Fixed Rate

Recognise Bank 1 Year Fixed Review

A competitive one-year fixed rate bond from Recognise Bank, with a £1,000 minimum deposit. It ranks 17th of 69 one-year fixed rate bonds we track.

Fixed rate · 1 year

4.76%AER

Rate checked Oct 2026Got this account? Leave a review

Protection

FSCS£120,000

Min balance

£1,000

Max balance

£250,000

Access

At maturity only

Interest paid

Monthly/Annually

How It Stacks Up

Ranks 17th of 69

1-year fixed bonds we track

Above average
This account 4.76%
UK CPI (Aug 2026)
3.10%
Pays 1.66% more
Average 1-year fixed
4.47%
Pays 0.29% more
Best 1-year fixed
5.12%
Pays 0.36% less

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

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A Good Fit For

  • 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 Recognise Bank's Fixed Rate

What you could earn with Recognise Bank's 1 Year Fixed.

Estimated interest

£1,000 saved

£47.60

At 4.76% AER

£5,000 saved

£238

At 4.76% AER

£10,000 saved

£476

At 4.76% AER

£250,000 saved

£11,900

At 4.76% 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 Recognise Bank 1 Year Fixed

Jan WatermannCo-Founder, DepositScout

Recognise Bank's 1 Year Fixed pays 4.76%, which beats August 2026 CPI of 3.1% by 1.66%, but it sits below the market average for fixed-rate accounts and is 0.59% behind the category leader at 5.35%. For savers who want a straightforward one-year lock-up with between £1,000 and £250,000, it does the job, but I would check Investec's 1 Year Fixed Rate Saver at 5.00% or OakNorth's Fixed Term 12 Months at 4.96% first. The firm catch is no access until maturity.

Compare Fixed Rate Bonds

2 alternatives to Recognise Bank's 1 Year Fixed

Same type of account, closest on rate.

Common questions about the 1 Year Fixed

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