The Best Savings Rates This Week 19 11 21 | moneyfacts.co.uk

Moneyfacts.co.uk will never contact you by phone to sell you any financial product. Any calls like this are not from Moneyfacts. Emails sent by Moneyfacts.co.uk will always be from news@moneyfacts-news.co.uk. Be Scamsmart.


Derin Clark

Derin Clark

Online Reporter
Published: 19/11/2021

A number of banks and building societies have increased rates on their savings accounts this week. Notably Zenith Bank (UK) Ltd increased the rate on its one and three year fixed rate bonds, resulting in the three year version now one of four accounts paying the top rate in this chart. Masthaven Bank also increased the rate on its one year fixed rate bond during the week, resulting in it being among five accounts paying the top one year bond rate.

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 19 November 2021 but can change at any time.

The best fixed rate bonds savings rates

Provider Account Term Rate AER  

Gatehouse Bank


UBL UK

5 Year Fixed Term Woodland Saver
Raisin UK - 5 Year Fixed Term Deposit

Five years


Five years

2.05% (expected profit rate)

2.05%

Go to provider’s site

Go to provider’s site

UBL UK


United Trust Bank
Zenith Bank (UK) Ltd

Raisin UK - 3 Year Fixed Term Deposit
UTB 3 Year Bond

3 Year Fixed Term Deposit

Three years


Three years

Three years

1.82%


1.82%

1.82%

Go to provider’s site

Go to provider’s site
Go to provider’s site

Zopa 2 Year Fixed Term Savings Two years 1.61% Find out more

Masthaven Bank

Union Bank of India (UK) Ltd


Wesleyan Bank

Zopa

1 Year Fixed Term Account
Fixed Rate Deposit
Union Premier Bond
Fixed Rate Deposit Account
1 Year Fixed Term Savings

One year

One year

One year

One year

One year

1.35%

1.35%

1.35%

1.35%

1.35%

Find out more

Find out more

Find out more

Find out more

Find out more

 

Both Gatehouse Bank and UBL UK top the five year fixed rate bond chart this week. Gatehouse Bank pays an expected profit rate of 2.05% gross on anniversary on its 5 Year Fixed Term Woodland Saver. This account requires a £1,000 minimum deposit to open and must be opened and managed online. It benefits from Gatehouse Bank planting a tree in a UK woodland when an account is opened and funded, the trees are planted in UK woodland projects certified in UK woodland projects certified by the UK Government’s Woodland Carbon Code. UBL UK pays 2.05% gross on maturity on its Raisin UK – 5 Year Fixed Term Deposit, which also requires a £1,000 minimum deposit to open. This account benefits from Raisin UK offering a welcome bonus of £50 that can be claimed by savers when they open their first savings account via the Raisin UK website (terms and conditions apply). It must be opened online but can be managed online, by post and by phone.

Three accounts pay the top three year fixed bond rate this week. UBL UK pays 1.82% gross on maturity on its Raisin UK – 3 Year Fixed Term Deposit. The account requires a £2,000 minimum deposit to open and benefits from Raisin UK offering a £50 welcome bonus that can be claimed when savers open their first savings account via its website (terms and conditions apply). The account must be opened online but can be managed online, by post and by phone. United Trust Bank pays 1.82% gross on anniversary on its UTB 3 Year Bond, which requires a £5,000 minimum deposit to open. This account can only be opened online and then managed online, in branch and by phone. Zenith Bank (UK) Ltd pays 1.82% gross on anniversary on its 3 Year Fixed Term Deposit. To open this account a £1,000 minimum deposit is needed. It must be opened online and can only be managed by post.

The top two year fixed bond rate this week comes from Zopa, which pays 1.59% gross monthly on its 2 Year Fixed Term Savings account. A £1,000 minimum deposit is needed to open this account, which must be opened online but can then be managed online and via mobile app. Savers should be aware that a higher gross rate is available on accounts from Bank of London and The Middle East (BLME) and Gatehouse Bank. BLME pays an expected profit rate of 1.60% gross on anniversary on its Premier Deposit Account and Gatehouse Bank pays an expected profit rate of 1.60% gross on anniversary on its 2 Year Fixed Term Woodland Saver. Both accounts require a £1,000 minimum deposit to open. The BLME account can only be opened online and must be managed by post, the Gatehouse Bank account must be opened and managed online.

Five accounts pay the top one year fixed bond rate this week. Masthaven Bank pays 1.35% gross on anniversary on its 1 Year Fixed Term Account, which requires a £500 minimum deposit to open. The account must be opened and managed online. There is also a version of the account that pays interest monthly at a slightly lower gross rate of 1.34%. Union Bank of India (UK) Ltd pays 1.35% gross on maturity on its Fixed Rate Deposit and its Union Premier Bond accounts. Fixed Rate Deposit requires a £1,000 minimum deposit to open and can be opened and managed in branch and by post. Union Premier Bond requires a £5,000 minimum deposit to open and must be opened and managed online. Wesleyan Bank’s Fixed Rate Deposit Account pays 1.35% gross on anniversary. A £1,000 minimum deposit is needed to open this account, which must be opened and managed online. Zopa pays 1.34% gross monthly on its 1 Year Fixed Term Savings, which requires a £1,000 minimum deposit to open. The account can only be opened online but can be managed online 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  
Shawbrook Bank Easy Access - Issue 28 Unlimited via a nominated account 0.67% Find out more
Cynergy Bank Online Easy Access Account (Issue 42) Unlimited via a nominated account 0.66% Find out more
Paragon Bank Triple Access Account (Issue 5) (0-3 withdrawals pa) Lower rate paid if more than 3 withdrawals in 12 month period 0.65% Go to provider’s site

 

The top easy access savings account rate this week comes form Shawbrook Bank, which pays 0.67% gross on anniversary or monthly on its Easy Access – Issue 28. This account requires a £1,000 minimum deposit to open. Further additions and withdrawals, subject to a minimum amount of £500, can be made with all transactions via a nominated account. This account must be opened online but can then be managed online and by phone.

Cynergy Bank has the next best rate in the easy access savings chart with its Online Easy Access Account (Issue 42) paying 0.66% gross on anniversary, which includes a 0.36% bonus for 12 months. A £1 minimum deposit is needed to open this account, as well as a Cynergy Bank Authenticator App or Digipass to use online banking. The account allows further additions and withdrawals are permitted via a nominated account. It can only be opened and managed online.

The third-best easy access savings account rate this week is Paragon Bank’s Triple Access Account (Issue 5) (0-3 withdrawals pa) which pays 0.65% gross on anniversary or monthly. To open this account a £1 minimum deposit is needed. It allows further additions via a nominated account. Withdrawals are restricted to three in a 12 month period, with a lower rate of interest being paid if more withdrawals are made. The account must be opened and managed online.

Compare the best easy access accounts

The best notice account rates

Provider Account Notice Rate AER  
Secure Trust Bank 120 Day Notice Account 120 days 1.10% Find out more
Shawbrook Bank 120 Day Notice Personal Account Issue 50 120 days 1.08% Find out more
Secure Trust Bank 60 Day Notice Account 60 days 0.85% Find out more

 

The top notice account rate this week is 1.10% gross quarterly paid on Secure Trust Bank’s 120 Day Notice Account. This account requires a £1,000 minimum deposit to open and allows further additions subject to a minimum of £1,000. Up to four interest withdrawals can be made and three capital withdrawals per annum on 120 days’ notice. The account must be opened online but can then be managed online and by phone.

Shawbrook Bank has the second-best paying notice account this week with its 120 Day Notice Personal Account Issue 50 paying 1.08% gross on anniversary. To open this account a £1,000 minimum deposit is needed. It allows further additions and withdrawals can be made subject to 120 days’ notice. It can only be opened online but can be managed online or by phone. There is also a version of this account that pays interest monthly at a slightly lower gross rate of 1.07%.

Savers looking for a lower notice period will find that Secure Trust Bank has the top rate in the up to 60 days notice account chart. Its 60 Day Notice Account pays 0.85% gross quarterly. A £1,000 minimum deposit is needed to open this account. Further additions can be made, subject to a minimum of £1,000. Up to four interest withdrawals and up to three capital withdrawals are permitted per annum subject to 60 days’ notice. The account can only be opened online but can then be managed online and by phone.

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.

Cookies

Moneyfacts.co.uk will, like most other websites, place cookies onto your device. This includes tracking cookies.

I accept. Read our Cookie Policy