The best savings rates this week 03.09.21 | moneyfacts.co.uk

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Michelle Monck

Michelle Monck

Consumer Finance Expert
Published: 03/09/2021

The best rate for a one-year fixed rate bond increased this week from 1.41% to 1.50% as SmartSave exited the market and Atom Bank increased its rates. Atom Bank also has the very best fixed rate bonds for two and five year terms following its rate increases.


The easy access and notice charts saw a couple of changes this week with Tesco Bank entering the easy access charts and Charter Savings Bank and DF Capital now top of our best notice account rates.

Savers should be aware that the accounts highlighted below are the top-paying accounts available to new customers and higher rates may be available to existing customers only. Savers can compare the best savings rates available to existing customers by visiting our savings charts and selecting these accounts in the refine search section.


Information about accounts and rates are correct at 1pm on Friday 3 September 2021 but can change at any time.

The best fixed rate bonds savings rates

Provider

Account

Term

Rate AER

 

Atom Bank

5 Year Fixed Saver

Five years

1.86%

Find out more

QIB (UK)

Raisin UK - 3 Year Fixed Term Deposit

Three years

1.77% (expected profit rate)

Go to provider’s site

Atom Bank

2 Year Fixed Saver

Two years

1.75%

Find out more

Atom Bank

1 Year Fixed Saver

One year

1.50%

Find out more

This week Atom Bank increased the rates on its Fixed Savers by up to 0.60% and tops the one-, two- and five-year fixed rate charts. Its 5 Year Fixed Saver has a rate of 1.86% gross with interest paid on anniversary. Its 2 Year Fixed Saver has a rate of 1.75% gross with interest paid on anniversary and its 1 Year Fixed Saver has a rate of 1.50% gross with interest paid on anniversary. These products have a monthly interest option for those looking to supplement their income which pay interest at a slightly lower gross rate. All these accounts have a minimum opening balance of £50 and can only be opened and operated using the Atom Bank smartphone app. Further additions are allowed for 1 week from account opening. Withdrawals are not permitted. 
QIB (UK) pays an expected profit rate of 1.77% gross on maturity on its Raisin UK – 3 Year Fixed Term Deposit. It has a £1,000 minimum deposit to open and benefits from Raisin UK offering a welcome bonus of £50 that can be claimed when savers open their first savings account via its website (terms and conditions apply). This account must be opened online but can be managed online, by post and by phone. Further additions and withdrawals are not allowed. 

 

The best fixed rate bonds

The best easy access savings rates

Provider

Account

Maximum number of withdrawals allowed

Rate AER

 

Tandem Bank

Green Instant Access Saver

Unlimited via a nominated account

0.65%

Find out more

Aldermore

Double Access Account Issue 1

Unlimited. Lower rate paid if more than 2 withdrawals made per annum

0.60%

Find out more

Tesco Bank

Internet Saver

Unlimited via a nominated account

0.59% includes a 0.49% bonus for 12 months

Find out more

Tandem Bank has again retained the top spot on the easy access savings chart this week. Its Green Instant Access Saver has a rate of 0.65% gross monthly. This account does not require a deposit to open and allows further additions and withdrawals via a nominated account. It can only be opened and managed via mobile app.
Aldermore offers the second highest easy access rate this week at 0.60% gross on anniversary. This account has a monthly interest option for those looking to supplement their income which pays interest at the same gross rate. The account requires a £1,000 minimum opening deposit. It allows further additions. If more than two withdrawals are made per annum the interest rate will reduce to 0.10%. It can be opened and managed online. 
The next-best easy access savings rate this week is the Internet Saver from Tesco Bank.  This account pays 0.59% gross yearly and includes a bonus of 0.49% for 12-months. The account requires a £1 minimum deposit to open. It allows further additions and withdrawals. It must be opened online but can then be managed online and via mobile app.

 

Compare the best easy access savings accounts

The best notice account rates

Provider

Account

Notice

Rate AER

 

Charter Savings Bank

120 Day Notice – Issue 24

120 Day Notice Postal – Issue 24

120 days

1.05%

Find out more

DF Capital

120 Day Notice Account (Issue 1)

120 days

1.05%

Find out more

OakNorth Bank 

120 Days Notice Deposit Account 

120 days
  

1.01%

Find out more
  

This week the best notice savings accounts are from Charter Savings Bank and DF Capital.
Charter Savings Bank’s 120 Day Notice – Issue 24 and 120 Day Notice Postal – Issue 24 both have a rate of 1.05% gross when interest is paid on anniversary and 1.04% gross when interest is paid monthly. Both accounts require a £5,000 minimum deposit to open and allows further additions via a nominated account. Withdrawals can be made subject to 120 days’ notice. The 120 Day Notice account can only be opened and managed online whereas the postal version can be opened via post and online but only managed by post.


The 120 Day Notice Account (Issue 1) from DF Capital pays 1.05% gross monthly. A £1,000 minimum deposit is needed to open this account, which allows further additions. Withdrawals can be made subject to 120 days’ notice. It can be opened and managed online.


OakNorth Bank has the third best notice account at 1.01% gross monthly. A £1 minimum deposit is needed to open this account, which allows further additions. Withdrawals can be made subject to 120 days’ notice. It can be opened and managed online and by the OakNorth Bank smartphone app.

Compare the best notice accounts

Compare the best notice accounts on our charts.

Disclaimer

Information is correct as of the date of publication (shown at the top of this article). Any products featured may be withdrawn by their provider or changed at any time. Links to third parties on this page are paid for by the third party. You can find out more about the individual products by visiting their site. Moneyfacts.co.uk will receive a small payment if you use their services after you click through to their site. All information is subject to change without notice. Please check all terms before making any decisions. This information is intended solely to provide guidance and is not financial advice. Moneyfacts will not be liable for any loss arising from your use or reliance on this information. If you are in any doubt, Moneyfacts recommends you obtain independent financial advice.

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