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2 Year Fixed

Provider Rate Min/Max Deposit Opening Account Accessing Account Interest Options SG Verdict
BLME
1.75% £1,000 / £1,000,000

Branch
App
Internet
Post
Telephone

Branch
App
Internet
Post
Telephone

  • Paid Away or Compounded
  • Paid On Maturity

This account pays expected profit, rather than interest, to meet Sharia law requirements. 

Charter Savings Bank
1.63% £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

OakNorth Bank
1.65% £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 as we don't expect this rate to last beyond the end of March

RCI Bank
1.65% £1,000 / £1,000,000

Branch
App
Internet
Post
Telephone

Branch
App
Internet
Post
Telephone

  • Anniversary
  • Paid Compounded

RCI Bank is a UK licensed bank but is part of French car giant Renault and has been in the UK savings market since 2015. 

It looks after around £3bn of UK savers deposits

Secure Trust Bank
1.68% £1,000 / £1,000,000

Branch
App
Internet
Post
Telephone

Branch
App
Internet
Post
Telephone

  • Paid Away or Compounded
  • Paid Annually
  • Paid 31st December

Birmingham based Secure Trust Bank are a regular in our fixed rate bond tables.

Their products tend not to be able for long so move quickly if this rate appeals

United Trust Bank
1.65% £5,000 / £1,000,000

Branch
App
Internet
Post
Telephone

Branch
App
Internet
Post
Telephone

  • Paid On Maturity

Very competitive rate from London based specialist lender United Trust, which has a single branch in Moorgate, and allows 14 days to fund the account.

We don't expect this rate to last so move quickly if it appeals.  

 

Vanquis Bank
1.65% £1,000 / £250,000

Branch
App
Internet
Post
Telephone

Branch
App
Internet
Post
Telephone

  • Anniversary
  • Paid Away or Compounded
  • Paid Monthly
  • Paid Annually

Vanquis Bank is part of the Provident Financial Group, which was founded in 2002.

Wesleyan Bank
1.67% £1,000 / £250,000

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.

About The Savings Guru

We help savers get the best deal for their money by providing unique insight in to the savings market.  We help prospective banks apply for a banking licence and we help build customer services, products and marketing for them.  We also work with existing banks and building societies to improve their savings propositions.  This  insider view of savings means we are uniquely placed to help savers.

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