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1 Year Fixed

Provider Rate Min/Max Deposit Opening Account Accessing Account Interest Options SG Verdict
Allica Bank
2.65% £10,000 / £250,000

Branch
App
Internet
Post
Telephone

Branch
App
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Post
Telephone

  • Paid Annually
  • Paid On Maturity

Allica are based in Milton Keynes and were awarded their banking licence in 2019 and launched in April 2020

You can find out more about them here

 Hampshire Trust Bank
2.60% £1,000 / £250,000

Branch
App
Internet
Post
Telephone

Branch
App
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Post
Telephone

  • Paid on Anniversary
  • Paid Away or Compounded
  • Paid Annually

London based Hampshire Trust Bank launched in 1977 but was acquired by a new management team in 2014 and now look after in excess of £1.63bn of deposits.

You can read more about them here

 National Bank of Egypt - Raisin
2.70% £1,000 / £85,000

Branch
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Post
Telephone

Branch
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  • Paid On Maturity

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.  It currently comes with a £25 sign up bonus for Savings Guru customers.  You can find out more about Raisin, and how to claim the bonus here

 Paragon - Raisin
2.55% £1,000 / £85,000

Branch
App
Internet
Post
Telephone

Branch
App
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Post
Telephone

  • Paid On Maturity

This product is only available via the Raisin UK platform but comes with a £25 sign up bonus for Savings Guru customers.  You can find out more about Raisin, and how to claim the sign up bonus here

 QIB - Raisin
2.61% £1,000 / £85,000

Branch
App
Internet
Post
Telephone

Branch
App
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Post
Telephone

  • Paid On Maturity

This product is only available via the Raisin UK platform but comes with a £25 sign up bonus for Savings Guru customers.  You can find out more about Raisin, and how to claim the sign up bonus here

Atom Bank
2.60% £50 / £100,000

Branch
App
Internet
Post
Telephone

Branch
App
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Post
Telephone

  • Paid on Anniversary
  • Paid Away or Compounded
  • Paid Monthly
  • Paid Annually

Durham based Atom Bank has attracted over £2bn of savings since its launch in April 2016.

Savers can only access Atom’s products via their mobile app

You can find out more about them here

BLME
2.65% £1,000 / £1,000,000

Branch
App
Internet
Post
Telephone

Branch
App
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Post
Telephone

  • Paid On Maturity
  • Paid Away

This account pays expected profit, rather than interest, to meet Sharia law requirements.  

You can find out more about them here

Charter Savings Bank
2.57% £5,000 / £1m

Branch
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Internet
Post
Telephone

Branch
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  • Paid on Anniversary
  • Paid Away or Compounded
  • Paid Monthly
  • Paid Annually

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

Charter Savings Bank - Raisin
2.57% £1,000 / £85,000

Branch
App
Internet
Post
Telephone

Branch
App
Internet
Post
Telephone

  • Paid On Maturity

This product is only available via the Raisin UK platform but comes with a £25 sign up bonus for Savings Guru customers.  You can find out more about Raisin, and how to claim the sign up bonus here

Close Brothers
2.55% £10,000 / £2,000,000

Branch
App
Internet
Post
Telephone

Branch
App
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Post
Telephone

  • Paid Annually
  • Paid On Maturity
  • Paid Away

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

Cynergy
2.57% £10,000 / £1m

Branch
App
Internet
Post
Telephone

Branch
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Internet
Post
Telephone

  • Paid on Anniversary
  • Paid Annually
  • Paid Away

Cynergy was formerly known as Bank of Cyprus, which has operated in the UK since 1955, and looks after £1.76bn of savings

Investec
2.55% £5,000 / £250,000

Branch
App
Internet
Post
Telephone

Branch
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  • Paid on Anniversary
  • Paid Monthly
  • Paid Annually
  • Paid Away
 A competitive rate from Investec, the 10th largest bank in the UK
Kent Reliance
2.61% £1,000 / £1,000,000

Branch
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Post
Telephone

Branch
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Post
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  • Paid Away or Compounded
  • Paid Monthly
  • Paid Annually
  • Paid On Maturity
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
Monument Bank
2.61% £25,000 / £400,000

Branch
App
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Post
Telephone

Branch
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Post
Telephone

  • Paid on Anniversary
  • Paid Away or Compounded
  • Paid On Maturity

Monument Bank launched in December 2021 and plans to target mass affluent individuals via its mobile app.  Consequently, it has a much higher minimum balance requirement than other savings providers.

Paragon Bank
2.55% £1,000 / £100,000

Branch
App
Internet
Post
Telephone

Branch
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Post
Telephone

  • Paid on Anniversary
  • Paid Away or Compounded
  • Paid Monthly
  • Paid Annually

Birmingham based Paragon launched in 2014 and now look after £9.3bn of savings.

You can find out more about them in our banking directory here

Tandem Bank
2.60% £1,000 / £2,500,000

Branch
App
Internet
Post
Telephone

Branch
App
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Post
Telephone

  • Paid on Anniversary
  • Paid Annually
  • Paid Away

A competitive rate from Tandem Bank, who acquired Harrods Bank in January 2018.

About The Savings Guru

We help savers get the best deal for their money by providing unique insight in to the savings market.  We help prospective banks apply for a banking licence and we help build customer services, products and marketing for them.  We also work with existing banks and building societies to improve their savings propositions.  This  insider view of savings means we are uniquely placed to help savers.

Find out moreMeet the Team

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