1 Year Fixed
Provider | Rate | Min/Max Deposit | Opening Account | Accessing Account | Interest Options | SG Verdict |
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6.12% | £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 |
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6.10% | £1,000 / £85,000 | Branch | Branch |
| 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 |
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6.12% | £5,000 / £85,000 | Branch | Branch |
| This product is only available via the Raisin UK savings platform. You can find out more about Raisin here |
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6.10% | £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. |
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6.00% | £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 |
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6.00% | £1,000 / £1,000,000 | Branch | Branch |
| This account pays expected profit, rather than interest, to meet Sharia law requirements. You can find out more about them here |
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6.00% | £10,000 / £2,000,000 | 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 |
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6.05% | £500 / £2,000,000 | Branch | Branch |
| Essex based Ford Money’s launched in April 2017. Their fixed rate bonds tend not to be available for long so move quickly if this rate appeals. |
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6.00% | £1 / £100,000 | Branch | Branch |
| This fixed rate bond has a fixed maturity date of 14th August 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. |
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6.03% | £5,000 / £1,000,000 | 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 |
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6.00% | £1,000 / £1,000,000 | Branch | Branch |
| Ikano Bank is owned by the Kamprad family who founded Ikea. You can find out more about them here |
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6.20% | £500 / £1m | Branch | Branch |
| NS&I's Guaranteed Growth Bond pays a market leading rate of 6.20% and they are fully protected by the government. There is also an income version of this product which pays monthly interest. NS&I have come in for heavy criticism for their customer service though and their Trustpilot score is just 1.3 / 5. |
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6.11% | £1,000 / £500,000 | Branch | Branch |
| Oxbury is a specialist agricultural bank, focused on lending to UK farms. It got its banking licence in 2020 and launched savings accounts in February 2021. Savers will need a smartphone to download the Oxbury Banking App as part of the security measures to access their online account You can find out more about them here |
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6.01% | £5,000 / £1m | Branch | Branch |
| Sainsbury’s Bank opened in 1999 and was the first supermarket bank to open in the UK. |
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6.00% | £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 |
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6.11% | £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. |