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Best savings rates

Best savings rates

Category: Savings

Updated: 12/05/2017
First Published: 12/05/2017

Savings rates have been lacklustre for some time, but there are still some good deals out there. We're here to help you find them, so read on for a roundup of the top savings accounts for all needs - easy access, fixed bonds or cash ISAs, they're all here for the taking! We've gathered the cream of the savings crop with the best savings rates available, so let's get started...


Fixed rate bonds
- all terms

Fixed bond rates have shown some signs of life recently, which means you've got plenty to choose from if you want to generate decent returns. The top picks can be seen below: all the accounts covered are the market-leading rates for their respective terms, so whether you want to tie up your money for five years or one, you can be sure you're getting the best deal possible.


AER
Details

Milestone Savings
Milestone Savings

Fixed Term Deposit

2.30% AER
  • Five-year bond
  • Minimum investment of £10,000
  • No further additions or withdrawals
  • Account must be opened online, and can be managed by post and phone as well
  • Interest paid on anniversary
  • Sharia'a compliant account (rate displayed is the expected profit rate)



AER
Details

NS&I
NS&I

Investment Guaranteed
Growth Bond (1)

2.20% AER
  • Three-year bond
  • Minimum investment of £100 up to a maximum of £3,000
  • No further additions
  • Early access allowed subject to 90 days' loss of interest
  • Internet-operated
  • Interest paid on anniversary and must be compounded



AER
Details

BLME
BLME

Premier Deposit Account

1.75% AER
  • Two-year bond
  • Minimum investment of £25,000
  • No further additions or withdrawals
  • Postal-operated
  • Interest paid on anniversary and must be paid away
  • Linked product - savers must have or open a BLME current account to hold funds pending investment
  • Sharia'a compliant account (rate displayed is the expected profit rate)



AER
Details

Charter Savings Bank
Charter Savings Bank

Fixed Rate Bond

1.58% AER
  • 18-month bond
  • Minimum investment of £1,000
  • Further additions permitted within 14 days of account opening
  • No withdrawals
  • Account must be opened and operated online
  • Interest paid on anniversary



AER
Details

Charter Savings Bank
Charter Savings Bank

Fixed Rate Bond

1.55% AER
  • One-year bond
  • Minimum investment of £1,000
  • Further additions permitted within 14 days of account opening
  • No withdrawals
  • Account must be opened and operated online
  • Interest paid on maturity

Fixed rate cash ISAs

Cash ISAs are still holding their own in the savings market, and although their rates may look lacklustre, having this kind of account is still highly recommended as it allows you to keep your funds away from the tax man for life. You can find the below in our ISA Best Buys or, in the case of the three and four-year deals, by using our savings search tool.


AER
Details

Virgin Money
Virgin Money

Fixed Rate Cash E-ISA
Issue 241

1.75% AER
  • Rate fixed to 24.05.22
  • Minimum investment of £1
  • Transfers in of previous years' ISA savings permitted
  • Further additions allowed within 30 days of account opening
  • Earlier access and transfers out on 180 days' loss of interest
  • Internet-operated
  • Interest paid yearly



AER
Details

Leeds BS
Leeds BS

4 Year Fixed ISA
Issue 6

1.45% AER
  • Rate fixed to 30.06.21
  • Minimum investment of £100
  • Transfers in permitted
  • Further additions allowed until 30.06.17
  • Earlier access and transfers out on 300 days' loss of interest
  • Account can be opened in branch, by post or online, before becoming branch and post-operated
  • Interest paid yearly
  • First interest payment made on 30.06.18



AER
Details

United Bank UK
United Bank UK

3 Year Fixed Rate Cash ISA

1.30% AER
  • Rate fixed for three years
  • Minimum investment of £2,000
  • No further additions
  • Transfers in allowed (cash ISAs only)
  • Earlier access on closure and 270 days' loss of interest
  • Transfers out on 270 days' loss
  • Account can be managed in branch and by post
  • Interest paid on maturity and must be paid away



AER
Details

Britannia
Britannia

Fixed Rate Cash ISA - 28/06/2019

1.25% AER
  • Rate fixed to 28.06.19
  • Minimum investment of £5,000
  • Transfers in permitted (cash ISAs only)
  • Further additions allowed while issue remains open
  • Earlier access and transfers out on 180 days' loss of interest
  • Account can be opened online, in branch or by phone, then becomes post and branch-operated
  • Interest paid yearly and must be compounded



AER
Details

Bank of Cyprus UK
Bank of Cyprus UK

Fixed Rate Cash ISA

1.13% AER
  • Rate fixed for one year
  • Minimum investment of £500
  • Transfers in permitted
  • Further additions (min £100) allowed, but these will be paid a variable rate
  • Earlier access on closure and 180-day's loss of interest
  • Transfers out on 180-day loss
  • Account must be opened online but can then be managed via all channels
  • Interest paid on maturity

Easy access account

Want a great rate without locking away your cash? This is the market-leader in the easy access sector, sitting proudly at the top of the charts.


AER
Details

RCI Bank
RCI Bank

Freedom Savings Account

1.10% AER
  • Minimum investment of £100
  • No notice account
  • Variable rate
  • Further additions and withdrawals allowed at any time via nominated account
  • Account must be opened online before becoming phone, post and internet operated
  • Interest paid on anniversary and must be compounded
  • Deposits are protected under the French compensation scheme

Notice account

If you're willing to give a bit of notice to access your cash you could secure an even better rate, and this is the best one available!


AER
Details

Paragon Bank
Paragon Bank

120 Day Notice Account
(Issue 6)

1.30% AER
  • Minimum investment of £500
  • Further additions allowed at any time
  • Withdrawals permitted subject to 120 days' notice being given
  • No earlier access
  • Internet-operated
  • Interest paid on anniversary
  • Access via nominated account

Variable rate ISAs

The following two accounts sit firmly at the top of the variable rate ISA chart, being true market-leaders in their respective sectors. The first asks you to give a bit of notice to access your funds, but the second boasts instant access, no notice required!


AER
Details

Hinckley & Rugby BS
Hinckley & Rugby BS

120 Day Notice Cash ISA

1.20% AER
  • 120-day notice account
  • Minimum investment of £500
  • No transfers in
  • Further additions allowed
  • Withdrawals permitted subject to 120 days' notice
  • Earlier access on 120 days' loss of interest
  • Transfers out subject to a £25 penalty
  • Account can be managed in branch and by post
  • Interest paid yearly



AER
Details

Post Office Money
Post Office Money

Online ISA Easy Access
Issue 10

1.01% AER
  • Rate includes a 0.76% bonus for 12 months
  • No notice account
  • £100 minimum deposit
  • Further additions and transfers in permitted
  • Unlimited withdrawals and no penalty for transfers out
  • Withdrawals must be made via a holding account or nominated account; £10 minimum withdrawal
  • Internet-operated
  • Interest paid yearly and must be compounded
  • Access via nominated current account

Information & rates correct as at: 11.05.2017


What next?


Search for the
top savings accounts
and cash ISAs

Check out the best fixed rate bonds


Disclaimer: Information is correct as of the date of publication (shown at the top of this article). Any products featured may be withdrawn by their provider or changed at any time.

 
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