1 Year Fixed Rate Bonds

Compare the Latest 1 Year Fixed Rate Bond Deals

A 1 year fixed rate bond agreement may be useful for savers who wish to see a guaranteed return on their savings over a fixed period of time, usually from 1-5 years. It is recommended that you shop around for fixed rate bonds in order to find the most competitive offers available. We've made it easy to find the right 1 year fixed rate bond for you by bringing some of the latest deals together - see below to compare rates and other features and apply online:

 

1 Year Fixed Rate Bonds
ProviderAccountInterest Rate (AER)TermApply
2.00%1 YearMore Info >
  • Manage your account online, by phone or post
  • Covered by the FSCS (Financial Services Compensation Scheme)
  • Must be UK resident and aged 18 or older
  • Minimum opening balance of £1,000
  • No withdrawals
1.90%1 yearMore Info >
  • Minimum opening balance of £1000, up to a maximum balance of £1,000,000
  • Interest paid annually
  • Available as a single or joint account
  • Covered by the FSCS (Financial Services Compensation Scheme)
  • Must be UK resident and aged 18 or older
  • No withdrawals permitted.
1.88%1 yearMore Info >
  • Earn 1.88% AER/gross fixed for 1 year.
  • Minimum opening balance of £5,000; maximum balance £500,000.
  • Interest paid on maturity
  • Covered by the FSCS (Financial Services Compensation Scheme)
  • Must be UK resident and aged 18 or older
  • No additional deposits or withdrawals permitted.
1.80%1 YearMore Info >
  • Earn 1.80% gross/AER fixed for 1 year
  • Interest paid monthly or on maturity
  • Covered by the FSCS (Financial Services Compensation Scheme)
  • Must be a UK resident and aged 18 or older
  • £2,000 minimum deposit
  • Penalty for early withdrawal
1.75%1 yearMore Info >
  • Earn 1.75% AER/gross fixed for 1 year.
  • Minimum opening deposit of £10,000; maximum deposit £200,000.
  • Interest paid on maturity
  • Available as a single or joint account
  • Covered by the FSCS (Financial Services Compensation Scheme)
  • Must be UK resident and aged 18 or older
  • No additional deposits or withdrawals permitted.
0.90%1 yearMore Info >
  • Earn 0.90% gross/AER fixed for 1 year
  • Deposits are 100% guaranteed by Santander UK plc
  • Interest can be paid gross - subject to eligibility
  • Covered by the FSCS (Financial Services Compensation Scheme)
  • No withdrawals allowed during the term
  • Minimum deposit of £50,000
  • Arrangement fee of £250
Instant Access Savings Accounts Deals
ProviderAccountInterest Rate (AER)TermApply
1.25%Instant accessMore Info >
  • Minimum deposit £500
  • Interest paid on balances above £500 and below £1,000,000
  • Manage your account in branch or online  
  • Covered by the FSCS (Financial Services Compensation Scheme)
  • Must be aged 18 or over and a UK resident

0.75%Easy AccessMore Info >
  • Monthly and Annual Interest Options 
  • Access – online, telephone and post
  • Covered by the FSCS (Financial Services Compensation Scheme)
  • Minimum deposit £1,000
  • Variable interest rate

 

0.50%Instant accessMore Info >
  • Balances from £1 to £24,999 receive a rate of 0.50% AER/0.50% Gross p.a. (variable) rising to 0.75% AER/0.75% Gross p.a. (variable) for balances of £25,000 and over.
  • No penalties and no withdrawal charges 
  • Manage your account online, in branch or by phone 
  • Over 16s only

0.50%Instant accessMore Info >
  • Balances from £1 to £24,999 receive a rate of 0.50% AER/0.50% Gross p.a. (variable) rising to 0.75% AER/0.75% Gross p.a. (variable) for balances of £25,000 and over.
  • No penalties and no withdrawal charges 
  • Manage your account online, in branch or by phone 
  • Over 16s only

Fixed Rate Bond Alternatives
ProviderPlan NameDeposit TakerISA OptionTermMaximum Potential ReturnMore Info
4 Year Deposit PlanInvestec Bank plcyes4 years

17%

at end of term

More Info >
  • 17% fixed return if the Index is higher
  • Capital protected
  • Low minimum - £3,000
  • Short/medium alternative to fixed rates
  • Also available for Cash NISA & NISA Transfers
  • Covered by the FSCS (Financial Services Compensation Scheme)
  • Limited offer - deadlines apply. May close early if oversubscribed
  • Plan designed to be held for full term
  • Arrangement fee applies
  • Returns not guaranteed. You may only receive a return of your original capital
6 Year Defensive Deposit PlanInvestec Bank plcyes6 years

33%

at end of term

More Info >
  • 33% fixed return if the Index is higher than 90% of its Initial Level
  • Capital protected
  • Low minimum - £3,000
  • Short/medium alternative to fixed rates
  • Also available for Cash NISA & NISA Transfers
  • Covered by the FSCS (Financial Services Compensation Scheme)
  • Limited offer - deadlines apply. May close early if oversubscribed
  • Plan designed to be held for full term
  • Arrangement fee applies
  • Returns not guaranteed. You may only receive a return of your original capital
Kick Out Deposit PlanInvestec Bank plcyesUp to
6 years

4.5%

per annum

More Info >
  • 4.5% for each year if the FTSE 100 finishes higher than its starting value
  • Opportunity to mature early at year 3, 4 or 5
  • Capital protected
  • Short/medium term alternative to fixed rates
  • Also available for Cash NISAs & NISA transfers
  • Covered by the FSCS (Financial Services Compensation Scheme)
  • Limited offer - deadlines apply. May close early if oversubscribed
  • Plan designed to be held for full term
  • Arrangement fee applies
  • Returns not guaranteed. You may only receive a return of your original capital 
Target Income Deposit PlanInvestec Bank plcyes6 years4.2%
per annum
More Info >
  • Potential annual income of 4.2%
  • Income paid if the FTSE 100 finishes above 95% of its starting value
  • Missed payments added to future payment next time anniversary level above 95%
  • Capital protected
  • Medium/long term alternative to fixed rates
  • Also available for Cash NISA & NISA transfers
  • Covered by the FSCS (Financial Services Compensation Scheme)
  • Limited offer - deadlines apply. May close early if oversubscribed
  • Plan designed to be held for full term
  • Arrangement fee applies
  • Returns not guaranteed. You may only receive a return of your original capital
FTSE Digital Deposit PlanThe Royal Bank of Canadayes6 years

30%

at end of term

More Info >
  • 30% fixed return if the Index is the same level or higher
  • Capital protected
  • Short/medium alternative to fixed rates
  • Also available for Cash NISA & NISA Transfers
  • Covered by the FSCS (Financial Services Compensation Scheme)
  • Limited offer - deadlines apply. May close early if oversubscribed
  • Plan designed to be held for full term
  • Arrangement fee applies
  • Returns not guaranteed. You may only receive a return of your original capital
Important Information: Structured deposits offer you the potential to earn higher returns than you would with a regular savings account. Your returns are based on the performance of an index or commodity. If the investment does not perform well you may receive no income or capital growth, but you can be confident that your capital will be repaid. You have no access to your deposit during the term of the account, typically 3 to 6 years but your original capital will be repaid in full at the end of the term. In the event that the deposit taker is unable to repay your initial investment and any returns stated you may be entitled to compensation from the Financial Services Compensation Scheme (FSCS) depending on your individual circumstances.

Compare 1 Year Fixed Rate Bonds

Compare bonds using our comparison service to make the most of your money - finding the best rate can make a real difference to the interest you earn, so it's worth taking a minute to compare the latest deals from leading providers.

 

What are 1 Year fixed rate bonds? 

A 1 year fixed rate bond is a form of savings account which offer you a guaranteed interest payment over the fixed period of 12 months.

 

Advantages of Fixed Rate Bonds

  • The interest rate offered is guaranteed for 1 year. This is unlike instant access savings accounts where the interest rate can go down or up at short notice.
  • Different banks and building societies will have different views on short, medium to long term interest rates. If interest rates rise more slowly than expected a fixed rate bond may give you a better return than what you could expect from an instant access account.
  • Some fixed rate bonds provide flexibility e.g. 1 withdrawal over the term.
  • Fixed rate bonds range from 2 months to 5 years in duration so you can choose a term that suits your circumstances
  • Many fixed rate bond providers offer online access so you can see how much interest you are earning.

 

Disadvantages of Fixed Rate Bonds

  • The benefit of enjoying a higher rate of interest must be weighed against tying up your capital for a fixed term. If you need access to your capital before maturity this may not be possible and if it is there may be interest penalties.
  • If interest rates rise over the term of the investment you may find the interest rate on your capital is no longer competitive compared to new offerings in the market.
  • Many fixed rate bond providers require a high minimum deposit e.g. £5,000