The Best Savings Rates This Week 27 08 21 | moneyfacts.co.uk

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Derin Clark

Derin Clark

Online Reporter
Published: 27/08/2021

The top fixed bond rates continued to rise this week with Zopa increasing the rates across its fixed rate bonds, resulting it topping this chart overall. Meanwhile, QIB (UK) increased rates on a range of its fixed rate bonds which has resulted in it topping the three and two year charts. For those looking for a one year fixed rate bond, SmartSave increased its rate earlier this week, again resulting in it offering a new top rate. For savers looking for a notice account, OakNorth Bank increased the rate on some of its notice accounts today, with its 120 day notice account now taking the top spot in our notice chart.

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 1pm on Friday 27 August 2021, but can change at any time.

The best fixed rate bonds savings rates

 

Provider

Account

Term

Rate AER

 

Zopa

5 Year Fixed Term Savings

Five years

1.81%

Find out more

QIB (UK)

Raisin UK - 3 Year Fixed Term Deposit

Three years

1.77% (expected profit rate)

Go to provider’s site

QIB (UK)

Raisin UK - 2 Year Fixed Term Deposit

Two years

1.70% (expected profit rate)

Go to provider’s site

SmartSave

1 Year Fixed Rate Saver

One year

1.41%

Find out more

 

This week Zopa increased the rates on its range of fixed rate bonds, resulting in it topping the chart overall with its 5 Year Fixed Term Savings account paying 1.79% gross monthly. Savers should be aware that although interest is added to this account monthly it is only available on maturity. It requires a £1,000 minimum deposit to open and it must be opened online, but can then be managed online and via mobile app.

QIB (UK) also increased the rates on its fixed rate bonds this week, resulting in it topping both the three and two year charts. QIB (UK) pays an expected profit rate of 1.77% gross on maturity on its Raisin UK – 3 Year Fixed Term Deposit and an expected profit rate of 1.70% gross on maturity on its Raisin UK – 2 Year Fixed Term Deposit. Both accounts require a £1,000 minimum deposit to open and benefit from Raisin UK offering a welcome bonus of £50 that can be claimed when savers open their first savings account via its website (terms and conditions apply). These accounts must be opened online but can be managed online, by post and by phone.

The top rate in the one year fixed bond rate this week came from SmartSave, which pays 1.41% gross on anniversary on its 1 Year Fixed Rate Saver. This account requires a £10,000 minimum deposit to open. It can only be opened and managed online.

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

Cynergy Bank

Online Easy Access Account (Issue 41)

Unlimited via a nominated account

0.60%, including a 0.30% bonus for 12 months

Find out more

Investec Bank plc

Online Flexi Saver

Unlimited

0.58%

Go to provider’s site

 

Tandem Bank remained at the top of the easy access savings chart this week paying 0.65% gross monthly on its Green Instant Access Saver. 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.

The next-best easy access savings rates came from Cynergy Bank this week, which pays 0.60% gross on anniversary, which includes a 0.30% bonus for 12 months on its Online Easy Access Account (Issue 41). The account requires a £1 minimum deposit to open, as well as a Cynergy Bank Authenticator App or Digipass to both open and manage the account. It allows further additions and withdrawals are permitted via a nominated account. It must be opened and managed online.

Investec Bank plc had the third-best rate easy access savings account this week paying 0.58% gross monthly on its Online Flexi Saver, which requires a £5,000 minimum deposit to open. This account allows further additions and withdrawals. It can only be opened and managed online.

Compare the best easy access savings accounts

The best notice account rates

 

Provider

Account

Notice

Rate AER

 

OakNorth Bank

120 Days Notice Deposit Account

120 days

1.01%

Find out more

DF Capital

120 Day Notice Account (Issue 1)

120 days

1.00%

Find out more

Hampshire Trust Bank
Oxbury Bank

120 Day Notice (Issue 6)
Personal 95 Day Notice Account - Issue 5

120 days
 
95 days

0.90%
 
0.90%

Find out more
 
Find out more

 

New to the top of the notice account chart this week was OakNorth Bank, which pays 1.01% gross on monthly on its 120 Days Notice Deposit Account. This account requires a £1 minimum deposit to open and allows further additions. Withdrawals can be made subject to 120 days’ notice. It can be opened and managed online and via mobile app.

The next-best notice account rate this week was DF Capital’s 120 Day Notice Account (Issue 1), which pays 1.00% gross monthly. A £1,000 minimum deposit is needed to open this account, which allows further additions. Withdrawals can be made subject to 120 days’ notice. It can be opened and managed online.

Two accounts had the third-best notice account rate this week. Hampshire Trust Bank pays 0.90% gross on anniversary on its 120 Day Notice (Issue 6) account, which requires a £1 minimum deposit to open. This account allows further additions via a nominated account and withdrawals can be made via a nominated account and subject to 120 days’ notice. It must be opened online but can then be managed online, by post and by phone. Oxbury Bank pays 0.90% gross monthly on its Personal 95 Day Notice Account – Issue 5. This account requires a £1,000 minimum deposit to open and allows further additions via a nominated account. Withdrawals are permitted via a nominated account and subject to 95 days’ notice. It must be opened online but can then be managed online and via mobile app. When using online banking an Oxbury App is needed.

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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