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Savers looking for high interest savings accounts will have to look towards the fixed rate bond chart, which offers the best UK savings rates overall this week. Savers considering a long-term fixed rate bond, however, should factor in the impact inflation may have on their deposits, especially if inflation rises as some experts predict in the coming months as we ease out of lockdown. An alternative option for savers could be a notice account, some of which offer higher rates than easy access accounts, but that also enable savers to access funds subject to a notice period being given.

Savers looking to open a new ISA will find that there has not been a lot of movement at the top of the ISA charts this week. As such, all of last week’s top rates have remained available this week. Despite this, savers are urged to act quickly to secure the top rates to avoid missing out.

Savers should note that the rates below are the best rates available at 1pm on Thursday 6 May 2021 and, although correct at the time of publishing, providers may reduce or withdraw rates at any time. As well as this, the rates highlighted are only those available to new customers, and as such there may be higher rates on ISAs available to existing customers only – to compare these ISAs, visit our ISA charts and, using the refine button, filter the results to show ISAs only available to existing customers.

The Moneyfacts.co.uk Pick of the Week showcases the best of the latest products or rate changes to hit the consumer finance market.

Bank of London and The Middle East (BLME) has warned consumers to be on alert for a scam attempt using a variation of the BLME logo and typeset, along with other company details, to sell fraudulent investments into various bonds offering rates out of line with current market rates.

The bank has taken steps to warn consumers, including updating information on its website with warnings about the scam and how consumers can protect themselves.

BLME has stated some of the ways consumers can help protect themselves from scams, including:

Protect personal information - Never give out your full online banking PIN, passcode or password. No bank would never ask you for this information.

Resist the click - Never click on links or open attachments in emails you don’t recognise or appear to have arrived totally out of the blue.

Personal device security - Make sure your antivirus software is up to date to give you more protection.

Check the email address - If you receive an email, expand the pane at the top of the message and see exactly who it has come from. If it is not from Savings@BLME.com then it is not from the BLME Savings team. If it is a scam, the email address may be compiled of random numbers or misspelt. If you don’t trust it, don’t open it.

Avoid being rushed or pressured into making a decision - If you are pushed into making a decision on the spot, be suspicious! Scammers don't want to give you time to think about it.

If it sounds too good to be true, it usually is - This is common with pension or investment scams, where the fraudster guarantees huge returns but promises low risk.

Check who you are dealing with - Avoid business opportunities from companies that you have not heard of before. If in doubt, please use the Financial Conduct Authority (FCA) Register and Warning List to check who you are dealing with.

BLME has stated it would not:

• Send unsolicited emails requesting money or personal information.
• Request advance funds from you to participate in a business venture.
• Run any Lottery or Prize Draw events.
• Request funds from you to invest without first having received an investment application form from you.