5 Year Fixed
| Provider | Rate | Min/Max Deposit | Opening Account | Accessing Account | Interest Options | SG Verdict |
|---|---|---|---|---|---|---|
|
2.50% | £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 |
|
2.70% | £10,000 / £2,000,000 | Branch | Branch |
| Joint best rate in 2018 so far! 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 |
|
2.68% | £1,000 / £250,000 | Branch | Branch |
| Wolverhampton based Charter Savings is part of Chartercourt Financial Services. Charter Savings launched in 2015. |
|
2.70% | £10,000 / £2,000,000 | Branch | Branch |
|
Joint best rate of 2018 so far from Close Bank, who have been trading since 1878. Close is a FTSE 250 listed company |
|
2.70% | £1,000 / £1,000,000 | Branch | Branch |
| Joint best rate of 2018 so far! 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. |
|
2.68% | £10,000 / £1,000,000 | Branch | Branch |
| This account pays expected profit, rather than interest, to meet Sharia law requirements. |
|
2.66% | £1,000 / £100,000 | Branch | Branch |
| Competitive rate from Birmingham based Paragon who now have over £4bn of savings deposits. |