1 Year Fixed
| Provider | Rate | Min/Max Deposit | Opening Account | Accessing Account | Interest Options | SG Verdict |
|---|---|---|---|---|---|---|
|
4.70% | £5,000 / £1m | Branch | Branch |
| This account pays expected profit, rather than interest, to meet Sharia law requirements. Those savers comfortable with this are likely to be attracted by the rate and variety of channels to open and manage their account |
|
4.80% | £1,000 / £1m | Branch | Branch |
| This account is provided by Al Rayan Bank on the Meteor Savings platform |
|
4.70% | £1,000 / £85,000 | Branch | Branch |
| This product is only available via the Raisin UK savings platform. You can find out more about Raisin here |
|
4.69% | £1,000 / £85,000 | Branch | Branch |
| Kuwait Finance House PLC is a UK incorporated bank headquartered in London. It was originally set up to meet the investment and banking needs of offshore investors and visitors from the Gulf. This product is only available via the Raisin UK savings platform. You can find out more about Raisin here |
|
4.66% | £10,000 / £85,000 | Branch | Branch |
| National Bank of Egypt UK was established in 1982 and offers a diverse range of products and services for its customers, including corporate banking, buy-to-let mortgages, retail banking, and trade finance. It is a wholly-owned subsidiary of the National Bank of Egypt, Egypt’s oldest and largest bank. This product is only available via the Raisin UK savings platform. You can find out more about Raisin here |
|
4.76% | £1,000 / £250,000 | Branch | Branch |
| OakNorth launched in 2015 and offers debt and property finance to UK small and medium size enterprises. You can find out more about them here |
|
4.65% | £1,000 / £120,000 | Branch | Branch |
| This product is only available via the Raisin UK savings platform. You can find out more about Raisin here |
|
4.65% | £1,000 / £120,000 | Branch | Branch |
| Competitive rate from Cardiff based StreamBank who have been a mainstay of our best buy tables since their launch in 2023 You can find out more about StreamBank here |
|
4.68% | £2,000 / £1,000,000 | Branch | Branch |
| Excellent rate from United Bank with interest available monthly, annually or on maturity, with interest paid away to a nominated bank account. United Bank UK was formed in 2001 from the merger of two Pakistani banks and has branches in Ilford, Bradford, Birmingham, Glasgow Manchester and London. |
|
4.67% | £1,000 / £85,000 | Branch | Branch |
| Ziraat Bank is owned by the Turkish government and was established in 1863. It serves 38 million retail, SME and corporate customers in all sectors of the economy and has a 15% market share. It is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority under registration number 204705. This product is only available via the Raisin UK savings platform. You can find out more about Raisin here |
|
4.65% | £1,000 / £1m | Branch | Branch |
| This account pays expected profit, rather than interest, to meet Sharia law requirements. You can find out more about them here |
|
4.71% | £5,000 / £1m | Branch | Branch |
| Wolverhampton based Charter Savings launched in 2015. It is now part of One Savings Bank which looks after a combined £16.6bn across its Charter Savings and Kent Reliance savings brands |
|
4.65% | £1,000 / No maximum | Branch | Branch |
| Wrexham based Chetwood Bank got its banking licence at the end of 2018 following a £40m investment from Elliott Advisors. Savers should note that Chetwood also offers bonds under the SmartSave brand, which is under the same banking licence, so FSCS protection is on the combined balance for any savings with both brands Find out more about them here |
|
4.75% | £10,000 / £2m | Branch | Branch |
| Close Bank have been trading since 1878, are a FTSE 250 listed company and look after over £6.4bn of savings You can find out more about them here |
|
4.76% | £10,000 / £250,000 | Branch | Branch |
| Additions can be made for up to 15 calendar days after account opening. Family is part of National Counties Building Society, the 11th largest Society in the UK, looking after over £2bn of savings. |
|
4.78% | £1,000 / £100,000 | Branch | Branch |
| GB Bank allow a generous 21 days to fund their fixed rate bonds. GB Bank was awarded a banking licence (with restrictions) in October 2021 and launched savings on 23rd November 2022. It is based in Middlesborough and intends to get Britain building by supporting regional SME property developers with development financing. |
|
4.69% | £1,000 / £1,000,000 | Branch | Branch |
| Hodge bank is based in South Wales and was authorised in 1987. It looks after just over £1bn of deposits.
|
|
4.65% | £5,000 / £250,000 | Branch | Branch |
|
A competitive rate from Investec, the 10th largest bank in the UK
|
|
4.76% | £1,000 / £1,000,000 | Branch | Branch |
| Kent Reliance is part of One Savings Bank, a FTSE 250 listed company, and has 9 branches in Kent and the South East
One Savings Bank has recently completed its merger with Charter Court Financial Services (which includes Charter Savings Bank) and now looks after combined savings balances of £16.6bn |
|
4.90% | £1 / £250,000 | Branch | Branch |
| Marcus launched in September 2018 and is part of US bank Goldman Sachs. It looks after over £21bn of savings. |
|
4.75% | £1,000 / £750,000 | Branch | Branch |
| MBNA was ounded in 1982 as part of Maryland National Bank and has operated out of Chester since 1993 offering savings, loans and home insurance. |
|
4.69% | £500 / £1m | Branch | Branch |
| NS&I's savings are fully protected by the government. |
|
4.70% | £1,000 / £120,000 | Branch | Branch |
| We expect this product will only be available for a few days so move quickly if it appeals. Savers have 14 days to fund the account once opened. Recognise received its full banking licence in September 2021. You can find out more about them here |
|
4.76% | £1,000 / £1,000,000 | Branch | Branch |
| Union Bank of India (UK), which is a subsidiary of Union Bank of India, one of the largest public sector banks in India. Although Union Bank does finally have an internet application, their UK website is very hard to navigate to find it and it is one of the most difficult applications to complete we've experienced. |