This website uses cookies to improve user experience. By using our website you consent to all cookies in accordance with our Cookie Policy. Read more

This comparison simply includes all savings accounts.

Nationwide
FlexDirect Current Account Nationwide
Open With £1000
Account Type Current Account
Interest AER 5.00%

Why we like it: BEST SELLING NO FEE CURRENT ACCOUNT. 5.00% interest for 12 months on balances up to £2,500 for the first year. You must pay in £1,000 or more each month to receive interest (excluding transfers from any Nationwide account held by you or anyone else). 12 month fee-free arranged overdraft available. No monthly fee. Must be aged 18 or older.

RCI Bank
Freedom Savings Account RCI Bank
Min deposit £100
Term Instant Access
Interest AER 1.00%

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.

TSB
Classic Plus Current Account TSB
Open With £500
Account Type Current Account
Interest AER 5.00%

Why we like it: MARKET LEADING NO FEE CURRENT ACCOUNT. 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.

AA
Easy Access Cash ISA AA
Min deposit £100
Term Instant Access
Interest AER 0.75%

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.

Masthaven Bank
Fixed Rate Bond Masthaven Bank
Min deposit £500
Term 5 Years
Interest AER 2.01%

Why we like it: 5 year term. Interest can be paid monthly or annually. Minimum deposit £500, Maximum deposit £250,000. No withdrawals permitted. FSCS Protected

Vanquis
Fixed Rate Bond Vanquis
Min deposit £1000
Term 4 Years
Interest AER 1.80%

Why we like it: 4 YEAR FIXED RATE BOND DEAL OF THE MONTH: Minimum deposit £1,000. Interest paid monthly or annually. Apply online. Eligible deposits covered by UK FSCS.

Masthaven Bank
Fixed Rate Bond Masthaven Bank
Min deposit £500
Term 3 Years
Interest AER 1.61%

Why we like it: 3 year term. Interest can be paid monthly or annually. Minimum deposit £500, Maximum deposit £250,000. No withdrawals permitted. FSCS Protected

Masthaven Bank
Fixed Rate Bond Masthaven Bank
Min deposit £500
Term 2 Years
Interest AER 1.53%

Why we like it: 2 year term. Interest can be paid monthly or annually. Minimum deposit £500, Maximum deposit £250,000. No withdrawals permitted. FSCS Protected

Santander
123 Current Account Santander
Open With £1000
Account Type Current Account
Interest AER 1.50%

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.

Masthaven Bank
Fixed Rate Bond Masthaven Bank
Min deposit £500
Term 1 Year
Interest AER 1.35%

Why we like it: 1 year term. Interest can be paid monthly or annually. Minimum deposit £500, Maximum deposit £250,000. No withdrawals permitted. FSCS Protected

B
Current and Savings Account B
Open With £1
Account Type Current Account
Interest AER 0.75%

Why we like it: INNOVATIVE NEW BANKING SERVICE powered by Clydesdale and Yorkshire Banks. Get your current account and instant access savings account working together. Earn 0.75% AER on ALL instant access credit balances and 0.25% AER on current account balances up to £2,000. Fee free

Aldermore
Fixed Rate Cash ISA Aldermore
Min deposit £1000
Term 1 Year
Interest AER 0.95%

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

load more

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.

Newsletter signup

Sign up to our Newsletter to get exclusive news and offers direct to your inbox.

Let's get social now! Twitter Facebook

About us

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.