Best Savings Rates - Best Interest Rates | moneyfacts.co.uk

Best Savings Rates

  - Find the best savings rates with our best buys or savings search and open an account today.
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AER Notice / Term Minimum Investment Account Opening Search all 1541 accounts
     
  Easy Access - no bonus  

1.10%
None £100
  1. Yes
  2. No
  3. No
  4. No
Details...
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0.90%
None £500
  1. No
  2. Yes
  3. Yes
  4. No
Details...
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  Easy Access with bonus  

1.01%
Inc 0.76% bonus for 12 months
None £1
  1. Yes
  2. No
  3. No
  4. No
Details...
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  Fixed Rate Bonds  

2.30%
expected rate
5 Year Bond £10000
  1. Yes
  2. No
  3. No
  4. No
Details...
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2.06%
5 Year Bond £500
  1. Yes
  2. No
  3. No
  4. No
Details...
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2.05%
5 Year Bond £1000
  1. Yes
  2. No
  3. No
  4. No
Details...
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1.80%
expected rate
3 Year Bond £10000
  1. Yes
  2. No
  3. No
  4. No
Details...
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1.76%
3 Year Bond £500
  1. Yes
  2. No
  3. No
  4. No
Details...
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1.70%
3 Year Bond £1000
  1. Yes
  2. No
  3. No
  4. No
Details...
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1.68%
3 Year Bond £1000
  1. Yes
  2. No
  3. No
  4. No
Details...
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1.67%
30 Month Bond £500
  1. Yes
  2. No
  3. No
  4. No
Details...
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1.58%
2 Year Bond £500
  1. Yes
  2. No
  3. No
  4. No
Details...
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1.42%
18 Month Bond £500
  1. Yes
  2. No
  3. No
  4. No
Details...
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  Monthly Income Accounts  

1.10%
None £100
  1. Yes
  2. No
  3. No
  4. No
Details...
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  Sponsored Products  

0.75%
None £1000
  1. Yes
  2. No
  3. No
  4. No
Details...
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2.05%
5 Year Bond £10000
  1. Yes
  2. No
  3. Yes
  4. No
Details...
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2.00%
5 Year Bond £1000
  1. Yes
  2. No
  3. No
  4. No
Details...
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1.96%
4 Year Bond £1000
  1. Yes
  2. No
  3. No
  4. No
Details...
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1.90%
5 Year Bond £2000
  1. Yes
  2. Yes
  3. Yes
  4. No
Details...
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1.85%
4 Year Bond £1000
  1. Yes
  2. No
  3. No
  4. No
Details...
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1.75%
5 Year Bond £1000
  1. Yes
  2. Yes
  3. No
  4. No
Details...
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1.55%
3 Year Bond £2000
  1. Yes
  2. Yes
  3. Yes
  4. No
Details...
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1.55%
3 Year Bond £1000
  1. Yes
  2. Yes
  3. No
  4. No
Details...
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1.55%
2 Year Bond £1000
  1. Yes
  2. No
  3. No
  4. No
Details...
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1.55%
2 Year Bond £1000
  1. Yes
  2. No
  3. No
  4. No
Details...
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1.54%
2 Year Bond £1000
  1. Yes
  2. Yes
  3. No
  4. No
Details...
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1.52%
2 Year Bond £1000
  1. Yes
  2. No
  3. No
  4. No
Details...
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1.50%
3 Year Bond £500
  1. Yes
  2. No
  3. No
  4. No
Details...
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1.45%
2 Year Bond £2000
  1. Yes
  2. Yes
  3. Yes
  4. No
Details...
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1.40%
3 Year Bond £1000
  1. Yes
  2. No
  3. No
  4. No
Details...
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1.35%
2 Year Bond £1000
  1. Yes
  2. No
  3. No
  4. No
Details...
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1.31%
1 Year Bond £1000
  1. Yes
  2. No
  3. No
  4. No
Details...
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1.30%
1 Year Bond £1000
  1. Yes
  2. No
  3. No
  4. No
Details...
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1.25%
1 Year Bond £1000
  1. Yes
  2. Yes
  3. No
  4. No
Details...
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1.25%
1 Year Bond £500
  1. Yes
  2. No
  3. No
  4. No
Details...
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1.20%
2 Year Bond £10000
  1. Yes
  2. No
  3. No
  4. Yes
Details...
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1.20%
1 Year Bond £1000
  1. Yes
  2. No
  3. No
  4. No
Details...
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1.15%
3 Year Bond £500
  1. Yes
  2. No
  3. No
  4. No
Details...
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1.10%
12 Month Bond £1000
  1. Yes
  2. No
  3. No
  4. No
Details...
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1.10%
1 Year Bond £10000
  1. Yes
  2. No
  3. No
  4. Yes
Details...
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1.10%
2 Year Bond £5000
  1. No
  2. Yes
  3. Yes
  4. Yes
Details...
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1.00%
2 Year Bond £500
  1. Yes
  2. No
  3. No
  4. No
Details...
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0.85%
1 Year Bond £5000
  1. Yes
  2. No
  3. No
  4. No
Details...
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0.80%
6 Month Bond £1000
  1. Yes
  2. No
  3. No
  4. No
Details...
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0.80%
1 Year Bond £500
  1. Yes
  2. No
  3. No
  4. No
Details...
Go to Site View Fixed Rate Bonds Best Buys
 
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Last Updated: Thursday 23 February 2017 00:07

Our team of experts have chosen those savings accounts they believe to be Best Buys. A selection of those, for which we have arranged links are shown above, whilst products shown with a yellow background are sponsored products.

Eligible deposits with UK institutions are protected by the Financial Services Compensation Scheme up to a maximum level of protection of £85,000 per person per institution.

Disclaimer:
All rates subject to change without notice. Please check all rates and terms before investing or borrowing.
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Savings accounts: things to bear in mind…

Before immersing yourself in our lovely selection of the best savings accounts & best savings rates, take a step back. Do you know what you need from a savings account?

Savings accounts can get pretty complicated, and are designed to meet different needs. There are many considerations to make when deciding which account to choose - it's far more than simply finding the best savings rate. So it’s good to get a handle on what it is you want, before jumping in…

How much have you got to save?

Some accounts are only available to you if you can commit at least a certain minimum level. Be sure to check this before you get too excited about a rate you may not be able to have!

Inflation

Just the word inflation can induce sleep in most people, but when it comes to your savings, inflation is very important. Inflation, simply put, is the rate at which the value of things goes up; a good way to think of it is to think of how much £100 would have bought you 10 years ago, and then to think of how much it would buy you now. The difference between the two is the result of inflation.

Now, if the rate of inflation is higher than the rate of interest you receive on your savings, that means the actual value of your savings is going down. So you want to make sure that your rate of interest is greater than the latest rate of inflation to make sure you actually make money on your savings!

Tax

The taxation of savings interest changed in April 2016. Basic rate taxpayers can now earn up to £1,000 in savings interest tax-free, while 40% taxpayers can only get £500 in tax-free interest and anyone paying 45% tax will have no tax-free allowance. Any amounts of interest above these tax-free amounts are taxed at the marginal rate applying to that person (20% or 40%).

From April 2016, interest will be paid to you without any tax being deducted by your bank or building society, so if you will owe tax you will need to declare it to HM Revenue & Customs.

Cash ISAs will continue to be paid with interest tax-free, regardless of your tax status, so this is always a good first port of call for savings.

How quickly do you need to be able to get at your money?

If you need to access your money instantly, then tying your savings up in a fixed rate bond may not be the best idea! On the flipside, if you don’t need access to your money for a while (you’re saving for your retirement for instance), having your money in an instant access (or no notice) savings account isn’t particularly good either.

If you use your savings as part of managing your cash flow (you dip into your savings, but then pay back into them regularly), an ISA isn’t best as you can only pay in up to your ISA limit once each tax year.

How do you want your interest paid?

The usual options for the payment of interest are yearly or monthly (although other options such as quarterly do exist). Annual interest best suits those best who don’t need to touch their savings very often, whereas monthly interest is good for those such as pensioners, who have to derive a regular income from their savings.

How do you want to manage your account?

We’re all different. Some of us prefer managing our accounts by popping down to the local branch in our lunch hour, while others like to keep track of our finances in the evening using online banking. Whatever your preference, be sure the account you select can be operated the way that suits you.

Compare the best savings rates

 
 
 
Long-term fixed bond rates rise
Long-term fixed bond rates rise

The average long-term fixed bond rate has risen by 0.05% to 1.30% this month, the first time such a ... More

Top 6 inflation-beating fixed rate bonds
Top 6 inflation-beating fixed rate bonds

Inflation jumped to 1.8% in January, which means just 23 savings accounts now pay a rate that can ma... More

Britain is still a nation of savers
Britain is still a nation of savers

It hasn’t exactly been a great time to be a saver in the last few months, which is why it’s so reass... More

Just 23 bonds beat inflation, but rates are rising
Just 23 bonds beat inflation, but rates are rising

Inflation is well and truly on an upwards march, with the rate standing at 1.8% in January. As a res... More

Number of closed savings accounts on the rise
Number of closed savings accounts on the rise

Savings accounts are rarely available for long these days, and given how quickly some are withdrawn ... More

Sharia’a compliant savings accounts
Sharia’a compliant savings accounts

Islamic savings accounts offer a Sharia’a-compliant way of saving for Muslims living in the UK, as w... More

Depositor protection schemes if a bank goes bust
Depositor protection schemes if a bank goes bust

Find out where your bank or building society is licenced, and what deposit protection guarantees you... More

Is now the time to fix your savings rate?
Is now the time to fix your savings rate?

With some forecasters predicting interest rate cuts by November 2012, we look at the pros and cons o... More

Zenith enters 3yr savings bond chart
Zenith enters 3yr savings bond chart

Zenith Bank (UK) has increased the rate on its three-year fixed bond by 0.08%, which has helped it t... More

Milestone Savings increases bond rates
Milestone Savings increases bond rates

Milestone Savings has increased its fixed bond rates by up to 0.30%, which sees the two and three-ye... More

Improved savings bonds highly competitive
Improved savings bonds highly competitive

Charter Savings Bank has increased fixed bond rates and launched new ones. The 18-month, one, two an... More

Secure Trust Bank raises 5yr bond rate
Secure Trust Bank raises 5yr bond rate

Secure Trust Bank has increased the rate on its five-year bond by 0.05%, which has seen it take a co... More

Paragon enters 3yr bond chart
Paragon enters 3yr bond chart

Paragon Bank has increased the rate on its three-year fixed bond by 0.05%, which sees it enter the B... More

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