Fixed Rate

TSB 1 Year Fixed Bond Review

A competitive one-year fixed rate bond from TSB. It ranks 22nd of 69 one-year fixed rate bonds we track.

Fixed rate · 1 year

4.65%AER

Rate checked Oct 2026Got this account? Leave a review

Protection

FSCS£120,000

Min balance

£1

Max balance

No limit

Access

At maturity only

Interest paid

Monthly/Annually

How It Stacks Up

Ranks 22nd of 69

1-year fixed bonds we track

Above average
This account 4.65%
UK CPI (Aug 2026)
3.10%
Pays 1.55% more
Average 1-year fixed
4.47%
Pays 0.18% more
Best 1-year fixed
5.12%
Pays 0.47% 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

Open to UK residents aged 16 or over; minimum £1 deposit required within 10 working days of opening; maximum £1,000,000 balance. Can be held in sole or joint names; apply online, in-app (existing customers), or in branch.

Please verify all details with the provider – see our Disclaimer

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Estimated returns with TSB's Fixed Rate

What you could earn with TSB's 1 Year Fixed Bond.

Estimated interest

£1,000 saved

£46.50

At 4.65% AER

£5,000 saved

£232

At 4.65% AER

£10,000 saved

£465

At 4.65% AER

£50,000 saved

£2,325

At 4.65% 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 TSB 1 Year Fixed Bond

Jan WatermannCo-Founder, DepositScout

TSB's 1 Year Fixed Bond pays 4.65%, which does beat August 2026 CPI of 3.1% by 1.55%, so your money grows in real terms, but the rate sits below the market average for fixed-rate accounts and is 0.70% behind the category leader at 5.35%. The minimum deposit of just £1 makes it accessible, though the hard catch is that no withdrawals or early closure are permitted during the one-year term except on death. If you want a one-year fix, OakNorth Bank's Fixed Term 12 Months at 4.96% or Atom Bank's 1 Year Fixed Saver at 4.90% are worth a look first.

2 alternatives to TSB's 1 Year Fixed Bond

Same type of account, closest on rate.

Common questions about the 1 Year Fixed Bond

D

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