowed
Early Access Allowed
Access Note
N/A
Further Additions Allowed
At the end of the fixed term
Your provider will write to you before the account matures. If you don’t give them any instructions, the money in the account will be paid into a variable rate account pending instructions/withdrawal

Information

Min Age 18
Max Age 0
Taxation
Interest is paid without tax being deducted, but may be taxable depending on your personal circumstances

Opening Restrictions

N/A

Additional Information

N/A
RCI Bank UK Logo
RCI Bank UK Fixed Term Savings Account FSCS logo
FSCS logo
AER
2.60%
Account Type
Fixed
Notice / Term
5 Year Bond
Interest Paid
Monthly
Opening Account
Available Online Not Available At Branch Not Available By Mail Not Available By Telephone Not Available By Mobile
Managing Account
Available Online Not Available At Branch Not Available By Mail Not Available By Telephone Not Available By Mobile
Rates
Access
Information
Opening Restrictions
Additional Information

Rates

Rate 2.57% paid at £1K
AER 2.60% paid at £1K
Interest Paid Monthly
Interest payment Interest must be compounded
Min Opening Amount £1,000
Max Investment £1,000,000
Introductory bonus N/A

Access

Withdrawals Allowed
Early Access Allowed
Access Note
N/A
Further Additions Allowed
At the end of the fixed term
Your provider will write to you before the account matures. If you don’t give them any instructions, the money in the account will be paid into a variable rate account pending instructions/withdrawal

Information

Min Age 18
Max Age 0
Taxation
Interest is paid without tax being deducted, but may be taxable depending on your personal circumstances

Opening Restrictions

N/A

Additional Information

N/A
Leeds BS Logo
Leeds BS 10 Year No Access Income Bond (Issue 3) FSCS logo
FSCS logo
AER
2.53%
Account Type
Fixed
Notice / Term
31.07.29
Interest Paid
Monthly
Opening Account
Not Available Online Available At Branch Available By Mail Not Available By Telephone Not Available By Mobile
Managing Account
Not Available Online Available At Branch Available By Mail Not Available By Telephone Not Available By Mobile
Rates
Access
Information
Opening Restrictions
Additional Information

Rates

Rate 2.50% paid at £10K
AER 2.53% paid at £10K
Interest Paid Monthly
Interest payment Interest must be paid away
Min Opening Amount £10,000
Max Investment £1,000,000
Introductory bonus N/A

Access

Withdrawals Allowed
Early Access Allowed
Access Note
N/A
Further Additions Allowed
At the end of the fixed term
Your provider will write to you before the account matures. If you don’t give them any instructions, the money in the account will be paid into a variable rate account pending instructions/withdrawal

Information

Min Age 18
Max Age 0
Taxation
Interest is paid without tax being deducted, but may be taxable depending on your personal circumstances

Opening Restrictions

N/A

Additional Information

N/A
ICICI Bank UK Logo
ICICI Bank UK HiSAVE Fixed Rate Account FSCS logo
FSCS logo
AER
2.50%
Account Type
Fixed
Notice / Term
5 Year Bond
Interest Paid
Monthly
Opening Account
Available Online Not Available At Branch Not Available By Mail Not Available By Telephone Not Available By Mobile
Managing Account
Available Online Not Available At Branch Not Available By Mail Not Available By Telephone Not Available By Mobile
Rates
Access
Information
Opening Restrictions
Additional Information

Rates

Rate 2.47% paid at £1K
AER 2.50% paid at £1K
Interest Paid Monthly
Interest payment Interest must be paid away
Min Opening Amount £1,000
Max Investment £0
Introductory bonus N/A

Access

Withdrawals Allowed
Early Access Allowed
Access Note
N/A
Further Additions Allowed
At the end of the fixed term
Your provider will write to you before the account matures. If you don’t give them any instructions, the money in the account will be paid into a variable rate account pending instructions/withdrawal

Information

Min Age 18
Max Age 0
Taxation
Interest is paid without tax being deducted, but may be taxable depending on your personal circumstances

Opening Restrictions

Linked Product (Non-Funded): HiSAVE Savings account automatically opened for administration of maturity proceeds

Additional Information

N/A
ICICI Bank UK Logo
ICICI Bank UK SuperSaver Bond FSCS logo
FSCS logo
AER
2.50%
Account Type
Fixed
Notice / Term
5 Year Bond
Interest Paid
Monthly
Opening Account
Not Available Online Available At Branch Not Available By Mail Not Available By Telephone Not Available By Mobile
Managing Account
Not Available Online Available At Branch Not Available By Mail Available By Telephone Not Available By Mobile
Rates
Access
Information
Opening Restrictions
Additional Information

Rates

Rate 2.47% paid at £1K
AER 2.50% paid at £1K
Interest Paid Monthly
Interest payment Interest must be paid away
Min Opening Amount £1,000
Max Investment £0
Introductory bonus N/A

Access

Withdrawals Allowed
Early Access Allowed
Access Note
N/A
Further Additions Allowed
At the end of the fixed term
Your provider will write to you before the account matures. If you don’t give them any instructions, the money in the account will be paid into a variable rate account pending instructions/withdrawal

Information

Min Age 18
Max Age 0
Taxation
Interest is paid without tax being deducted, but may be taxable depending on your personal circumstances

Opening Restrictions

Linked Product (Non-Funded): New and existing HomeVantage Current Account customers

Additional Information

N/A
Masthaven Bank Logo
Masthaven Bank 5 Year Fixed Term Bond FSCS logo
FSCS logo
AER
2.49%
Account Type
Fixed
Notice / Term
5 Year Bond
Interest Paid
Monthly
Opening Account
Available Online Not Available At Branch Not Available By Mail Not Available By Telephone Not Available By Mobile
Managing Account
Available Online Not Available At Branch Not Available By Mail Not Available By Telephone Not Available By Mobile
Rates
Access
Information
Opening Restrictions
Additional Information

Rates

Rate 2.46% paid at £500
AER 2.49% paid at £500
Interest Paid Monthly
Interest payment Interest can be paid away or compounded
Min Opening Amount £500
Max Investment £250,000
Introductory bonus N/A

Access

Withdrawals Allowed
Early Access Allowed
Access Note
N/A
Further Additions Allowed
At the end of the fixed term
Your provider will write to you before the account matures. If you don’t give them any instructions, the money in the account will be paid into a linked or nominated account or paid into a variable rate account pending instructions/withdrawal or reinvested in a further Fixed Rate/Fixed Term account on equivalent/similar terms

Information

Min Age 18
Max Age 0
Taxation
Interest is paid without tax being deducted, but may be taxable depending on your personal circumstances

Opening Restrictions

N/A

Additional Information

N/A
Paragon Bank Logo
Paragon Bank 5 Year Fixed Rate Savings Account FSCS logo
FSCS logo
AER
2.45%
Account Type
Fixed
Notice / Term
5 Year Bond
Interest Paid
Monthly
Opening Account
Available Online Not Available At Branch Not Available By Mail Not Available By Telephone Not Available By Mobile
Managing Account
Available Online Not Available At Branch Not Available By Mail Not Available By Telephone Not Available By Mobile
Rates
Access
Information
Opening Restrictions
Additional Information

Rates

Rate 2.42% paid at £1K
AER 2.45% paid at £1K
Interest Paid Monthly
Interest payment Interest can be paid away or compounded
Min Opening Amount £1,000
Max Investment £500,000
Introductory bonus N/A

Access

Withdrawals Allowed
Early Access Allowed
Access Note
N/A
Further Additions Allowed
At the end of the fixed term
Your provider will write to you before the account matures. If you don’t give them any instructions, the money in the account will be paid into a variable rate account pending instructions/withdrawal

Information

Min Age 18
Max Age 0
Taxation
Interest is paid without tax being deducted, but may be taxable depending on your personal circumstances

Opening Restrictions

N/A

Additional Information

N/A
ICICI Bank UK Logo
ICICI Bank UK HiSAVE Fixed Rate Account FSCS logo
FSCS logo
AER
2.40%
Account Type
Fixed
Notice / Term
3 Year Bond
Interest Paid
Monthly
Opening Account
Available Online Not Available At Branch Not Available By Mail Not Available By Telephone Not Available By Mobile
Managing Account
Available Online Not Available At Branch Not Available By Mail Not Available By Telephone Not Available By Mobile
Rates
Access
Information
Opening Restrictions
Additional Information

Rates

Rate 2.37% paid at £1K
AER 2.40% paid at £1K
Interest Paid Monthly
Interest payment Interest must be paid away
Min Opening Amount £1,000
Max Investment £0
Introductory bonus N/A

Access

Withdrawals Allowed
Early Access Allowed
Access Note
N/A
Further Additions Allowed
At the end of the fixed term
Your provider will write to you before the account matures. If you don’t give them any instructions, the money in the account will be paid into a variable rate account pending instructions/withdrawal

Information

Min Age 18
Max Age 0
Taxation
Interest is paid without tax being deducted, but may be taxable depending on your personal circumstances

Opening Restrictions

Linked Product (Non-Funded): HiSAVE Savings account automatically opened for administration of maturity proceeds

Additional Information

N/A

Select a Savings Category

Note

Eligible deposits with UK institutions are protected by the Financial Services Compensation Scheme up to a maximum level of protection of £85,000 per person per institution.

Disclaimer

All rates subject to change without notice. Please check all rates and terms before investing or borrowing.

Quick Links

Quick links are where we have an arrangement with a provider so you can move directly from our site to theirs to view more information and apply for a product. We also use quick links where we have an arrangement with a preferred broker to move you directly to their site. Depending on the arrangement we will may receive a modest commission either when you press a 'Go to Provider' or 'Speak to an Adviser' buttons, when you call an advertised number or when you complete an application.

Still not sure?

Read all Savings and ISA guides
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Investment Glossary.

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How our best Monthly Interest Fixed Rate Bonds comparison works

Finding the best monthly interest fixed rate bonds with our handy comparison table couldn’t be simpler: Just enter a few details and you’ll be presented with a tailored table of results based on your choices. First will be all the ‘direct’ deals where you can apply in an easy, hassle-free way by just clicking on the ‘Go To Provider’s Site button. Under these are the deals from the rest of the marketplace. To reorder the whole table into rate order, just untick the box at the top of the search table.

How to choose the best Monthly Interest Fixed Rate Bonds deal for you

Largely what you consider the ‘best’ monthly interest fixed rate bonds will be as individual as your requirements. However, it goes without saying that you are best advised to look at and compare deals prior to deciding. The number of monthly interest fixed rate bonds deals on offer will depend on both the term and minimum deposit you are prepared to make.

Best Monthly Interest Fixed Rate Bonds
Provider AER Account Type Notice / Term Min Investment
Secure Trust Bank Logo Secure Trust Bank 7 Year Fixed Rate Bond 2.76% Fixed 15.07.26 £1,000
Secure Trust Bank Logo Secure Trust Bank 5 Year Fixed Rate Bond 2.66% Fixed 15.07.24 £1,000
RCI Bank UK Logo RCI Bank UK Fixed Term Savings Account 2.60% Fixed 5 Year Bond £1,000
Leeds BS Logo Leeds BS 10 Year No Access Income Bond (Issue 3) 2.53% Fixed 31.07.29 £10,000

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