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 main reason you might want to have your interest paid monthly is to use this interest to top up your monthly income. Alternatively, some people like to see interest applied to their account more regularly, rather than every year, so that they have an appreciation of how their savings are growing.
Not all savings accounts and cash ISAs offer the option to pay you interest monthly. This best buy table shows the best variable rate accounts that do, with fixed rate monthly accounts and cash ISAs available on our whole market savings search.
Most monthly interest savings accounts offer the option to either have your interest kept in the account (where it then benefits from compound interest and helps to grow your savings pot), or to have it paid into a separate account, such as your bank account where you can make use of it in your day-to-day finances.
Some monthly interest accounts may only allow the interest to be paid to a separate account so watch out for this.
Savings home Search all monthly interest savings accounts & ISAs
Guide to monthly interest accounts Savings guides
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.
The latest official inflation figures show that the Consumer Prices Index (CPI) fell to 1.6% in July... More
Getting a decent return from your savings takes more than putting money in the first account you com... More
With savings rates still tending to frustrate rather than elate, savers have increasingly been looki... More
If you’re looking to secure the best rate on your savings, you generally have one of two options – t... More
There’s nothing worse than squirreling away your hard-earned cash into a savings account, only to fi... 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
Savings accounts for the over 50s can offer a better rate, but not always. Make sure you always comp... More
Tesco Bank has reviewed its saving rates and boosted them by up to 0.10%. Its instant access cash IS... More
Vanquis Bank has upped the rates on its four and five-year fixed accounts by 0.05%. This has propell... More
Investec Bank PLC has increased the rate on its two-year fixed rate account by 0.05%, causing it to ... More
Chelsea Building Society has unveiled four new saving accounts, two of which boast the top rates for... More
Yorkshire Building Society has created three one-year saving accounts, one of which has proven itsel... More
Moneyfacts.co.uk will, like most other websites, place cookies onto your computer’s
hard drive. This includes tracking cookies.