1 Year Fixed
| Provider | Rate | Min/Max Deposit | Opening Account | Accessing Account | Interest Options | SG Verdict |
|---|---|---|---|---|---|---|
|
4.85% | £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 |
|
4.90% | £1,000 / £1m | Branch | Branch |
| This account is provided by Al Rayan Bank on the Meteor Savings platform |
|
4.85% | £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 |
|
4.83% | £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. Find out more about them here |
|
4.76% | £1 / No maximum | Branch | Branch |
| This account is provided by Whiteaway Laidlaw (part of Shawbrook Bank) on Active Savings. Active Savings 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. |
|
4.86% | £1,000 / £250,000 | Branch | Branch |
| OakNorth launched in 2015 and offers debt and property finance to UK small and medium size enterprises. You can find out more about them here |
|
4.87% | £1,000 / £120,000 | Branch | Branch |
| This product is only available via the Raisin UK savings platform. You can find out more about Raisin here |
|
4.65% | £1,000 / £120,000 | Branch | Branch |
| Competitive rate from Cardiff based StreamBank who have been a mainstay of our best buy tables since their launch in 2023 You can find out more about StreamBank here |
|
4.77% | £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 |
|
4.85% | £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 |
|
4.80% | £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 |
|
4.88% | £10,000 / £250,000 | Branch | Branch |
| Additions can be made for up to 15 calendar days after account opening. Family is part of National Counties Building Society, the 11th largest Society in the UK, looking after over £2bn of savings. |
|
4.91% | £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. |
|
4.76% | £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.
|
|
4.85% | £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. |
|
4.82% | £500 / £1m | Branch | Branch |
| NS&I's savings are fully protected by the government. |
|
4.76% | £1,000 / £120,000 | Branch | Branch |
| We expect this product will only be available for a few days so move quickly if it appeals. Savers have 14 days to fund the account once opened. Recognise received its full banking licence in September 2021. You can find out more about them here |
|
4.87% | £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 |
|
4.84% | £2,000 / £5,000,000 | Branch | Branch |
| Tesco Bank allow multiple deposits, within the first 30 days of account opening. Savers total balance must be at least £2,000 and no more than £5 million by the end of this period. |
|
4.76% | £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. |
|
4.78% | £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 |