Compare 6 month savings bonds

The Prosper - 6 Month Fixed Term Deposit, offered by Aldermore, is a straightforward savings account designed for individuals seeking a guaranteed return over a defined, shorter period. As a fixed-term product, this account requires you to commit your funds for exactly six months, in exchange for a predictable and competitive interest rate. It's an ideal choice for savers who have a lump sum they won't need immediate access to and wish to maximize its growth within a clear timeframe. This Aldermore account features a fixed interest rate of 4.50% AER (Annual Equivalent Rate) for the entire six-month duration. This fixed rate provides certainty, ensuring your returns are not affected by market fluctuations during the term. Interest earned on your deposit is paid conveniently at maturity, meaning your principal investment along with all accumulated interest will be returned to you at the end of the six-month period, simplifying the process of calculating and receiving your full return. A key characteristic of the Prosper - 6 Month Fixed Term Deposit is its restrictive access. Due to its fixed-term nature, your funds are committed for the full six months, and early withdrawals are generally not permitted or may be subject to significant penalties. This structure is fundamental to how fixed-term deposits operate and enables the provider to offer a guaranteed interest rate. Account management for this product is primarily handled through Aldermore's dedicated app, providing a modern and accessible way to keep track of your savings. For added peace of mind, all eligible deposits held with Aldermore, including the Prosper - 6 Month Fixed Term Deposit, are fully protected by the Financial Services Compensation Scheme (FSCS). This means your money is safeguarded up to the current FSCS limit per eligible person, per authorised institution, offering a vital layer of security and confidence for your savings.