Moneyfacts.co.uk Best Buys show the best products chosen by our independent experts. Where we have been able to we have also provided a link for you to open an account today. Products shown with a yellow background are sponsored products.
If you can afford to not have access to your savings for 12 months or longer, a fixed rate bond can earn you more interest than a notice or easy access savings account.
When taking out a fixed rate bond, you are making an agreement with the bank or building society that you won't withdraw your cash for a specified period of time. Most 1 year fixed rate bonds will not let you have access to your money once it’s been deposited, until the bond matures.
The recent trend in the 1 year fixed rate bond market is for the best rates to be offered by smaller, relatively unknown banks.
All banks and building societies listed by moneyfacts.co.uk have to be UK-licensed and part of the Financial Services Compensation Scheme (or an equivalent). This means that you can be safe in the knowledge that the first £85,000 you have saved is protected, if you are worried about what would happen if a bank or building society went bust.
Best buys are a great guide to the top rates in a given market, but we’d always urge you to do you own research too before making a decision. You might feel that you’re more comfortable putting your money with a brand you are a little more familiar with – you can compare all 1 year fixed rate bonds currently available by using our savings search tool.
Savings home Search all savings accounts
Monthly Savings PlanFind out what your regular savings plan could be worth.
Lump Sum InvestmentsUse our interest calculator to work out what interest you could earn on your lump sum. Find out what your lump sum investment plan could be worth.
The latest official inflation figures show that the Consumer Prices Index (CPI) fell to 1.6% in July... More
Getting a decent return from your savings takes more than putting money in the first account you com... More
With savings rates still tending to frustrate rather than elate, savers have increasingly been looki... More
If you’re looking to secure the best rate on your savings, you generally have one of two options – t... More
There’s nothing worse than squirreling away your hard-earned cash into a savings account, only to fi... More
Islamic savings accounts offer a Sharia’a-compliant way of saving for Muslims living in the UK, as w... More
Find out where your bank or building society is licenced, and what deposit protection guarantees you... More
Savings accounts for the over 50s can offer a better rate, but not always. Make sure you always comp... More
HSBC has increased the rate on its popular children’s account by up to 1.96%, seeing it storm up the... More
AA has increased the rate on its no notice savings account by 0.20%, seeing it storm up the Moneyfac... More
Nottingham Building Society has increased the rate on its easy access account by 0.09%, securing it ... More
West Brom Building Society has increased its five-year bond rate by 0.25%, achieving a top ten rate ... More
Market Harborough Building Society has revamped its savings range, launching two new fixed rate bond... More
Moneyfacts.co.uk will, like most other websites, place cookies onto your computer’s
hard drive. This includes tracking cookies.