Best 1-year fixed-rate bonds

All you need to know about 1-year fixed bonds. Compare accounts with interest rates up to 4.6% AER.

FSCS logo
Is my money safe?

The Financial Services Compensation Scheme (FSCS) guarantees that it will step in to compensate the first £85,000 (£170,000 for a joint account) you have saved with a UK-authorised bank, building society or credit union in the event that the business goes bust.

Compare 1-year fixed-rate bonds

Table: sorted by interest rate, promoted deals first
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Product UKFSA-SAV
Rate
Invest
Deposit protection
Open via
Incentive
Apply link
Return
4.3% AER fixed for 1 year
£1,000 - £1,000,000
FSCS logo
protected
Open via: website.
Go to site
View details
£12,516
at maturity
4.3% AER fixed for 1 year
£1,000 - £85,000
FSCS logo
protected
Open via: website, mobile app.
Get £100 cashback when you register with our code until 14/03/25, and fund your first savings account with £10,000 until 28/03/25. T&Cs apply.
Go to site
View details
£12,516
at maturity
Zenith Bank (UK) Ltd – 1 Year Fixed Term Deposit
Zenith Bank (UK) Ltd logo
4.6% AER fixed for 1 year
£1,000 - £2,000,000
FSCS logo
protected
Open via: website.
Go to site
View details
N/A
Close Brothers Savings – 1 Year Fixed Rate Bond
Close Brothers Savings logo
4.58% AER fixed for 1 year
£10,000 - £2,000,000
FSCS logo
protected
Open via: website.
Go to site
View details
N/A
SmartSave – 1 Year Fixed Rate Saver
SmartSave logo
4.56% AER fixed for 1 year
£10,000 - £85,000
FSCS logo
protected
Open via: website.
Go to site
View details
£12,547.20
at maturity
Zopa – 1 Year Fixed Term Savings
Zopa logo
4.55% AER fixed for 1 year
£1,000 - £250,000
FSCS logo
protected
Open via: website, mobile app.
Go to site
View details
£12,546
at maturity
Conister Bank – 1 Year Fixed Rate
Conister Bank logo
4.52% AER fixed for 1 year
£5,000 - £100,000
FSCS logo
protected
Open via: website.
View details
N/A
StreamBank – Fixed Rate Account - Issue 23
StreamBank logo
4.51% AER fixed for 1 year
£1,000 - £100,000
FSCS logo
protected
Open via: website.
Go to site
View details
N/A
StreamBank – Fixed Rate Account - Issue 23
StreamBank logo
4.51% AER fixed for 1 year
£1,000 - £100,000
FSCS logo
protected
Open via: website.
Go to site
View details
£12,541.20
at maturity
Progressive BS – Online 1 Year Fixed Rate Flexible Bond (Issue 2)
Progressive Building Society logo
4.5% AER fixed for 1 year
£1 - £1,000,000
FSCS logo
protected
Open via: website.
Go to site
View details
£12,540
at maturity
MBNA – Fixed Saver 1 Year
MBNA logo
4.5% AER fixed for 1 year
£1,000 - £750,000
FSCS logo
protected
Open via: website.
View details
£12,540
at maturity
Habib Bank Zurich plc – HBZ Fixed Rate eDeposit Account
Habib Bank Zurich plc logo
4.5% AER fixed for 1 year
£5,000 - £1,000,000
FSCS logo
protected
Open via: website.
Go to site
View details
£12,540
at maturity
FirstSave – FirstSave 1 Year Fixed Rate Bond
FirstSave logo
4.5% AER fixed for 1 year
£1,000 - £2,000,000
FSCS logo
protected
Open via: website.
Go to site
View details
£12,540
at maturity
FirstSave – FirstSave 1 Year Fixed Rate Bond
FirstSave logo
4.5% AER fixed for 1 year
£1,000 - £2,000,000
FSCS logo
protected
Open via: website.
Go to site
View details
£12,540
at maturity
Bank of London and The Middle East – 1 Year Premier Deposit Account
Bank of London and The Middle East logo
4.5% AER fixed for 1 year
£1,000 - £1,000,000
FSCS logo
protected
Open via: website. Additional account needed
Go to site
View details
£12,540
at maturity
Habib Bank Zurich plc – HBZ Fixed Rate Sirat eDeposit Account
Habib Bank Zurich plc logo
4.5% AER fixed for 1 year
£5,000 - £1,000,000
FSCS logo
protected
Open via: website.
Go to site
View details
£12,540
at maturity
Sensible Savings – Fixed Rate Bond
Sensible Savings logo
4.5% AER fixed for 1 year
£5,000 - £500,000
FSCS logo
protected
Open via: website, post.
Go to site
View details
£12,540
at maturity
Hodge Bank – 1 Year Fixed Rate Bond
Hodge Bank logo
4.49% AER fixed for 1 year
£1,000 - £1,000,000
FSCS logo
protected
Open via: website.
Go to site
View details
£12,538.80
at maturity
Hodge Bank – 1 Year Fixed Rate Bond
Hodge Bank logo
4.49% AER fixed for 1 year
£1,000 - £1,000,000
FSCS logo
protected
Open via: website.
Go to site
View details
£12,538.80
at maturity
UBL UK – 1 Year Fixed Term Deposit
UBL UK logo
4.46% AER fixed for 1 year
£2,000 - £1,000,000
FSCS logo
protected
Open via: branch, website, mobile app, post.
Go to site
View details
£12,535.20
at maturity
UBL UK – 1 Year Fixed Term Deposit
UBL UK logo
4.46% AER fixed for 1 year
£2,000 - £1,000,000
FSCS logo
protected
Open via: branch, website, mobile app, post.
Go to site
View details
N/A
GB Bank – 1 Year Fixed Rate Bond
GB Bank logo
4.45% AER fixed for 1 year
£1,000 - £100,000
FSCS logo
protected
Open via: website.
Go to site
View details
£12,534
at maturity
GB Bank – 1 Year Fixed Rate Bond
GB Bank logo
4.45% AER fixed for 1 year
£1,000 - £100,000
FSCS logo
protected
Open via: website.
Go to site
View details
£12,534
at maturity
Conister Bank – 1 Year Fixed Rate
Conister Bank logo
4.41% AER fixed for 1 year
£5,000 - £100,000
FSCS logo
protected
Open via: website.
View details
N/A
BPI Europe PLC – Raisin UK - 1 Year Fixed Term Deposit
BPI Europe PLC  logo
4.4% AER fixed for 1 year
£5,000 - £85,000
FSCS logo
protected
Open via: website, mobile app.
Get £100 cashback when you register with our code until 14/03/25, and fund your first savings account with £10,000 until 28/03/25. T&Cs apply.
View details
£12,528
at maturity
first direct – Fixed Rate Savings
first direct logo
4.4% AER fixed until 05.03.26
£2,000 - £1,000,000
FSCS logo
protected
Open via: website, mobile app, telephone. Additional account needed
Go to site
View details
£12,528
at maturity
United Trust Bank – UTB 1 Year Bond
United Trust Bank logo
4.4% AER fixed for 1 year
£5,000 - £1,000,000
FSCS logo
protected
Open via: website.
Go to site
View details
£12,528
at maturity
ICICI Bank UK – SuperSaver Bond
ICICI Bank UK logo
4.4% AER fixed for 1 year
From £1,000
FSCS logo
protected
Open via: branch, website, telephone. Additional account needed
Go to site
View details
N/A
Tandem Bank – 1 Year Fixed Saver
Tandem Bank logo
4.4% AER fixed for 1 year
£1 - £2,500,000
FSCS logo
protected
Open via: website, mobile app.
Green - By opening an account you are supporting Tandem Bank's green lending initiatives and helping to make UK homes more sustainable and environmentally friendly.
Go to site
View details
N/A
JN Bank – Fixed Term Savings Account
JN Bank logo
4.4% AER fixed for 1 year
£100 - £500,000
FSCS logo
protected
Open via: website.
Go to site
View details
£12,528
at maturity
Castle Trust Bank – Fixed Rate e-Saver
Castle Trust Bank logo
4.4% AER fixed for 1 year
£1,000 - £500,000
FSCS logo
protected
Open via: website, mobile app.
Green - Castle Trust Bank will plant a tree when an e-Cash ISA or e-Saver account is opened and funded within the 14 day funding window.
Go to site
View details
£12,528
at maturity
Ziraat Bank – Raisin UK - 1 Year Fixed Term Deposit
Ziraat logo
4.4% AER fixed for 1 year
£1,000 - £85,000
FSCS logo
protected
Open via: website, mobile app.
Get £100 cashback when you register with our code until 14/03/25, and fund your first savings account with £10,000 until 28/03/25. T&Cs apply.
Go to site
View details
£12,528
at maturity
Vida Savings – 1 Year Fixed Rate Bond
Vida Savings logo
4.4% AER fixed for 1 year
£100 - £85,000
FSCS logo
protected
Open via: website.
View details
£12,528
at maturity
Saffron BS – One Year Online Bond
Saffron Building Society logo
4.4% AER fixed for 1 year
£5,000 - £1,000,000
FSCS logo
protected
Open via: branch, website, post.
Go to site
View details
£12,528
at maturity
ICICI Bank UK – SuperSaver Bond
ICICI Bank UK logo
4.4% AER fixed for 1 year
From £1,000
FSCS logo
protected
Open via: branch, website, telephone. Additional account needed
Go to site
View details
N/A
National Bank of Egypt (UK) Limited – Raisin UK - 1 Year Fixed Term Deposit
National Bank of Egypt (UK) Limited logo
4.4% AER fixed for 1 year
£10,000 - £85,000
FSCS logo
protected
Open via: website, mobile app.
Get £100 cashback when you register with our code until 14/03/25, and fund your first savings account with £10,000 until 28/03/25. T&Cs apply.
Go to site
View details
£12,528
at maturity
Shawbrook Bank – 1 Year Fixed Rate Bond Issue 111
Shawbrook Bank logo
4.4% AER fixed for 1 year
£1,000 - £2,000,000
FSCS logo
protected
Open via: website.
Go to site
View details
£12,528
at maturity
Cynergy Bank – Fixed Rate Bond
Cynergy Bank logo
4.4% AER fixed for 1 year
£1,000 - £1,000,000
FSCS logo
protected
Open via: website.
Go to site
View details
£12,528
at maturity
Vida Savings – 1 Year Fixed Rate Bond
Vida Savings logo
4.4% AER fixed for 1 year
£100 - £85,000
FSCS logo
protected
Open via: website.
View details
£12,528
at maturity
ICICI Bank UK – SuperSaver Bond
ICICI Bank UK logo
4.4% AER fixed for 1 year
From £1,000
FSCS logo
protected
Open via: branch, website, telephone. Additional account needed
Go to site
View details
£12,528
at maturity
QIB (UK) – Raisin UK - 1 Year Fixed Term Deposit
QIB (UK) logo
4.4% AER fixed for 1 year
£1,000 - £85,000
FSCS logo
protected
Open via: website, mobile app.
Get £100 cashback when you register with our code until 14/03/25, and fund your first savings account with £10,000 until 28/03/25. T&Cs apply.
Go to site
View details
£12,528
at maturity
Shawbrook Bank – 1 Year Fixed Rate Bond Issue 111
Shawbrook Bank logo
4.4% AER fixed for 1 year
£1,000 - £2,000,000
FSCS logo
protected
Open via: website.
Go to site
View details
£12,528
at maturity
Punjab National Bank (International) Limited – Raisin UK - 1 Year Fixed Term Deposit
Punjab National Bank logo
4.35% AER fixed for 1 year
£1,000 - £85,000
FSCS logo
protected
Open via: website, mobile app.
Get £100 cashback when you register with our code until 14/03/25, and fund your first savings account with £10,000 until 28/03/25. T&Cs apply.
Go to site
View details
£12,522
at maturity
Punjab National Bank (International) Limited – Fixed Term Deposit Account
Punjab National Bank logo
4.35% AER fixed for 1 year
From £1,000
FSCS logo
protected
Open via: branch, post. Additional account needed
Go to site
View details
£12,522
at maturity
Tesco Bank – Fixed Rate Saver
Tesco Bank logo
4.35% AER fixed for 1 year
£2,000 - £5,000,000
FSCS logo
protected
Open via: website, telephone.
Go to site
View details
N/A
Investec Bank plc – 1-Year Fixed Rate Saver
Investec Bank plc logo
4.35% AER fixed for 1 year
£5,000 - £250,000
FSCS logo
protected
Open via: website.
Go to site
View details
£12,522
at maturity
LHV Bank – Raisin UK - 1 Year Fixed Term Deposit
LHV Bank logo
4.35% AER fixed for 1 year
£1,000 - £85,000
FSCS logo
protected
Open via: website, mobile app.
Get £100 cashback when you register with our code until 14/03/25, and fund your first savings account with £10,000 until 28/03/25. T&Cs apply.
Go to site
View details
£12,522
at maturity
Tesco Bank – Fixed Rate Saver
Tesco Bank logo
4.35% AER fixed for 1 year
£2,000 - £5,000,000
FSCS logo
protected
Open via: website, telephone.
Go to site
View details
N/A
Union Bank of India (UK) Ltd – Fixed Rate Deposit
Union Bank of India (UK) Ltd logo
4.35% AER fixed for 1 year
£1,000 - £1,000,000
FSCS logo
protected
Open via: branch, post.
Go to site
View details
£12,522
at maturity
Union Bank of India (UK) Ltd – Union Premier Bond
Union Bank of India (UK) Ltd logo
4.35% AER fixed for 1 year
£5,000 - £340,000
FSCS logo
protected
Open via: website.
Go to site
View details
£12,522
at maturity
Kent Reliance – 1 Year Fixed Rate Bond - Issue 161
Kent Reliance logo
4.31% AER fixed for 1 year
£1,000 - £1,000,000
FSCS logo
protected
Open via: branch, website.
Go to site
View details
£12,517.20
at maturity
Kent Reliance – 1 Year Fixed Rate Bond - Issue 161
Kent Reliance logo
4.31% AER fixed for 1 year
£1,000 - £1,000,000
FSCS logo
protected
Open via: branch, website.
Go to site
View details
£12,517.20
at maturity
ICICI Bank UK – HiSAVE Fixed Rate Account
ICICI Bank UK logo
4.3% AER fixed for 1 year
From £1,000
FSCS logo
protected
Open via: website. Additional account needed
Go to site
View details
£12,516
at maturity
Paragon Bank – 1 Year Fixed Rate Savings Account
Paragon Bank logo
4.3% AER fixed for 1 year
£1,000 - £500,000
FSCS logo
protected
Open via: website, post.
Go to site
View details
£12,516
at maturity
RCI Bank UK – 1 Year Fixed Term Savings Account
RCI Bank UK logo
4.3% AER fixed for 1 year
£1,000 - £1,000,000
FSCS logo
protected
Open via: website.
Go to site
View details
£12,516
at maturity
Aldermore – 1 Year Fixed Rate Savings Account
Aldermore logo
4.3% AER fixed for 1 year
£1,000 - £1,000,000
FSCS logo
protected
Open via: website.
Go to site
View details
£12,516
at maturity
ICICI Bank UK – HiSAVE Fixed Rate Account
ICICI Bank UK logo
4.3% AER fixed for 1 year
From £1,000
FSCS logo
protected
Open via: website. Additional account needed
Go to site
View details
N/A
Ford Money – Fixed Saver 1 Year
Ford Money logo
4.3% AER fixed for 1 year
£500 - £2,000,000
FSCS logo
protected
Open via: website.
Go to site
View details
£12,516
at maturity
Aldermore – 1 Year Fixed Rate Savings Account
Aldermore logo
4.3% AER fixed for 1 year
£1,000 - £1,000,000
FSCS logo
protected
Open via: website.
Go to site
View details
£12,516
at maturity
Paragon Bank – 1 Year Fixed Rate Savings Account
Paragon Bank logo
4.3% AER fixed for 1 year
£1,000 - £500,000
FSCS logo
protected
Open via: website, post.
Go to site
View details
£12,516
at maturity
Ford Money – Fixed Saver 1 Year
Ford Money logo
4.3% AER fixed for 1 year
£500 - £2,000,000
FSCS logo
protected
Open via: website.
Go to site
View details
£12,516
at maturity
Charity Bank – Ethical 1-Year Fixed Rate Account
Charity Bank logo
4.26% AER fixed for 1 year
£5,000 - £500,000
FSCS logo
protected
Open via: website, post.
Go to site
View details
£12,511.20
at maturity
Saffron BS – One Year Fixed Rate Monthly Income Bond
Saffron Building Society logo
4.25% AER fixed for 1 year
£500 - £2,000,000
FSCS logo
protected
Open via: branch, website, post.
Go to site
View details
N/A
Leek Building Society – 1 Year Existing Customer Fixed Rate Bond
Leek United Building Society logo
4.25% AER fixed for 1 year
£1,000 - £250,000
FSCS logo
protected
Open via: branch, website, post. Existing members only
Go to site
View details
£12,510
at maturity
Gatehouse Bank – 1 Year Fixed Term Woodland Saver
Gatehouse Bank logo
4.25% AER fixed for 1 year
£1,000 - £1,000,000
FSCS logo
protected
Open via: website.
Green - Gatehouse Bank will plant a tree in a UK woodland when an account is opened and funded. Trees are planted in UK woodland projects certified by the UK Government’s Woodland Carbon Code.
Go to site
View details
£12,510
at maturity
Saffron BS – One Year Fixed Rate Bond
Saffron Building Society logo
4.25% AER fixed for 1 year
£500 - £500,000
FSCS logo
protected
Open via: branch, website, post.
Go to site
View details
£12,510
at maturity
Gatehouse Bank – 1 Year Fixed Term Woodland Saver
Gatehouse Bank logo
4.25% AER fixed for 1 year
£1,000 - £1,000,000
FSCS logo
protected
Open via: website.
Green - Gatehouse Bank will plant a tree in a UK woodland when an account is opened and funded. Trees are planted in UK woodland projects certified by the UK Government’s Woodland Carbon Code.
Go to site
View details
£12,510
at maturity
State Bank of India – Fixed Deposit
State Bank of India logo
4.25% AER fixed for 1 year
£50,000 - £5,000,000
FSCS logo
protected
Open via: branch, website, post. Additional account needed
Go to site
View details
N/A
FCMB Bank (UK) – Raisin UK - 1 Year Fixed Term Deposit
FCMB Bank (UK) logo
4.25% AER fixed for 1 year
£1,000 - £85,000
FSCS logo
protected
Open via: website, mobile app.
Get £100 cashback when you register with our code until 14/03/25, and fund your first savings account with £10,000 until 28/03/25. T&Cs apply.
Go to site
View details
£12,510
at maturity
Ikano Bank – Ikano Bank Fixed 1 Year Saver Account
Ikano Bank logo
4.25% AER fixed for 1 year
£1,000 - £1,000,000
FSCS logo
protected
Open via: website.
Go to site
View details
£12,510
at maturity
State Bank of India – Fixed Deposit
State Bank of India logo
4.25% AER fixed for 1 year
£10,000 - £5,000,000
FSCS logo
protected
Open via: branch, website, post. Additional account needed
Go to site
View details
£12,510
at maturity
Atom Bank – 1 Year Fixed Saver
Atom Bank logo
4.25% AER fixed for 1 year
£50 - £100,000
FSCS logo
protected
Open via: mobile app.
Go to site
View details
£12,510
at maturity
Ikano Bank – Ikano Bank Fixed 1 Year Saver Account
Ikano Bank logo
4.25% AER fixed for 1 year
£1,000 - £1,000,000
FSCS logo
protected
Open via: website.
Go to site
View details
£12,510
at maturity
Leek Building Society – 1 Year Existing Customer Fixed Rate Bond
Leek United Building Society logo
4.25% AER fixed for 1 year
£1,000 - £250,000
FSCS logo
protected
Open via: branch, website, post. Existing members only
Go to site
View details
£12,510
at maturity
OakNorth Bank – Fixed Term Savings Account
OakNorth logo
4.25% AER fixed for 1 year
£1 - £500,000
FSCS logo
protected
Open via: website, mobile app.
Go to site
View details
£12,510
at maturity
Atom Bank – 1 Year Fixed Saver
Atom Bank logo
4.25% AER fixed for 1 year
£50 - £100,000
FSCS logo
protected
Open via: mobile app.
Go to site
View details
£12,510
at maturity
Cambridge BS – 1 Year Fixed Rate Bond (Issue 27)
Cambridge Building Society logo
4.25% AER fixed for 1 year
£1,000 - £2,000,000
FSCS logo
protected
Open via: branch, website, mobile app, post, telephone.
Go to site
View details
£12,510
at maturity
Leek Building Society – 1 Year Fixed Rate Bond
Leek United Building Society logo
4.2% AER fixed for 1 year
£1,000 - £250,000
FSCS logo
protected
Open via: branch, website, post.
Go to site
View details
£12,504
at maturity
Leek Building Society – 1 Year Fixed Rate Bond
Leek United Building Society logo
4.2% AER fixed for 1 year
£1,000 - £250,000
FSCS logo
protected
Open via: branch, website, post.
Go to site
View details
£12,504
at maturity
Principality BS – 1 Year Fixed Rate Bond (Issue 484)
Principality Building Society logo
4.2% AER fixed for 1 year
£500 - £2,000,000
FSCS logo
protected
Open via: branch, website, post.
Go to site
View details
N/A
Principality BS – 1 Year Fixed Rate Bond (Issue 484)
Principality Building Society logo
4.2% AER fixed for 1 year
£500 - £2,000,000
FSCS logo
protected
Open via: branch, website, post.
Go to site
View details
£12,504
at maturity
Secure Trust Bank – 1 Year Fixed Rate Bond (09.Apr.26)
Secure Trust Bank logo
4.2% AER fixed until 09.04.26
£1,000 - £1,000,000
FSCS logo
protected
Open via: website.
Go to site
View details
£12,546.94
at maturity
Castle Community Bank – Fixed Rate Savings
Castle Community Bank logo
4.2% AER fixed for 1 year
£1,000 - £85,000
FSCS logo
protected
Open via: website.
View details
£12,504
at maturity
Progressive BS – 1 Year Fixed Rate Flexible Bond (Issue 2)
Progressive Building Society logo
4.2% AER fixed for 1 year
£500 - £1,000,000
FSCS logo
protected
Open via: branch, post.
Go to site
View details
£12,504
at maturity
Virgin Money – 1 Year Fixed Rate E-Bond Issue 594
Virgin Money logo
4.16% AER fixed until 20.03.26
£1 - £1,000,000
FSCS logo
protected
Open via: website.
Go to site
View details
£12,541.73
at maturity
Virgin Money – 1 Year Fixed Rate E-Bond Issue 594
Virgin Money logo
4.16% AER fixed until 20.03.26
£1 - £1,000,000
FSCS logo
protected
Open via: website.
Go to site
View details
£12,541.73
at maturity
Allied Irish Bank (GB) – Fixed Rate Saver
Allied Irish Bank (GB) logo
4.15% AER fixed for 1 year
£5,000 - £200,000
FSCS logo
protected
Open via: website. Additional account needed
Go to site
View details
£12,498
at maturity
Darlington BS – 1 Year Fixed Rate Bond 83
Darlington Building Society logo
4.15% AER fixed until 31.03.26
£500 - £500,000
FSCS logo
protected
Open via: branch, website, post.
Go to site
View details
£12,540.42
at maturity
Monument Bank – 12 Month Fixed Term Deposit
Monument Bank logo
4.15% AER fixed for 1 year
£25,000 - £2,000,000
FSCS logo
protected
Open via: mobile app.
Go to site
View details
N/A
Tipton & Coseley BS – Fixed Rate Bond until 28.02.26
Tipton & Coseley Building Society logo
4.15% AER fixed until 28.02.26
£1,000 - £250,000
FSCS logo
protected
Open via: branch, post.
Go to site
View details
£12,498
at maturity
HSBC – Fixed Rate Savings
HSBC logo
4.15% AER fixed for 1 year
£2,000 - £1,000,000
FSCS logo
protected
Open via: branch, website. Additional account needed
Go to site
View details
N/A
HSBC – Fixed Rate Savings
HSBC logo
4.15% AER fixed for 1 year
£2,000 - £1,000,000
FSCS logo
protected
Open via: branch, website. Additional account needed
Go to site
View details
N/A
Post Office Money® – Online Bond Issue 129
Post Office Money® logo
4.15% AER fixed for 1 year
£500 - £2,000,000
FSCS logo
protected
Open via: website.
Go to site
View details
£12,498
at maturity
Tipton & Coseley BS – Fixed Rate Bond to 28.02.26 (Mobile App Account)
Tipton & Coseley Building Society logo
4.15% AER fixed until 28.02.26
£1,000 - £100,000
FSCS logo
protected
Open via: mobile app.
Go to site
View details
£12,498
at maturity
TSB – Fixed Bond
TSB logo
4.15% AER fixed for 1 year
£1 - £1,000,000
FSCS logo
protected
Open via: branch, website.
Go to site
View details
£12,498
at maturity
TSB – Fixed Bond
TSB logo
4.15% AER fixed for 1 year
£1 - £1,000,000
FSCS logo
protected
Open via: branch, website.
Go to site
View details
£12,498
at maturity
Bank of Ireland UK – Limited Edition Fixed Term Deposit
Bank of Ireland UK logo
4.15% AER fixed for 1 year
£2,000 - £1,000,000
FSCS logo
protected
Open via: website.
Go to site
View details
£12,498
at maturity
AIB (NI) – Fixed Rate Saver
AIB (NI) logo
4.15% AER fixed for 1 year
£5,000 - £200,000
FSCS logo
protected
Open via: branch, website. Additional account needed
Go to site
View details
£12,498
at maturity
Marcus by Goldman Sachs® – 1 Year Fixed Rate Saver
Marcus by Goldman Sachs logo
4.15% AER fixed for 1 year
£1 - £250,000
FSCS logo
protected
Open via: website, mobile app.
Go to site
View details
£12,498
at maturity
Post Office Money® – Online Bond Issue 129
Post Office Money® logo
4.15% AER fixed for 1 year
£500 - £2,000,000
FSCS logo
protected
Open via: website.
Go to site
View details
£12,498
at maturity
Monzo Bank – Fixed Term Savings Pot (powered by OakNorth)
Monzo Bank logo
4.12% AER fixed for 1 year
£500 - £500,000
FSCS logo
protected
Open via: mobile app. Additional account needed
Go to site
View details
£12,494.40
at maturity
Santander – 1 Year Fixed Term Saver
Santander logo
4.1% AER fixed until 01.03.26
£500 - £2,000,000
FSCS logo
protected
Open via: branch, website, mobile app, telephone.
Go to site
View details
£12,492
at maturity
BACB – Raisin UK - 1 Year Fixed Term Deposit
BACB logo
4.1% AER fixed for 1 year
£1,000 - £85,000
FSCS logo
protected
Open via: website, mobile app.
Get £100 cashback when you register with our code until 14/03/25, and fund your first savings account with £10,000 until 28/03/25. T&Cs apply.
View details
£12,492
at maturity
Santander – 1 Year Fixed Term Saver
Santander logo
4.1% AER fixed until 01.03.26
£500 - £2,000,000
FSCS logo
protected
Open via: branch, website, mobile app, telephone.
Go to site
View details
£12,492
at maturity
Leeds BS – 1 Year Fixed Rate Monthly Income Bond (Issue 27)
Leeds Building Society logo
4.1% AER fixed until 31.03.26
£100 - £1,000,000
FSCS logo
protected
Open via: branch, website, post.
Go to site
View details
N/A
Leeds BS – 1 Year Fixed Rate Bond (Issue 617)
Leeds Building Society logo
4.1% AER fixed until 31.03.26
£100 - £1,000,000
FSCS logo
protected
Open via: branch, website, post.
Go to site
View details
£12,533.90
at maturity
Family Building Society – 1 Year Fixed Rate Bond (51)
Family Building Society logo
4.1% AER fixed for 1 year
£1,000 - £250,000
FSCS logo
protected
Open via: branch, website, post.
Go to site
View details
£12,516
at maturity
Allica Bank – 12-Month Fixed Term Savings Account (Issue 64)
Allica Bank logo
4.1% AER fixed for 1 year
£10,000 - £250,000
FSCS logo
protected
Open via: website.
Go to site
View details
£12,492
at maturity
Family Building Society – 1 Year Fixed Rate Bond (51)
Family Building Society logo
4.1% AER fixed for 1 year
£5,000 - £250,000
FSCS logo
protected
Open via: branch, website, post.
Go to site
View details
N/A
Suffolk Building Society – 1 Year Fixed Rate Bond (31.03.2026)
Ipswich Building Society logo
4.1% AER fixed until 31.03.26
£100 - £200,000
FSCS logo
protected
Open via: branch, post.
Go to site
View details
N/A
Suffolk Building Society – Online 1 Year Fixed Rate Bond (31.03.2026)
Ipswich Building Society logo
4.1% AER fixed until 31.03.26
£100 - £100,000
FSCS logo
protected
Open via: website.
Go to site
View details
£12,533.90
at maturity
Suffolk Building Society – 1 Year Fixed Rate Bond (31.03.2026)
Ipswich Building Society logo
4.1% AER fixed until 31.03.26
£100 - £200,000
FSCS logo
protected
Open via: branch, post.
Go to site
View details
£12,533.90
at maturity
Dudley BS – One Year Fixed Rate Bond Issue 44
Dudley Building Society logo
4.1% AER fixed for 1 year
£1,000 - £1,000,000
FSCS logo
protected
Open via: branch, post.
Go to site
View details
£12,492
at maturity
Reliance Bank – Charity Giving Fixed Term Deposit Account
Reliance Bank logo
4.05% AER fixed for 1 year
£1,000 - £2,000,000
FSCS logo
protected
Open via: post.
Go to site
View details
£12,486
at maturity
Vanquis Bank – Vanquis Bank Savings
Vanquis Bank logo
4.05% AER fixed for 1 year
£1,000 - £250,000
FSCS logo
protected
Open via: website.
Go to site
View details
£12,486
at maturity
Starling Bank – 1-Year Fixed Saver
Starling logo
4.05% AER fixed for 1 year
£2,000 - £1,000,000
FSCS logo
protected
Open via: website, mobile app. Additional account needed
Go to site
View details
£12,486
at maturity
Vanquis Bank – Vanquis Bank Savings
Vanquis Bank logo
4.05% AER fixed for 1 year
£1,000 - £250,000
FSCS logo
protected
Open via: website.
Go to site
View details
£12,486
at maturity
Reliance Bank – Fixed Term Savings Account
Reliance Bank logo
4.05% AER fixed for 1 year
£1,000 - £2,000,000
FSCS logo
protected
Open via: post.
Go to site
View details
£12,486
at maturity
M&S Bank – M&S Fixed Rate Savings Issue 56
M&S Bank logo
4.05% AER fixed for 1 year
£500 - £1,000,000
FSCS logo
protected
Open via: website, post, telephone.
Go to site
View details
£12,486
at maturity
iFAST Global Bank – Fixed Term Deposit
iFast GlobaL Bank logo
4.05% AER fixed for 1 year
From £1
FSCS logo
protected
Open via: website, mobile app.
View details
£12,486
at maturity
Monzo Bank – Fixed Term Savings Pot (powered by Paragon)
Monzo Bank logo
4.05% AER fixed for 1 year
£500 - £500,000
FSCS logo
protected
Open via: mobile app. Additional account needed
Go to site
View details
£12,486
at maturity
Progressive BS – 1 Year Fixed Rate Bond (Issue 21)
Progressive Building Society logo
4.05% AER fixed for 1 year
£500 - £1,000,000
FSCS logo
protected
Open via: branch, post.
Go to site
View details
£12,486
at maturity
cahoot – cahoot Fixed Rate Bond
cahoot logo
4.04% AER fixed for 1 year
£500 - £2,000,000
FSCS logo
protected
Open via: website.
Go to site
View details
N/A
cahoot – cahoot Fixed Rate Bond
cahoot logo
4.04% AER fixed for 1 year
£500 - £2,000,000
FSCS logo
protected
Open via: website.
Go to site
View details
£12,484.80
at maturity
West Brom BS – 1 Year Fixed Rate Bond
West Brom Building Society logo
4% AER fixed until 28.02.26
£1,000 - £1,000,000
FSCS logo
protected
Open via: branch, website, post.
Go to site
View details
N/A
Cater Allen Private Bank – Fixed Term Deposit
Cater Allen Private Bank logo
4% AER fixed until 28.02.26
From £25,000
FSCS logo
protected
Open via: website, post.
Go to site
View details
N/A
Sainsbury's Bank – Fixed Rate Saver
Sainsbury's Bank logo
4% AER fixed for 1 year
£5,000 - £1,000,000
FSCS logo
protected
Open via: website.
Go to site
View details
N/A
Halifax – Fixed Saver
Halifax logo
4% AER fixed for 1 year
£500 - £9,000,000
FSCS logo
protected
Open via: branch, website, mobile app, telephone. Existing customers only
Go to site
View details
£12,480
at maturity
Lloyds Bank – Online Fixed Bond
Lloyds Bank logo
4% AER fixed for 1 year
£2,000 - £1,000,000
FSCS logo
protected
Open via: branch, website, telephone. Existing customers only
Go to site
View details
£12,480
at maturity
West Brom BS – 1 Year Fixed Rate Bond
West Brom Building Society logo
4% AER fixed until 28.02.26
£1,000 - £1,000,000
FSCS logo
protected
Open via: branch, website, post.
Go to site
View details
£12,480
at maturity
Nationwide BS – 1 Year Fixed Rate Branch Bond
Nationwide Building Society logo
4% AER fixed for 1 year
£1 - £5,000,000
FSCS logo
protected
Open via: branch.
Go to site
View details
£12,480
at maturity
Bath BS – One Year Fixed Rate Bond (Issue 4)
Bath Building Society logo
4% AER fixed for 1 year
£500 - £100,000
FSCS logo
protected
Open via: branch, website, mobile app.
Go to site
View details
£12,480
at maturity
Sainsbury's Bank – Fixed Rate Saver
Sainsbury's Bank logo
4% AER fixed for 1 year
£5,000 - £1,000,000
FSCS logo
protected
Open via: website.
Go to site
View details
N/A
Vernon BS – Fixed-Rate Bond to 28th February 2026
Vernon Building Society logo
4% AER fixed until 28.02.26
£5,000 - £85,000
FSCS logo
protected
Open via: branch, website, post.
Go to site
View details
£12,480
at maturity
Monmouthshire BS – 1 Year Fixed Rate Bond Issue 71
Monmouthshire Building Society logo
4% AER fixed for 1 year
£1,000 - £500,000
FSCS logo
protected
Open via: branch, website.
Go to site
View details
£12,480
at maturity
Skipton BS – 1 Year Fixed Rate Branch Bond Issue 272
Skipton Building Society logo
4% AER fixed for 1 year
£500 - £1,000,000
FSCS logo
protected
Open via: branch, post, telephone.
Go to site
View details
£12,480
at maturity
Barclays Bank – 1-Year Fixed-Rate Bond - Issue 121
Barclays Bank logo
4% AER fixed for 1 year
£500 - £1,000,000
FSCS logo
protected
Open via: branch, website, mobile app, telephone.
Go to site
View details
£12,480
at maturity
Triodos Bank – Triodos Ethical Savings Bond
Triodos Bank logo
4% AER fixed for 1 year
£500 - £1,000,000
FSCS logo
protected
Open via: mobile app.
Green - Provider has environmentally focused ethos.
Go to site
View details
N/A
Triodos Bank – Triodos Ethical Savings Bond
Triodos Bank logo
4% AER fixed for 1 year
£500 - £1,000,000
FSCS logo
protected
Open via: mobile app.
Green - Provider has environmentally focused ethos.
Go to site
View details
£12,480
at maturity
Skipton BS – 1 Year Fixed Rate Bond Issue 272
Skipton Building Society logo
4% AER fixed for 1 year
£500 - £1,000,000
FSCS logo
protected
Open via: branch, website, mobile app, post, telephone.
Go to site
View details
£12,480
at maturity
Skipton BS – 1 Year Fixed Rate Branch Bond Issue 272
Skipton Building Society logo
4% AER fixed for 1 year
£500 - £1,000,000
FSCS logo
protected
Open via: branch, post, telephone.
Go to site
View details
£12,480
at maturity
Skipton BS – 1 Year Fixed Rate Bond Issue 272
Skipton Building Society logo
4% AER fixed for 1 year
£500 - £1,000,000
FSCS logo
protected
Open via: branch, website, mobile app, post, telephone.
Go to site
View details
£12,480
at maturity
Halifax – Fixed Saver
Halifax logo
4% AER fixed for 1 year
£500 - £9,000,000
FSCS logo
protected
Open via: branch, website, mobile app, telephone. Existing customers only
Go to site
View details
£12,480
at maturity
Charter Savings Bank – 1 Year Fixed Rate Bond
Charter Savings Bank logo
4% AER fixed for 1 year
£5,000 - £1,000,000
FSCS logo
protected
Open via: website.
Go to site
View details
£12,480
at maturity
Bank of Scotland – Fixed Rate Bond
Bank of Scotland logo
4% AER fixed for 1 year
£2,000 - £9,000,000
FSCS logo
protected
Open via: branch, website, telephone. Existing customers only
Go to site
View details
£12,480
at maturity
Charter Savings Bank – 1 Year Fixed Rate Bond
Charter Savings Bank logo
4% AER fixed for 1 year
£5,000 - £1,000,000
FSCS logo
protected
Open via: website.
Go to site
View details
£12,480
at maturity
Bank of Scotland – Fixed Rate Bond
Bank of Scotland logo
4% AER fixed for 1 year
£2,000 - £9,000,000
FSCS logo
protected
Open via: branch, website, telephone. Existing customers only
Go to site
View details
£12,480
at maturity
Post Office Money® – Growth Bond Issue 62
Post Office Money® logo
4% AER fixed for 1 year
£500 - £1,000,000
FSCS logo
protected
Open via: branch, post.
Go to site
View details
£12,480
at maturity
Barclays Bank – 1-Year Fixed-Rate Bond - Issue 121
Barclays Bank logo
4% AER fixed for 1 year
£500 - £1,000,000
FSCS logo
protected
Open via: branch, website, mobile app, telephone.
Go to site
View details
N/A
Nationwide BS – 1 Year Fixed Rate Online Bond
Nationwide Building Society logo
4% AER fixed for 1 year
£1 - £5,000,000
FSCS logo
protected
Open via: website, mobile app.
Go to site
View details
£12,480
at maturity
Metro Bank – Fixed Term Savings Account
Metro Bank logo
3.95% AER fixed for 1 year
£500 - £2,000,000
FSCS logo
protected
Open via: branch, website. Additional account needed
Go to site
View details
N/A
Halifax – Fixed Saver
Halifax logo
3.95% AER fixed for 1 year
£500 - £9,000,000
FSCS logo
protected
Open via: branch, website, mobile app, telephone.
Go to site
View details
£12,474
at maturity
Bank of Scotland – Fixed Rate Bond
Bank of Scotland logo
3.95% AER fixed for 1 year
£2,000 - £9,000,000
FSCS logo
protected
Open via: branch, website, telephone.
Go to site
View details
£12,474
at maturity
Lloyds Bank – Online Fixed Bond
Lloyds Bank logo
3.95% AER fixed for 1 year
£2,000 - £1,000,000
FSCS logo
protected
Open via: branch, website, telephone.
Go to site
View details
£12,474
at maturity
Metro Bank – Fixed Term Savings Account
Metro Bank logo
3.95% AER fixed for 1 year
£500 - £2,000,000
FSCS logo
protected
Open via: branch, website. Additional account needed
Go to site
View details
N/A
Bank of Scotland – Fixed Rate Bond
Bank of Scotland logo
3.95% AER fixed for 1 year
£2,000 - £9,000,000
FSCS logo
protected
Open via: branch, website, telephone.
Go to site
View details
£12,474
at maturity
Halifax – Fixed Saver
Halifax logo
3.95% AER fixed for 1 year
£500 - £9,000,000
FSCS logo
protected
Open via: branch, website, mobile app, telephone.
Go to site
View details
£12,474
at maturity
Yorkshire Building Society – Fixed Rate eBond until 31 March 2026
Yorkshire Building Society logo
3.9% AER fixed until 31.03.26
£1,000 - £2,000,000
FSCS logo
protected
Open via: website.
Go to site
View details
£12,507.81
at maturity
Brown Shipley – Raisin UK - 1 Year Fixed Term Deposit
Brown Shipley logo
3.9% AER fixed for 1 year
£1,000 - £85,000
FSCS logo
protected
Open via: website, mobile app.
Get £100 cashback when you register with our code until 14/03/25, and fund your first savings account with £10,000 until 28/03/25. T&Cs apply.
Go to site
View details
£12,468
at maturity
Yorkshire Building Society – Fixed Rate Bond until 31 March 2026
Yorkshire Building Society logo
3.9% AER fixed until 31.03.26
£1,000 - £2,000,000
FSCS logo
protected
Open via: branch, post.
Go to site
View details
£12,507.81
at maturity
Yorkshire Building Society – Fixed Rate Bond until 31 March 2026
Yorkshire Building Society logo
3.9% AER fixed until 31.03.26
£1,000 - £2,000,000
FSCS logo
protected
Open via: branch, post.
Go to site
View details
N/A
Castle Trust Bank – Fixed Rate Saver
Castle Trust Bank logo
3.9% AER fixed for 1 year
£1,000 - £500,000
FSCS logo
protected
Open via: website, post, telephone. Existing customers only
Go to site
View details
£12,468
at maturity
Danske Bank – Danske Fixed Term Deposit
Danske Bank logo
3.85% AER fixed for 1 year
£5,000 - £249,999
FSCS logo
protected
Open via: branch, website, telephone. Additional account needed
Go to site
View details
£12,462
at maturity
Hanley Economic BS – Fixed Rate Bond - Issue 242
Hanley Economic Building Society logo
3.75% AER fixed for 1 year
£1,000 - £75,000
FSCS logo
protected
Open via: branch.
Go to site
View details
£12,450
at maturity
ICICI Bank UK – SuperSaver Term Deposit
ICICI Bank UK logo
3.65% AER fixed for 1 year
From £1,000
FSCS logo
protected
Open via: branch, website, telephone. Additional account needed
Go to site
View details
£12,438
at maturity
HBL Bank UK – Raisin UK - 1 Year Fixed Term Deposit
HBL Bank UK logo
3.5% AER fixed for 1 year
£1,000 - £85,000
FSCS logo
protected
Open via: website, mobile app.
Get £100 cashback when you register with our code until 14/03/25, and fund your first savings account with £10,000 until 28/03/25. T&Cs apply.
View details
£12,420
at maturity
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Please note: This calculator provides estimations based on assumptions such as that you do not make withdrawals. You should always refer to the account provider for exact figures as they may vary from our results. Interest may be taxable.

If you’ve got a lump sum to save and are looking to get a better interest rate than you might get with an easy access savings account, fixed-rate bonds are worth considering – but only if you’re sure you won’t need to touch the money for a while. If that sounds like you, then as well as finding the best rates going, you’ll want to know the options and features to consider before you make your choice. So we’ve covered these here.

What are 1-year fixed-rate bonds?

A fixed-rate bond is a type of savings account. When you deposit your money in a fixed-rate bond, it’s locked away; you typically can’t add to it or access it. Or if you can access it, there will be a penalty for doing so.

In return for the certainty of having your money for all that time, banks usually offer a better rate of interest than on their easy access savings accounts (where you can take out the money any time). What’s more, the rate of interest you get doesn’t change for the period of the bond as it can with an easy access account.

There are fixed-rate bonds for longer periods than one year – two, three, four and five years or more – and a few for just six or nine months.

Bonds with a 1-year term will generally pay a better rate than 9-month (or shorter) terms but a worse rate than 18-month (or longer) terms.

That's the case with today's fixed bond market – by opting for a 1-year bond you can get a benefit from an extra 0.1% interest (4.6% vs 4.5%) compared to a 9-month bond, but if you were willing to commit to a 18-month bond you could benefit from an extra 0.01% in interest (4.61% vs 4.6%).

Bonds can be a good way to ring-fence a chunk of money for a special event that’s a year or more away. But if you think you might need access to the money sooner, then there are other options.

These days, some current accounts can pay interest that rivals savings accounts, so before you head straight to a bond, see whether there are other types of account that offer more, including those that don’t tie up your money. The advantage of a bond over a current account is that many current accounts cap the amount of money that they’ll pay decent interest on. So if you have more than a few thousand pounds, and can lock away the money, it’s worth considering a bond.

What types of bonds can you choose for 1 year?

Bonds have different features and eligibility criteria. Here are some key differences.

  • Minimum deposit. The minimum deposit for a 1-year fixed-rate bond can vary from £50 up to £25,000 or more.
  • Existing vs new customers. Banks offer certain bonds to existing current or savings account customers only. However, there are plenty available from providers offering bonds to new customers, and the transfer is typically to and from a “nominated” current account.
  • Online only. Some bonds are web only – you must apply online and operate them online. Other bonds can be opened online but you have the option of managing them via an app.
  • Initial top-up payments. Some bonds allow you to top-up your deposit within the first few weeks; with others, you open with one lump sum and then can’t add any more.
  • Interest payments. Interest can be paid monthly or on the anniversary of the bond.

How to choose the best fixed-rate bonds for one year

  1. First, be sure you won’t need to access the money for the period in question (a year, in this case). If you have any doubt, it’s best to go for a shorter time period, or look at alternatives such as an easy access savings account or ISA or a current account that pays interest.
  2. Compare deals for your deposit amount. Some accounts have a minimum deposit of several thousand pounds, but others allow far lower amounts. Don’t assume a higher minimum deposit always gets you a higher interest rate, though this is often the case.
  3. Check for the rate, when interest is paid, and, if you need this, whether you have the flexibility to make additional top-ups in the first few weeks.
  4. Look out for incentives – some providers, such as Raisin, have been known to offer decent sweeteners to attract your custom.
  5. Interest will be paid tax-free, usually on the anniversary when the bond matures. Remember that if you’re a basic-rate taxpayer, you can earn up to £1,000 in interest each year tax-free. For higher-rate taxpayers, the figure is £500. Interest from money deposited into an ISA up to the annual limit is tax-free.

How much money do you need to open a 1-year fixed bond?

The typical minimum deposit for a bond is £1,000, although there are a few bonds with a minimum of £500 or less. The maximum deposit can go into millions.

Banks typically ask you to pay the minimum deposit within 30 days of opening the account – and will close the account if you don’t. Some accounts allow you to make the minimum deposit and top it up in the first few weeks.

Is your money safe in a 1-year fixed-rate bond?

If you deposit money in a bank (meaning it has a banking licence) that’s regulated by the UK’s Financial Conduct Authority, your savings will be covered to the tune of £85,000 if the bank goes bust under the Financial Services Compensation Scheme. For a joint account, it’s double that figure, so £170,000. There are a few banks which rely on a “passport” to operate in the UK and are regulated in their home country. If those went bust, you’d be relying on regulatory arrangements in the bank’s own country.

Many people don’t realise that the £85,000 is per institution, so if you have accounts in two banks that are in the same group – say, RBS and NatWest – then the total cover is just £85,000 across both accounts.

Additionally, 1 year isn’t long enough to reliably expect a return from, say, stocks and shares investments, so a fixed-rate bond trumps shares for safety in this relatively short term.

What happens at the end of the year?

Hooray – you can access your money again! The bond has now “matured” and the provider will typically pay you the interest at this point. You can now choose whether to have your money paid into your current account, or renew with the same provider by choosing another deal that it’s offering, which may have a different rate.

Is a 1-year fixed-rate bond right for me?

This will depend on lots of factors, such as what you plan to use the money for, when you’re likely to need it, and whether you have other savings.

It’s a good idea to have some money in an easy access account in case of an emergency. Once you’ve got some savings tucked away in an easy access account, a fixed-rate bond could be worth considering if you’re sure you won’t need access to it during the year.

Fixed-rate bonds can be a great option if you want to earn interest on a lump sum that you plan to use for a specific savings goal later down the line.

Fixed-rate bonds are particularly handy when interest rates are high because they let you lock in a decent savings rate for longer”

Katherine Denham, award-winning personal finance expert

Which are the best 1-year fixed-rate bonds at the moment?

Our best fixed-rate bonds are the highest interest rates available. To get the latest rates, we use Moneyfacts data, which covers nearly the full market of savings products and is checked and updated daily. We don’t include accounts from private banks.

All the fixed-rate bonds in our list have savings protection – for most, this is the Financial Services Compensation Scheme (FSCS). Other schemes include that of NS&I, which is 100% backed by HM Treasury, and the Gibraltar Deposit Guarantee Scheme.

  • Zenith Bank (UK) Ltd – 1 Year Fixed Term Deposit - 4.6%
  • Close Brothers Savings – 1 Year Fixed Rate Bond - 4.58%
  • SmartSave – 1 Year Fixed Rate Saver - 4.56%
  • Zopa – 1 Year Fixed Term Savings - 4.55%
  • Conister Bank – 1 Year Fixed Rate - 4.52%

An overview of our 1-year fixed-rate bonds comparison

Rates up to 4.6% AER
Number of accounts 166
Minimum investment £1
Maximum investment £9,000,000
Opening options Branch, website, mobile app, post, telephone

Pros and cons of 1-year fixed-rate bonds

Pros

  • Rates are typically higher than on easy access savings accounts
  • Reassurance of knowing the rate can’t drop
  • Many providers covered by Financial Services Compensation Scheme
  • Ideal if you have a lump sum to invest

Cons

  • Can’t touch your money for a year
  • If rates go up during the fixed period, yours won’t
  • You usually can’t make additional contributions during the course of the bond

Bottom line

A 1-year fixed-rate bond can make sense if you have a lump sum that you want to earn interest on without locking your money away for too long. Perhaps if you’re saving for a house deposit and you know that you won’t be ready to buy a home for at least a year.

If you haven’t used your tax-free cash ISA allowance, consider fixed-rate cash ISAs (and if your lump sum exceeds the ISA allowance, consider splitting it across 2 accounts).

Frequently asked questions

We show offers we can track - that's not every product on the market...yet. Unless we've said otherwise, products are in no particular order. The terms "best", "top", "cheap" (and variations of these) aren't ratings, though we always explain what's great about a product when we highlight it. This is subject to our terms of use. When you make major financial decisions, consider getting independent financial advice. Always consider your own circumstances when you compare products so you get what's right for you. Most of the data in Finder's comparison tables has the source: Moneyfacts Group PLC. In other cases, Finder has sourced data directly from providers.
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To make sure you get accurate and helpful information, this guide has been reviewed by Katherine Denham, a member of Finder's Editorial Review Board.
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Written by

Editor-in-chief

Liz Edwards has been a consumer writer and editor for more than 20 years. She led award-winning teams at the campaigning publisher Which?, and has covered a range of consumer rights and personal finance topics including pensions, credit, banking and insurance. Liz has appeared frequently in national media such as The Sun, Metro, HuffPost and The Independent. She loves to cut through waffle to give consumers the real lowdown. And she loves puns. See full bio

Liz's expertise
Liz has written 92 Finder guides across topics including:
  • Consumer rights and protection
  • Saving money
  • Buy now, pay later
  • Insurance
  • Consumer trends

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