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.
Everyone’s talking about the Pensioner Bond at the moment, and with good reason! Boasting impressive... More
The latest official inflation figures, released this morning, show that the Consumer Prices Index (C... More
More details about the much-anticipated Pensioner Bonds were finally released late on Friday, and it... More
If you’re looking for the best returns on your hard-earned cash, but don’t want to lock your money a... More
There’s no getting away from it – savings rates aren’t exactly enticing at the moment. Unfortunately... 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
United Bank UK has increased selected rates by up to 0.54%, catapulting three of its accounts into t... More
Secure Trust Bank has unveiled a new two-year savings bond, which has shot straight to the top of th... More
Secure Trust Bank has unleashed a highly competitive three-year fixed rate bond and 120-day notice a... More
Hampshire Trust Bank has launched a new 18 month fixed rate account, which has gone straight into th... More
Aldermore has reviewed its fixed rate savings accounts and reduced selected bonds. However, its five... More
Moneyfacts.co.uk will, like most other websites, place cookies onto your computer’s
hard drive. This includes tracking cookies.