The best fixed bond rate continued to be offered by Gatehouse Bank this week, with its Fixed Term Green Saver paying an expected profit rate of 1.50% gross on anniversary. This account requires a £1,000 minimum deposit to open and comes with the incentive that Gatehouse Bank will plant a tree in a UK woodland when an account is opened and funded. The trees are planted in UK woodland projects certified by the UK Government’s Woodland Carbon Code. It can only be opened and managed online.
Al Rayan Bank had the best paying three, two, and one year fixed bond rates this week. The 36 month version of its Fixed Term Deposit pays an expected profit rate of 1.30% gross quarterly, the 24 month version pays an expected profit rate of 1.15% gross quarterly, and the 12 month version pays an expected profit rate of 0.85% gross quarterly. All versions of this account require a £5,000 minimum deposit to open. They can be opened and managed online, in branch, by phone and via mobile app.