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This comparison simply includes all savings accounts.

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.

Nationwide
Triple Access Online Saver Nationwide
Min deposit £1
Term 1 Year, with three free withdrawals
Interest AER 0.5%

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

RCI Bank
Freedom Savings Account RCI Bank
Min deposit £100
Term Instant Access
Interest AER 0.4%

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)

RCI Bank
95 Day Notice Account RCI Bank
Min deposit £1000
Term 95 Day Notice
Interest AER 0.45%

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

The Access Bank UK
Fixed Rate Bond The Access Bank UK
Min deposit £5000
Term 1 Year
Interest AER 0.59%

Why we like it: Save from £5,000 to £500,000. No additional deposits or withdrawals permitted. FSCS Protected

The Access Bank UK
Fixed Rate Bond The Access Bank UK
Min deposit £5000
Term 2 Years
Interest AER 0.7%

Why we like it: MARKET LEADING. Save from £5,000 to £500,000. No additional deposits or withdrawals permitted. FSCS Protected

The Access Bank UK
Fixed Rate Bond The Access Bank UK
Min deposit £5000
Term 3 Years
Interest AER 0.8%

Why we like it: MARKET LEADING. Save from £5,000 to £500,000. No additional deposits or withdrawals permitted. FSCS Protected

RCI Bank
Fixed Rate Bond RCI Bank
Min deposit £1000
Term 4 Years
Interest AER 0.9%

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)

RCI Bank
Fixed Rate Bond RCI Bank
Min deposit £1000
Term 5 Years
Interest AER 0.95%

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)

Santander
Everyday Current Account Santander
Open With £1
Account Type Current Account
Features Fee FREE Account Earn up to 15% cashback

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

Nationwide
FlexDirect Current Account Nationwide
Open With £1000
Account Type Current Account
Features 2% AER Interest (T&Cs)* Fee Free Account

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

Santander
123 Current Account Santander
Open With £500
Account Type Current Account
Features For Children 18 or younger 13 3% AER Interest (T&Cs)

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.

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Compare Bank of China savings accounts

When looking for a savings account, you need to find the one that suits you the best to help your savings grow as fast as possible.

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, will heavily determine your decision.

Below are some of the best savings options on offer from the Bank of China.

Current Accounts

Traditionally, current accounts have had some of the lowest interest rates on the market. However, there are some banks that have hiked their current account interest rate to inspire new custom.

The high interest current accounts usually come with requirements such as a minimum monthly balance and a compulsory number of direct debits. In addition, there is often a threshold over which the current account will not pay interest.

Therefore, if you have savings over the interest-paying limit you might want to deposit the excess capital elsewhere.

The Bank of China currently offer a Foreign Currency Current account, which requires a minimum deposit and balance but pays a competitive interest rate.

Instant Access Savings Accounts

An instant access account may be an attractive option, if you require an account where you can readily access your savings. 

The Bank of China also offer a Foreign Currency Savings account, which allows you to access your savings at your convenience and provides a comparatively high interest rate.

Regular Savings Accounts

Putting away a small amount of money each month can allow you to build up significant savings over time. Regular savings accounts are designed for this approach and tend to offer good interest rates, as long as you can commit to making a minimum deposit each month.

The Bank of China have a range of regular savings accounts called Monthly Deposit Savings Plans. These Plans provide competitive interest but require regular contributions every month. This might not be the best option, if you cannot commit to paying a certain amount into your savings regularly.

Latest news

Top 3 picks for current accounts in 2021

Over 5.1 million UK bank and building society customers have switched their bank accounts using the free (and guaranteed) current account switching service which simplifies the process for customers. Read More »

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