3 Year Fixed
| Provider | Rate | Min/Max Deposit | Opening Account | Accessing Account | Interest Options | SG Verdict |
|---|---|---|---|---|---|---|
|
2.42% | £1,000 / 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 rate and variety of channels to open and manage their account |
|
2.35% | £10,000 / £2,000,000 | Branch | Branch |
| This account pays expected profit, rather than interest, to meet Sharia law requirements. This and their high minimum balance level may make this account less attractive to savers but it is the joint best rate in the market. |
|
2.35% | £1,000 / £1,000,000 | Branch | Branch |
| Ikano Bank is owned by the Kamprad family who founded Ikea. Ikano tend to be more competitive for longer term fixed rate bonds. Deposits are protected by the Swedish Deposit Insurance Scheme up to £85,000. |
|
2.37% | £1,000 / £100,000 | Branch | Branch |
| Excellent online only rate with monthly interest option too from Birmingham based Paragon Bank |
|
2.36% | £1,000 / £250,000 | Branch | Branch |
| PCF Bank are the newest entrant to the market having been awarded their banking licence in July 2017. |
|
2.40% | £1,000 / £2,500,000 | Branch | Branch |
| Tandem Bank acquired Harrods Bank in January 2018. The bond only allows one payment in to fund the account and cannot be managed online. These factors may limit the attractiveness for savers |