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This comparison simply includes all savings accounts.

RCI Bank
Freedom Savings Account RCI Bank
Min deposit £100
Term Instant Access
Interest AER 1.30%

Why we like it: No notice period. Deposit from £100. Interest paid monthly or annually. Apply in minutes.

Ford Money
Flexible Saver Ford Money
Min deposit £1
Term Instant Access
Interest AER 1.29%

Why we like it: Open with £1. Unlimited deposits and withdrawals. Open an account singly or jointly. Interest can be paid monthly or annually. Eligible deposits covered by UK FSCS.

Aldermore
Easy Access Account Aldermore
Min deposit £1000
Term Easy Access
Interest AER 1.25%

Why we like it: Earn 1.00% gross/AER on balances from £1,000 to £1 million. Unlimited withdrawals without restriction or loss of interest.

Oak North
Easy Access Account Oak North
Min deposit £1000
Term Instant Access
Interest AER 1.15%

Why we like it: Unlimited deposits and withdrawals. Save from £1,000 to £250,000. Interest paid monthly. Eligible deposits covered by UK FSCS.

Masthaven Bank
Flexible Term Saver Masthaven Bank
Min deposit £500
Term 6 Months
Interest AER 1.60%

Why we like it: 6 month term. Interest can be paid monthly or annually. Minimum deposit £500, Maximum deposit £250,000. No withdrawals permitted. FSCS Protected

Ford Money
Fixed Saver Ford Money
Min deposit £500
Term 1 Year
Gross AER 2.00%

Why we like it: Minimum deposit £500. Open an account singly or jointly. Interest can be paid monthly or annually. Eligible deposits covered by UK FSCS.

Axis Bank
Fixed Rate Bond Axis Bank
Min deposit £1000
Term 2 Years
Interest AER 2.24%

Why we like it: Interest can be paid monthly, quarterly or at maturity - Minimum deposit £1,000 - Maximum deposit £200,000 - No withdrawals permitted - FSCS Protected

Masthaven Bank
Fixed Rate Bond Masthaven Bank
Min deposit £500
Term 3 Years
Interest AER 2.36%

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
Flexible Term Saver Masthaven Bank
Min deposit £500
Term 4 Years
Interest AER 2.53%

Why we like it: 4 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 5 Years
Interest AER 2.69%

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

1. POST OFFICE MONEY Online Saver »

The Post Office is one of the best-known brands in the country with over 11,500 branches.

Their Online Saver is one of our most popular instant access accounts:

  • Competitive interest rate: 1.30% AER/Gross pa (variable)
  • Interest paid monthly or annually
  • Unlimited withdrawals
  • Manage online or via the Post Office app
  • Start from just £1
  • Maximum deposit - £2 million
  • FSCS Protected

Quick online application from Post Office Money

2. RCI BANK »

Market leading RCI Bank offers a competitive instant access savings account.

  • Highest UK rate on instant access savings 1.30% AER/Gross pa (variable)
  • Interest is paid monthly or annually
  • Withdrawals - Unlimited & no penalties
  • Online account
  • Minimum deposit - £1
  • Maximum deposit - £1 million
  • FSCS Protected

Quick online application setup from RCI Bank

Fixed Rate Best Buys

Ford motor company have been managing money since 1963. They offer market leading savings accounts which come under the FSCS protection scheme.

3. Ford Money 1 Year Fixed Rate »

Ford Money offers a great 1 year fixed rate.

  • Fixed 1 Year 1.70% AER/Gross pa (variable)
  • Interest is paid monthly or annually
  • Online account
  • Unlimited deposits for first 14 days
  • Minimum deposit - £500
  • Maximum deposit - £2 million
  • FSCS Protected

Quick online application from Ford Money

4. The Access Bank UK 2 Year Fixed Rate »

Access Bank UK Market leading 2 year fixed rate.

  • Fixed 2 Year 2.02% AER/Gross pa (variable)
  • Interest is paid monthly or annually
  • Online account
  • Unlimited deposits for first 14 days
  • Minimum deposit - £5,000
  • Maximum deposit - £2 million
  • FSCS Protected

Quick online application from UK Access Bank

Most people want to earn the highest possible rate of interest on their savings, but it’s not always obvious what the best way to do this is. There are various different options for where to put your savings to earn interest, and which option you should choose will depend on various factors.

When thinking about what kind of savings account to use, ask yourself:

  • How much do you have in savings?
  • What level of interest would you like to earn?
  • What level of risk are you willing to take with your savings?
  • Are you likely to need your savings in the near future?

Once you know the answers to these questions, it should be easier to identify which type of savings account will best suit your needs. Below are some of the most common kinds of accounts used for savings, one or more of which may be the ideal solution for your saving requirements.

Current Accounts

Many savers don’t realise that current accounts often pay some of the highest interest rates on the market. It is therefore usually a good idea to keep at least some of your savings in your current account to get the best overall rate of return.

Current accounts usually have a fairly low threshold above which they pay no interest, however, so if you have significant savings you will usually need to find another option for the balance to avoid missing out.

Easy Access Savings Accounts

Easy access savings accounts usually come with variable interest rates and allow you to add or withdraw money whenever you like. They don’t necessarily pay the most competitive rates, but are great for those who want the option to save with flexibility. They usually pay interest on much larger balances than current accounts.

Notice Savings Accounts

Similar to easy access savings accounts, except that they usually offer slightly better interest rates in exchange for you having to give the bank a set amount of notice before withdrawing funds. Notice periods vary, but 30, 60, 90 and 120 days are common.

Fixed Rate Bonds

Fixed rate bonds offer guaranteed rates of interest in exchange for agreeing not to touch your savings for a set period. They usually last for 1, 2, 3 or 5 years and some will allow you to withdraw your money early in exchange for a penalty fee.

ISAs

ISAs allow you to earn interest on your savings tax free on deposits up to a threshold decided each year by the UK government. For the 2017/2018 tax year, the limit is £20,000. There are various types of ISAs, including those offering both fixed and variable rates, plus various specialist ISAs.

Compare all high interest savings accounts

With so many different types of savings accounts and lenders to choose from, knowing where the best place to put your savings can be difficult.

The savings account comparison table at the top of this page lets you quickly and easily compare top savings accounts from all the leading providers. This offers a simple way to find the best deal for you, allowing you to start earning a good rate of return on your savings.

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

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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.