1 Year Fixed
| Provider | Rate | Min/Max Deposit | Opening Account | Accessing Account | Interest Options | SG Verdict |
|---|---|---|---|---|---|---|
|
4.12% | £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 |
|
4.21% | £1,000 / £120,000 | Branch | Branch |
| This account is provided by Al Rayan Bank on the Meteor Savings platform |
|
4.12% | £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 |
|
4.08% | £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 |
|
4.00% | £1,000 / £250,000 | Branch | Branch |
| 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 |
|
4.05% | £1,000 / £1m | Branch | Branch |
| This product is provided by BLME on Active Savings, which is a savings platform, provided by investment giant Hargreaves Lansdown, which offers savers access to a range of products from its partner banks and building societies. |
|
4.05% | £1,000 / £1m | Branch | Branch |
| This product is provided by Close Brothers on Active Savings, which is a savings platform provided by investment giant Hargreaves Lansdown, offering savers access to a range of products from its partner banks and building societies. |
|
4.10% | £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 |
|
4.15% | £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 |
|
4.10% | £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 |
|
4.13% | £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 |
|
4.10% | £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 |
|
4.22% | £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 |
|
4.15% | £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 |
|
4.15% | £10,000 / £1m | Branch | Branch |
| Cynergy was formerly known as Bank of Cyprus, which has operated in the UK since 1955, and looks after £1.76bn of savings |
|
4.35% | £1,000 / £250,000 | Branch | Branch |
| DF Capital are a specialist commercial bank, based in the UK, lending to Small & Medium sized Enterprises (SMEs) in the UK. They were authorised as a bank in September 2020. You can find out more about them here |
|
4.10% | £1,000 / £500,000 | Branch | Branch |
| Furness Building Society is based in Barrow-in-Furness and was founded in 1865. It looks after £920m of savers deposits. |
|
4.15% | £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. |
|
4.05% | £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.
|
|
4.20% | £1,000 / £1m | Branch | Branch |
| LHV Bank in the UK was originally a branch in 2018 but became a bank in its own right in 2023. LHV Bank is a subsidiary of LHV Group which is an Estonia based financial group. This 1 Year Fixed rate is its first direct foray in to the UK savings market having previously offered products via Hargreaves Lansdown's and Raisin's savings platforms |
|
4.30% | £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. |
|
4.07% | £500 / £1m | Branch | Branch |
| NS&I's savings are fully protected by the government. |
|
4.23% | £1,000 / £250,000 | Branch | Branch |
| OakNorth launched in 2015 and offers debt and property finance to UK small and medium size enterprises. OakNorth change their rates frequently so move quickly if this rate appeals You can find out more about them here |
|
4.31% | £1,000 / £2,500,000 | Branch | Branch |
| A competitive rate from Tandem Bank, who acquired Harrods Bank in January 2018. |
|
4.21% | £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. |
|
4.23% | £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. |
|
4.08% | £1,000 / £250,000 | Branch | Branch |
| Vanquis Bank is part of the Provident Financial Group, which was founded in 2002 and looks after £1.68bn of deposits. You can find out more about Vanquis in our banking directory here |
|
4.09% | £1,000 / £500,000 | Branch | Branch |
| Vida Bank was authorised in 2024 and launched its first savings products on 5th December 2024. It allows 21 days for savers to make an initial deposit otherwise the account will be closed. |
|
4.10% | £1 / £250,000 | Branch | Branch |
| Zopa started life as a peer to peer lending business in 2005 but became a licensed bank in 2019 and launched their first savings accounts in August 2020. You can find out more about them here |