Compare Best Buys For Your Money
Best Buys
Why we like it: Balances from £1,000 to £1 million. Unlimited withdrawals without restriction or loss of interest. Eligible deposits covered by UK FSCS.
Why we like it: Make up to three withdrawals during the 12-month term of this account. Open with £1. Manage your account online. Interest paid at maturity. FSCS Protected. Must be UK resident and aged 16 or older. Make more than three withdrawals and the rate drops to 0.01% AER/gross p.a. (variable). Not available in branch
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: Unlimited withdrawals subject to 95 days notice.
Why we like it: Save from £5,000 to £500,000. No additional deposits or withdrawals permitted. FSCS Protected
Why we like it: MARKET LEADING. Save from £5,000 to £500,000. No additional deposits or withdrawals permitted. FSCS Protected
Why we like it: MARKET LEADING. Save from £5,000 to £500,000. No additional deposits or withdrawals permitted. FSCS Protected
Why we like it: Which? Recommended Savings Provider. Save from £1,000 to £1,000,000. 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: Which? Recommended Savings Provider. Save from £1,000 to £1,000,000. 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: No minimum monthly funding or monthly fee to maintain the account. Earn up to 15% cashback with Retailer Offers. Stress-free account switching in 7 days with the Current Account Switch Service. £300 ATM withdrawal per day, Arranged Overdraft facility (subject to status). Online and Mobile Banking with text and email alerts. Must be 18 or older and live in the UK permanently. 39.94% EAR overdraft charge. Bank is registered with the Financial Services Compensation Scheme (FSCS), so any money you keep will be fully protected, up to £85,000
Why we like it: *2.00% interest for 12 months on balances up to £1,500 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. Access to Flexclusives - Select Credit Card and low personal loan rate. Must be aged 18 or older
Why we like it: Earn 0.30% AER (variable) interest on balances up to a maximum of £20,000. Up to 3% CASHBACK on various household bills. Monthly fee of £5. Cashback capped at £5 for each cashback tier each month. Must pay in £500 pm.
Instant Access Best Buys
Aldermore Bank »
Aldermore Bank offers a market leading instant access savings account.
- 0.50% AER/Gross pa (variable) interest rate
- Interest is paid monthly
- Unlimited deposits and withdrawals
- Online account
- Minimum deposit - £1,000
- FSCS Protected
Quick online application setup from Aldermore Bank
RCI Bank »
RCI Bank offers a competitive instant access savings account.
- 0.40% AER/Gross pa (variable) interest rate
- Interest is paid monthly or annually
- Withdrawals - Unlimited & no penalties
- Online account
- Minimum deposit - £100
- FSCS Protected
Quick online application setup from RCI Bank
Fixed Rate Best Buys
Access Bank 1 Year Fixed Rate Bond »
- Fixed 1 Year 0.59% at time of writing
- Interest paid annually
- Open online
- Minimum deposit - £5,000
- FSCS Protected up to £85,000
Quick online application from Access Bank
Access Bank 2 Year Fixed Rate Bond »
- Fixed 2 Year 0.70% at time of writing
- Interest paid annually
- Open online
- Minimum deposit - £5,000
- FSCS Protected up to £85,000
Quick online application from Access Bank
Access Bank 3 Year Fixed Rate Bond »
- Fixed 3 Year 0.80% at time of writing
- Interest paid annually
- Open online
- Minimum deposit - £5,000
- FSCS Protected up to £85,000
Quick online application from Access Bank
High Interest Current Account
Nationwide FlexDirect Current Account »
Whilst general interest rates are low some banks and building societies are offering high interest current accounts as an alternative. Nationwide's FlexDirect Current Account offers a rate of 2.00% AER for savings.
- Fixed interest on balances up to £1,500 - 2.00% AER
- No monthly fee
- No fees on arranged overdrafts for the first 12 months
- Must pay in £1,000 per month
- FSCS Protected
For more information and to apply for Nationwide FlexDirect Account
Santander 123 Account »
Santander's 123 Current Account also offer a competitive rate of 0.60% AER for savings.
- Fixed interest on balances up to £20,000 - 0.60% AER
- £5 monthly fee
- Up to 3% cashback on household bills
- Must pay in £500 per month
- FSCS Protected
For more information and to apply for Santander 123 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
