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Compare 1 Year Fixed Rate Bonds

Axis Bank
Fixed Rate Bond Axis Bank
Min deposit £1000
Term 1 Year
Interest AER 1.75%

Why we like it: Interest can be paid monthly, quarterly or at maturity - Minimum deposit £1,000 - Maximum deposit £200,000 - No withdrawals permitted - FSCS Protected

Habib Bank Zurich
Fixed Rate Bond Habib Bank Zurich
Min deposit £1000
Term 1 Year
Interest AER 1.65%

Why we like it: Minimum deposit £1000. No withdrawals permitted. Apply online. Eligible deposits covered by UK FSCS.

The Access Bank UK
Fixed Rate Bond The Access Bank UK
Min deposit £5000
Term 1 Year
Interest AER 1.65%

Why we like it: MARKET LEADING 1 YEAR FIXED RATE BOND. Save from £5,000 to £500,000. No additional deposits or withdrawals permitted. FSCS Protected

Aldermore
Fixed Rate Bond Aldermore
Min deposit £1000
Term 1 Year
Interest AER 1.65%

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

Cynergy Bank
Fixed Rate Bond Cynergy Bank
Min deposit £10000
Term 1 Year
Interest AER 1.55%

Why we like it: 1 year term, minimum deposit £10,000, no withdrawals permitted. Interest paid on maturity FSCS Protected

Habib Bank Zurich
Fixed Rate Bond Habib Bank Zurich
Min deposit £1000
Term 6 Months
Interest AER 0.8%

Why we like it: Minimum deposit £1000. No withdrawals permitted. Apply online. Eligible deposits covered by UK FSCS.

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, RCI Bank and Post Office presently offer 1.30% on their leading savings accounts.

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. Zenith Bank 1 Year Fixed Rate Bond »

  • Fixed 1 Year 1.87% at time of writing
  • Interest is on maturity
  • Online access only
  • Minimum deposit - £1,000
  • Available as a single or joint account
  • FSCS Protected up to £85,000

Quick online application from Zenith Bank

 

2. Habib Bank 1 Year Fixed Rate Bond »

  • Fixed 1 Year 1.85% at time of writing
  • Interest paid at maturity
  • Open an account singly or jointly
  • Minimum deposit - £1,000
  • FSCS Protected up to £85,000

Quick online application from Habib Bank

 

3. Axis Bank 1 Year Fixed Rate Bond »

  • Fixed 1 Year 1.80% at time of writing
  • Interest paid monthly, quarterly or on maturity
  • Open an account singly or jointly
  • Minimum deposit - £1,000
  • FSCS Protected up to £85,000

Quick online application from Axis 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.

Latest news

Pensioner Bond Maturity - 5 Ideas For Your Cash

From January 2018 over 900,000 people who invested in pensioner bonds will start to see their bonds mature. Savers who have been enjoying 4% pa are going to get a shock when they look for comparable returns from cash in the current market. We have put together 5 ideas for your cash in 2018

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

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