1 Year Fixed | The Savings Guru

1 Year Fixed

Provider	Rate	Min/Max Deposit	Opening Account	Accessing Account	Interest Options	SG Verdict
z Al Rayan Bank	4.50%	£5,000 / No Maximum	Branch App Internet Post Telephone	Branch App Internet Post Telephone	Paid on Anniversary Paid Away or Compounded Paid Quarterly	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
Apply Now	4.32%	£1,000 / £85,000	Branch App Internet Post Telephone	Branch App Internet Post Telephone	Paid On Maturity	Ahli United Bank (UK) 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
Apply Now	4.31%	£25,000 / £400,000	Branch App Internet Post Telephone	Branch App Internet Post Telephone	Paid on Anniversary Paid Away or Compounded Paid On Maturity	Monument Bank launched in December 2021 and offers competitive savings rates to affluent individuals via its mobile banking app
Apply Now	4.20%	£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 savings platform. You can find out more about Raisin here
g Atom Bank	4.30%	£50 / £100,000	Branch App Internet Post Telephone	Branch App Internet Post Telephone	Paid on Anniversary Paid Away or Compounded Paid Monthly Paid Annually	Durham based Atom Bank has attracted over £3.2bn 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
k Charter Savings Bank	4.26%	£5,000 / £1m	Branch App Internet Post Telephone	Branch App Internet Post Telephone	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
z Close Brothers	4.30%	£10,000 / £2,000,000	Branch App Internet Post Telephone	Branch App Internet 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
g DF Capital	4.33%	£1,000 / £250,000	Branch App Internet Post Telephone	Branch App Internet Post Telephone	Paid On Maturity	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
Gatehouse Bank	4.35%	£1,000 / £1m	Branch App Internet Post Telephone	Branch App Internet Post Telephone	Paid Annually Paid On Maturity Paid Away	This account pays expected profit, rather than interest, to meet Sharia law requirements.
GB Bank	4.40%	£1 / £100,000	Branch App Internet Post Telephone	Branch App Internet Post Telephone	Paid Annually Paid On Maturity	This fixed rate bond has a fixed maturity date of 27th February 2024. 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.
Hodge Bank	4.30%	£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 over £1bn of deposits.
z OakNorth	4.32%	£1,000 / £250,000	Branch App Internet Post Telephone	Branch App Internet Post Telephone	Paid Annually Paid On Maturity	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
z SmartSaveBank	4.34%	£10,000 / £85,000	Branch App Internet Post Telephone	Branch App Internet Post Telephone	Paid on Anniversary Paid Annually Paid Compounded	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
Tandem Bank	4.25%	£1,000 / £2,500,000	Branch App Internet Post Telephone	Branch App Internet Post Telephone	Paid on Anniversary Paid Annually Paid Away	A competitive rate from Tandem Bank, who acquired Harrods Bank in January 2018.
Apply Now	4.20%	£5,000 / £1,000,000	Branch App Internet Post Telephone	Branch App Internet Post Telephone	Paid Away or Compounded Paid Annually	London based specialist lender United Trust launched in 1955 and look after £1.6bn of savings Find out more about them here
Vanquis	4.25%	£1,000 / £250,000	Branch App Internet Post Telephone	Branch App Internet Post Telephone	Paid on Anniversary Paid Away or Compounded Paid Monthly Paid Annually	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

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