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This comparison simply includes all savings accounts.

RCI Bank
Freedom Savings Account RCI Bank
Min deposit £100
Term Instant Access
Interest AER 1.0%

Why we like it: MARKET LEADING - INSTANT ACCESS DEAL OF THE MONTH. No notice period. Deposit from £100. Interest paid monthly or annually. Apply in minutes.

Aldermore
Aldermore Bank Easy Access Account Aldermore
Min deposit £1000
Term Easy Access
Interest AER 1.0%

Why we like it: EASY ACCESS TOP SELLER: Earn 1.00% gross/AER on balances from £1,000 to £1 million. Guaranteed to be at least 0.50% above Base Rate until 31 December 2017. Unlimited withdrawals without restriction or loss of interest.

Santander
123 Current Account Santander
Open With £1000
Account Type Current Account
Interest AER 1.5%

Why we like it: BEST SELLING CASHBACK CURRENT ACCOUNT. Earn 1.50% AER (variable) interest on balances from £3,000 up to a maximum of £20,000. Up to 3% CASHBACK on various household bills. Monthly fee of £5. Must pay in £500 pm.

TSB
Classic Plus Current Account TSB
Open With £500
Account Type Current Account
Interest AER 5.0%

Why we like it: MARKET LEADING - CURRENT ACCOUNT DEAL OF THE MONTH. Access to your money at any time. Earn 5.00% interest on in-credit balances of up to £2,000. Interest paid monthly. Terms & conditions apply. No monthly account fee.

Vanquis
Fixed Rate Bond Vanquis
Min deposit £1000
Term 3 Years
Interest AER 1.56%

Why we like it: Minimum deposit £1,000. Interest paid monthly or annually. Apply online. Eligible deposits covered by UK FSCS.

Aldermore
Fixed Rate Cash ISA Aldermore
Min deposit £1000
Term 3 years
Interest AER 1.4%

Why we like it: Withdraw cash early if you need to (subject to loss of interest).

Vanquis
Fixed Rate Bond Vanquis
Min deposit £1000
Term 2 Years
Interest AER 1.4%

Why we like it: Minimum deposit £1,000. Interest paid monthly or annually. Apply online. Eligible deposits covered by UK FSCS.

Aldermore
Fixed Rate Cash ISA Aldermore
Min deposit £1000
Term 2 Years
Interest AER 1.2%

Why we like it: Withdraw cash early if you need to (subject to loss of interest).

Vanquis
Fixed Rate Bond Vanquis
Min deposit £1000
Term 1 Year
Interest AER 1.15%

Why we like it: Minimum deposit £1,000. Interest paid monthly or annually. Apply online. Eligible deposits covered by UK FSCS.

Aldermore
Fixed Rate Cash ISA Aldermore
Min deposit £1000
Term 1 Year
Interest AER 1.1%

Why we like it: Withdraw cash early if you need to (subject to loss of interest).

AA
Easy Access Cash ISA AA
Min deposit £100
Term Instant Access
Interest AER 1.05%

Why we like it: INSTANT ACCESS CASH ISA DEAL OF THE MONTH: Minimum deposit £100. Rate includes 0.85% bonus for 12 months. Transfer in ISAs held elsewhere - no limit. Eligible deposits covered by UK FSCS.

Finding A Better Savings Deal

With UK savings rates at an all time low you need to take action to ensure your savings are getting the best interest deal possible.

With inflation running at over 0.5% as at August 2016 many accounts are offering rates below this level which means people's savings are being eroded in real terms. While there are many savings accounts on the market, many do not offer much of a financial advantage as they offer interest that only matches the base rate set by the Bank of England – currently around 0.25%. We help you compare a selection of some of the best interest paying accounts. 

For savers looking to access their money regularly, a good instant access savings account will offer flexible withdrawal facilities while combining these with a good rate of interest. If you are happy to lock your money away for a fixed term, fixed rate bonds or notice accounts offer better long-term rates of interest; such accounts generally do not allow savers to take money out until the bond has matured or provide restrictions on withdrawals and may apply penalties. The ability to access funds at short notice can be very helpful.

Surprisingly some of the best paying interest accounts available are current accounts. While many current accounts pay no interest at all, some pay up to 5% interest. Switching to a new current account is much quicker than it used to be. In September 2013 "7 Day Switching" was introduced - as long as your existing bank is signed up moving account should be painless. For latest current account deals use the dropdown menu and select high interest current accounts.

In the last few years we have seen the emergence of Peer to Peer accounts providing a way for savers to earn high levels of interest as high as 7%. Often referred to as crowd funding peer to peer websites bring together borrowers looking to get low rates on loans with savers looking to get a higher return on their savings. Peer to peer is regulated by the Financial Conduct Authority. For latest peer to peer deals use the dropdown menu and select peer to peer.  

Latest news

Are you getting 10% on your savings?

In these low interest times getting a decent rate of return on your cash is not easy. Surprisingly some of the best interest rates are available via current accounts.

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Simplysavingsaccounts.co.uk is a trading style of Fair Investment Company Ltd.

We've been comparing savings and current accounts for many years so you can trust you're in good hands.