18 Month Fixed | The Savings Guru

18 Month Fixed

Provider	Rate	Min/Max Deposit	Opening Account	Accessing Account	Interest Options	SG Verdict
Al Rayan Bank	1.41%	£1,000 / No Maximum	Branch App Internet Post Telephone	Branch App Internet Post Telephone	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 variety of channels to open and manage their account
BLME	1.65%	£1,000 / £1,000,000	Branch App Internet Post Telephone	Branch App Internet Post Telephone	Paid Annually Paid Away	This account pays expected profit, rather than interest, to meet Sharia law requirements.
Charter Savings Bank	1.59%	£5,000 / £1,000,000	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	1.60%	£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
Investec	1.60%	£25,000 / £1,000,000	Branch App Internet Post Telephone	Branch App Internet Post Telephone	Anniversary Paid Monthly Paid Annually Paid Away	The minimum investment of £25,000 may limit interest for some savers on this product.
A Metro Bank	1.25%	£500 / £2,000,000	Branch App Internet Post Telephone	Branch App Internet Post Telephone	Paid Monthly Paid Annually	Metro Bank has 60 branches across the UK and has grown its customer deposits to £14.8bn, since its launch in 2008
OakNorth	1.42%	£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
Union Bank of India	1.05%	£1,000 / £1,000,000	Branch App Internet Post Telephone	Branch App Internet Post Telephone	Paid On Maturity	First entry in our 18 month tables from Union Bank of India (UK), which is a subsidiary of Union Bank of India, one of the largest public sector banks in India
Wesleyan Bank	1.60%	£1,000 / £250,0000	Branch App Internet Post Telephone	Branch App Internet Post Telephone	Anniversary	Wesleyan Bank was founded in Birmingham in 1841 and provides financial advice to select professional groups, notably GPs, hospital doctors, dentist, teachers and lawyers. Wesleyan looks after around £153m of deposits. Given its size, we don’t expect this rate to last long.

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