Close Brothers’ Close Treasury Premium Gold Account

Sean Gardner, MoneyExpert.com, said: "This account looks good on paper. If you've got £10,000 or more then seven per cent is an attractive rate and difficult to beat at the moment. The average rate on fixed term accounts is 5.25 per cent so it's a competitive option.

"With predictions of a plummeting base rate, and with such a capricious banking sector at the moment, if you're happy to wave goodbye to your cash for a year then you will at least be guaranteed a decent return with a trusted institution."