3 Year Fixed
Provider | Rate | Min/Max Deposit | Opening Account | Accessing Account | Interest Options | SG Verdict |
---|---|---|---|---|---|---|
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0.95% | £5,000 / No Maximum | 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 variety of channels to open and manage their account |
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1.00% | £1,000 / £1,000,000 | Branch | Branch |
| This account pays expected profit, rather than interest, to meet Sharia law requirements. |
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0.85% | £500 / £2,000,000 | Branch | Branch |
| Essex based Ford Money launched in April 2017 and look after approximately £2bn of deposits. |
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1.10% | £1,000 / £85,000 | Branch | Branch |
| This account pays expected profit, rather than interest, to meet Sharia law requirements. |
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0.81% | £1,000 / £1,000,000 | Branch | Branch |
| Ikano Bank is owned by the Kamprad family who founded Ikea |
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0.90% | £1,000 / £500,000 | Branch | Branch |
| Oxbury is a specialist agricultural bank, focused on lending to UK farms. It got its banking licence in 2020 and launched savings accounts in February 2021. Savers will need a smartphone to download the Oxbury Banking App as part of the security measures to access their online account |
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0.85% | £1,000 / £100,000 | Branch | Branch |
| Birmingham based Paragon launched in 2014 and look after over £7.8bn of savings deposits. |
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0.80% | £1,000 / £2,000,000 | Branch | Branch |
| Competitive rate from Essex based Shawbrook Bank, who have been in the savings market since 2011 and look after over £6bn of deposits |
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0.85% | £2,000 / £1,000,000 | Branch | Branch |
| United Bank UK was formed in 2001 from the merger of two Pakistani banks. It has branches in Ilford, Bradford, Birmingham, Glasgow Manchester and London |
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0.85% | £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. |