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.

RCI Bank
Freedom Savings Account RCI Bank
Min deposit £100
Term Instant Access
Interest AER 0.57%

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)

Aldermore
Easy Access Account Aldermore
Min deposit £1000
Term Easy Access
Interest AER 0.5%

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.

Aldermore
Notice Cash ISA Aldermore
Min deposit £1000
Term 30 Day Notice
Interest AER 0.55%

Why we like it: Unlimited withdrawals subject to 30 days notice.

Aldermore
30 Day Notice Account Aldermore
Min deposit £1000
Term 30 Day Notice
Interest AER 0.55%

Why we like it: Unlimited withdrawals subject to 30 days notice.

RCI Bank
95 Day Notice Account RCI Bank
Min deposit £1000
Term 95 Day Notice
Interest AER 0.65%

Why we like it: Unlimited withdrawals subject to 95 days notice.

Aldermore
120 Day Notice Account Aldermore
Min deposit £1000
Term 120 Day Notice
Interest AER 1.10%

Why we like it: Unlimited withdrawals subject to 120 days notice.

Aldermore
Fixed Rate Bond Aldermore
Min deposit £1000
Term 1 Year
Interest AER 1.26%

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 2 Years
Interest AER 1.36%

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

Aldermore
Fixed Rate Bond Aldermore
Min deposit £1000
Term 3 Years
Interest AER 1.40%

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

Aldermore
Fixed Rate Bond Aldermore
Min deposit £1000
Term 4 Years
Interest AER 1.42%

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

Aldermore
Fixed Rate Bond Aldermore
Min deposit £1000
Term 5 Years
Interest AER 1.45%

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

Santander
123 Current Account Santander
Open With £500
Account Type Current Account
Interest AER 0.6%

Why we like it: Earn 0.60% 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.

load more

Scottish Widows Fixed Rate ISA

There are a range of cash ISAs available at the moment each offering a competitive rate of interest.

Many people are opting for current accounts in order to maximise their savings, particularly since the new PSA (Personal Savings Allowance) has allowed lower rate tax payers to save up to £1000 tax-free and higher rate tax payers up to £500.

However, there are still some great options for savers who’d like to put away more money than the current accounts will pay interest on.

It’s also important to remember that ISA allowance limits apply to everyone on an individual basis, so if you’re married or in a relationship, you can both hold your own ISA, each with the full allowance.

Scottish Widows offer a range of ISAs for both personal and non-personal use. If you have a charity or small organisation, then it’s worth checking out their fixed term accounts specially designed for this kind of saving. For personal use they have the E-Cash ISA3, which offers an online fixed term way to save. They offer one and two year fixed terms.

E-CASH ISA 3

Scottish Widow currently only offer an E-Cash ISA as a personal tax-free savings option that is operated via internet banking. The advantage of this is that you can manage your account 24 hours a day, 7 days a week.

Interest is calculated on a daily basis from the day the funds are cleared. It is applied twice a year on 1st  April and 1st October or yearly on 1st April, without tax deducted.

The minimum balance on this ISA is £10, which is a great alternative to a lot of ISAs that require a high minimum deposit of £1000.

They also offer:

  • Inward transfer of cash ISAs (previously known as mini cash ISAs), stocks & shares ISAs and innovative finance ISAs are accepted. To transfer in from another provider you need to complete the ISA transfer instruction form, which they provide
  • Telephone access to customer service team from 8am until 6pm weekdays
  • No hidden costs or charges
  • Able to invest on behalf of your children.

Paying into an ISA is called ‘subscribing’. You can subscribe to one of each type of ISA each tax year, providing you do not subscribe more than your annual ISA allowance. For the 2017/2018 tax year that runs from 6th April 2017 to 5th April 2018 your annual ISA allowance is £20,000.

The annual ISA limit can be found at www.gov.uk/individual-savings-accounts. This amount can be paid into a cash ISA, a stocks & shares ISA, an innovative finance ISA or a combination of the three.

Latest news

Pensioner Bond Maturity - 5 Ideas For Your Cash

From January 2018 over 900,000 people who invested in pensioner bonds will start to see their bonds mature. Savers who have been enjoying 4% pa are going to get a shock when they look for comparable returns from cash in the current market. We have put together 5 ideas for your cash in 2018

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.