Compare 1 year fixed rate bonds

Choose from a variety of 1 year fixed-rate bonds to find one that will help your savings grow by paying you a fixed rate of interest for 12 months.

  • Earn a fixed rate of interest for 12 months
  • Protect yourself from interest rate changes
  • Protected by the FSCS

Compare 1 year fixed-rate bonds from leading providers

You'll only find results from genuine companies. Our data experts check each company before we add them to our comparisons.

RCI

How to find the best 1 year fixed-rate bond

1

How long can you leave your money untouched?

Some fixed rate bonds don't let you access your cash once they're opened.

2

What's the interest rate? 

The best fixed rate bonds have higher rates of interest. This gives you more for your money.

3

How much do you want to save? 

Some fixed rate bonds can be opened with as little as £1 whereas others need a lot more.

4

How is interest paid out? 

The best 1 year fixed rate bonds usually let you choose whether to have it paid monthly or when the bond matures.

1 year fixed rate bond-deals

8 results found, sorted by highest interest rate. How we order our comparisons. Commission earned affects the table's sort order.
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Boost your savings with Raisin UK's £50 welcome bonus
Raisin UK Isbank UK - 1 Year Fixed Term Deposit
Account type
Fixed rate bond
Open with
£1,000
Interest rate
1.15% AER fixed
Protection scheme
FSCS
Withdrawal conditions apply.
Rate Tiers
Gross rateGross rateAERAER
Excluding bonusIncluding bonusExcluding bonusIncluding bonus
£1,0001.15%1.15%1.15%1.15%
Eligibility
Maximum Initial Deposit£85,000
Minimum Initial Deposit£1,000
Minimum Age18 years
Permanent UK Resident
Boost your savings with Raisin UK's £50 welcome bonus
Raisin UK FCMB Bank (UK) Limited - 1 Year Fixed Term Deposit
Account type
Fixed rate bond
Open with
£1,000
Interest rate
0.6% AER fixed
Protection scheme
FSCS
Withdrawal conditions apply.
Rate Tiers
Gross rateGross rateAERAER
Excluding bonusIncluding bonusExcluding bonusIncluding bonus
£1,0000.6%0.6%0.6%0.6%
Eligibility
Maximum Initial Deposit£85,000
Minimum Initial Deposit£1,000
Minimum Age18 years
Permanent UK Resident

What are 1 year fixed-rate bonds

One year fixed-rate bonds are savings accounts that offer a fixed rate of interest for the whole duration of a year. This means that no matter if the base rate falls or rises, you'll get a fixed return for 12 months.

What types of bonds can you choose for one year?

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.

Which 1 year fixed-rate bond should you choose?

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 fixed rate bonds:

1. 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.

2. 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.

3. 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.

How much money 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.

"The main advantage of fixed rate bonds is that they tend to offer better interest rates than other protected savings products.

"Also keep on mind the role of inflation. Even with the best rates available to you, if it isn't more than the rate of inflation you still might be losing money versus the cost of living. "

Pros and cons of 1 year fixed-rate bonds

  • Your interest rate is fixed for a year and you're guaranteed a return on your money
  • You'll know the exact amount of the expected return
  • You have a defined savings period
  • You're protected form interest rate changes
  • Your savings are protected by the FSCS up to £85,000¹
  • You tie up your money for a year
  • Rates of interest are usually better than standard bank accounts, they are not usually that much better
  • If you withdraw early, you'll be charged an interest penalty

Are there any alternatives?

High interest current accounts

Though the amount of savings you can earn interest on will usually be limited. These high interest current accounts work like standard current accounts, so you will be able to access your money when you need it.

Regular Saver accounts

These accounts often offer higher interest rates than traditional fixed or easy-access savings accounts but they also have strict requirements such as minimum monthly deposits, and restricting the number of times you can make a withdrawal.

Easy access / instant access savings accounts

If you want the freedom to withdraw money. However, it is unlikely that easy access and instant access savings accounts will be able to match the interest rates of a fixed-rate bond.

1 year fixed-rate bond FAQs

Is my money safe in a one year bond?

Are one year bonds tax free?

Is a 1 year fixed rate bond the best place for your savings?

Can I have more than one savings account?

What is AER?

Explore savings accounts guides

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Why compare 1 year fixed-rate bonds with money.co.uk?

Comparing fixed rate bonds could help you increase your returns. Our multiple award-winning comparison service makes sure you get our best interest rates. Our aim is to provide you with the most up-to-date information, as well as useful tools and calculators so to help you make life's most important decisions and take control of your money.

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We have always aimed to provide the best possible services to bridge the gap between our users and our clients. Over the years, we have been thrilled to be recognised by various prestigious bodies and organisations for those efforts.

¹FSCS protection for banks, building societies and credit unions is up to £85,000 per person per banking licence, or up to £170,000 for joint accounts.

Last updated: 15 September, 2021