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Best 1 Year Fixed Rate Bonds

A 1-year fixed rate bond could be a good home for your savings if you don't need to access your funds within a year. Fixed rate bonds often offer better rates than notice accounts or easy access accounts.

Ready to compare rates? Start your comparison below. You can personalise the table with our search functionality, eg. specifying the size of your investment amount.

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Browse Fixed Rate Bond Terms

Best 1 Year Fixed Rate Bonds

Best 1 Year Fixed Rate Bonds

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We found 123 products in total, of which 19 have links to providers.

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Selecting ‘Provider Links First’ brings all products that you can apply for directly via Moneyfacts to the top of the chart in rate order. Products that do not have an ‘Go To Provider's Site’ button will appear below, again in rate order. Selecting ‘Rate’ will change the chart to list all products in rate order. Products that have ‘Go To Provider's Site’ links will still be in the list but in rate position.

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  • Zenith Bank (UK) Ltd 1 Year Fixed Term Deposit
    AER
    5.10%
    Account Type
    Fixed
    Term
    1 Year Bond
    Interest Paid
    On Maturity
    Go To Provider's Site
  • Habib Bank Zurich plc HBZ Fixed Rate eDeposit
    AER
    5.05%
    Account Type
    Fixed
    Term
    12 Month Bond
    Interest Paid
    On Maturity
    Go To Provider's Site
  • Habib Bank Zurich plc HBZ Sirat eDeposit (Fixed Term Account)
    AER
    5.05%
    Expected Rate
    Account Type
    Fixed
    Term
    12 Month Bond
    Interest Paid
    On Maturity
    Go To Provider's Site
  • Advertisement

    • AER

      4.75%

      Account Type

      Fixed

      Term

      1 Year Bond

      Interest Paid

      Anniversary, Monthly

      Opening Account

      Online

      Managing Account

      Online, Telephone

      • Save up to £2,000,000, with a minimum balance of £1,000
      • Get certainty with a fixed rate for the duration of your term
      • Apply for an account in minutes with a straightforward online application process
      • Choose how frequently your interest gets paid, either monthly or annually
      • Save with an award-winning provider with over 350,000 savings customers in the UK
  • StreamBank Fixed Rate Account - Issue 14
    AER
    5.05%
    Account Type
    Fixed
    Term
    1 Year Bond
    Interest Paid
    On Maturity
    Further Options ˅
    Go To Provider's Site
    AER
    5.05%
    Account Type
    Fixed
    Term
    1 Year Bond
    Interest Paid
    Monthly
    Go To Provider's Site
  • QIB (UK) Raisin UK - 1 Year Fixed Term Deposit
    AER
    5.02%
    Expected Rate
    Account Type
    Fixed
    Term
    1 Year Bond
    Interest Paid
    On Maturity
    Go To Provider's Site
  • Bank of London and The Middle East Premier Deposit Account (Anticipated Profit Rate)
    AER
    5.00%
    Expected Rate
    Account Type
    Fixed
    Term
    1 Year Bond
    Interest Paid
    On Maturity
    Go To Provider's Site
  • Investec Bank plc 1-Year Fixed Rate Saver
    AER
    5.00%
    Account Type
    Fixed
    Term
    1 Year Bond
    Interest Paid
    On Maturity
    Go To Provider's Site
  • Brown Shipley Raisin UK - 1 Year Fixed Term Deposit
    AER
    4.90%
    Account Type
    Fixed
    Term
    1 Year Bond
    Interest Paid
    On Maturity
    Go To Provider's Site
  • Paragon Bank Raisin UK - 1 Year Fixed Term Deposit
    AER
    4.90%
    Account Type
    Fixed
    Term
    1 Year Bond
    Interest Paid
    On Maturity (Compounded Annually)
    Go To Provider's Site
  • SmartSave Saga Savings - 1 Year Fixed Term Deposit
    AER
    4.88%
    Account Type
    Fixed
    Term
    1 Year Bond
    Interest Paid
    On Maturity
    Go To Provider's Site
Depositor Protection

Eligible deposits with UK institutions are protected by the Financial Services Compensation Scheme (FSCS) up to a maximum level of protection of £85,000 per person per institution. All new savings or bank accounts provided to UK customers are now covered by the FSCS.

Disclaimer

All rates subject to change without notice. Please check all rates and terms before investing or borrowing.

Provider Links

‘Go To Provider's Site’ links are where we have an arrangement with a provider so you can move directly from our site to theirs to view more information and apply for a product. We also use ‘Speak to A Broker’ links where we have an arrangement with a preferred broker to move you directly to their site. Depending on the arrangement we may receive a modest commission either when you press a 'Go To Provider's Site' or 'Speak To A Broker' button, when you call an advertised number or when you complete an application following a link from our website.

A guide to one year fixed rate bonds

At a glance

  • One year fixed rate bonds are a great short-term savings option as rates tend to be higher than on notice and easy access accounts.
  • Most one year fixed rate bonds do not let you access your money early.
  • The best rates usually offered by challenger banks.
  • All banks and building societies we list are covered by the Financial Services Compensation Scheme.

Why should I choose a one year fixed rate bond?

Essentially a one year fixed bond is likely to offer you a better rate of interest than a simple easy access account. In return for your agreement not to touch the funds for the fixed period of 12 months, the provider can offer you a superior return than those where funds can be withdrawn at will. In most cases, you’ll find that one-year fixed rate bonds will not allow any withdrawals – although you may find one or two that allow you access with an interest penalty. Hence these accounts are perfect for investors who can happily put the funds to one side for the duration of the bond.

A one year fixed rate bond is what’s known as a short-term bond. These offer better returns but do not lock your money away for an extended period. Consequently, they are a useful trade-off between access and obtaining a decent return on your investment.

Who are one year bonds most suitable for?

One year fixed rate bonds are ideal for anyone considering a short-term investment. A year is a relatively short time to lock your money away, but due to the restrictions on withdrawals, you must be certain that you will not need access to these funds during the one-year duration you have agreed to. If you feel confident about committing to a longer period, you might consider a two year fixed rate bond instead.

Don’t recognise a fixed rate bond provider?

A trend in the one-year fixed rate bond market is for the best rates to be offered by smaller, less mainstream banks. These are referred to as challenger banks, however, you should not any have any concerns that your money is any less safe with one of these institutions than with one of the bigger, high street brands. All banks and building societies listed by Moneyfactscompare.co.uk are part of the Financial Services Compensation Scheme. As such, the first £85,000 you have saved is fully protected should the bank or building society fail.

Ready to compare today's bond rates? Click below to view the best one year fixed rate bonds at the top of the page.

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Ashley Seager

Digital Marketing Manager

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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.

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