Compare 5 year savings bonds

The UBL Fixed Term Deposit (60 months) is a dedicated savings account tailored for individuals seeking a guaranteed return on their capital over a medium to long-term period. As its name suggests, this fixed-term product requires savers to commit their funds for a specific duration of 60 months, equivalent to five years, providing a predictable and stable environment for your savings goals. It is particularly well-suited for those who have a clear savings objective and do not foresee needing access to their deposited funds before the term concludes. A primary advantage of this UBL account is its attractive fixed interest rate. Savers will benefit from an Annual Equivalent Rate (AER) of 5.00%, which also serves as the gross rate. This ensures complete transparency and a consistent return on your investment, as the rate is locked in for the entire 60-month period, offering protection against potential market interest rate declines. This competitive rate applies to all balances from the minimum initial deposit upwards, and interest is conveniently paid out annually, allowing you to either withdraw your earnings or potentially compound them. To open this Fixed Term Deposit, a minimum initial deposit of £1,000 is required, making it an accessible option for various savers. It's important to note the nature of a fixed-term deposit: access to your funds before the 60-month maturity date is generally restricted, reinforcing its suitability for capital you can commit for the full five-year term. For added security and peace of mind, all eligible deposits with UBL are protected by the Financial Services Compensation Scheme (FSCS), safeguarding your savings up to the specified limits in the unlikely event of the institution's failure.