Savings News

Savers looking for the top rates will be pleased to see that new, higher rates, are now topping some of the charts. The notice account chart has particularly seen a number of new rates, with a new rate topping the chart overall. Savers looking to open these accounts are urged to act quickly as many providers are finding that their top-rate accounts are quickly reaching maximum funding levels resulting in them having to withdraw or reduce the rates being offered.

Although there has been little change at the top of the ISA charts this week, savers will note that a new, slightly higher rate is now available at the top of the one year fixed ISA chart. As well as this, competition within the easy access ISA chart has increased this week, with two providers now offering the second-best rate of 0.41% AER.

Savers should note that the rates below are the best rates available at 12pm on Thursday 13 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.

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.