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 FSCS
Instant access to your savings. Unlimited deposits and withdrawals. Interest paid monthly, either to a linked current account, or adding it to your Online Flexi Saver account. Easy application process, you just need a UK mobile phone and UK driving licence or passport. Manage account online. Maximum balance £250,000. Must be aged 18 or older and have a UK address. Must have a linked UK current account. Your eligible deposits with Investec Bank are protected up to a total of £85,000 by the Financial Services Compensation Scheme (FSCS)
Winner of Platinum Feefo Trusted Service Award in 2024
Why we like it
Unlimited payments and withdrawals. Interest paid annually. Open in a single or a joint name. Maximum deposit £250,000. FSCS Protected. Winner of Platinum Feefo Trusted Service Award in 2024. Must be UK resident and be aged 18 or older
*Headline rate includes a guaranteed fixed bonus rate of 3.00% for the first 12 months (on balances up to £1 million), plus the standard variable rate which is currently 1.15%. After 12 months, you’ll continue to receive the standard variable rate (all rates are Gross/ AER. Annual interest payments. Unlimited deposits and withdrawals (daily limits apply). 24/7 access to your savings through the mobile app. Your eligible deposits held by a UK establishment of Barclays Bank UK PLC are protected up to a total of £85,000 by the Financial Services Compensation Scheme, the UK's deposit guarantee scheme. This limit is applied to the total of any deposits you have with the following: Barclays, Barclays Business Banking, Barclays Premier Banking, Barclays Wealth Management and Tesco Bank. Any total deposits you hold above the limit between these brands are unlikely to be covered
Save from £1. Unlimited payments and withdrawals. Interest paid annually. Open in a single or a joint name. Maximum deposit £500,000. Open and manage account online. FSCS Protected. Must be UK resident. Must be aged 16 or older
Choose monthly or annual interest payments. Unlimited deposits and withdrawals. 24/7 access to your savings. Open and manage online. After 12 months the rate will revert to the underlying rate, currently 1.25% gross/AER variable. Post Office Online Saver is provided by Bank of Ireland UK. Must be UK resident. Must be aged 18 or older. FSCS protected
£500 bonus to boost your savings if you receive a residential purchase mortgage offer from Leeds Building Society
Why we like it
The Home Deposit Saver lets you earn a competitive rate of interest whilst building up the deposit needed for your first or next home. Open and manage online. FSCS Protected. You can only pay in up to £500 in a single month. Withdrawals are limited to 1 each year. You can deposit up to £30,000 in total. Bonus eligibility criteria apply
Interest calculated monthly. Unlimited deposits and withdrawals. Open and manage online. FSCS Protected. Must retain a minimum balance of £20,000 in the account. Must be UK resident and be aged 18 or older
The interest rate tracks the Bank of England (BoE) Base Rate. Interest is calculated on the minimum daily balance and applied to the account on the first day of every subsequent month. Open and manage account online. Your eligible deposits are protected up to £85,000 by the Financial Services Compensation Scheme. The maximum deposit you may pay into any one OakNorth Account is £500,000. The maximum amount (excluding the interest) that you will be allowed to hold on deposit with OakNorth Bank across multiple accounts is also £500,000. Unlimited withdrawals, subject to 95 days notice. Available to individuals, aged 18 or over, who are UK residents
Unlimited deposits and withdrawals. Interest paid monthly: can be added to your Notice Saver or paid to your linked account. Easy application process, you just need a UK mobile phone and UK driving licence or passport. Manage account online. Maximum balance £250,000. Withdrawals subject to 90 days notice. Must have a linked UK current account
As one of the UK’s best known high street banks, Barclays offers a range of different products aimed at savers. Which account will be the best fit for you depends on your personal financial circumstances and savings aspirations. Before you make a decision, you need to make sure you are clear on all the different types of savings accounts Barclays offers and their relative merits.
For small sums of money, current accounts usually offer the most attractive interest rates, but these only apply up to a certain deposit threshold.
If your savings are more than the interest-paying limit on your current account, you will probably benefit from moving the balance of your savings into a different kind of account.
Instant access accounts let you get at your money whenever you need it. You may be given a card to make withdrawals from cash machines or else need to make withdrawals and transfers in a branch, online or over the phone.
There tends to be a limit on the number of times you can take money out each year, and if you exceed this limit you will usually have to give up some of your interest.
If you want to put a little bit aside each month, a regular savings account could be ideal. They usually give decent interest rates, but it can take a while to see the benefit of this, as it often takes a long time to build up a good amount of capital. There may also be a limit to how many withdrawals you can make each year. This means they are generally a better choice for long term saving.
Offering a guaranteed high rate of interest in exchange for locking up your money for a set period, a fixed rate bond can be ideal for depositing larger sums. They usually last for 1 to 5 years and the longer the bond term, the higher the interest rate you are likely to get.
You usually won’t be able to take any money out early if you need it. In the event that you can make an early withdrawal, you will incur a financial penalty. This means you should be very sure of not needing your savings for the length of the bond before investing.
Cash ISAs key selling point is that they allow you to avoid paying tax on the interest you earn on your deposits. The government set a yearly maximum amount that you can place into an ISA, which for the current tax year is £20,000.
The main types of cash ISAs are instant access and fixed term. Instant access allows you to pay in and take out funds whenever you like with a variable interest rate, whereas fixed term give you a guaranteed rate of interest, but you can’t access your money until the ISA runs its course.
Fixed term ISAs usually offer better rates than instant access ISAs, and with both you need to take into account your likely tax savings when comparing this against the interest offered on other types of accounts.
Find the best Barclays savings account for you
With so many different types of savings accounts to pick from, making the right decision can seem impossible. Our savings account comparison table (found at the top of this page) allows you to easily contrast the best deals from a range of providers to find the best fit for you. We update these offers all the time to show the best the market has to offer, so make sure to check back regularly.
