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Use our comparison table and filters to find the best rates for one-year fixed rate bonds.  If you would like more information about one-year fixed rate bonds read our guide below.

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Bank of London and The Middle East Logo
Bank of London and The Middle East Premier Deposit Account (Anticipated Profit Rate) FSCS logo
FSCS logo
AER
2.30%
Expected Rate
Account Type
Fixed
Notice / Term
18 Month Bond
Interest Paid
Anniversary
Opening Account
Managing Account
Go To Provider's Site
Rates
Access
Information
Opening Restrictions
Additional Information

Rates

Rate 2.30% paid at £1K
AER 2.30% paid at £1K
Expected Profit Paid Anniversary
Interest payment Interest must be paid away
Min Opening Amount £1,000
Max Investment £1,000,000
Introductory bonus N/A

Access

Withdrawals Allowed
Early Access Allowed
Access Note
N/A
Further Additions Allowed
At the end of the fixed term
Your provider will write to you before the account matures. If you don’t give them any instructions, the money in the account will be paid into a linked or nominated account

Information

Min Age 18
Max Age 0
Taxation
Interest is paid without tax being deducted, but may be taxable depending on your personal circumstances

Opening Restrictions

Linked Product (Non-Funded): Must have or open a BLME transfer account to hold funds pending investment

Additional Information

This bank operates under Islamic finance principles, the rates displayed represent the expected profit rate.
Bank of London and The Middle East Logo
Bank of London and The Middle East Premier Deposit Account (Anticipated Profit Rate) FSCS logo
FSCS logo
AER
2.20%
Expected Rate
Account Type
Fixed
Notice / Term
1 Year Bond
Interest Paid
On Maturity
Opening Account
Managing Account
Go To Provider's Site
Rates
Access
Information
Opening Restrictions
Additional Information

Rates

Rate 2.20% paid at £1K
AER 2.20% paid at £1K
Expected Profit Paid On Maturity
Interest payment Interest must be paid away
Min Opening Amount £1,000
Max Investment £1,000,000
Introductory bonus N/A

Access

Withdrawals Allowed
Early Access Allowed
Access Note
N/A
Further Additions Allowed
At the end of the fixed term
Your provider will write to you before the account matures. If you don’t give them any instructions, the money in the account will be paid into a linked or nominated account

Information

Min Age 18
Max Age 0
Taxation
Interest is paid without tax being deducted, but may be taxable depending on your personal circumstances

Opening Restrictions

Linked Product (Non-Funded): Must have or open a BLME transfer account to hold funds pending investment

Additional Information

This bank operates under Islamic finance principles, the rates displayed represent the expected profit rate.
QIB (UK) Logo
QIB (UK) Raisin UK - 18 Month Fixed Term Deposit FSCS logo
FSCS logo
AER
2.15%
Expected Rate
Account Type
Fixed
Notice / Term
18 Month Bond
Interest Paid
On Maturity
Opening Account
Managing Account
Go To Provider's Site
Rates
Access
Information
Opening Restrictions
Additional Information

Rates

Rate 2.15% paid at £1K
AER 2.15% paid at £1K
Expected Profit Paid On Maturity
Interest payment Interest paid on maturity
Min Opening Amount £1,000
Max Investment £85,000
Introductory bonus N/A

Access

Withdrawals Allowed
Early Access Allowed
Access Note
N/A
Further Additions Allowed
At the end of the fixed term
Your provider will write to you before the account matures. If you don’t give them any instructions, the money in the account will be paid into a linked or nominated account

Information

Min Age 18
Max Age 0
Taxation
Interest is paid without tax being deducted, but may be taxable depending on your personal circumstances

Opening Restrictions

N/A

Additional Information

This bank operates under Islamic finance principles, the rates displayed represent the expected profit rate. Raisin UK is a savings marketplace offering a range of accounts. By clicking through for this product you will be directed to Raisin UK Savings Marketplace, who will administer your application. You will need to set up a Raisin UK account online and accept their terms and conditions before you apply. Raisin UK are offering a bonus of up to £100 when you open a savings account via their website. Terms and conditions apply.
QIB (UK) Logo
QIB (UK) Raisin UK - 1 Year Fixed Term Deposit FSCS logo
FSCS logo
AER
2.05%
Expected Rate
Account Type
Fixed
Notice / Term
1 Year Bond
Interest Paid
On Maturity
Opening Account
Managing Account
Go To Provider's Site
Rates
Access
Information
Opening Restrictions
Additional Information

Rates

Rate 2.05% paid at £1K
AER 2.05% paid at £1K
Expected Profit Paid On Maturity
Interest payment Interest paid on maturity
Min Opening Amount £1,000
Max Investment £85,000
Introductory bonus N/A

Access

Withdrawals Allowed
Early Access Allowed
Access Note
N/A
Further Additions Allowed
At the end of the fixed term
Your provider will write to you before the account matures. If you don’t give them any instructions, the money in the account will be paid into a linked or nominated account

Information

Min Age 18
Max Age 0
Taxation
Interest is paid without tax being deducted, but may be taxable depending on your personal circumstances

Opening Restrictions

N/A

Additional Information

This bank operates under Islamic finance principles, the rates displayed represent the expected profit rate. Raisin UK is a savings marketplace offering a range of accounts. By clicking through for this product you will be directed to Raisin UK Savings Marketplace, who will administer your application. You will need to set up a Raisin UK account online and accept their terms and conditions before you apply. Raisin UK are offering a bonus of up to £100 when you open a savings account via their website. Terms and conditions apply.
Hampshire Trust Bank Logo
Hampshire Trust Bank 1 Year Bond (Issue 26) FSCS logo
FSCS logo
AER
1.90%
Account Type
Fixed
Notice / Term
1 Year Bond
Interest Paid
On Maturity
Opening Account
Managing Account
Go To Provider's Site
Rates
Access
Information
Opening Restrictions
Additional Information

Rates

Rate 1.90% paid at £1K
AER 1.90% paid at £1K
Interest Paid On Maturity
Interest payment Interest must be compounded
Min Opening Amount £1,000
Max Investment £250,000
Introductory bonus N/A

Access

Withdrawals Allowed
Early Access Allowed
Access Note
N/A
Further Additions Allowed
At the end of the fixed term
Your provider will write to you before the account matures. If you don’t give them any instructions, the money in the account will be paid into a variable rate account pending instructions/withdrawal

Information

Min Age 18
Max Age 0
Taxation
Interest is paid without tax being deducted, but may be taxable depending on your personal circumstances

Opening Restrictions

N/A

Additional Information

N/A
Zenith Bank (UK) Ltd Logo
Zenith Bank (UK) Ltd 1 Year Fixed Term Deposit FSCS logo
FSCS logo
AER
1.90%
Account Type
Fixed
Notice / Term
1 Year Bond
Interest Paid
On Maturity
Opening Account
Managing Account
Go To Provider's Site
Rates
Access
Information
Opening Restrictions
Additional Information

Rates

Rate 1.90% paid at £1K
AER 1.90% paid at £1K
Interest Paid On Maturity
Interest payment Interest must be compounded
Min Opening Amount £1,000
Max Investment £2,000,000
Introductory bonus N/A

Access

Withdrawals Allowed
Early Access Allowed
Access Note
N/A
Further Additions Allowed
At the end of the fixed term
Your provider will write to you before the account matures. If you don’t give them any instructions, the money in the account will be paid into a linked or nominated account

Information

Min Age 18
Max Age 0
Taxation
Interest is paid without tax being deducted, but may be taxable depending on your personal circumstances

Opening Restrictions

N/A

Additional Information

N/A
Aldermore Logo
Aldermore 1 Year Fixed Rate Account FSCS logo
FSCS logo
AER
1.85%
Account Type
Fixed
Notice / Term
1 Year Bond
Interest Paid
On Maturity
Opening Account
Managing Account
Go To Provider's Site
Rates
Access
Information
Opening Restrictions
Additional Information

Rates

Rate 1.85% paid at £1K
AER 1.85% paid at £1K
Interest Paid On Maturity
Interest payment Interest can be paid away or compounded
Min Opening Amount £1,000
Max Investment £1,000,000
Introductory bonus N/A

Access

Withdrawals Allowed
Early Access Allowed
Access Note
N/A
Further Additions Allowed
At the end of the fixed term
Your provider will write to you before the account matures. If you don’t give them any instructions, the money in the account will be reinvested in a further Fixed Rate/Fixed Term account on equivalent/similar terms

Information

Min Age 18
Max Age 0
Taxation
Interest is paid without tax being deducted, but may be taxable depending on your personal circumstances

Opening Restrictions

N/A

Additional Information

N/A
Axis Bank UK Ltd Logo
Axis Bank UK Ltd Raisin UK - 1 Year Fixed Term Deposit FSCS logo
FSCS logo
AER
1.85%
Account Type
Fixed
Notice / Term
1 Year Bond
Interest Paid
On Maturity (Compounded Annually)
Opening Account
Managing Account
Go To Provider's Site
Rates
Access
Information
Opening Restrictions
Additional Information

Rates

Rate 1.85% paid at £1K
AER 1.85% paid at £1K
Interest Paid On Maturity (Compounded Annually)
Interest payment Interest paid on maturity
Min Opening Amount £1,000
Max Investment £85,000
Introductory bonus N/A

Access

Withdrawals Allowed
Early Access Allowed
Access Note
N/A
Further Additions Allowed

Information

Min Age 18
Max Age 0
Taxation
Interest is paid without tax being deducted, but may be taxable depending on your personal circumstances

Opening Restrictions

N/A

Additional Information

Raisin UK is a savings marketplace offering a range of accounts. By clicking through for this product you will be directed to Raisin UK Savings Marketplace, who will administer your application. You will need to set up a Raisin UK account online and accept their terms and conditions before you apply. Raisin UK are offering a bonus of up to £100 when you open a savings account via their website. Terms and conditions apply.
RCI Bank UK Logo
RCI Bank UK Fixed Term Savings Account FSCS logo
FSCS logo
AER
1.71%
Account Type
Fixed
Notice / Term
1 Year Bond
Interest Paid
Anniversary
Opening Account
Managing Account
Go To Provider's Site
Rates
Access
Information
Opening Restrictions
Additional Information

Rates

Rate 1.71% paid at £1K
AER 1.71% paid at £1K
Interest Paid Anniversary
Interest payment Interest must be compounded
Min Opening Amount £1,000
Max Investment £1,000,000
Introductory bonus N/A

Access

Withdrawals Allowed
Early Access Allowed
Access Note
N/A
Further Additions Allowed
At the end of the fixed term
Your provider will write to you before the account matures. If you don’t give them any instructions, the money in the account will be paid into a variable rate account pending instructions/withdrawal

Information

Min Age 18
Max Age 0
Taxation
Interest is paid without tax being deducted, but may be taxable depending on your personal circumstances

Opening Restrictions

N/A

Additional Information

N/A
ICICI Bank UK Logo
ICICI Bank UK Raisin UK - 9 Month Fixed Term Deposit FSCS logo
FSCS logo
AER
1.65%
Account Type
Fixed
Notice / Term
9 Month Bond
Interest Paid
On Maturity
Opening Account
Managing Account
Go To Provider's Site
Rates
Access
Information
Opening Restrictions
Additional Information

Rates

Rate 1.65% paid at £1K
AER 1.65% paid at £1K
Interest Paid On Maturity
Interest payment Interest must be paid away
Min Opening Amount £1,000
Max Investment £85,000
Introductory bonus N/A

Access

Withdrawals Allowed
Early Access Allowed
Access Note
N/A
Further Additions Allowed
At the end of the fixed term
Your provider will write to you before the account matures. If you don’t give them any instructions, the money in the account will be paid into a variable rate account pending instructions/withdrawal

Information

Min Age 18
Max Age 0
Taxation
Interest is paid without tax being deducted, but may be taxable depending on your personal circumstances

Opening Restrictions

N/A

Additional Information

Raisin UK is a savings marketplace offering a range of accounts. By clicking through for this product you will be directed to Raisin UK Savings Marketplace, who will administer your application. You will need to set up a Raisin UK account online and accept their terms and conditions before you apply. Raisin UK are offering a bonus of up to £100 when you open a savings account via their website. Terms and conditions apply.

Select a Savings Category

Note

Eligible deposits with UK institutions are protected by the Financial Services Compensation Scheme up to a maximum level of protection of £85,000 per person per institution.

Disclaimer

All rates subject to change without notice. Please check all rates and terms before investing or borrowing.

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One-year fixed rate bonds

Leanne Macardle

Leanne Macardle

Editor
Published: 30/01/2019

At a glance

  • One-year fixed rate bonds are a great short-term savings option as rates tend to be higher than on notice and easy access accounts.
  • Most one-year fixed rate bonds do not let you access your money early.
  • The best rates usually offered by smaller providers.
  • All banks and building societies we list are covered by the Financial Services Compensation Scheme (or European equivalent).

Why should I choose a one-year fixed rate bond?

If you can afford to lock your savings away for 12 months or longer, a one-year fixed rate bond can earn you more interest than a notice account or an easy access savings account.

What else do I need to know?

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 – in this instance, it will be for one-year. Most one-year fixed rate bonds will not let you have access to your money once it’s been deposited until the bond matures.

Don’t recognise a fixed rate bond provider?

The recent trend in the one-year fixed rate bond market is for the best rates to be offered by smaller, relatively unknown banks. These are often referred to as challenger banks.

Learn more about challenger banks

Be reassured that all banks and building societies listed by moneyfacts.co.uk must 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 the bank or building society were to go bust.

Learn more about depositor protection

money being saved into piggy bank

At a glance

  • One-year fixed rate bonds are a great short-term savings option as rates tend to be higher than on notice and easy access accounts.
  • Most one-year fixed rate bonds do not let you access your money early.
  • The best rates usually offered by smaller providers.
  • All banks and building societies we list are covered by the Financial Services Compensation Scheme (or European equivalent).
Best 1 Year Fixed Rate Bonds
Provider AER Account Type Notice / Term Min Investment
Al Rayan Bank Logo Al Rayan Bank Fixed Term Deposit 2.32% Fixed 18 Month Bond £1,000
Bank of London and The Middle East Logo Bank of London and The Middle East Premier Deposit Account (Anticipated Profit Rate) 2.30% Fixed 18 Month Bond £1,000
Bank of London and The Middle East Logo Bank of London and The Middle East Premier Deposit Account (Anticipated Profit Rate) 2.20% Fixed 1 Year Bond £1,000
Al Rayan Bank Logo Al Rayan Bank Fixed Term Deposit 2.17% Fixed 12 Month Bond £1,000

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