What interest rate does the MBNA Fixed Saver pay?

The MBNA Fixed Saver 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 £750,000.

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 at the end of the term.

Who can open this account?

New and existing MBNA customers can open it. You can open it online or by phone.

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 6th of 70 one-year fixed rate bonds we track. The best pays 5.12% and the average is 4.47%.

Dashboard

Fixed Rate

MBNA Fixed Saver Review

One of the best-paying one-year fixed rate bonds, from MBNA, with a £1,000 minimum deposit. It ranks 6th of 70 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

£750,000

Access

At maturity only

Interest paid

On maturity

How It Stacks Up

Ranks 6th of 70

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: 4.47%; Pays 0.54% more
Best 1-year fixed: 5.12%; Pays 0.11% 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

This account is managed by phone. You can’t withdraw money during the 12 months the account is open, and there is no right to cancel.

Please verify all details with the provider – see our Disclaimer

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Estimated returns with MBNA's Fixed Rate

What you could earn with MBNA's Fixed Saver.

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

£750,000 saved

£37,575

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 MBNA Fixed Saver

Jan WatermannCo-Founder, DepositScout

MBNA's Fixed Saver pays 5.01% for one year on balances from £1,000 up to £750,000, which puts it near the market average for fixed-rate accounts and 0.34% behind the category leader at 5.35%. That said, 5.01% still beats August 2026 CPI by 1.91 percentage points, so you are at least preserving real value. The main catch is that your money is completely locked until maturity, with no access at all. If you want a close alternative, GB Bank's one-year bond currently edges it at 5.05%.

Compare Fixed Rate Bonds