5 Year Fixed
Provider | Rate | Min/Max Deposit | Opening Account | Accessing Account | Interest Options | SG Verdict |
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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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1.15% | £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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1.50% | £1,000 / £85,000 | Branch | Branch |
| This account pays expected profit, rather than interest, to meet Sharia law requirements. |
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1.11% | £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. |
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1.00% | £500 / £1m | Branch | Branch |
| Based in Belfast, Progressive was founded in 1914 and is the 12th largest building society in the UK looking after £1.56bn of deposits |
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1.25% | £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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1.25% | £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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1.00% | £1,000 / £1,000,000 | Branch | Branch |
| Union Bank of India (UK) is a subsidiary of Union Bank of India, one of the largest public sector banks in India |
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1.10% | £5,000 / £1,000,000 | Branch | Branch |
| 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 |
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1.00% | £1,000 / £250,000 | Branch | Branch |
|
Vanquis Bank is part of the Provident Financial Group, which was founded in 2002 |
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1.05% | £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. |