What interest rate does the Hodge Bank 1 Year Fixed Rate Bond pay?

The Hodge Bank 1 Year Fixed Rate Bond pays 5.01% AER, fixed for one year.

How much interest could I earn?

Saving £10,000 for 1 year would earn about £501 at 5.01% AER. This assumes the rate stays the same and interest stays in the account.

How much can I pay in?

You can deposit at least £1,000 and up to £1,000,000.

Can I withdraw my money?

No. Your money is locked in until the fixed term ends, so only put in what you won't need before then.

When is interest paid?

Interest is paid annually or monthly.

Who can open this account?

New and existing Hodge Bank customers can open it. You can open it online.

Is my money protected?

Yes. Eligible deposits are protected by the Financial Services Compensation Scheme (FSCS) up to £120,000 per person, per banking licence.

How does it compare with other one-year fixed rate bonds?

At 5.01% AER it ranks 10th of 77 one-year fixed rate bonds we track. The best pays 5.15% and the average is 4.56%.

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Fixed Rate Compare 1 Year Fixed Rate Bonds

Hodge Bank 1 Year Fixed Rate Bond Review

One of the best-paying one-year fixed rate bonds, from Hodge Bank, with a £1,000 minimum deposit. It ranks 10th of 77 one-year fixed rate bonds we track.

Rate checked Oct 2026Got this account? Leave a review

Fixed rate · 1 year

5.01%AER

Rate checked Oct 2026Got this account? Leave a review

Protection

FSCS£120,000

Min balance

£1,000

Max balance

£1,000,000

Access

At maturity only

Interest paid

Annually or Monthly

How It Stacks Up

Ranks 10th of 77

1-year fixed bonds we track

Among the best

This account 5.01%

UK CPI (Aug 2026): 3.10%; Pays 1.91% more
Average 1-year fixed: 4.56%; Pays 0.45% more
Best 1-year fixed: 5.15%; Pays 0.14% less

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

Compare fixed bonds

A Good Fit For

Pro: New and existing savers
Pro: Savers who want a monthly income

Worth Weighing Up

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

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Estimated returns with Hodge Bank's Fixed Rate

What you could earn with Hodge Bank's 1 Year Fixed Rate Bond.

Estimated interest

£1,000 saved

£50.10

At 5.01% AER

£5,000 saved

£251

At 5.01% AER

£10,000 saved

£501

At 5.01% AER

£1,000,000 saved

£50,100

At 5.01% 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 Hodge Bank 1 Year Fixed Rate Bond

Jan WatermannCo-Founder, DepositScout

Hodge Bank's 1 Year Fixed Rate Bond pays 5.01%, which sits near the market average for fixed-rate savings but is 0.36% behind the current leader at 5.37% across all terms. That said, 5.01% does beat August 2026 CPI of 3.1% by 1.91%, so your money is at least growing in real terms. The main catch is the usual one for fixed bonds: no access until maturity, so only commit funds you genuinely will not need for a year. If you want alternatives at a similar rate, MBNA Fixed Saver also offers 5.01% and Investec's 1-Year Fixed Rate Saver pays 5.00%.

Compare Fixed Rate Bonds