Gilts vs savings
Enter the rate you have been offered on a fixed-rate account, and see whether a gilt maturing in the same time pays more once tax is taken into account.
Savings rate (AER)
Held in
Fixed for
Your tax rate
A gilt pays more: 0½% Treasury Gilt 2029 returns 4.59% a year after tax, against 3.60% from the savings account.
To match it, a taxable savings account would need to pay 5.74%.
| Gilt | Coupon | Net yield | vs savings | Savings rate to match |
|---|---|---|---|---|
| 0½% Treasury Gilt 2029TG29 · matures 2029-01-31 | 0.5% | 4.59% | +0.99 | 5.74% |
| 1 5/8% Treasury Gilt 2028TG28 · matures 2028-10-22 | 1.625% | 4.27% | +0.67 | 5.34% |
| 0 1/8% Treasury Gilt 2028TN28 · matures 2028-01-31 | 0.125% | 4.25% | +0.65 | 5.31% |
| 1¼% Treasury Gilt 2027TG27 · matures 2027-07-22 | 1.25% | 4.05% | +0.45 | 5.06% |
| 4 1/8% Treasury Gilt 2029TS29 · matures 2029-07-22 | 4.125% | 3.95% | +0.35 | 4.94% |
| 4% Treasury Gilt 2029T29K · matures 2029-05-22 | 4% | 3.92% | +0.32 | 4.90% |
| 4 3/8% Treasury Gilt 2028TE28 · matures 2028-03-07 | 4.375% | 3.77% | +0.17 | 4.71% |
| 4½% Treasury Gilt 2028TS28 · matures 2028-06-07 | 4.5% | 3.64% | +0.04 | 4.55% |
| 4¼% Treasury Gilt 2027TR27 · matures 2027-12-07 | 4.25% | 3.45% | −0.15 | 4.31% |
| 3¾% Treasury Gilt 2027TS27 · matures 2027-03-07 | 3.75% | 3.31% | −0.29 | 4.14% |
| 6% Treasury Stock 2028TR28 · matures 2028-12-07 | 6% | 3.28% | −0.32 | 4.10% |
| 0 3/8% Treasury Gilt 2026T26A · matures 2026-10-22 | 0.375% | 2.97% | −0.63 | 3.71% |
| 4 1/8% Treasury Gilt 2027T27A · matures 2027-01-29 | 4.125% | 2.82% | −0.78 | 3.53% |
Net yield is the return a year to redemption after tax on the coupons at your rate; gains on gilts are free of capital gains tax. Savings interest is taxed at the same rate outside an ISA, and not at all in one. “vs savings” is the gap in percentage points after tax. Gilts are held outside an ISA or pension here, priced from the latest close before dealing charges, and the personal savings allowance, which can shelter some interest and coupons from tax, is left out.