With the continuing economic uncertainty the savings market has not been offering savers the rates that were available in previous year and with the ongoing rumours of an upcoming base rate cut, along with the fact that in the past week alone 15 providers have reduced rates or withdrawn products and only two providers launching new products, savers could be better off switching savings accounts now than waiting and hoping that rates will improve. So what are the best savings accounts of 2019 so far?
Competition within the ISA market reached its peak during the traditional ISA season in March and April, but there was still strong competition in the market as late as May. In recent months, however, competition within the market has fallen with many providers cutting rates or withdrawing products. Here are the best cash ISA rates currently available:
Competition within the easy access accounts has been particularly fierce this year with several providers offering the top rate for a number of months, resulting in Marcus by Goldman Sachs® no longer dominating the market as it did at the end of 2018. Here’s a quick overview of the best easy access accounts available:
This week Bank of London and The Middle East (BLME), which had been dominating all terms within the fixed rate bond sector, reduced its rates. While this has led to lower rates within the chart, fixed rate bonds still offer the best saving rates available. Here are the top rates currently in the fixed rate bond chart:
Please note that all rates are correct at time of publishing.
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 Any products featured may be withdrawn by their provider or changed at any time.