What interest rate does the NS&I Guaranteed Income Bonds - 1 Year pay?

The NS&I Guaranteed Income Bonds - 1 Year pays 4.82% AER, fixed for one year.

How much interest could I earn?

Saving £10,000 for 1 year would earn about £482 at 4.82% 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 £500 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?

You can choose to have interest paid monthly or annually.

Who can open this account?

New and existing NS&I 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 4.82% AER it ranks 14th of 69 one-year fixed rate bonds we track. The best pays 5.12% and the average is 4.47%.

Dashboard

Fixed Rate

NS&I Guaranteed Income Bonds - 1 Year Review

One of the best-paying one-year fixed rate bonds, from NS&I. It ranks 14th of 69 one-year fixed rate bonds we track.

Rate checked Oct 2026Got this account? Leave a review

Fixed rate · 1 year

4.82%AER

Rate checked Oct 2026Got this account? Leave a review

Protection

FSCS£120,000

Min balance

£500

Max balance

£1,000,000

Access

At maturity only

Interest paid

Monthly/Annually

How It Stacks Up

Ranks 14th of 69

1-year fixed bonds we track

Among the best

This account 4.82%

UK CPI (Aug 2026): 3.10%; Pays 1.72% more
Average 1-year fixed: 4.47%; Pays 0.35% more
Best 1-year fixed: 5.12%; Pays 0.30% 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

Good to Know

Interest paid annually into the account, or monthly (at a slightly lower gross rate) to a separate account.

Please verify all details with the provider – see our Disclaimer

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Estimated returns with NS&I's Fixed Rate

What you could earn with NS&I's Guaranteed Income Bonds - 1 Year.

Estimated interest

£1,000 saved

£48.20

At 4.82% AER

£5,000 saved

£241

At 4.82% AER

£10,000 saved

£482

At 4.82% AER

£1,000,000 saved

£48,200

At 4.82% 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 NS&I Guaranteed Income Bonds - 1 Year

Jonny PeaseCo-Founder, DepositScout

NS&I's Guaranteed Income Bonds pay 4.82% fixed for one year, which sits below the market average and 0.53% behind the best fixed rate available at 5.35%. The monthly income option makes it useful for people who want a regular payout from savings, and the £1,000,000 maximum deposit is unusually high. That said, the money is locked until maturity with no access, and alternatives like Investec's 1-Year Fixed Rate Saver at 5.00% or OakNorth at 4.96% offer better returns for the same commitment.

Compare Fixed Rate Bonds