The rating of the best interest rates under the term deposits for 1 year30.10.2020

Bankchart.co.uk has surveyed the terms of obtaining term deposits for 1 year in the national currency. The survey covered all the deposits with any form of interests repayment, regardless of the replenishment option or the deposit partial withdrawal option. Our website's analysts have studied the deposit offers from 20 most popular UK banks, which place rates on their websites. Review date - 30.10.2020

As of 21 October 2020 the deposits under review have been offered by 5 banks.  The average interest rate under such deposits equals 0,42 % p.a. The total number of the deposits programs available for the specified terms is 11.

The maximal return among the deposits under review is offered by Metro Bank. The interest rate under "COMMUNITY FIXED TERM DEPOSIT ACCOUNT" deposit program constitutes 0,90 % p.a. The table below shows the best offers by each bank selected by Bankchart.co.uk (in terms of profitability) for the aforementioned terms.

The TOP-5 term deposits for 1 year, as of 21 October 2020

#

Name

Interest Rate

1

0,90

interest rate, %

rate type

fixed

interest periodicity

monthly, annually

minimum sum

£ 5 000,00

2

0,70

interest rate, %

rate type

fixed

interest periodicity

at maturity

minimum sum

£ 5 000,00

3

0,30

interest rate, %

rate type

fixed

minimum sum

£ 10 000,00

4

0,20

interest rate, %

rate type

fixed

minimum sum

£ 10 000,00

5

0,04

interest rate, %

rate type

fixed

minimum sum

£ 5 000,00

To view the up-to-date rating of the deposits at our website here.

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