Compare Best Buys For Your Money
Best Buys
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
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
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.
Why we like it: Tiered interest: £1 to £10,000 – 4.80% Gross/AER, £10,001 to £50,000 – 4.80% Gross/AER, £50,001 to £500,000 – 4.80% Gross/AER. 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
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)
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
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)
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)
Why we like it: Interest paid on maturity. Automatic repayment to your linked account. Maximum deposit £250,000. FSCS Protected. Must have a UK residential address and be aged 18 or older. No withdrawals permitted
Why we like it: Minimum deposit £1,000 - No withdrawals permitted - FSCS Protected
Why we like it: Which? Recommended Savings Provider. Save from £1,000 to £250,000. No withdrawals before the end of the term. Your eligible deposits with RCI Bank UK Limited are protected up to a total of £85,000 by the Financial Services Compensation Scheme (FSCS)
Why we like it: Minimum deposit £1,000 - No withdrawals permitted - FSCS Protected
Instant Access Best Buys
Leeds Building Society »
Leeds Building Society also offer a very competitive instant access account.
- 5.00% AER/Gross pa (variable) interest rate
- Interest is paid annually
- Unlimited payments and withdrawals
- Apply and manage account online
- Minimum deposit - £1,000
- FSCS Protected
Quick online application setup from Leeds Building Society
Chip »
Chip Savings offer a competitive instant access account.
- 4.84% AER/Gross pa (variable) interest rate
- Interest is paid monthly
- Unlimited payments and withdrawals
- Apply and manage account online
- Minimum deposit - £1
- FSCS Protected
Quick online application setup from Chip
Yorkshire Building Society »
Yorkshire Building Society also offer a competitive instant access account.
- 4.80% AER/Gross pa (variable) interest rate for balances over £10,000
- Tiered interest: 4.80% for balances from £1 to £9999, 4.80% £10,000 to £49,999, 4.45% £50,000+
- Interest is paid annually
- Unlimited payments and withdrawals
- Online account
- FSCS Protected
Quick online application setup from Yorkshire Building Society
RCI Bank »
RCI Bank offer an instant access account.
- 4.75% AER/Gross pa (variable) interest rate
- Minimum deposit £1,000
- Interest is paid monthly or annually
- Unlimited payments and withdrawals
- Online account
- FSCS Protected
Quick online application setup from RCI Bank
Post Office Savings »
Post Office Savings also offer an instant access account.
- 4.70% AER/Gross pa (variable) interest rate
- Low minimum deposit £1
- Interest is paid monthly or annually
- Unlimited payments and withdrawals
- After 12 months the rate will revert to the underlying rate, currently 1.18% gross/1.18% AER variable
- Online account
- FSCS Protected
Quick online application setup from Post Office Savings
Investec Bank »
Investec Bank also offer an instant access account.
- 4.70% AER/Gross pa (variable) interest rate
- Interest is paid monthly, either to linked bank account or adding back in
- Unlimited payments and withdrawals
- Minimum deposit - £5,000
- FSCS Protected
Quick online application setup from Investec Bank
Aldermore Bank »
Aldermore Bank also offer an instant access account.
- 4.50% AER/Gross pa (variable) interest rate
- Minimum deposit £1,000
- Interest is paid monthly or annually
- Unlimited payments and withdrawals
- Online account
- FSCS Protected
Quick online application setup from Aldermore Bank
Fixed Rate Best Buys
Investec Bank 1 Year Fixed Rate Bond »
- Fixed 1 Year 5.45% at time of writing
- Interest paid at maturity
- Minimum deposit - £5,000
- FSCS Protected up to £85,000
Quick online application from Investec Bank
Aldermore Bank 1 Year Fixed Rate Bond »
- Fixed 1 Year 5.40% at time of writing
- Interest paid monthly or at maturity
- Minimum deposit - £1,000
- FSCS Protected up to £85,000
Quick online application from Aldermore Bank
RCI Bank 1 Year Fixed Rate Bond »
- Fixed 1 Year 5.20% at time of writing
- Interest paid monthly or at maturity
- Open in single or joint name
- Minimum deposit - £1,000
- FSCS Protected up to £85,000
Quick online application from RCI Bank
RCI Bank 2 Year Fixed Rate Bond »
- Fixed 2 Year 5.20% at time of writing
- Interest paid monthly or annually
- Open in single or joint name
- Minimum deposit - £1,000
- FSCS Protected up to £85,000
Quick online application from RCI Bank
Aldermore Bank 2 Year Fixed Rate Bond »
- Fixed 2 Year 5.10% at time of writing
- Interest paid monthly or annually
- Minimum deposit - £1,000
- FSCS Protected up to £85,000
Quick online application from Aldermore Bank
RCI Bank 3 Year Fixed Rate Bond »
- Fixed 3 Year 5.20% at time of writing
- Interest paid monthly or annually
- Open in single or joint name
- Minimum deposit - £1,000
- FSCS Protected up to £85,000
Quick online application from RCI Bank
Aldermore Bank 3 Year Fixed Rate Bond »
- Fixed 3 Year 5.00% at time of writing
- Interest paid monthly or annually
- Minimum deposit - £1,000
- FSCS Protected up to £85,000
Quick online application from Aldermore Bank
Aldermore Bank 5 Year Fixed Rate Bond »
- Fixed 5 Year 4.65% at time of writing
- Interest paid monthly or annually
- Open in single or joint name
- Minimum deposit - £1,000
- FSCS Protected up to £85,000
Quick online application from Aldermore Bank
RCI Bank 5 Year Fixed Rate Bond »
- Fixed 5 Year 4.50% at time of writing
- Interest paid monthly or annually
- Open in single or joint name
- Minimum deposit - £1,000
- FSCS Protected up to £85,000
Quick online application from RCI Bank
Current Account's
first direct 1st Account »
Get £175 for switching, and then earn 7% AER/gross on linked regular savings account.
- £175 when switching to first direct as a new customer
- 7% AER/gross for 12 months, available to first direct 1st Account customers who open a new Regular Saver account, saving between £25 and £300 per month
- No minimum monthly funding
- No monthly fee
- £250 interest free overdraft (subject to status)
- Money banking app
- UK based contact centre
- FSCS Protected
For more information and to apply for first direct 1st Account
Santander Everyday Account »
Fee free account for everyday needs.
- No minimum monthly funding
- No monthly fee
- Get cashback, vouchers, prize draws and other offers personalised to you when you use Santander Boosts
- Mobile banking app
- Arrange overdraft facility available (subject to status)
- FSCS Protected
For more information and to apply for Santander Everyday Account
Santander Edge Up Account »
3.50% AER interest on balances up to £25,000 and cashback available.
- 3.50% AER/3.45% gross (variable) on balances up to £25,000
- 1% cashback (up to £15 a month) on selected household bills when you pay by Direct Debit
- 1% cashback (up to £15 a month) at supermarkets and on travel costs when you use your debit card (exclusions apply)
- Make international payments with no extra fees
- £5 monthly fee
- Must pay a minimum of £1,500 into the account each month
- Arranged overdraft facility (subject to status)
- FSCS Protected
For more information and to apply for Santander Edge Up Account
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.
Many savings accounts' interest rates are below inflation, 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. We help you compare a selection of some of the best interest paying accounts.
A good instant access savings account will offer flexible withdrawal facilities with good rates of interest, and could be suited to savers looking to access their money regularly.
See here for a comparison of leading UK instant access accounts
