The new 12-sided pound coin is officially going into circulation today (28 March). The coin, which has been designed to be "the most secure coin in the world", comes with 12 sides, two different metals, micro-letting and a holographic-style image, as well as milled edges and a hidden security feature. You can find out more about it in our quick guide below.
It all sounds very technical, but we're all about making your money work as hard as possible, no matter what denomination it comes in. That's why we've taken a look at the best savings accounts if you only had the new £1 coin to put in.
Sounds simple enough, but not all accounts can be opened with this level of investment; some require an initial deposit of hundreds or even thousands of pounds, which may be out of reach for fledgling savers. So, where can you go if you only have a simple pound coin to save? We've got the answer.
Best easy access from £1* | ||||
Company | Account | Notice | Rate at £1 | Notes |
Skipton BS | Limited Edition Online Bonus Saver | No Notice | 1.02% |
|
Post Office Money ® | Online Saver Issue 24 | No Notice | 1.01% |
|
Tesco Bank | Internet Saver | No Notice | 0.96% |
|
Best notice account from £1* | ||||
Company | Account | Notice | Rate at £1 | Notes |
Skipton BS | 90 Day Notice Issue 2 | 90 Day | 0.81% |
|
Mansfield BS | 60 Day Notice (1st Issue) | 60 day | 0.60% |
|
Norwich & Peterborough BS | Branch Notice Saver (Issue 5) | 90 Day | 0.60% |
|
Best cash ISAs from £1* | ||||
Company | Account | Notice | Rate at £1 | Notes |
Coventry BS | Easy Access ISA (5) | Instant | 1.05% |
|
National Savings & Investments | Direct ISA | No Notice | 1.00% |
|
SAGA | ISA Saver (Issue 15) | No Notice | 0.95% |
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Compare the best savings accounts using our whole of market search tool
*Rates & features correct as at 28.03.2017. Source: Moneyfacts.co.uk
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