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Featured - ISA allowance
What is the 2024/25 ISA allowance?A new tax-year means a refreshed ISA allowance to allocate. Find out more about the 2024/25 ISA allowance...
Savings
ISAs
Mortgages
Buy to let
Specialist mortgages
Featured - Debt and your credit score
How debt impacts your credit scoreA healthy credit score has its benefits, so make sure you manage your debt correctly.
Loans
Featured - travel insurance
Travel insurance 2024Discover the best travel insurance policy for your next trip.
Home & vehicle
Health & travel
Featured - High interest current accounts
Find current accounts offering in-credit interest rates up to 5.00% AER.
Current accounts
Featured - Purchase Cards
Best purchase credit cardsExplore the best cards with a 0% introductory period.
Credit cards
Credit repair
Calculators & guides
Featured - The triple lock explained
Could the value of your state pension rise by more than inflation?
Retirement
Business savings
Business products
Business insurance
How much can I give as a cash gift?
How much can I give as a cash gift?Will your loved one's gift be tax affected?
Categories
Featured guides
Popular news
Latest news - by category
Other money & finance news
Featured Star Ratings categories
Other Star Ratings categories
The one-year fixed rate Guaranteed Growth Bonds and Guaranteed Income Bonds are on offer for the first time since 2019.
The Government-backed National Savings and Investments (NS&I) relaunched its one-year fixed rate Guaranteed Growth Bonds and Guaranteed Income Bonds today.
The Guaranteed Growth Bonds Issue 70 now pays a rate of 4.00% AER on anniversary while the Guaranteed Income Bonds Issue 70 pays 3.97% AER monthly. This means both rates are the provider’s highest on offer since 2010.
“I’m pleased that we are able to bring back on general sale our popular one-year fixed-rate Bonds with two new Issues,” said Ian Ackerley, Chief Executive at the NS&I.
This is the first time one-year fixed rate Guaranteed Growth Bonds and Guaranteed Income Bonds have been on sale to the public since 2019, the year before the COVID-19 pandemic and the ensuing lockdowns.
“The savings market overall has been blessed by interest rate rises over the past year so there are currently a few alternative one-year fixed bonds that will pay 4% or more for savers to consider,” said Rachel Springall, Finance Expert at Moneyfacts.
SmartSave offers the market-leading one-year fixed rate of 4.16% AER on maturity. Like NS&I’s options, this offer can only be opened and managed online.
However, it is likely that SmartSave will attract wealthier savers as its minimum opening deposit sits at £10,000. NS&I’s options set this at £500.
Still, based on a deposit of £10,000, savers who opt for SmartSave’s 1 Year Fixed Rate Saver can expect to earn £416 over the one year period. In contrast, the same deposit in the Guaranteed Growth Bonds Issue 70 would earn £16 less over this period.
Meanwhile, the top rate for monthly interest payments on this chart comes from Atom Bank. At 4.15% AER, the 1 Year Fixed Saver requires a minimum deposit of £50.
It is also only opened and managed via Atom Bank’s mobile app.
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Information is correct as of the date of publication (shown at the top of this article). Any products featured may be withdrawn by their provider or changed at any time. Links to third parties on this page are paid for by the third party. You can find out more about the individual products by visiting their site. Moneyfactscompare.co.uk will receive a small payment if you use their services after you click through to their site. All information is subject to change without notice. Please check all terms before making any decisions. This information is intended solely to provide guidance and is not financial advice. Moneyfacts will not be liable for any loss arising from your use or reliance on this information. If you are in any doubt, Moneyfacts recommends you obtain independent financial advice.
Each week the Moneyfactscompare.co.uk content team round up and discuss the very best savings rates available in the UK. Compare and apply today.
New leading three- and five-year bonds as other top rates remain stable.
The Moneyfacts Pick of the Week showcases the best of the latest products or rate changes to hit the consumer finance market.
This week's selection includes a five-year bond from GB Bank and a two-year fixed rate mortgage from first direct.
Each week the Moneyfactscompare.co.uk content team round up and discuss the very best ISA rates available in the UK. Compare and apply today.
No change in top variable rates, as best fixed returns fluctuate.
Each week the Moneyfactscompare.co.uk content team round up and discuss the very best savings rates available in the UK. Compare and apply today.
New leading three- and five-year bonds as other top rates remain stable.
The Moneyfacts Pick of the Week showcases the best of the latest products or rate changes to hit the consumer finance market.
This week's selection includes a five-year bond from GB Bank and a two-year fixed rate mortgage from first direct.
Each week the Moneyfactscompare.co.uk content team round up and discuss the very best ISA rates available in the UK. Compare and apply today.
No change in top variable rates, as best fixed returns fluctuate.
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Moneyfactscompare.co.uk will never contact you by phone to sell you any financial product. Any calls like this are not from Moneyfacts. Emails sent by Moneyfactscompare.co.uk will always be from news@moneyfacts-news.co.uk. Be ScamSmart.
Moneyfactscompare.co.uk will never contact you by phone to sell you any financial product. Any calls like this are not from Moneyfacts. Emails sent by Moneyfactscompare.co.uk will always be from news@moneyfacts-news.co.uk. Be ScamSmart.
Moneyfactscompare.co.uk will never contact you by phone to sell you any financial product. Any calls like this are not from Moneyfacts. Emails sent by Moneyfactscompare.co.uk will always be from news@moneyfacts-news.co.uk. Be ScamSmart.
Moneyfactscompare.co.uk will never contact you by phone to sell you any financial product. Any calls like this are not from Moneyfacts. Emails sent by Moneyfactscompare.co.uk will always be from news@moneyfacts-news.co.uk. Be ScamSmart.
Moneyfactscompare.co.uk will never contact you by phone to sell you any financial product. Any calls like this are not from Moneyfacts. Emails sent by Moneyfactscompare.co.uk will always be from news@moneyfacts-news.co.uk. Be ScamSmart.