Our best one-year Fixed Rate savings accounts
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We update this table daily, so rates and banks may change. We’ve already deducted our share of the interest from these rates.
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Paying your interest
For Fixed Rate, (also called ‘Fixed Term’), Instant Access, and Notice accounts, interest is calculated daily. But the frequency of when interest is paid will vary by savings account.
You’ll find more information in the terms and conditions of each savings account when you log in to the platform.
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How Rachel balanced growth and access with cash
After selling her business, Rachel maximised the interest on her lump sum with multiple account types. All through Flagstone.
Since publishing this video, the FSCS protection limit has increased to £120,000 per client, per banking group.
Discover the convenient Cash ISA
Spread savings across multiple banks in one ISA.
Free transfers, flexible withdrawals, and swift sign-up.
Why open one-year Fixed Rate savings accounts with Flagstone?
Fixed
Secure your return for 12 months or less.
Secure
Get FSCS protection on eligible deposits, up to £120,000 per banking group.
Convenient
One sign-up, one platform, one password.
Rewarding
We're committed to offering interest rates that beat the high street.
Fix with Flagstone for peace of mind
Predictable returns. All in one platform.
Flagstone
Open as many accounts as you like
Track your accounts in one place
Hundreds of rates exclusive to Flagstone
Traditional savings
Lengthy applications for every account
Money held on different apps and websites
Manually compare rates
How Flagstone
makes money
For each account you open with our bank partners through Flagstone, we receive a small share of the interest. We deduct that share before we feature any account on our platform – so the rate you see will always be the rate you receive.
We don’t charge admin, management, or platform fees.
Build a savings portfolio with Flagstone
Fixing your rate is the start of your savings journey. Enrich your saving style.
ONE-YEAR FIXED RATE SAVINGS ACCOUNTS FAQS
What are one-year Fixed Rate savings accounts?
Fixed Rate accounts (also known as ‘Fixed Term’) offer predictable interest rates in exchange for locking your money away for a set period. One-year Fixed Rate savings accounts secure your deposit for 12 months.
A one-year fix can give you a higher interest rate than you may get with Instant Access accounts.
How do one-year Fixed Rate savings accounts work?
Once you deposit money into one-year Fixed Rate savings account, you won’t be able to access those funds for 12 months. Interest is paid monthly, quarterly, or annually, depending on terms that govern your account.
The AER (Annual Equivalent Rate) you see on each account is the one you get. So, you know exactly what you’ll earn, with no fees or surprises.
How many Fixed Rate savings accounts can I have?
There’s no limit on the number of one-year Fixed Rate savings accounts you can hold at one time. But it helps to track the maturity dates of each account, especially if you’ve got an earnings goal in mind.
Opening multiple accounts with Flagstone lets you vary your maturity dates, so you unlock more regular access to portions of your money.
If the account provider is approved by the Prudential Regulation Authority (PRA), then your deposits are protected up to £120,000 through the Financial Services Compensation Scheme (FSCS).
The limit applies per person, per banking group. This means multiple accounts can increase your protection.
How long should I fix my savings for?
One-year Fixed Rate savings accounts balance access with high interest. But building a portfolio of multiple account types can maximise your flexibility without overly restricting your access to cash.
For example, you could also open an account with a three-month term, locking away some of your cash for a shorter amount of time.
You can also fix some of your savings for two-year or even five-year terms. This can maximise your interest rates.
Learn how to make the most of your one-year Fixed Rate savings accounts
We’re at your service
Still need answers? Whether you’ve opened your Flagstone account or you’re just getting started, we’re here to help.
Call us on +44 (0)203 745 8130, Monday-Friday 9am-5.30pm.