1 Year Fixed
| Provider | Rate | Min/Max Deposit | Opening Account | Accessing Account | Interest Options | SG Verdict |
|---|---|---|---|---|---|---|
|
5.70% | £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 |
|
5.40% | £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 |
|
5.50% | £1,000 / £85,000 | Branch | Branch |
| This product is only available via the Raisin UK platform. You can find out more about Raisin here |
|
5.65% | £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 |
|
5.40% | £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 |
|
5.50% | £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 |
|
5.45% | £5,000 / £1,000,000 | Branch | Branch |
| London based specialist lender United Trust launched in 1955 and look after £1.6bn of savings Find out more about them here |
|
5.50% | £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 |
|
5.57% | £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 |
|
5.55% | £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 |
|
5.50% | £10,000 / £1m | Branch | Branch |
| Cynergy was formerly known as Bank of Cyprus, which has operated in the UK since 1955, and looks after £1.76bn of savings |
|
5.55% | £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. |
|
5.50% | £1,000 / £1m | Branch | Branch |
| This account pays expected profit, rather than interest, to meet Sharia law requirements. |
|
5.50% | £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 |
|
5.45% | £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.
|
|
5.58% | £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 |
|
5.80% | £500 / £2,000,000 | Branch | Branch |
| Metro has 77 branches across the UK and has been in operation since 2009. It looks after £14.5bn of savings |
|
5.51% | £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 |
|
5.66% | £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 |
|
5.70% | £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. |
|
5.41% | £1,000 / £250,000 | Branch | Branch |
| Zopa started life as a peer to peer lending business in 2005 but became a licensed bank in 2019 and launched their first savings accounts in August 2020. You can find out more about them here |