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2 Year Fixed

Provider Rate Min/Max Deposit Opening Account Accessing Account Interest Options SG Verdict
Allica Bank
3.01% £10,000 / £250,000

Branch
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Branch
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  • Paid Annually
  • Paid Compounded

Allica are based in Milton Keynes and were awarded their banking licence in 2019 and launched in April 2020. 

You can find out more about them here

 National Bank of Egypt - Raisin
2.90% £1,000 / £85,000

Branch
App
Internet
Post
Telephone

Branch
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  • Paid On Maturity

National Bank of Egypt UK was established in 1982 and offers a diverse range of products and services for its customers, including corporate banking, buy-to-let mortgages, retail banking, and trade finance.  It is a wholly-owned subsidiary of the National Bank of Egypt, Egypt’s oldest and largest bank.

This product is only available via the Raisin UK savings platform.  It currently comes with a £25 sign up bonus for Savings Guru customers.  You can find out more about Raisin, and how to claim the bonus here

 Paragon - Raisin
2.90% £1,000 / £85,000

Branch
App
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Telephone

Branch
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  • Paid On Maturity

This product is only available via the Raisin UK platform but comes with a £25 sign up bonus for Savings Guru customers.  You can find out more about Raisin, and how to claim the sign up bonus here

 QIB - Raisin
3.00% £1,000 / £85,000

Branch
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Telephone

Branch
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  • Paid On Maturity

This product is only available via the Raisin UK platform but comes with a £25 sign up bonus for Savings Guru customers.  You can find out more about Raisin, and how to claim the sign up bonus here

 United Trust Bank
2.90% £5,000 / £1,000,000

Branch
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Branch
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  • Paid On Maturity

London based specialist lender United Trust launched in 1955 and look after £1.6bn of savings

Find out more about them here

Atom Bank
2.90% £50 / £100,000

Branch
App
Internet
Post
Telephone

Branch
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Post
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  • Paid on Anniversary
  • Paid Away or Compounded
  • Paid Monthly
  • Paid Annually

Durham based Atom Bank has attracted over 20,000 customers and £1.5bn of savings since its launch in April 2016.

Savers can only access Atom’s products via their mobile app

You can find out more about them here

BLME
3.00% £1,000 / £1,000,000

Branch
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Post
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Branch
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  • Paid Away or Compounded
  • Paid On Maturity

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

You can find out more about them here

Castle Trust Bank
3.03% £1,000 / £500,000

Branch
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Branch
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  • Paid On Maturity

Castle Trust Bank was authorised in March 2020 and launched initially to existing customers only before offering fixed rate bonds in August 2021 and ISAs in September 2021

Charter Savings Bank
3.00% £5,000 / £1m

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

 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

Close Brothers
2.90% £10,000 / £2,000,000

Branch
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Branch
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Post
Telephone

  • Paid on Anniversary
  • Paid Annually
  • Paid Away

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

DF Capital - new
2.95% £1,000 / £250,000

Branch
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Branch
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  • Paid On Maturity

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

Kent Reliance
2.91% £1,000 / £1,000,000

Branch
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Branch
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  • Paid Away or Compounded
  • Paid Monthly
  • Paid Annually
  • Monthly interest paid on the last working day of the month Annual interest paid on 5th April
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
Monument Bank
3.05% £25,000 / £400,000

Branch
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Post
Telephone

Branch
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  • Paid on Anniversary
  • Paid Away or Compounded
  • Paid On Maturity

Monument Bank launched in December 2021 and plans to target mass affluent individuals via its mobile app.  Consequently, it has a much higher minimum balance requirement than other savings providers.

Paragon Bank
2.90% £1,000 / £100,000

Branch
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Internet
Post
Telephone

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

Birmingham based Paragon launched in 2014 and now look after £9.3bn of savings.

You can find out more about them in our banking directory here

RCI Bank
2.70% £1,000 / £1,000,000

Branch
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Branch
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  • Paid on Anniversary
  • Paid Compounded

Part of French car giant Renault, RCI are a UK licensed bank and covered by the Financial Services Compensation Scheme

You can find out more about them here

Sainsburys Bank
2.90% £5,000 / £1m

Branch
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Telephone

Branch
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  • Paid on Anniversary
  • Paid Annually
  • Paid Away

Sainsbury’s Bank opened in 1999 and was the first supermarket bank to open in the UK.

Shawbrook Bank
2.91% £1,000 / £2,000,000

Branch
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Post
Telephone

Branch
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Post
Telephone

  • Paid on Anniversary
  • Paid Away or Compounded
  • Paid Annually

Essex based Shawbrook launched in 2011 and looks after £7.84bn of savings

Find out more about them here

SmartSave
2.97% £10,000 / £85,000

Branch
App
Internet
Post
Telephone

Branch
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Post
Telephone

  • Paid on Anniversary
  • Paid Annually
  • Paid Compounded

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

Tandem Bank
2.90% £1,000 / £2.5m

Branch
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Telephone

Branch
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Telephone

  • Paid on Anniversary
  • Paid Annually
  • Paid Away

Tandem Bank acquired Harrods Bank in January 2018.

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.

Find out moreMeet the Team

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