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This comparison simply includes all savings accounts.

Leeds Building Society
Limited Issue Online Access Account Leeds Building Society
Min deposit £1000
Term Instant Access
Interest AER 4.85%

Why we like it: Interest paid annually. Unlimited deposits and withdrawals. Open and manage online. FSCS Protected. Must be UK resident and be aged 18 or older

Wombat Invest
GB Bank Base Rate Tracker Savings Account brought to you by Wombat Invest
Min deposit £500
Term Easy Access
Interest AER 4.91%

Why we like it: Easy access savings account that tracks the Bank of England base rate. Wave goodbye to the constant cycle of account hopping and forget waiting for banks to pass on higher interest rates. Interest rate moves with the Bank of England base rate, guaranteeing a fixed margin of up to 0.5% below, and adjusts the very next day. Easy access to your money with once a month withdrawals, without notice and without fees. Earn daily interest on your money, and experience the power of compounding to make your savings work harder. Maximum deposit £250,000. Wombat has partnered with GB Bank to bring you the Base Rate Tracker. GB Bank is an award-winning, fully authorised and regulated UK bank. FSCS eligible on your deposits. Must be UK resident. Must be aged 18 or older

Chip
Instant Access Account Chip
Min deposit £1
Term Instant Access
Interest AER 4.84%

Why we like it: A new savings account from Chip built to move with the Bank of England and reward you faster than the banks. Interest paid monthly. Deposit and withdraw almost instantly. No fees or charges for holding account. FSCS eligible on your deposits. Must be UK resident. Must be aged 18 or older.

Yorkshire Building Society
Easy Access Saver Yorkshire Building Society
Min deposit £1
Term Instant Access
Interest AER 4.80%

Why we like it: Save from £1. Unlimited payments and withdrawals. Interest paid annually. Open in a single or a joint name. Maximum deposit £500,000. Open and manage account online. FSCS Protected. Must be UK resident. Must be aged 16 or older

Post Office
Online Saver Account Post Office
Min deposit £1
Term Instant Access
Interest AER 4.75%

Why we like it: Choose monthly or annual interest payments. Unlimited deposits and withdrawals. 24/7 access to your savings. Open and manage online. After 12 months the rate will revert to the underlying rate, currently 1.55% gross/AER variable. Post Office Online Saver is provided by Bank of Ireland UK. Must be UK resident. Must be aged 18 or older. FSCS protected

RCI Bank
Freedom Savings Account RCI Bank
Min deposit £100
Term Instant Access
Interest AER 4.75%

Why we like it: Which? Recommended Savings Provider. No notice period. Deposit from £100. Interest paid monthly or annually. Apply in minutes. Your eligible deposits with RCI Bank UK Limited are protected up to a total of £85,000 by the Financial Services. Compensation Scheme (FSCS)

Investec Savings
Online Flexi Saver Investec Savings
Min deposit £5000
Term Instant Access
Interest AER 4.70%

Why we like it: Instant access to your savings. Unlimited deposits and withdrawals. Interest paid monthly, either to a linked current account, or adding it to your Online Flexi Saver account. Easy application process, you just need a UK mobile phone and UK driving licence or passport. Manage account online. Maximum balance £250,000. Must be aged 18 or older and have a UK address. Must have a linked UK current account. Your eligible deposits with Investec Bank are protected up to a total of £85,000 by the Financial Services Compensation Scheme (FSCS)

RCI Bank
E-Volve 14 Day Notice Account RCI Bank
Min deposit £1000
Term 14 Day Notice
Interest AER 4.80%

Why we like it: All funds deposited into the RCI Bank E-Volve Savings 14 Day Notice Account will be used to fund pure electric vehicles and charging facilities. Interest paid monthly or annually. Manage account online. UK-based support, seven days a week. Which? Recommended Savings Provider. Unlimited withdrawals subject to 14 days notice. Must be UK resident. Must be aged 18 or older. Your eligible deposits with RCI Bank UK Limited are protected up to a total of £85,000 by the Financial Services Compensation Scheme (FSCS)

Investec Savings
90 Day Notice Account Investec Savings
Min deposit £5000
Term 90 Day Notice
Interest AER 5.25%

Why we like it: Unlimited deposits and withdrawals. Interest paid monthly: can be added to your Notice Saver or paid to your linked account. Easy application process, you just need a UK mobile phone and UK driving licence or passport. Manage account online. Maximum balance £250,000. Withdrawals subject to 90 days notice. Must be aged 18 or older and have a UK address. Must have a linked UK current account

Aldermore
Fixed Rate Bond Aldermore
Min deposit £1000
Term 9 Months
Interest AER 5.05%

Why we like it: 9 month term, minimum deposit £1,000, no withdrawals permitted. FSCS Protected

Aldermore
Fixed Rate Bond Aldermore
Min deposit £1000
Term 1 Year
Interest AER 5.11%

Why we like it: 1 year term, minimum deposit £1,000, no withdrawals permitted. FSCS Protected

Aldermore
Fixed Rate Bond Aldermore
Min deposit £1000
Term 18 Months
Interest AER 4.65%

Why we like it: Minimum deposit £1,000 - No withdrawals permitted - FSCS Protected

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The Royal Bank of Scotland is offering £200 in cash as a reward for switching to their bank. The offer applies to their Select and Reward Current Accounts. So, here’s everything you need to know about their bank switch offers and how to open a new bank account with RBS.



RBS Select Current Account

Of course, the primary benefit of the RBS Select Account bank switch offer is the £200 cash bonus. However, RBS is offering a few more incentives for choosing this current account, such as:

  • £0.01 minimum opening balance
  • £0 account fees
  • 0% AER interest (annual equivalent rate)

The RBS Select Current Account also gives you access to their Digital Regular Saver. The top rate of interest on this savings account for balances up to £5,000, and the £200 cash reward create a total earning of £508.50 in one year.

RBS Select Account bank switch offer requirements

 Put down a minimum deposit of £1,250

  • Log in to the RBS app within 60 days
  • Apply using the RBS mobile banking app or website (app eligibility criteria apply)

The Royal Bank of Scotland will pay £200 into your new bank account by within 7 days if you meet their criteria for a current account switch.

RBS Reward Current Account

Similar to their Select Current Account, the Royal Bank of Scotland is also offering the £200 cash incentive for switching to their Reward Current Account. This deal also includes up to £5 per month as cashback. Unlike the Select Account, the Reward Current Account does come with a £2 per month fee, meaning you will make £3 per month from their cashback offer.

You can make a total of £236 (inclusive of the account cost) in a year through this bank switch offer. To earn this extra cash through your new bank account, you must:

  • Meet the RBS eligibility requirements
  • Arrange two or more direct debit payments of at least £2
  • Log in to the RBS banking app at least once a month

RBS Reward Account bank switch offer requirements

  • Minimum payment of £1,250 a month
  • Only eligible for one payment for joint account holders
  • Not eligible if you switch in an RBS branch or on a phone call
  • Excluded if you have already used a bank switch offer from RBS, NatWest or Ulster Bank 

Switching to a new RBS Current Account

Before you make the switch to a new bank account, you should compare the differences between the RBS Select and Reward Current Account deals. Take time to consider which plan best suits your long-term financial needs. Once you have chosen your current account, you can sign up online or on the RBS banking app.

Next, the Current Account Switch Service will put your old bank in contact with RBS to begin the transfer process. As part of the Current Account Switch Guarantee, your new bank account will be ready to use within seven working days. It is recommended not to arrange new payments during the switching period as they will not be carried over to your new current account.

On your end, you will be required to complete a current account application form. You must provide RBS with two suitable documents which prove your identity and address, such as your passport, ID, utility bills or payslips. Then, RBS will conduct a credit check. They will also ask you to nominate a switch date that is at least seven working days ahead of the bank switch.

Factors to consider when opening an RBS current account

  • You will need to redirect ongoing payments that are linked to your debit card, not your account
  • You can switch from a sole to a joint account, but not from a joint to a sole account
  • Savings accounts, ISAs and credit cards will not be transferred, but savings products linked to your old current account may be lost
  • Application rejections or opening multiple new bank accounts in a short timespan may negatively affect your credit score






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