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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 Britannia Building Society savings accounts

In 2009 Britannia Building Society merged with The Co-operative Banking Group and all of the savings options previously provided by Britannia are now offered by the Co-op.

If you want to find the best savings options for you, then you could review the options with The Co-operative Banking Group.

Current Accounts

Traditionally, current accounts have come with modest interest rates. However, recently high street banks have increased their current account interest rates as a way to attract more custom.

The opportunity to access better interest rates through current accounts has resulted in more  people using current accounts for their savings.

The Co-operative Banking Group has a current account that has competitive interest and various rewards.

Instant Access Savings Accounts

If you are likely to need to withdraw from your savings at some point in the near future, an instant access account might be a good option for you.

The Co-operative Banking Group’s instant access account has a modest interest rate but allows you to withdraw from your savings at your convenience.

Easy Access Savings Accounts

Easy Access Savings accounts are often very similar to instant access accounts; however, they typically will have some minor restrictions in relation to withdrawals.

The Co-op’s Britannia Select Access Saver account provides tiered interest depending on the number of times you withdraw from your savings in a year.

Fixed Rate Bonds

For those who are confident that they will not need their savings in the near future, fixed rate bonds could be a good option. Fixed rate bonds offer some of the best interest rates on the market, which is guaranteed for the life of the bond.  It should be noted that you typically cannot make a withdrawal from a fixed rate bond without incurring a potentially significant charge.

The Co-op offer a number of fixed rate bonds. The interest alters depending on the length of the fixed rate bond. It should be noted that often the longer bonds pay the higher rates of interest.

Cash ISAs

If you want to benefit from £20,000 tax-free interest ISA allowance, you could explore the Co-op’s ISAs.

The Co-op offer four different ISA options: Cash ISA, Online Cash ISA, Britannia Additional Allowance ISA and Britannia Fixed Rate Cash ISA.

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.