Best term deposits in the UK!

Term deposit rates and offers can vary among financial institutions so it often pays to shop around. The following are some of the best term deposits currently available in the UK.

Lloyds TSB

Lloyds TSB offers a range of excellent term deposits. They have a 4 year term deposit with a both monthly and annual payment options. The annual equivalent rate is 3.95%, the gross rate is 3.88% and the annual net rate is 3.16%. The minimum deposit is £2,000 and on balances of over £50,000 interest will be paid gross.

Post Office

The Post Office has a 1 year term deposit is very competitive and has an annual interest rate of 3.41% fixed for 12 months. The minimum deposit is £500 and the maximum is £2 million. Interest can be paid monthly or annually and no extra deposits can be made after the account is opened.

Tesco Fixed Rate Saver

Tesco Bank offer 1, 2 or 3 year term deposits with an annual interest rate of 3.4%. Deposits can only be made once for amounts of between £2,000 and £1 million. Interest is paid either annually or monthly. The term deposit account can be opened online only.


NatWest has term deposits with 1, 2 and 3 year fixed terms. Interest rates are 3.2% for 1 year bonds. Investments of between £5,000 and £500,000 can be made.


HSBC offer a 1 year fixed rate saver that pays up to 3% annual interest depending on how much you invest. The interest rates are tiered with deposits over £50,000 getting the highest rate. The minimum investment is £2,000 and the maximum is £1 million.

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