Have you ever had those moments in life where you've been disappointed to find that something isn't quite what you thought it would be? It's happened to us all, but it really doesn't have to be that way with a savings account.
We've read stories of people buying what they believe to be an antique chair on eBay, only to discover upon delivery that it's a chair for a doll's house.
Then there's baking when the cake that comes out of the oven doesn't always resemble the one in the glossy photo of a recipe book. Or maybe it does, but in an obscure, Picasso-esque manner.
It's all about expectations versus reality and some people have the same issue with savings accounts. Thing is, you can align your expectations with reality when you have a Fixed Rate Bond.
Fixed rate bond
This is a type of savings account that lasts for a number of years and can be for individuals or couples that are looking for a joint savings account. After you've made your deposit, you won't be able to withdraw your money until after the term has finished.
What this means for you is that you'll have a guaranteed return on your savings because the interest that you earn won't change, even if the Bank of England base rate increases or decreases.
Expectations match reality, and help you to plan for the future of you and your family.
When your Fixed Rate Bond reaches the end of its term, you'll usually have the option of either withdrawing the amount in one lump sum, or moving it into another savings account; giving you control and peace of mind.
If you'd like specific details about a Secure Trust Bank Fixed Rate Bond, take a look at our Fixed Rate Bond page.