The one that offers you the highest interest rate for the amount you can afford to save.

You should also consider the following when choosing your one year fixed rate bond:

  • Can you tie your money up for 12 months? You could be penalised for withdrawing before the end of the 12 months, e.g. 90 days' worth of interest.

  • Can you get more interest without tying your money up for a year? Some instant access or notice accounts might offer a better rate for the amount you want to save.

  • Can you leave your money untouched for longer than a year? You can usually get a better rate if you tie your money up for more than 12 months.

Make sure you compare as many one year fixed bonds as possible from our table to find the best investment for your money.

What types of bonds can you choose for one year?

Our table shows the following types of one year fixed interest accounts:

  • Fixed rate bonds: these run for a year from the date you open the account.

  • Limited issue bonds: these run until a set date; e.g. 30th March in one year's time.

How much do you need to open a one year fixed bond?

This can vary between 1 to 50,000, but the minimum required amount does not always reflect how good a fixed rate bond is.

For example, a one year fixed rate bond that requires you to open it with 50,000 may offer 1%, but another one year bond that requires 1 could offer 1.5%.

You can see how much is required to open each of the one year fixed rate bonds on our table.

One year fixed bond FAQs


How much money do I need to open a one year bond?


This can vary from 1 up to 50,000. You can use our table filters to find a savings account based on how much you have to open it with.


Is my money safe in a one year bond?


Look out for protection schemes, whether UK based like the FSCS, or company provided as seen from P2P companies. Find out more here.


Are one year bonds tax free?


If you are a basic rate taxpayer you can earn up to 1,000 of savings interest tax free, or 500 if you are a higher rate taxpayer. Find out more here.


Can I have more than one savings account?


Yes, but make sure you keep some money accessible in case of an emergency. Read this guide for help choosing the right savings account.


What is AER?


It is the Annual Equivalent Rate which tells you how much interest you will actually get paid until the end of the term of your chosen fixed rate bond.