1 Year Fixed
Provider | Rate | Min/Max Deposit | Opening Account | Accessing Account | Interest Options | SG Verdict |
---|---|---|---|---|---|---|
|
5.05% | £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 |
|
5.16% | £10,000 / £250,000 | Branch | Branch |
| 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 |
|
5.11% | £1,000 / £1,000,000 | Branch | Branch |
| Peterborough based Aldermore launched in 2009 and look after over £13.1bn of deposits. You can find out more about them here |
|
5.11% | £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. |
|
5.07% | £1,000 / £1m | Branch | Branch |
| This product is provided by Emirates NBD Bank 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 |
|
5.05% | £1,000 / £1m | Branch | Branch |
| This product is provided by Paragon Bank 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. |
|
5.05% | £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 |
|
5.05% | £1,000 / £100,000 | Branch | Branch |
| StreamBank was awarded a banking licence in June 2022 and launched its first savings products on 21st February 2023. |
|
5.21% | £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 |
|
5.11% | £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 |
|
5.05% | £5,000 / £1m | Branch | Branch |
| Habib Bank Zurich has been trading in the UK since 1974 and has eight branches in London, Manchester, Birmingham and Leicester. Habib offer a generous 30 days to fund your bond, once opened. Savers should note that, while this account can be opened online, it can only be managed by post |
|
5.06% | £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.
|
|
5.05% | £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 |
|
5.11% | £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 |
|
5.25% | £1,000 / £1,000,000 | Branch | Branch |
| Birmingham based Secure Trust Bank look after over £2bn of deposits. Their products tend not to be able for long so move quickly if this rate appeals. Find out more about them here |
|
5.06% | £1,000 / £2,000,000 | Branch | Branch |
| Essex based Shawbrook launched in 2011 and looks after £7.84bn of savings Find out more about them here |
|
5.16% | £10,000 / £85,000 | Branch | Branch |
| Wrexham based Chetwood Financial got its banking licence at the end of 2018 following a £40m investment from Elliott Advisors. It lends its money to consumers via ‘dynamic loans’ which adapts the rate as consumer’s credit scores improve Find out more about them here |
|
5.06% | £2,000 / £5,000,000 | Branch | Branch |
| Tesco Bank only accept one single lump sum to fund the account so this is only suitable for savers who can fund with the entire amount in one go. |
|
5.10% | £2,000 / £2,000,000 | Branch | Branch |
| Zenith Bank UK is a subsidiary of Zenith Bank Plc, one of Nigeria’s leading banks. Savers should note that, while this account can be opened online, it can only be managed by post |