- The top fixed term savings bonds over different time periods
- This is Money’s savings tables are completely independent and unique
- Accounts with catches are shown clearly
- Compiled by savings expert Sylvia Morris
- Unlike other tables, providers do not have to pay to appear
Accounts featured below are independently selected by This is Money’s specialist journalists. If you open an account using links which have an asterisk, This is Money will earn an affiliate commission. We do not allow this to affect our editorial independence.
| Type of account (min investment) | 0% tax | 20% tax | 40% tax |
|---|---|---|---|
| ONE YEAR | |||
| Hampshire Trust Bank (£1+) | 5.17 | 4.14 | 3.1 |
| Allica Bank (£20,000+) | 5.16 | 4.13 | 3.11 |
| Close Brothers Savings (£10,000+) | 5.16 | 4.13 | 3.11 |
| Smartsave Bank (£10,000+) | 5.16 | 4.13 | 3.1 |
| Beehive Money (£500+) | 5.15 | 4.12 | 3.09 |
| Charter Savings Bank (£5,000+) | 5.11 | 4.09 | 3.07 |
| Oaknorth Bank (£1+) | 5.11 | 4.09 | 3.07 |
| Aldermore Bank (£1,000+) | 5.06 | 4.05 | 3.04 |
| Hodge Bank (£1,000+) | 5.06 | 4.05 | 3.04 |
| Al Rayan Bank (£5,000+) (3) | 5.05 | 4.04 | 3.03 |
| Kent Reliance (£1,000+) | 5.05 | 4.04 | 3.03 |
| Paragon Bank (£1,000+) | 5.05 | 4.04 | 3.03 |
| Stream Bank (£1,000+) | 5.05 | 4.04 | 3.03 |
| Access Bank (£5,000+) | 5.00 | 4.00 | 3.00 |
| Investec Bank (£5,000+) | 5.00 | 4.00 | 3.00 |
| Ford Money (£500+) | 5.00 | 4.00 | 3.00 |
| Shawbrook Bank (£1,000+) | 5.00 | 4.00 | 3.00 |
| United Trust Bank (£5,000+) | 5.00 | 4.00 | 3.00 |
| Zopa Bank (£1,000+) | 5.00 | 4.00 | 3.00 |
| Cynergy Bank (£10,000+) | 4.95 | 3.96 | 2.97 |
| Union Bank of India (£1,000+) | 4.95 | 3.96 | 2.97 |
| Atom Bank (£50+) | 4.9 | 3.96 | 2.97 |
| Marcus by Goldman Sachs (£1+) | 4.9 | 3.92 | 2.94 |
| Brown Shipley (£1,000)*( R) | 4.9 | 3.92 | 2.94 |
| EIGHTEEN MONTHS | |||
| United Trust Bank ( £5,000+) (4) | 5.00 | 4.00 | 3.00 |
| Cynergy Bank (£10,000+) (4) | 4.8 | 3.84 | 2.88 |
| Gatehouse Bank (£1,000+) | 4.75 | 3.8 | 2.85 |
| Skipton BS (£5,000+) | 4.75 | 3.8 | 2.85 |
| TWO YEARS | |||
| DF Capital (£1,000+) | 5.07 | 4.06 | 3.05 |
| Hampshire Trust Bank (£1+) | 5.06 | 4.05 | 3.04 |
| Close Brothers Savings (£10,000+) | 5.05 | 4.04 | 3.03 |
| Beehive Money (£500+) | 5.01 | 4.01 | 3.01 |
| Union Bank of India (£5,000+) | 4.95 | 3.96 | 2.97 |
| Hodge Bank (£1,000+) | 4.9 | 3.92 | 2.94 |
| THREE YEARS | |||
| Skipton BS (£5,000+) ( 30 month term) | 4.75 | 3.81 | 2.76 |
| Close Brothers Savings (£10,000+) | 4.65 | 3.72 | 2.79 |
| Hampshire Trust Bank (£1+) | 4.65 | 3.72 | 2.79 |
| Access Bank (£5,000+) | 4.6 | 3.68 | 2.76 |
| Atom Bank (£50+) | 4.5 | 3.6 | 2.7 |
| Hodge Bank (£1,000+) | 4.5 | 3.6 | 2.7 |
| Oxbury Bank (£1,000+) | 4.46 | 3.57 | 2.68 |
| Investec Bank (£5,000+) | 4.4 | 3.52 | 2.64 |
| FIVE YEARS | |||
| Close Brothers Savings (£10,000+) | 4.55 | 3.64 | 2.73 |
| Secure Trust Bank (£1,000+) | 4.55 | 3.64 | 2.73 |
| Shawbrook Bank (£1,000+) | 4.53 | 3.62 | 2.72 |
| Hodge Bank (£1,000+) | 4.41 | 3.53 | 2.65 |
| Atom Bank (£50+) | 4.4 | 3.52 | 2.64 |
| DF Capital (£1,000+) | 4.4 | 3.52 | 2.64 |
| United Trust Bank (£5,000+) | 4.3 | 3.44 | 2.58 |
| Zopa Bank (£1,000+) | 4.3 | 3.44 | 2.58 |
| * If you open an account using links which have an asterisk, This is Money will earn an affiliate commission. We do not allow this to affect our editorial independence nor will it impact the interest rate you receive. | |||
| * (R) Deal is exclusive via savings platform, Raisin UK. | |||
| * (H) Deal is available via Hargreaves Lansdown’s savings platform, Active Savings. | |||
| (3) This rate is the ‘expected profit rate’ under Sharia compliant accounts. The bank monitors the target profit on a daily basis to ensure it is achievable. | |||
| (4) 15-month term | |||
* Note: From April 2018, tax conversions will apply only to taxpayers living in England, Wales and Northern Ireland. Scottish taxpayers are subject to different income tax rates after this date.
Dear Reader,
These tables are unique on the web. They are independent and providers are not forced to pay to appear, which is typically the case at big comparison sites.
Independent savings expert: Sylvia Morris
They are completely unbiased – we simply show the best rates around and don’t do ‘featured deals’.
We’ve gone a step further, too. To feature in the best buys on variable rate accounts in our savings tables, an account must give you easy access to your money and come with no hidden catches.
In the past we have refused to include accounts where the rate is boosted by a short-term bonus or those with over-restrictive conditions so you only earn the advertised rate if you make three or less withdrawals a year.
But with interest rates so low, most of today’s best deals have some sort of clause built in, whether that’s a bonus or a restriction on withdrawals.
For that reason, we’ve included decent bonuses as long as they last for at least 12 months. This is to avoid you having to switch your account too often when short-term bonuses run out.
If there is a restriction on withdrawals we have made this clear in the notes on each account.
We also ignore old-style ‘notice’ accounts where the bank or building society can demand you give up to six months’ notice that you want to take our money out while it can change the rate at any time without warning.
All banks and building societies are registered with the Financial Services Authority and signed up to the Financial Services Compensation Scheme, either directly (protecting up to £85,000) or via its passport scheme (where the compensation limit depends on the bank’s home country. In Europe it is €100,000).
If you have a question about the tables email [email protected] and [email protected]
Sylvia Morris
This is Money savings tables expert
