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Compare 1 Year Fixed Rate Bonds

Oak North
Fixed Rate Bond Oak North
Min deposit £1000
Term 18 Months
Interest AER 2.03%

Why we like it: £1,000 minimum deposit, £250,000 maximum. Interest paid on maturity. No withdrawals permitted. FSCS Protected

Oak North
Fixed Rate Bond Oak North
Min deposit £1000
Term 15 Months
Interest AER 2.02%

Why we like it: £1,000 minimum deposit, £250,000 maximum. Interest paid on maturity. No withdrawals permitted. FSCS Protected

Oak North
Fixed Rate Bond Oak North
Min deposit £1000
Term 12 Months
Interest AER 2.01%

Why we like it: £1,000 minimum deposit, £250,000 maximum. Interest paid on maturity. No withdrawals permitted. FSCS Protected

Zenith Bank UK
Fixed Rate Bond Zenith Bank UK
Min deposit £1000
Term 1 Year
Interest AER 2.00%

Why we like it: Interest paid at annually. Minimum deposit £1,000, maximum £2,000,000. No withdrawals permitted. FSCS Protected

Masthaven Bank
Flexible Term Saver Masthaven Bank
Min deposit £500
Term 15 Months
Interest AER 1.91%

Why we like it: 15 month term. Interest can be paid monthly or annually. Minimum deposit £500, Maximum deposit £250,000. No withdrawals permitted. FSCS Protected

Ford Money
Fixed Saver Ford Money
Min deposit £500
Term 1 Year
Gross AER 1.90%

Why we like it: Minimum deposit £500. Open an account singly or jointly. Interest can be paid monthly or annually. Eligible deposits covered by UK FSCS.

Wyelands Bank
Fixed Rate Bond Wyelands Bank
Min deposit £5000
Term 1 Year
Interest AER 1.90%

Why we like it: Save from £5,000. No withdrawals during the term. FSCS Protected

Masthaven Bank
Fixed Rate Bond Masthaven Bank
Min deposit £500
Term 1 Year
Interest AER 1.86%

Why we like it: 1 year term. Interest can be paid monthly or annually. Minimum deposit £500, Maximum deposit £250,000. No withdrawals permitted. FSCS Protected

Habib Bank Zurich
Fixed Rate Bond Habib Bank Zurich
Min deposit £1000
Term 1 Year
Interest AER 1.85%

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

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

The Access Bank UK
Fixed Rate Bond The Access Bank UK
Min deposit £5000
Term 1 Year
Interest AER 1.72%

Why we like it: Save from £5,000 to £500,000. No additional deposits or withdrawals permitted. FSCS Protected

Oak North
Fixed Rate Bond Oak North
Min deposit £1000
Term 6 Months
Interest AER 1.71%

Why we like it: £1,000 minimum deposit, £250,000 maximum. Interest paid on maturity. No withdrawals permitted. FSCS Protected

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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. Vanquis 12 month fixed rate bond »

  • Fixed 12 month 1.50% at time of writing
  • Interest is paid monthly or at maturity
  • Online access only
  • Minimum deposit - £1,000
  • Maximum deposit - £250,000
  • FSCS Protected up to £85,000

Quick online application from Vanquis

2. Axis Bank 12 month Fixed Rate Bond »

  • Fixed 12 month 1.45% at time of writing
  • Interest is paid monthly, quarterly or at maturity
  • In branch or post account
  • Rollover option on your balance for another year when the bond reaches maturity
  • Minimum deposit - £1,000
  • Maximum deposit - £200,000
  • FSCS Protected up to £85,000

Quick online application from Axis Bank

3. Aldermore Bank 12 month Fixed Rate Bond »

  • Fixed 12 month 1.50% at time of writing
  • Interest is paid monthly, quarterly or at maturity
  • Access your account online, by phone or through the post
  • Process your application online, including all identity checks, within minutes.
  • Minimum deposit - £1,000
  • Maximum deposit - £1,000,000
  • FSCS Protected up to £85,000

Quick online application from Aldermore 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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