Last updated: 2 May 2024 at 12:00
Longer-term fixed bonds inch higher as leading rates remain stable.
Although some providers have been launching competitive new accounts and increasing rates, the tops of our savings charts have seen little change.
The leading rates on three- and five-year bonds inched upwards after SmartSave raised its rates, but it’s worth noting that shorter-term fixed bonds and easy access accounts continue to pay a higher rate of interest.
Elsewhere, savers may be interested in the new current account switching offer from Virgin Money. If you move your current account to one of Virgin Money’s three eligible accounts through the Current Account Switch Service, you could receive a bonus interest rate of 10% gross on current account balances of up to £1,000. This bonus rate applies between 1 July 2024 and 30 June 2025.
Before switching, it’s important to check the terms of the offer and the account to make sure it’s suitable for your requirements.
Below, we’ve highlighted and provided more details on the best easy access, fixed and notice savings rates currently available. These products can be opened by new customers with a deposit of up to £10,000. However, higher rates may be available to existing customers or those who have a larger initial investment.
For a comprehensive overview of the savings market, visit our charts.