A fixed rate of interest on your savings.
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Key information
Fixed rate of interest
Select the term that suits you best and let your interest grow.
With a fixed rate for your entire term, you can save and plan confidently for the future.
No top ups
Deposit any amount between £1,000 and £1,000,000.
You can't add more money to a Fixed Rate Bond after it is opened, but you can open more bonds if you have additional funds you'd like to deposit.
No withdrawals
Once your money is locked into a Fixed Rate Bond, it’s secured for the full term, so you won’t be able to access your funds until the maturity date.
Summary Box
What is the interest rate?
4.24% Gross / 4.15% AER
Interest is calculated daily and paid at the end of the term.
Can LHV Bank change the interest rate?
No, the interest rate will stay the same for the full 2 year term.
What would the estimated balance be after 2 years based on a £1,000.00 deposit?
Interest rate (AER): 4.15%
Estimated balance after 2 years: £1,084.80
The estimated balance is based on £1,000.00 deposited into your account on the first day of your account opening. The estimated balance assumes that interest will be added to the account balance at the end of the term. This estimation is provided for illustrative purposes only and doesn't take into account your individual circumstances.
How do I open and manage my account?
To open a 2 Year Fixed Rate Bond:
You'll need to have an LHV Bank Current Account
You must be aged 18 and over
You must be a UK resident
You will also need to pay in a minimum deposit of at least £1,000.00.
You can deposit a maximum of £1,000,000.00 across all Fixed Rate Bonds you may hold with LHV Bank.
You can open and manage your 2 Year Fixed Rate Bond in your LHV Bank app.
Can I withdraw money?
No, you can't move your money until the end of the 2 year term. We will contact you before your fixed term ends to explain what happens at the end of the term.
Additional information
You can cancel your 2 Year Fixed Rate Bond within the first 14 days of opening it and we'll return your money to your LHV Bank Current Account.
AER stands for Annual Equivalent Rate. This shows you what the interest rate would be if interest was paid and compounded once each year.
Interest is paid gross without the deduction of income tax.
* AER stands for Annual Equivalent Rate and illustrates what the interest rate would be if interest was paid and compounded once each year. Gross is the contractual rate of interest payable before the deduction of income tax at the rate specified by law. Interest is paid on maturity.
Your eligible deposits with LHV Bank are protected up to £85,000 by the Financial Services Compensation Scheme.