Monthly Interest Savings Accounts | moneyfacts.co.uk

Monthly Interest Savings Accounts

  - Find the best monthly interest savings accounts using our independent best buys if you want to receive monthly interest payments.
Also look at:

Compare the Best Monthly Interest Accounts

Compare
Up to 3 products
side by side
AER Notice / Term Minimum Investment Account Opening Search all 1763 accounts
 

1.67%
95 Day £1000
  1. Yes
  2. No
  3. No
  4. No
Details...  

1.66%
120 Day £500
  1. Yes
  2. No
  3. No
  4. No
Details...  

1.53%
expected rate
120 Day £1000
  1. Yes
  2. No
  3. No
  4. No
Details...  

1.51%
120 Day £1000
  1. Yes
  2. No
  3. No
  4. No
Details...
Go to Site
 

1.46%
60 Day £1000
  1. Yes
  2. No
  3. No
  4. No
Details...  

1.45%
60 Day £1000
  1. Yes
  2. Yes
  3. Yes
  4. No
Details...  

1.40%
95 Day £5000
  1. Yes
  2. No
  3. No
  4. No
Details...
Go to Site
 

1.36%
30 Day £1000
  1. Yes
  2. No
  3. No
  4. No
Details...  

1.32%
90 Day £1000
  1. Yes
  2. No
  3. No
  4. No
Details...
Go to Site
 

1.31%
90 Day £10000
  1. Yes
  2. No
  3. No
  4. No
Details...  
  Sponsored Products  

1.30%
None £100
  1. Yes
  2. No
  3. No
  4. No
Details...
Go to Site
 

Moneyfacts.co.uk Best Buys show the best products chosen by our independent experts. Where we have been able to we have also provided a link for you to open an account today. Products shown with a yellow background are sponsored products.

Eligible deposits with UK institutions are protected by the Financial Services Compensation Scheme up to a maximum level of protection of £85,000 per person per institution.

Disclaimer:
All rates subject to change without notice. Please check all rates and terms before investing or borrowing.
Search All Savings Accounts >>
 
Free Brochures and Guides

Monthly interest savings accounts explained

  • Good if you use your savings interest to supplement your income
  • Fixed and variable rate accounts can pay interest monthly, as well as cash ISAs

The main reason you might want to have your interest paid monthly is to use this interest to top up your monthly income. Alternatively, some people like to see interest applied to their account more regularly, rather than every year, so that they have an appreciation of how their savings are growing.

Not all savings accounts and cash ISAs offer the option to pay you interest monthly. This best buy table shows the best variable rate accounts that do, with fixed rate monthly accounts and cash ISAs available on our whole market savings search.

Most monthly interest savings accounts offer the option to either have your interest kept in the account (where it then benefits from compound interest and helps to grow your savings pot), or to have it paid into a separate account, such as your bank account where you can make use of it in your day-to-day finances.

WarningSome monthly interest accounts may only allow the interest to be paid to a separate account so watch out for this.

Use your savings interest for income? Make sure you:

  • Use your cash ISA allowance (deposit up to £20,000 in 2018/19)
    Savings in a cash ISA earn tax-free interest, so it can really boost your monthly income if you’re a taxpayer. You are limited to £1,000 tax-free interest on savings held outside an ISA, but all ISA interest is tax-free. Search for monthly interest cash ISAs.
  • Consider fixed rate bonds and fixed rate cash ISAs
    If you can do without access to your money, fixed rate bonds or fixed rate cash ISAs tend to pay higher rates of interest than the best variable rate monthly interest savings accounts. Search for monthly interest fixed rate bonds.

What next?

Search all monthly interest savings accounts & ISAs

Guide to monthly interest accounts
Savings guides

 

 
6 of the best two-year bonds
6 of the best two-year bonds

Fixed rate bonds are still the best way to secure a guaranteed return on your savings, but given ong... More

A fifth of parents not saving for the future
A fifth of parents not saving for the future

New research has found that 20% of parents aren’t saving money for their children’s future, with man... More

Cash ISA renaissance boosting account options
Cash ISA renaissance boosting account options

Savers currently have more accounts to choose from than at any time in the last five-and-a-half year... More

6 of the best notice savings accounts
6 of the best notice savings accounts

Notice accounts offer an attractive alternative for savers who want a higher rate than can be found ... More

One-year bonds reach two-year high
One-year bonds reach two-year high

Inflation remained at 2.4% for June, with 17 savings accounts (based on a £10k deposit) that can mat... More

Sharia’a compliant savings accounts
Sharia’a compliant savings accounts

Islamic savings accounts offer a Sharia’a-compliant way of saving for Muslims living in the UK, as w... More

Depositor protection schemes if a bank goes bust
Depositor protection schemes if a bank goes bust

Find out where your bank or building society is licenced, and what deposit protection guarantees you... More

Is now the time to fix your savings rate?
Is now the time to fix your savings rate?

With some forecasters predicting interest rate cuts by November 2012, we look at the pros and cons o... More

Gatehouse’s top 3 and 5-yr fixed bonds
Gatehouse’s top 3 and 5-yr fixed bonds

Gatehouse Bank has increased selected rates by up to 0.23%, which sees its two-year fixed bond move ... More

Atom’s 1 and 2-yr fixed bonds now number one
Atom’s 1 and 2-yr fixed bonds now number one

Atom Bank has increased selected fixed bond rates by up to 0.10%, which sees its one and two-year de... More

Tesco’s easy access saver now no. 2 with a bonus
Tesco’s easy access saver now no. 2 with a bonus

Tesco Bank has increased the rate on its easy access account with a bonus by 0.13%, which sees it ta... More

Shawbrook’s 2yr fixed bond enters Best Buys
Shawbrook’s 2yr fixed bond enters Best Buys

Shawbrook Bank has increased the rate on its two-year fixed rate bond by 0.17%, which sees it enter ... More

Improved notice account now number one
Improved notice account now number one

Charter Savings Bank has increased the rate on its 95-day notice account by 0.16%, which sees it ris... More

Close