Fixed Rate

Afin Bank 1-Year Fixed Term Account Review

A competitive one-year fixed rate bond from Afin Bank, with a £1,000 minimum deposit. It ranks 20th of 69 one-year fixed rate bonds we track.

Fixed rate · 1 year

4.70%AER

Rate checked Oct 2026Got this account? Leave a review

Protection

FSCS£120,000

Min balance

£1,000

Max balance

£200,000

Access

At maturity only

Interest paid

Annually

How It Stacks Up

Ranks 20th of 69

1-year fixed bonds we track

Above average
This account 4.70%
UK CPI (Aug 2026)
3.10%
Pays 1.60% more
Average 1-year fixed
4.47%
Pays 0.23% more
Best 1-year fixed
5.12%
Pays 0.42% less

Inflation: ONS. Averages and best rates: accounts on DepositScout.

Compare fixed bonds

A Good Fit For

  • Pro: New and existing savers

Worth Weighing Up

  • Con: Your money is locked in for 1 year
  • Con: You need at least £1,000 to open it

Good to Know

You can choose to have interest paid into your Savings Account or Nominated Bank Account.

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Estimated returns with Afin Bank's Fixed Rate

What you could earn with Afin Bank's 1-Year Fixed Term Account.

Estimated interest

£1,000 saved

£47.00

At 4.7% AER

£5,000 saved

£235

At 4.7% AER

£10,000 saved

£470

At 4.7% AER

£200,000 saved

£9,400

At 4.7% AER

Estimated over one year, if the rate stays the same and interest is left in. Amounts outside the account's minimum or maximum aren't shown.

Work out the tax on your interestSee how much of this interest could be taxed.

Our Expert Opinion on Afin Bank 1-Year Fixed Term Account

Jonny PeaseCo-Founder, DepositScout

Afin Bank's 1-Year Fixed Term Account pays 4.70%, which beats August 2026 CPI of 3.1% by 1.60%, but it sits below the market average for fixed-rate accounts and 0.65% behind the category leader at 5.35%. For savers who want a straightforward one-year fix with between £1,000 and £200,000 to deposit, it does the job, but I would check OakNorth Bank's Fixed Term 12 Months at 4.96% first. The real catch is the usual one: no access until maturity.

2 alternatives to Afin Bank's 1-Year Fixed Term Account

Same type of account, closest on rate.

Common questions about the 1-Year Fixed Term Account

D

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