5 Year Fixed | The Savings Guru

5 Year Fixed

Provider	Rate	Min/Max Deposit	Opening Account	Accessing Account	Interest Options	SG Verdict
BLME	1.50%	£1,000 / £1,000,000	Branch App Internet Post Telephone	Branch App Internet Post Telephone	Paid Annually Paid Away	This account pays expected profit, rather than interest, to meet Sharia law requirements.
Cambridge Building Society	1.10%	£500 / £2m	Branch App Internet Post Telephone	Branch App Internet Post Telephone	Paid Annually Paid 31st December	- Competitive rate from Cambridge, which is the 13th largest building society in the UK looking after over £1.24bn of deposits, and who are one of the few providers to have their own savings app
ZZ Close Brothers	1.30%	£10,000 / £2,000,000	Branch App Internet Post Telephone	Branch App Internet Post Telephone	Anniversary Paid Annually Paid Away	Close has been trading since 1878, is listed on the FTSE 250 and looks after £5.5bn of savings
Furness Building Society	1.10%	£1,000 / £500,000	Branch App Internet Post Telephone	Branch App Internet Post Telephone	Anniversary Paid Away or Compounded Paid Annually Added to the account	Furness Building Society is based in Barrow-in-Furness and was founded in 1865. It looks after £920m of savers deposits.
Gatehouse Bank	1.20%	£1,000 / £85,000	Branch App Internet Post Telephone	Branch App Internet Post Telephone	Anniversary Paid Annually Paid Away	This account pays expected profit, rather than interest, to meet Sharia law requirements.
Hodge Bank	1.10%	£1,000 / £1,000,000	Branch App Internet Post Telephone	Branch App Internet Post Telephone	Paid Away or Compounded Paid Monthly Paid Annually Annual interest paid 31st March	Hodge bank is based in South Wales and was authorised in 1987. It looks after just over £1bn of deposits.
A Ikano Bank	1.41%	£1,000 / £1,000,000	Branch App Internet Post Telephone	Branch App Internet Post Telephone	Anniversary Paid Away or Compounded	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.
JN Bank	1.30%	£1,000 / £250,000	Branch App Internet Post Telephone	Branch App Internet Post Telephone	Paid Annually Added to the account	JN Bank are the first Carribean bank to be authorised in the UK and launched on 8th October 2020.
https://www.shawbrook.co.uk/direct/savings/personal-savings/fixed-term-accounts/5-year-fixed-rate/	1.25%	£1,000 / £2,000,000	Branch App Internet Post Telephone	Branch App Internet Post Telephone	Paid Annually Paid Compounded Paid on monthly or annual anniversary of account opening	Competitive rate from Essex based Shawbrook, who launched in 2011 and look after over £6bn of deposits
UBL	1.25%	£2,000 / £1,000,000	Branch App Internet Post Telephone	Branch App Internet Post Telephone	Anniversary Paid Monthly Paid Annually Paid Away	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.
United Trust	1.15%	£5,000 / £1,000,000	Branch App Internet Post Telephone	Branch App Internet Post Telephone	Paid Away or Compounded Paid Annually	Competitive rate from London based specialist lender United Trust. Savers should note that, while this account can be opened online, it can only be managed by post or at UTB’s branch in Moorgate, London
Zopa Bank	1.10%	£1,000 / £250,000	Branch App Internet Post Telephone	Branch App Internet Post Telephone	Paid Monthly Paid Compounded	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.

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