The best fixed-term savings accounts which can earn you up to 4.85% (opens original article in a new tab)

Fixed-term savings accounts offer inflation-beating returns up to 4.85% as interest rates remain stable, though they restrict early access to funds.

• The Bank of England kept interest rates at 3.75% but fixed-term savings accounts offer rates above inflation.
• Top fixed-term deals include 4.85% from MBNA and 4.8% from Afin Bank for one-year terms.
• Fixed-rate accounts typically restrict early withdrawals with penalties or no access.