The Best Savings Rates This Week 10 09 21 | moneyfacts.co.uk

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Derin Clark

Derin Clark

Online Reporter
Published: 10/09/2021

At the beginning of this week Al Rayan Bank increased its fixed bond rates, resulting in it now topping both the three and two year fixed rate bond charts. Meanwhile, Oxbury Bank launched a 120 day notice account this week, which now pays the top rate in our notice account chart. Savers looking for an easy access savings account will find that a rate increase sees Buckinghamshire Building Society now offers the second-best rate along with Aldermore, as well as this during the week Leeds Building Society increased the rate on its Limited Issue Online Access Account (Issue 23), which now pays a competitive rate of 0.55% AER.

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 2pm on Friday 10 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
Al Rayan Bank Fixed Term Deposit 36 months 1.81% (expected profit rate) Find out more
Al Rayan Bank Fixed Term Deposit 24 months 1.76% (expected profit rate) Find out more
Atom Bank 1 Year Fixed Saver One year 1.50% Find out more

 

Atom Bank and Al Rayan Bank dominated the fixed rate bond charts this week. Atom Bank had the top rate overall paying 1.86% gross on anniversary on its 5 Year Fixed Saver. Atom Bank also topped the one year fixed bond chart this week paying 1.50% gross on anniversary on its 1 Year Fixed Saver. Both accounts require a £50 minimum deposit to open and can only be opened and managed via mobile app. There is also a version of the five year account that pays interest monthly at a lower gross rate of 1.84% and a version of the one year account that pays interest monthly at a lower gross rate of 1.49%.

Al Rayan Bank topped the three and two year fixed rate bond charts this week, with the three year version of its Fixed Term Deposit paying an expected profit rate of 1.81% gross quarterly and the two year version paying an expected profit rate of 1.76% gross quarterly. Both versions require a £5,000 minimum deposit to open. They can be opened and managed online, in branch, by phone and via mobile app.

Compare 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


Buckinghamshire Building Society

Double Access Account Issue 1 (0-2 withdrawals)
Single Access Saver
Lower rate paid if more than 2 withdrawals pa.
1 penalty free withdrawal permitted per annum. Account closed upon 2nd withdrawal

0.60%


0.60%

Find out more


Find out more

Tesco Bank Internet Saver Max withdrawal limit of £10K to non-Tesco Bank a/cs, £100K limit to Tesco Bank a/cs 0.59% including a 0.49% bonus for 12 months Find out more

 

Tandem Bank topped the easy access savings account chart this week with its Green Instant Access Saver paying 0.65% gross monthly. This account, which has a green incentive, does not require a deposit to open and allows unlimited further additions. Withdrawals can be made at any time with all transactions made via a nominated account. Savers should be aware, however, that this account can only be opened and managed via mobile app.

Aldermore and Buckinghamshire Building Society both had the second-best easy access savings account rate this week. Aldermore pays 0.60% gross on anniversary or monthly on its Double Access Account Issue 1 (0-2 withdrawals). A £1,000 minimum deposit is needed to open this account, which allows further additions. Withdrawals can be made but a lower rate is paid if more than two withdrawals are made per annum. The account must be opened and managed online. Buckinghamshire Building Society pays 0.60% gross yearly on its Single Access Saver, which requires a £100 minimum deposit to open. This account allows further additions but withdrawals are restricted to one penalty free withdrawal per annum, the account is closed when a second withdrawal is made. It can be opened and managed in branch and by post.

Tesco Bank had the next-best rate in the easy access savings account chart this week with its Internet Saver paying 0.59% gross yearly, which includes a 0.49% bonus for 12 months. A minimum deposit of £1 is needed to open this account and further deposit can be made. Withdrawals are permitted but restricted to a maximum limit of £10,000 to non-Tesco Bank accounts and £100,000 to Tesco Bank accounts. Although the account must be opened online it can be managed online and via mobile app.

Compare the best easy access savings accounts

The best notice account rates

Provider Account Notice Rate AER  
Oxbury Bank Personal 120 Day Notice Account - Issue 1 120 days 1.06% Find out more

DF Capital

Charter Savings Bank

120 Day Notice Account (Issue 1)
120 Day Notice - Issue 24
120 Day Notice Postal - Issue 24

120 days

120 days

120 days

1.05%

1.05%

1.05%

Go to provider’s site
Find out more

Find out more

OakNorth Bank 120 Days Notice Deposit Account 120 days 1.01% Find out more

 

The top notice account rate this week came from Oxbury Bank, which pays 1.06% gross monthly on its Personal 120 Day Notice Account – Issue 1. This account requires a £1,000 minimum deposit to open. It allows further additions and withdrawals can be made subject to 120 days’ notice and all transactions must be made via a nominated account. This account must be opened online but can be managed online and via mobile app.

Both DF Capital and Charter Savings Bank had the second-best rate in the notice account chart this week. DF Capital pays 1.05% gross monthly on its 120 Day Notice Account (Issue 1). A £1,000 minimum deposit is needed to open this account, which allows further additions. Withdrawals can be made subject to 120 days’ notice. There is a minimum withdrawal amount of £1,000. The account must be opened and managed online. Charter Savings Bank pays 1.05% gross on anniversary on both its 120 Day Notice – Issue 24 and its 120 Day Notice Postal – Issue 24. These accounts require a £5,000 minimum deposit to open. They allow further additions via a nominated account and withdrawals can be made subject to 120 days’ notice. 120 Day Notice – Issue 24 must be opened and managed online, while 120 Day Notice Postal – Issue 24 can be opened online or by post but must be managed by post. There are versions of both accounts that pay interest monthly at a slightly lower gross rate of 1.04%.

OakNorth Bank had the third-best notice account rate this week paying 1.01% gross monthly on its 120 Day Notice Deposit Account. To open this account a £1 minimum deposit is needed. Once opened, further deposits can be made and withdrawals, which must be for a minimum of £1,000, are allowed subject to 120 days’ notice. The account can be opened and managed online and via mobile app.

Compare the best notice accounts

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