5 Year Fixed
Provider | Rate | Min/Max Deposit | Opening Account | Accessing Account | Interest Options | SG Verdict |
---|---|---|---|---|---|---|
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1.26% | £50 / £100,000 | Branch | Branch |
| 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 |
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1.10% | £1,000 / £1,000,000 | Branch | Branch |
| This account pays expected profit, rather than interest, to meet Sharia law requirements. |
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1.26% | £5,000 / £1,000,000 | Branch | Branch |
| Wolverhampton based Charter Savings is part of Chartercourt Financial Services, which launched in 2015, and has recently merged with One Savings Bank, which has a combined £16.3bn of savings balances |
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1.15% | £10,000 / £2,000,000 | Branch | Branch |
|
Close has been trading since 1878, is listed on the FTSE 250 and looks after £5.5bn of savings |
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1.40% | £1,000 / £85,000 | Branch | Branch |
| This account pays expected profit, rather than interest, to meet Sharia law requirements. |
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1.35% | £1,000 / £1,000,000 | Branch | Branch |
| Hodge bank is based in South Wales and was authorised in 1987. It looks after just over £1bn of deposits. |
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1.21% | £1,000 / £1,000,000 | Branch | Branch |
| Ikano Bank is owned by the Kamprad family who founded Ikea |
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1.17% | £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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1.31% | £1,000 / £2,000,000 | Branch | Branch |
| Competitive rate from Essex based Shawbrook, who launched in 2011 and look after over £7bn of deposits |
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1.10% | £2,000 / £1,000,000 | Branch | Branch |
| United Bank UK, which was formed in 2001 from the merger of two Pakistani banks, has branches in Ilford, Bradford, Birmingham, Glasgow Manchester and London. |
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1.27% | £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. |