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Close Brothers Savings 1 Year Fixed Rate Bond Review

Headline rate

5.01%AER fixed

For 1 year

Protection

FSCS

Up to £120,000

Min balance

£10,000

Max balance

£2,000,000

Access

No access until maturity

Interest paid

Annually

Who Is This For

  • New and existing savers
  • Savers happy with a £2,000,000 cap
  • Savers who can deposit at least £10,000
  • Savers who can lock money away for 1 Year

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Estimated returns with Close Brothers Savings' Fixed Rate

Want to know how much interest you will receive with Close Brothers Savings's 1 Year Fixed Rate Bond?

Estimated interest

£10,000 saved

£501

At 5.01% AER

£50,000 saved

£2,505

At 5.01% AER

£2,000,000 saved

£100,200

At 5.01% AER

Estimated over one year, assuming the rate stays the same and interest stays in the account. Amounts outside this account's minimum or maximum balance are left out.

Our Expert Opinion on Close Brothers Savings 1 Year Fixed Rate Bond

Close Brothers Savings pays 5.01% fixed for one year, which sits near the market average for fixed-rate bonds and 0.24% behind the category leader at 5.25%. The rate does beat August 2026 CPI of 3.1% by 1.91%, so your money grows in real terms. The main catch is the usual one for fixed bonds: no access until maturity, and you need at least £10,000 to open. If you want a close comparison, GB Bank's 1 Year Fixed Rate Bond pays 5.05%.

Compare Fixed Rate Bonds

3 alternatives to Close Brothers Savings's 1 Year Fixed Rate Bond

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