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This comparison simply includes all savings accounts.

Hampshire Trust Bank
Fixed Rate Bond Hampshire Trust Bank
Min deposit £1
Term 6 Months
Interest AER 4.81%

Market leading 6 month fixed rate bond. Winner of Platinum Feefo Trusted Service Award in 2024

Why we like it

Open in a single or a joint name. No withdrawals permitted. FSCS Protected

Details

Interest Paid At maturity
Maximum Balance £250,000
Minimum Age 18
UK Resident Yes
Hampshire Trust Bank
Fixed Rate Bond Hampshire Trust Bank
Min deposit £1
Term 1 Year
Interest AER 4.60%

Winner of Platinum Feefo Trusted Service Award in 2024

Why we like it

Open in a single or a joint name. No withdrawals permitted. FSCS Protected

Details

Interest Paid At maturity
Maximum Balance £250,000
Minimum Age 18
UK Resident Yes
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Investec Savings
Fixed Rate Bond Investec Savings
Min deposit £5000
Term 1 Year
Interest AER 4.50%

Why we like it

Interest paid to your linked account. No withdrawals permitted. FSCS Protected

Details

Interest Paid At maturity
Maximum Balance £250,000
Minimum Age 18
UK Resident Yes
Aldermore
Fixed Rate Bond Aldermore
Min deposit £1000
Term 1 Year
Interest AER 4.50%

Why we like it

No withdrawals permitted. FSCS Protected

Details

Interest Paid Monthly or at maturity
Maximum Balance £1,000,000
Minimum Age 18
UK Resident Yes
RCI Bank
Fixed Rate Bond RCI Bank
Min deposit £1000
Term 1 Year
Interest AER 4.30%

Which? Recommended Savings Provider

Why we like it

No withdrawals before the end of the term. FSCS Protected

Details

Interest Paid Monthly or at maturity
Maximum Balance £250,000
Minimum Age 18
UK Resident Yes
Aldermore
Fixed Rate Bond Aldermore
Min deposit £1000
Term 9 Months
Interest AER 4.10%

Why we like it

No withdrawals permitted. FSCS Protected

Details

Interest Paid Monthly or at maturity
Maximum Balance £1,000,000
Minimum Age 18
UK Resident Yes
Nationwide
Fixed Rate Bond Nationwide
Min deposit £1
Term 1 Year
Interest AER 4.00%

Why we like it

Open in single or joint name. Open and manage online. No withdrawals permitted. FSCS Protected

Details

Interest Paid At maturity
Maximum Balance £5,000,000
Minimum Age 16
UK Resident Yes

Is a 1 year fixed rate bond right for you?

1 year fixed rate bonds can be attractive as your money is only locked away for a short period of time. This makes them a good choice if you are planning to use your savings within the next few years. You can earn a return and maintain the value of your funds relative to inflation while still giving you access to your money when you need it.

If you are looking to get a return on a larger sum, using fixed rate bonds are a great means of providing a secure income. They offer a guaranteed return for the life of the bond and let you keep your existing current account while transferring the balance not earning interest into the bond. This makes depositing your money into a bond a relatively simple, hassle-free way to start making your money do more for you, without requiring you to change your day-to-day banking.




Latest news

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Simplysavingsaccounts.co.uk is a trading style of Fair Investment Company Ltd.

We've been comparing savings and current accounts for many years so you can trust you're in good hands.