Moneyfacts.co.uk Best Buys show the best products chosen by our independent experts. Where we have been able to we have also provided a link for you to open an account today. Products shown with a yellow background are sponsored products.
The UK Government has proposed to increase the deposit protection level from £75,000 to £85,000 of eligible deposits from 30 January 2017.
If you can afford to not have access to your savings for 12 months or longer, a fixed rate bond can earn you more interest than a notice or easy access savings account.
When taking out a fixed rate bond, you are making an agreement with the bank or building society that you won't withdraw your cash for a specified period of time. Most 1 year fixed rate bonds will not let you have access to your money once it’s been deposited, until the bond matures.
The recent trend in the 1 year fixed rate bond market is for the best rates to be offered by smaller, relatively unknown banks.
All banks and building societies listed by moneyfacts.co.uk have to be UK-licensed and part of the Financial Services Compensation Scheme (or an equivalent). This means that you can be safe in the knowledge that the first £85,000 you have saved is protected, if you are worried about what would happen if a bank or building society went bust.
Best buys are a great guide to the top rates in a given market, but we’d always urge you to do you own research too before making a decision. You might feel that you’re more comfortable putting your money with a brand you are a little more familiar with – you can compare all 1 year fixed rate bonds currently available by using our savings search tool.
Savings home Search all savings accounts
Please send me emails with the latest Moneyfacts news, best buy products and specially selected third party offers
Monthly Savings PlanFind out what your regular savings plan could be worth.
Lump Sum InvestmentsUse our interest calculator to work out what interest you could earn on your lump sum. Find out what your lump sum investment plan could be worth.
Monthly interest savings accounts pay interest on your savings each month – as opposed to yearly – a... More
Good news from RCI Bank UK – its latest research shows that many of us are saving more than we were ... More
Easy-access savings accounts are as simple as they sound – they allow you to access your money whene... More
Christmas is just around the corner and our annual festive splurging is starting to step up, but are... More
As savers are no doubt aware, it’s a struggle to earn decent returns in the current market. This is ... More
Islamic savings accounts offer a Sharia’a-compliant way of saving for Muslims living in the UK, as w... More
Find out where your bank or building society is licenced, and what deposit protection guarantees you... More
With some forecasters predicting interest rate cuts by November 2012, we look at the pros and cons o... More
Hanley Economic BS has launched a new three-year fixed savings bond, which is a very welcome additio... More
Paragon Bank has launched a new three-year fixed rate bond and a new five-year fixed ISA to compleme... More
Hampshire Trust Bank has bucked the unwelcome rate-cutting trend by increasing the rate on its fixed... More
Masthaven Bank has launched into the savings market with a selection of fixed term bonds, all of who... More
ICICI Bank UK has reduced the rate on its popular easy access account. Despite this, it remains comp... More
Moneyfacts.co.uk will, like most other websites, place cookies onto your computer’s
hard drive. This includes tracking cookies.