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This comparison simply includes all savings accounts.

FlexDirect Current Account Nationwide
Open With £1000
Account Type Current Account
Interest AER 5.00%

Why we like it: 5.00% interest for 12 months on balances up to £2,500 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. Must be aged 18 or older.

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

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

Habib Bank Zurich
Fixed Rate Bond Habib Bank Zurich
Min deposit £1000
Term 1 Year
Interest AER 1.85%

Why we like it: Minimum deposit £1000. No withdrawals permitted. Apply online. Eligible deposits covered by UK FSCS.

Masthaven Bank
Flexible Term Saver Masthaven Bank
Min deposit £500
Term 30 Months
Interest AER 2.11%

Why we like it: 30 month term. Interest can be paid monthly or annually. Minimum deposit £500, Maximum deposit £250,000. No withdrawals permitted. FSCS Protected

RCI Bank
Fixed Rate Bond RCI Bank
Min deposit £1000
Term 3 Years
Interest AER 2.31%

Why we like it: Save from £1,000 to £1,000,000. No withdrawals before the end of the term. RCI Bank are protected up to a total of €100,000 by the FGDR (Fonds de Garantie Dépôts et de Résolution), the French deposit protection scheme. Apply online.

Fixed Rate Bond Vanquis
Min deposit £1000
Term 4 Years
Interest AER 2.52%

Why we like it: Minimum deposit £1,000. Interest paid monthly or annually. Apply online. Eligible deposits covered by UK FSCS.

Fixed Rate Bond Vanquis
Min deposit £1000
Term 5 Years
Interest AER 2.70%

Why we like it: Minimum deposit £1,000. Interest paid monthly or annually. Apply online. Eligible deposits covered by UK FSCS.

Compare AA savings accounts

Finding the right savings account can affect how quickly your savings grow. Of course, the savings account that works for you will depend on the amount of savings you have, how long you are prepared to put your savings away for and the amount of interest you are looking to receive.

To find the best savings account for your set of circumstances, you should review the accounts available through the AA below.

Current Accounts

A number of high street banks have recently increased their current account interest rates to encourage more customers to switch accounts.

It should be noted that high interest current accounts often have a ceiling over which they will not pay interest. Therefore, for smaller amounts of money a current account could be a good option.

Bear in mind, if you have a substantial amount of savings, you are better off moving anything over the interest-paying limit to a different savings account.

AA do not provide a current account.

Instant Access Savings Accounts

AA currently offer two savings accounts with instant access: the Easy Saver account and the Member Saver account.

The Easy Saver account offers competitive interest whilst giving you the flexibility to withdraw your savings at any time. It should be noted that the interest reverts to an underlying rate after the first year.

The Member Saver account provides a slightly higher rate than the Easy Saver account, however it is exclusively available to AA members.

Cash ISAs

If you have a substantial amount of savings and you are looking to benefit from £20,000 tax-free interest ISA allowance, you could explore the AA ISAs.

The Easy Access ISA from the AA offers the ability to withdraw from your savings and earn tax-free interest, in exchange for a lower interest rate than their other products.

AA also offer 1 or 2 year Fixed Rate ISAs, which offer their highest rate of interest. However, the Fixed Rate ISAs prohibit you from making any withdrawals. Therefore, you should only consider the AA’s fixed rate product if you are confident that you will not need your savings for the duration of the term.

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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We've been comparing savings and current accounts for many years so you can trust you're in good hands.