Best Savings Rates

  - Find the best savings rates with our best buys or savings search and open an account today.
Also look at:

Compare the Best Savings Rates

Compare
Up to 3 products
side by side
AER Notice / Term Minimum Investment Account Opening Search all 1590 accounts
     
  Easy Access - no bonus  

E-asy Access Account
1.30%
None £25000
  1. Yes
  2. No
  3. No
  4. No
Details...
Proceed
 

GE Saver Issue 6
1.30%
None £500
  1. Yes
  2. No
  3. No
  4. No
Details...
Proceed
 

eSaver Special
1.30%
None £1000
  1. Yes
  2. No
  3. No
  4. No
Details...
Proceed
 
     
  Easy Access with bonus  

Online Saver Issue 11
1.30%
Inc 0.40% bonus for 12 months
None £1
  1. Yes
  2. No
  3. No
  4. No
Details...
Proceed
 
     
  Fixed Rate Bonds  

3 Year Fixed Rate Account
2.70%
3 Year Bond £1000
  1. Yes
  2. No
  3. Yes
  4. Yes
Details...
Proceed
 

3 Year Fixed Term Deposit
2.65%
3 Year Bond £25000
  1. Yes
  2. No
  3. Yes
  4. No
Details...
Proceed
 

Sharia'a compliant Premier Deposit Account
2.50%
3 Year Bond £25000
  1. Yes
  2. No
  3. No
  4. No
Details...
Proceed
 

2 Year Fixed Term Deposit
2.30%
2 Year Bond £25000
  1. Yes
  2. No
  3. Yes
  4. No
Details...
Proceed
 

Sharia'a compliant Premier Deposit Account
2.25%
2 Year Bond £25000
  1. Yes
  2. No
  3. No
  4. No
Details...
Proceed
 

Two Year Fixed Rate
2.10%
2 Year Bond £1000
  1. Yes
  2. No
  3. No
  4. No
Details...
Proceed
 

1 Year Fixed Term Deposit
1.95%
1 Year Bond £25000
  1. Yes
  2. No
  3. Yes
  4. No
Details...
Proceed
 

One Year Fixed Rate
1.90%
1 Year Bond £1000
  1. Yes
  2. No
  3. No
  4. No
Details...
Proceed
 
     
  Notice Accounts  

GE 100 Day Notice Issue 4
1.55%
100 Day £500
  1. Yes
  2. No
  3. No
  4. No
Details...
Proceed
 
     
  Monthly Income Accounts  

GE 100 Day Notice Issue 4
1.55%
100 Day £500
  1. Yes
  2. No
  3. No
  4. No
Details...
Proceed
 

Online Saver Issue 11
1.30%
Inc 0.39% bonus for 12 months
None £1
  1. Yes
  2. No
  3. No
  4. No
Details...
Proceed
 

GE Saver Issue 6
1.30%
None £500
  1. Yes
  2. No
  3. No
  4. No
Details...
Proceed
 
     
     
  Sponsored Products  

Extra Saver
1.20%
None £1
  1. Yes
  2. No
  3. No
  4. Yes
Details...
Proceed View Easy Access - no bonus Best Buys
 

WeBSaveR 2
1.20%
None £1000
  1. Yes
  2. No
  3. No
  4. No
Details...
Proceed View Easy Access - no bonus Best Buys
 

JIB Direct 1 Year Fixed Deposit Account
1.65%
1 Year Bond £20000
  1. Yes
  2. No
  3. No
  4. No
Details...
Proceed View Fixed Rate Bonds Best Buys
 
Compare
Last Updated: Saturday 26 July 2014 00:23

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.

Disclaimer:
All rates subject to change without notice. Please check all rates and terms before investing or borrowing.
Search All Savings Accounts >>
 

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

Knowing what type of taxpayer you are (reluctant doesn’t count!) is really important in determining what type of savings account you should opt for.

All savings accounts are liable for income tax at your marginal rate (the rate of tax that you pay) with the exception of ISAs. That means certain accounts are better for certain taxpayers.

At any rate, a Cash ISA is always a good first port of call for savings as any interest earned is entirely yours.

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 suits those best who don’t touch their savings 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, some of us 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

Advertisements:

Holidays or the home – what do your savings go on?
Holidays or the home – what do your savings go on?

We all know the value of savings, but people can often have different priorities when it comes to th... More

6 of the best three-year fixed rate bonds
6 of the best three-year fixed rate bonds

Fixed rate bonds are the best, and often only, way to secure a decent return from your money. Thanks... More

Is the cost of your holiday taking its toll?
Is the cost of your holiday taking its toll?

It’s the time of year when we all dream of jetting off on a well-earned holiday, but sometimes there... More

72 savings accounts now beat inflation
72 savings accounts now beat inflation

The latest official inflation figures, released this morning, show that the Consumer Prices Index (C... More

Audio: Regulator unhappy with savings market
Audio: Regulator unhappy with savings market

Earlier this week, Britain’s financial regulator the FCA published the initial findings of a probe i... More

Islamic Sharia’a compliant savings accounts
Islamic 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

Savings accounts for over 50s
Savings accounts for over 50s

Savings accounts for the over 50s can offer a better rate, but not always. Make sure you always comp... More

Leeds BS’ 4% bond
Leeds BS’ 4% bond

Leeds Building Society has re-launched its 10-year fixed rate bond paying an impressive 4.00% gross ... More

Teachers BS launches new best buy account
Teachers BS launches new best buy account

Teachers Building Society has extended its range of variable rate products by launching a brand new ... More

Top one-year ISA from Britannia
Top one-year ISA from Britannia

Britannia has reviewed its savings range by changing issue numbers and amending rates, but its one-y... More

Marsden BS unveils online notice account
Marsden BS unveils online notice account

Marsden BS has entered the online notice account market with the launch of this 95-day notice accoun... More

Investec improves fixed rate bonds
Investec improves fixed rate bonds

Investec Bank has increased the rates on its short to medium-term fixed rate bonds, reaffirming its ... More