The best savings rates this week 30 7 21 | moneyfacts.co.uk

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Derin Clark

Derin Clark

Online Reporter
Published: 30/07/2021

Rate increases saw new accounts topping the notice account chart, as well as the three, two and one year fixed rate bond charts this week. As well as this, during the week Skipton Building Society launched two easy access savings accounts, which now pay the top rate of 0.60% AER. Further down the charts, banks and building societies have been increasing rates including the Bank of London and the Middle East (BLME), which has increased the rates on its six month, two year, three year and four year fixed rate bonds, while United Trust Bank increased the rates on its one year, 15 month, two year and three year fixed rate bonds.

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

 

JN Bank

Fixed Term Savings Account

Five years

1.70%

Go to provider’s site

Tandem Bank

 

Tandem 3 Year Fixed Saver

 

Three years

1.42%

Find out more

Tandem Bank

 

Tandem 2 Year Fixed Saver

 

Two years

 

1.28%

 

Find out more

Habib Bank Zurich plc
 
 
Gatehouse Bank

HBZ Sirat eDeposit (Islamic Fixed Term Account)
Fixed Term Green Saver

12 months
 
 
 
One year

1.10% (expected profit rate)
 
 
1.10% (expected profit rate)

Go to provider’s site
 
 
Find out more

 

JN Bank topped the fixed rate bond chart this week paying 1.70% gross on anniversary on its Fixed Term Savings Account. This five year term account requires a £1,000 minimum deposit to open. It can only be opened and managed online.

A rate increase today has resulted in Tandem Bank topping the three and two year fixed rate bond charts. Its Tandem 3 Year Fixed Saver pays 1.42% gross on anniversary and Tandem 2 Year Fixed Saver pays 1.28% gross on anniversary. Both accounts require a £1 minimum deposit to open. They can only be opened and managed via mobile app.

Both Habib Bank Zurich plc and Gatehouse Bank paid the top one year fixed bond rate this week. Habib Bank Zurich plc pays an expected profit rate of 1.10% 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 but can then be managed by post. Gatehouse Bank pays an expected profit rate of 1.10% gross on maturity on its Fixed Term Green Saver. To open this account a £1,000 minimum deposit is needed and it benefits from the incentive of Gatehouse Bank planting a tree in a UK woodland when the account is opened and funded. 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

 

Skipton Building Society

Online Triple Access Saver Issue 1

Up to three withdrawals per calendar year

0.60%

Find out more

Skipton Building Society

Triple Access Saver Issue 1

Up to three withdrawals per calendar year

0.60%

Find out more

Coventry Building Society

Limited Access Saver (Online) (5)

Six penalty-free withdrawals per annum, further withdrawals subject to 50 days’ loss of interest

0.55%

Find out more

 

Skipton Building Society was new to the top of the easy access account savings chart this week paying 0.60% gross on its Online Triple Access Saver Issue 1, as well as the offline version, Triple Access Saver Issue 1. Both accounts require a £5,000 minimum deposit to open and allow further additions. Withdrawals are restricted to up to three per calendar year. Online Triple Access Saver Issue 1 can only be opened and managed online, whereas the offline version can be opened and managed in branch, by post and by phone.

The next best easy access savings account rate this week came from Coventry Building Society, which pays 0.55% gross on anniversary on its Limited Access Saver (Online) (5). A £1 minimum deposit is needed to open this account. Further additions can be made, but withdrawals are restricted to six penalty-free withdrawals per annum and then a 50 days’ loss of interest penalty on all further withdrawals. The account must be opened and managed online. There is also a version of this account that pays interest monthly at the same gross rate.

Compare the best easy access savings accounts

The best notice account rates

 

Provider

Account

Notice

Rate AER

 

Allica Bank

95-Day Notice Personal Savings Account (Issue 1)

95 days

0.86%

Find out more

Hampshire Trust Bank

95 Day Notice (Issue 11)

95 days

0.85%

Go to providers site

OakNorth Bank

120 Days Notice Deposit Account

120 days

0.81%

Find out more

 

Topping the notice chart this week was Allica Bank, which pays 0.86% gross on anniversary on its 95-Day Notice Personal Savings Account (Issue 1). This account requires a £10,000 minimum deposit to open and allows further additions. Withdrawals can be made subject to 95 days’ notice. The account can be opened online or via mobile app and then managed by phone and via mobile app.

Hampshire Trust Bank had the next best rate of 0.85% gross which is paid on anniversary on its 95 Day Notice (Issue 11). This account requires a £1 minimum deposit to open. It allows further additions and withdrawals are permitted subject to 95 days’ notice and all transactions must be made via a nominated account. It must be opened online but can then be managed online, by post and by phone.

The third top paying notice account came from OakNorth Bank this week, which pays 0.81% gross monthly on its 120 Day Notice Deposit Account. To open this account a £1 minimum deposit is needed. It allows further additions and withdrawals can be made subject to 120 days’ notice. The account can be opened and managed online and via mobile app.

Compare the best notice accounts

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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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