A Fixed Rate Bond is a type of savings account that allows you to lock away your savings for a set amount of time at a rate that is set from the moment you open your account. This means that you know when your money will be available and how much profit or interest you’ll earn when it matures. There is no early termination allowed on these types of accounts (exceptions may apply, please read the applicable terms and conditions).
You can find out more about Fixed Rate Bonds on our Fixed Rate Bonds page.