Aviva review

The account pays a headline rate of 5.02%, and the rate type is fixed, so the figure holds for the whole term. The median in the fixed-rate comparison group is 6%, which places this offer below the middle of the field on rate level.

The term runs 60, and in the fixed-rate ranking that is the longest commitment, at 1 of 35. Money is locked away for the term, and interest is paid at the end of it rather than along the way.

The minimum deposit is £1,000, and on the site comparison that ranks it at 346 of 370. The median minimum deposit across savings accounts is €0.17, so the entry bar here is a clear step up.

The monthly fee is £0, and the account is listed under the model no monthly fee and fixed rate, which pairs no monthly fee with a fixed rate. The cost to weigh is therefore the commitment itself rather than a charge.

Deposits are covered at FSCS up to GBP 85,000. The account is provided by Aviva Savings Limited, and the firm is regulated in the UK by the Financial Conduct Authority, so the provider sits inside a regulated UK framework alongside the deposit protection.

The rate type is fixed and the account kind is fixed, so there is no variable option in the mix here. The return you see at 5.02% is the return you keep for the length of the term, and it does not follow market moves.

Support runs on help centre and chat, so there is an online help centre and live chat. No phone line is listed, which suits readers who are comfortable running a fixed account online for its whole term.

The account is provided by Aviva Savings Limited, and the group's history goes back to 1696. The provider is headquartered in the United Kingdom and regulated in the UK by the Financial Conduct Authority, useful context before locking money away for 60.