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.
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.
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
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.
Challenger banks are causing a storm in the fixed rate bond sector, and happily, it’s the highest ra... More
It seems that the recent signs of improvement in the savings market could be having an impact on sav... More
The average long-term fixed bond rate has risen by 0.05% to 1.30% this month, the first time such a ... More
Inflation jumped to 1.8% in January, which means just 23 savings accounts now pay a rate that can ma... More
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
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
Secure Trust Bank has launched a new one and three-year fixed bond, and a market-leading 90-day noti... More
Atom Bank has increased fixed bond rates by up to 0.50%, which has seen its one, two, three and five... More
Vanquis Bank has increased selected fixed bond rates by up to 0.20%. This has enabled its four-year ... More
Sainsbury’s Bank has increased selected rates by 0.05%, which has made its easy access account appea... More
Skipton BS has increased selected rates by up to 0.16%, which has made its easy access account compe... More
Moneyfacts.co.uk will, like most other websites, place cookies onto your computer’s
hard drive. This includes tracking cookies.