The Best Savings Rates This Week 13 08 21 | moneyfacts.co.uk

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Derin Clark

Derin Clark

Online Reporter
Published: 13/08/2021

Several banks and building societies increased the rates on their savings accounts this week including Tandem Bank, whose rate rise resulted in it topping the easy access savings chart paying 0.65%. Meanwhile, in the fixed rate bond chart, rate increases from Cynergy Bank resulted in it topping the three, two and one year charts.

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

 

United Trust Bank

UTB 5 Year Bond

Five years

1.70%

Go to provider’s site

Cynergy Bank

Fixed Rate Bond

Three years

1.50%

Find out more

Cynergy Bank

Fixed Rate Bond

Two years

1.41%

Find out more

Cynergy Bank

Fixed Rate Bond

One year

1.22%

Find out more

 

United Trust Bank topped our five year fixed rate bond chart this week paying 1.70% gross on anniversary on its UTB 5 Year Bond. This account requires a £5,000 minimum deposit to open and must be opened online. It can be managed online, by post and by phone.

Rate rises by Cynergy Bank on a range of its accounts this week sees it topping the three, two and one year fixed rate bond charts. The three year version of its Fixed Rate Bond pays 1.50% gross on anniversary, the two year option pays 1.41% gross on anniversary and the one year version pays 1.22% gross on anniversary. All options of this account require a £10,000 minimum deposit to open. They can only be opened online but can then be managed online, by post and by phone.

Compare the best fixed rate bonds

Compare the best fixed rate bonds on our charts.

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

Skipton Building Society

Online Triple Access Saver Issue 1
Triple Access Saver Issue 1

Up to three withdrawals per calendar year
Up to three withdrawals per calendar year

0.60%
 
 
0.60%

Find out more
 
 
Find out more

Investec Bank plc

Online Flexi Saver

Unlimited

0.58%

Go to provider's site

 

New to the top of the easy access savings chart this week was Tandem Bank with its Green Instant Access Saver paying 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.

Two accounts from Skipton Building Society pay the next best rate of 0.60% this week. Both Online Triple Access Saver Issue 1 and Triple Access Saver Issue 1 pay 0.60% gross on anniversary and require a £5,000 minimum deposit to open. These accounts allow further additions but withdrawals are restricted to up to three withdrawals per calendar year. Online Triple Access Saver Issue 1 must be opened and managed online, whereas Triple Access Saver Issue 1 can be opened and managed in branch, by post and by phone.

The third-best easy access savings account rate this week came from Investec Bank plc, which pays 0.58% gross monthly on its Online Flexi Saver. A £5,000 minimum deposit is needed to open this account. Further additions and withdrawals are permitted. This account can only be opened and managed online.

Compare the best easy access savings accounts

The best notice account rates

 

Provider

Account

Notice

Rate AER

 

DF Capital

120 Day Notice Account (Issue 1)

120 days

1.00%

Find out more

Hampshire Trust Bank

120 Day Notice (Issue 6)

120 days

0.90%

Go to provider’s site

Allica Bank

95-Day Notice Personal Savings Account (Issue 1)

95 days

0.86%

Find out more

 

The top rate in our notice account chart this week came from DF Capital which pays 1.00% gross monthly on its 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. The account can only be opened online and then managed through a secure email portal.

Hampshire Trust Bank had the next best notice account rate this week paying 0.90% gross on anniversary on its 120 Day Notice (Issue 6). To open this account a £1 minimum deposit is needed. It allows further additions via a nominated account, and withdrawals are permitted subject to 120 days’ notice and must also be via a nominated account. It must be opened online but can then be managed online, by post and by phone.

95-Day Notice Personal Savings Account (Issue 1) from Allica Bank had the third-best notice account rate this week paying 0.86% gross on anniversary. This account requires a £10,000 minimum deposit to open. It allows further additions and withdrawals can be made subject to 95 days’ notice. This account can be opened online or via mobile app and then managed by phone and via mobile app.

Compare the best notice accounts

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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