thisbank 1-Year Fixed Term Deposit Review4.93% AER (Sep 2026)

Fixed Rate from thisbank

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Protection

FSCS

Up to £120,000

Min balance

£100

Max balance

£500,000

Access

No access until maturity

Interest paid

Anniversary

Who Is This For

Learn more about thisbank

New and existing savers
Savers happy with a £500,000 cap
Savers who can lock money away for 1 Year

Additional Info

To open this account you must provide a UK bank account in your name and registered at your address – this will be your Nominated Account. Thisbank will use Open Banking to verify your Nominated Account details and your Nominated Account will be the only bank account that you can use to send money in and out of. You can only make a maximum of 11 deposits of up to £500,000 from your Nominated Account within 14 days of submitting your application.

Please verify all details with the provider – for more info read our Disclaimer

Calculate your tax liability for this accountSee what you might pay on the interest from thisbank's 1-Year Fixed Term Deposit.

Estimated returns with thisbank's Fixed Rate

Want to know how much interest you will receive with thisbank's 1-Year Fixed Term Deposit?

Estimated interest

£1,000 saved

£49.30

At 4.93% AER

£5,000 saved

£246

At 4.93% AER

£10,000 saved

£493

At 4.93% AER

£500,000 saved

£24,650

At 4.93% AER

Estimated over one year, assuming the rate stays the same and interest stays in the account. Amounts outside this account's minimum or maximum balance are left out.

Our Expert Opinion on thisbank 1-Year Fixed Term Deposit

Thisbank's 1-Year Fixed Term Deposit pays 4.93% and is a solid pick for anyone who has a lump sum between £100 and £500,000 sitting idle and knows they won't need it for a year. The rate is competitive at the top of the one-year fixed market right now, edging out close alternatives like Atom Bank's 1 Year Fixed Saver at 4.90%. The main catch is that there is no access whatsoever until maturity, and interest can only be withdrawn at that point too, so this only works if you are genuinely comfortable locking the money away for the full term.
Jonny Pease (Co-Founder)DepositScout