The best savings rates this week 17.09.21 | moneyfacts.co.uk

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Michelle Monck

Michelle Monck

Consumer Finance Expert
Published: 17/09/2021

This week the market has seen savings rates stabilise after a frenetic period of rate increases.

Find all the best savings rates and accounts in our weekly round up.

Savers should be aware that the accounts highlighted below are the top-paying accounts available to new customers, that can be opened online – savers wanting to open by other means can use our charts to find savings accounts with other options. 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 12pm on Friday 17 September 2021, but can change at any time.

The best fixed rate bonds savings rates

 

Provider

Account

Term

Rate AER

 

Isbank

Raisin UK - 5 Year Fixed Term Deposit

Five years

1.80%

Go to provider’s site

Al Rayan Bank

Fixed Term Deposit

36 months

1.81% (expected profit rate)

Go to provider’s site

Al Rayan Bank

Fixed Term Deposit

24 months

1.76% (expected profit rate)

Go to provider’s site

Al Rayan Bank

Fixed Term Deposit

12 months

1.45% (expected profit rate)

Go to provider’s site

This week the best rate for a five year fixed rate bond is from Isbank with its Raisin UK – 5 Year Fixed Term Deposit. This account has a rate of 1.80% gross paid on maturity. Savers can open this account online using the Raisin UK portal. Right now, savers can earn a £50 bonus when depositing at least £10,000 into this account on the Raisin UK platform.

Al Rayan Bank dominates the remaining terms in the fixed rate chart. Its Fixed Term Deposit offers expected profit rates of 1.81% gross quarterly for 36 months, 1.76% gross quarterly for 24 months and 1.45% gross quarterly for 12 months. Al Rayan Bank also has the a chart topping rate for an 18 month bond with and expected profit rate of 1.55% gross quarterly. All of the Al Rayan Bank bonds 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

 

Aldermore

Double Access Account Issue 1 (0-2 withdrawals)

Lower rate paid if more than 2 withdrawals pa.

0.60%

Go to provider’s site

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

 

Investec Bank plc

Online Flexi Saver

None

0.58%

Go to provider’s site

This week Aldermore has the best easy access rate with its Double Access Issue 1 (0-2 withdrawals). This account pays a rate of 0.60% gross on anniversary or monthly. Savers can open this account online with a minimum deposit of £1,000. It can then be managed online. Further additions can be made and while there are no restrictions on withdrawals, savers needing to make more than two in a year will have their interest rate reduced.


Tesco Bank is next in the 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.


Investec Bank plc offers a rate of 0.58% gross monthly on its Online Flexi Saver. Savers can open this account online with a minimum deposit of £5,000. It can then be managed online as well. Further additions and withdrawals are allowed.

Compare the best easy access 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

OakNorth Bank

120 Days Notice Deposit Account

120 days

1.06%

Find out more

OakNorth Bank

90 Days Notice Deposit Account

90 days

1.01%

Find out more

The best rate for a notice savings account this week is from Oxbury Bank and OakNorth Bank.
Oxbury Bank, 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.


OakNorth Bank also pays 1.06% gross monthly on its 120 Days Notice Deposit Account and 1.01% gross monthly on its 90 Days Notice Deposit Account. Savers can open these accounts online or by mobile app with a £1 deposit. They can then be managed in the same way. They allows further additions and withdrawals subject to a minimum of £1,000, can be made by savers providing the relevant notice of either 120 days’ or 90 days’ is given.

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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