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1 Year Fixed

Provider Rate Min/Max Deposit Opening Account Accessing Account Interest Options SG Verdict
BLME
1.60% £1,000 / £1,000,000

Branch
App
Internet
Post
Telephone

Branch
App
Internet
Post
Telephone

  • Paid On Maturity
  • Paid Away

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

Charter Savings Bank
1.51% £5,000 / £1m

Branch
App
Internet
Post
Telephone

Branch
App
Internet
Post
Telephone

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

Wolverhampton based Charter Savings is part of Chartercourt Financial Services. Charter Savings launched in 2015.

It has grown to hold over £5bn of savers money since launch

Hampshire Trust Bank
1.55% £1,000 / £250,000

Branch
App
Internet
Post
Telephone

Branch
App
Internet
Post
Telephone

  • 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.
 
HTB look after around approximately £700m of deposits
 
While Hampshire Trust normally allow account opening by post, this has been suspended in the wake of the Covid-19 outbreak
Hodge Bank
1.51% £1,000 / £1,000,000

Branch
App
Internet
Post
Telephone

Branch
App
Internet
Post
Telephone

  • Paid Away or Compounded
  • Paid Monthly
  • Paid Annually
  • Annual interest paid 31st March
Hodge bank is based in South Wales and was authorised in 1987.  It looks after just under £1bn of deposits.
 
Although this account can be opened online, it cannot be managed by the internet
Investec
1.55% £25,000 / £1,000,000

Branch
App
Internet
Post
Telephone

Branch
App
Internet
Post
Telephone

  • Anniversary
  • Paid Monthly
  • Paid Annually
  • Paid Away
 
A highly competitive rate from Investec, the best for those wishing to apply and manage their account online.

The minimum investment of £25,000 may limit interest for some savers.

Kent Reliance
1.50% £1,000 / £1,000,000

Branch
App
Internet
Post
Telephone

Branch
App
Internet
Post
Telephone

  • Paid Away or Compounded
  • Paid Monthly
  • Paid Annually
  • Paid On Maturity
Very good rate from Kent Reliance, which is part of One Savings Bank, a FTSE 250 listed company.

Kent Reliance has 9 branches in Kent and the South East

Secure Trust Bank
1.58% £1,000 / £1,000,000

Branch
App
Internet
Post
Telephone

Branch
App
Internet
Post
Telephone

  • Paid Away or Compounded
  • Paid Annually
  • Paid 31st December

Birmingham based Secure Trust Bank look after over £2bn of deposits and periodically appear in our best buy tables.

Their products tend not to be able for long so move quickly if this rate appeals.

United Trust Bank
1.55% £500 / £1,000,000

Branch
App
Internet
Post
Telephone

Branch
App
Internet
Post
Telephone

  • Paid Away or Compounded
  • Paid Annually

Very competitive rate from London based specialist lender United Trust.  

Move quickly if you wish to secure this as we highly doubt it will be on sale by the end of this month

Savers should note that, while this account can be opened online, it can only be managed by post or at UTB’s branch in Moorgate, London

Vanquis Bank
1.60% £1,000 / £250,000

Branch
App
Internet
Post
Telephone

Branch
App
Internet
Post
Telephone

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

Vanquis Bank is part of the Provident Financial Group, which was founded in 2002.

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.

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