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Compare 1 Year Fixed Rate Bonds

Hampshire Trust Bank
Fixed Rate Bond Hampshire Trust Bank
Min deposit £1
Term 6 Months
Interest AER 5.18%

Why we like it: MARKET LEADING 6 MONTH FIXED RATE BOND. Interest paid at maturity. Open in a single or a joint name. Maximum deposit £250,000. FSCS Protected. Winner of Platinum Feefo Trusted Service Award in 2021. Must be UK resident and be aged 18 or older. No withdrawals permitted

Aldermore
Fixed Rate Bond Aldermore
Min deposit £1000
Term 1 Year
Interest AER 5.11%

Why we like it: MARKET LEADING 1 YEAR FIXED RATE BOND. 1 year term, minimum deposit £1,000, no withdrawals permitted. FSCS Protected

Hampshire Trust Bank
Fixed Rate Bond Hampshire Trust Bank
Min deposit £1
Term 9 Months
Interest AER 5.06%

Why we like it: MARKET LEADING 9 MONTH FIXED RATE BOND. Interest paid at maturity. Open in a single or a joint name. Maximum deposit £250,000. FSCS Protected. Winner of Platinum Feefo Trusted Service Award in 2021. Must be UK resident and be aged 18 or older. No withdrawals permitted

Aldermore
Fixed Rate Bond Aldermore
Min deposit £1000
Term 9 Months
Interest AER 5.05%

Why we like it: 9 month term, minimum deposit £1,000, no withdrawals permitted. FSCS Protected

Investec Savings
Fixed Rate Bond Investec Savings
Min deposit £5000
Term 1 Year
Interest AER 5.00%

Why we like it: Interest paid on maturity. Automatic repayment to your linked account. Maximum deposit £250,000. FSCS Protected. Must have a UK residential address and be aged 18 or older. No withdrawals permitted

RCI Bank
Fixed Rate Bond RCI Bank
Min deposit £1000
Term 1 Year
Interest AER 4.60%

Why we like it: Which? Recommended Savings Provider. Save from £1,000 to £250,000. No withdrawals before the end of the term. Your eligible deposits with RCI Bank UK Limited are protected up to a total of £85,000 by the Financial Services Compensation Scheme (FSCS)

Leeds Building Society
Fixed Rate Bond Leeds Building Society
Min deposit £100
Term 1 Year
Interest AER 4.60%

Why we like it: Interest paid annually. Open online, in branch or by post. FSCS Protected. Must be UK resident and be aged 18 or older. No withdrawals permitted

Nationwide
Fixed Rate Bond Nationwide
Min deposit £1
Term 1 Year
Interest AER 4.25%

Why we like it: Interest paid at maturity. Open in single or joint name. Maximum deposit £5,000,000. Open and manage online. FSCS Protected. Must be UK resident and be aged 16 or older. No withdrawals permitted

Is a 12 month fixed rate bond right for you?

Right now, there are some savings accounts on the market that offer competitive rates of interest on smaller amounts of money. For example, Leeds Building Society currently offers 5.10% on their Instant Access Account.

However, if you are looking to get a return on a larger sum, fixed rate bonds can be 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.

12 month fixed rate bonds can be particularly attractive as they mean your money is only locked away for a relatively short period. This can make 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.

Compare 12 month fixed rate bonds

We have selected some of the most attractive 12 month fixed rate bonds currently on offer below. The rates of interest they offer change regularly, so please see the table above for the latest rates.

1.  Aldermore Bank 1 Year Fixed Rate Bond »

  • Fixed 1 Year 5.05% at time of writing
  • Interest paid monthly or at maturity
  • Minimum deposit - £1,000
  • FSCS Protected up to £85,000

Quick online application from Aldermore Bank

2. Investec Bank 1 Year Fixed Rate Bond »

  • Fixed 1 Year 5.00% at time of writing
  • Interest paid at maturity
  • Minimum deposit - £5,000
  • FSCS Protected up to £85,000

Quick online application from Investec Bank

3. RCI Bank 1 Year Fixed Rate Bond »

  • Fixed 1 Year 4.60% at time of writing
  • Interest paid monthly or at maturity
  • Open in single or joint name
  • Minimum deposit - £1,000
  • FSCS Protected up to £85,000

Quick online application from RCI Bank

Other fixed rate bonds

If you are not planning on using your money in the near future, you may want to consider 2 year, 3 year or 5 year fixed rate bonds as these can provide a better rate of interest. However, these longer term bonds will increase the length of time during which you cannot access your savings.

Find 12 Month Fixed Rate Bond Best Buys

Getting the best deals on 12 month fixed rate bonds can be confusing, but there are some fantastic opportunities out there if you can find them. Make sure to shop around and you should be able to find an account that matches your specific needs while offering a good return.

Fixed Rate Bond Alternatives

Fixed Income Plan

5.68% per year fixed, quarterly payments, for full 4 year term…

  • Fixed monthly income: 0.4733% (equivalent to 5.68% annually)
  • Income paid monthly for full 4 year term of the plan, regardless of the FTSE 100 performance
  • Capital at risk product - 65% barrier
  • Available for stocks and shares ISAs, ISA Transfers & direct investments. Also available to businesses, charities, trusts & SIPP and SSAS pension schemes
  • Investment term - 4 years
  • Arrangement fee applies
  • Minimum investment - £5,000

More info »

Important Information: This is a structured investment plan which is not capital protected and is not covered by the Financial Services Compensation Scheme (FSCS) for default alone. There is a risk of losing some or all of your initial investment due to the performance of the underlying investment. There is also a risk that the company backing the plan known as the Counterparty may be unable to repay your initial investment and any returns stated.

Latest news

Popular Fixed Income Plan - Pays 5.8% pa with Monthly Income

Are you getting 5.8% fixed from your capital?  Read More »

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