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This comparison simply includes all savings accounts.

Nationwide
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.

Vanquis
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.

Vanquis
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 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

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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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.