Fixed RateCompare 1 Year Fixed Rate Bonds

Tandem Bank 1 Year Fixed Saver Review

A competitive one-year fixed rate bond from Tandem Bank. It ranks 18th of 77 one-year fixed rate bonds we track.

Fixed rate · 1 year

4.85%AER

Rate checked Oct 2026Got this account? Leave a review

Protection

FSCS£120,000

Min balance

£1

Max balance

£2,500,000

Access

At maturity only

Interest paid

Annually

How It Stacks Up

Ranks 18th of 77

1-year fixed bonds we track

Above average
This account 4.85%
UK CPI (Aug 2026)
3.10%
Pays 1.75% more
Average 1-year fixed
4.56%
Pays 0.29% more
Best 1-year fixed
5.15%
Pays 0.30% less

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

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Pros and cons

  • Pro: New and existing savers
  • Con: Your money is locked in for 1 year

Good to Know

You will have 14 days to fund your account, during which time you can add funds as many times as you like.

Please verify all details with the provider – see our Disclaimer

See all Tandem Bank accounts

Estimated returns with Tandem Bank's Fixed Rate

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

Estimated interest

£1,000 saved

£48.50

At 4.85% AER

£5,000 saved

£242

At 4.85% AER

£10,000 saved

£485

At 4.85% AER

£2,500,000 saved

£121,250

At 4.85% 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 Tandem Bank 1 Year Fixed Saver

Jonny PeaseCo-Founder, DepositScout

Tandem Bank's 1 Year Fixed Saver pays 4.85%, which sits near the market average for fixed-rate savings and 0.52% behind the best fixed rate available at 5.37%. That said, 4.85% does beat August 2026 CPI inflation of 3.1% by 1.75 percentage points, so your money grows in real terms. The account accepts deposits from as little as £1 up to £2,500,000, which makes it unusually accessible, but the firm catch is that you cannot touch the money until maturity. If you want a slightly better one-year rate, Atom Bank's 1 Year Fixed Saver is currently at 4.90%.

Compare Fixed Rate Bonds

2 alternatives to Tandem Bank's 1 Year Fixed Saver

Same type of account, closest on rate.

Common questions about the 1 Year Fixed Saver

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