The best savings rates this week 11 06 21 | moneyfacts.co.uk

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Derin Clark

Derin Clark

Online Reporter
Published: 11/06/2021

The savings charts remain volatile this week, with new rates constantly being introduced and withdrawn. Overall, many of last week’s top rates remain available with the top rate in the two year chart improving week-on-week, but demonstrating how volatile the savings charts are at the moment, the top rate in the one year fixed bond charts has fallen.

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.

The best fixed rate bonds savings rates

Provider

Account

Term

Rate AER

 

UBL UK

5 Year Fixed Term Deposit

Five years

1.55%

Find out more

UBL UK

3 Year Fixed Term Deposit

Three years

1.21%

Find out more

UBL UK

2 Year Fixed Term Deposit

Two years

1.11%

Find out more

Habib Bank Zurich plc
 

Union Bank UK
 
 
Allica Bank
 
 
 
Charter Savings Bank

HBZ Sirat eDeposit (Islamic Fixed Term Account)
Raisin UK - 1 Year Fixed Term Deposit
Fixed-Term Personal Savings Account (Issue 13)
Fixed Rate Bond
 
Fixed Rate Postal Bond

12 months
 
 
 
One year
 
 
12 months
 
 
 
One year
 
One year

0.85% (expected profit rate)
 
 
0.85%
 
 
0.85%
 
 
 
0.85%
 
0.85%

Go to provider’s site
 
 
Go to provider’s site
 
Find out more
 
 
 
Find out more

Find out more

 

UBL UK dominated the fixed rate bond savings chart this week, topping the five, three and two-year charts. Its 5 Year Fixed Term Deposit pays 1.60% gross on maturity, 1.55% gross on anniversary and 1.54% gross monthly. Its 3 Year Fixed Term Deposit pays 1.22% gross on maturity, 1.21% gross on anniversary and 1.20% gross monthly. Its 2 Year Fixed Term Deposit pays 1.12% gross on maturity, 1.11% gross on anniversary and 1.10% gross monthly. All versions require a £2,000 minimum deposit to open. They can be opened online, in branch, by post or via mobile app. Once opened, they can be managed online, in branch, by post, by phone and via mobile app.

Five accounts paid the top one-year fixed bond rate this week. Habib Bank Zurich plc pays an expected profit rate of 0.85% gross on maturity on its HBZ Sirat eDeposit (Islamic Fixed Term Account), which requires a £5,000 minimum deposit to open. This account must be opened online and can only be managed by post. Union Bank UK’s Raisin UK – 1 Year Fixed Term Deposit account pays 0.85% gross on maturity. It requires a £1,000 minimum deposit to open and must be opened online. It can then be managed online, by post and by phone. This account comes with a double welcome bonus of up to £100 when a first savings account is opened via the Raisin UK platform, as well as this, all successful registrations, funded accounts and renewals carried out between 12 April and 25 June 2021 are entered into a daily £100 prize draw. Allica Bank pays 0.85% gross on maturity on its Fixed-Term Personal Savings Account (Issue 13), which requires a £1,000 minimum deposit to open. This account must be opened and managed online. Charter Savings Bank pays 0.85% gross on anniversary and monthly on both its Fixed Rate Bond and Fixed Rate Postal Bond. Both accounts require a £5,000 minimum deposit to open. Fixed Rate Bond must be opened and managed online, while the postal version can be opened online or by post but must be managed by post.

The best easy access savings rates

Provider

Account

Maximum number of withdrawals allowed

Rate AER

 

Atom Bank

Instant Saver

Unlimited

0.50%

Find out more

Cynergy Bank

Online Easy Access Account (Issue 40)

Unlimited via a nominated account

0.50% (includes a 0.20% bonus for 12 months)

Find out more

ICICI Bank UK

SuperSaver Savings Account

Unlimited but all withdrawals via linked ICICI Bank current account only

0.50%

Find out more

Virgin Money

Club M Saver

Unlimited all withdrawals via Club M Account or nominated account

0.50%

Find out more

 

Four accounts had the top easy access savings rate this week. Atom Bank pays 0.50% gross monthly on its Instant Saver, which does not require a deposit to open. To open this account a UK current account is needed. It allows further additions and withdrawals. The account must be opened and managed via mobile app.

Cynergy Bank pays 0.50% gross on anniversary, which includes a bonus of 0.20% for 12 months, on its Online Easy Access Account (Issue 40). It requires a £1 minimum deposit to open. Further additions can be made and withdrawals are permitted via nominated account. It must be opened and managed online and a Cynergy Bank Authenticator App or Digipass is required to open and manage the account.

Also paying 0.50% gross monthly was ICICI Bank UK’s SuperSaver Savings Account. It does not require a deposit to open but a HomeVantage Current Account is required. This account allows further additions and withdrawals, but all transactions must bemade via a linked ICICI Bank current account. It can be opened online, in branch or by phone and then managed online, in branch, by post and via mobile app.

Virgin Money’s Club M Saver pays 0.50% gross quarterly. No deposit is needed to open this account but a Virgin Money Club M Account is required. It allows further additions and withdrawals via a Club M Account or a nominated account. It can be opened online or by phone and then managed online, in branch, by phone and via mobile app.

The best notice account rates

Provider

Account

Notice

Rate AER

 

Shawbrook Bank

120 Day Notice Personal Account Issue 48

120 days

0.72%

Find out more

Paragon Bank

120 Day Notice Account (Issue 22)

120 days

0.70%

Go to provider’s site

Allica Bank

95-Day Notice Personal Savings Account (Issue 1)

95 days

0.70%

Find out more

 

Topping the notice account chart this week was Shawbrook Bank paying 0.72% gross on anniversary on its 120 Day Notice Personal Account Issue 48. It requires a £1,000 minimum deposit to open and allows further additions. Withdrawals can be made subject to 120 days’ notice. The account must be opened online but can be managed online and by phone. There is a version of this account that pays interest monthly at the same gross rate.

Both Paragon Bank and Allica Bank paid the next best notice account rate. Paragon Bank pays 0.70% gross on anniversary on its 120 Day Notice Account (Issue 22), which requires a £500 minimum deposit to open. It allows further additions via a nominated account and withdrawals can be made via a nominated account subject to 120 days’ notice. It must be opened and managed online.

Allica Bank’s 95-Day Notice Personal Savings Account (Issue 1) pays 0.70% gross on anniversary and requires a £1,000 minimum deposit to open. Further additions are allowed and withdrawals can be made subject to 95 days’ notice. It must be opened online and can only be managed by phone.

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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