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This comparison simply includes all savings accounts.

Post Office
Online Saver Post Office
Min deposit £1
Term Instant Access
Interest AER 1.30%

Why we like it: MARKET LEADING - REGULAR SAVER, LOWEST MINIMUM. Earn 1.30% gross/AER variable. Open with £1. Unlimited free withdrawals. Interest paid monthly or annually. Manage your account online. FSCS protected

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.

Ford Money
Flexible Saver Ford Money
Min deposit £1
Term Instant Access
Interest AER 1.17%

Why we like it: Open with £1. Unlimited deposits and withdrawals. Open an account singly or jointly. Interest can be paid monthly or annually. Eligible deposits covered by UK FSCS.

The Access Bank UK
Fixed Rate Bond The Access Bank UK
Min deposit £5000
Term 1 Year
Interest AER 1.80%

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

Ford Money
Fixed Saver Ford Money
Min deposit £500
Term 1 Year
Gross AER 1.70%

Why we like it: Minimum deposit £500. Open an account singly or jointly. Interest can be paid monthly or annually. Eligible deposits covered by UK FSCS.

The Access Bank UK
Fixed Rate Bond The Access Bank UK
Min deposit £5000
Term 2 Years
Interest AER 2.05%

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

Ford Money
Fixed Saver Ford Money
Min deposit £500
Term 2 Years
Gross AER 1.85%

Why we like it: Minimum deposit £500. Open an account singly or jointly. Interest can be paid monthly or annually. Eligible deposits covered by UK FSCS.

Masthaven Bank
Flexible Term Saver Masthaven Bank
Min deposit £500
Term 30 Months
Interest AER 1.85%

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

The Access Bank UK
Fixed Rate Bond The Access Bank UK
Min deposit £5000
Term 3 Years
Interest AER 2.25%

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

Masthaven Bank
Flexible Term Saver Masthaven Bank
Min deposit £500
Term 4 Years
Interest AER 2.23%

Why we like it: 4 year term. Interest can be paid monthly or annually. Minimum deposit £500, Maximum deposit £250,000. No withdrawals permitted. FSCS Protected

Masthaven Bank
Fixed Rate Bond Masthaven Bank
Min deposit £500
Term 5 Years
Interest AER 2.30%

Why we like it: 5 year term. Interest can be paid monthly or annually. Minimum deposit £500, Maximum deposit £250,000. No withdrawals permitted. FSCS Protected

Compare joint savings accounts

Joint savings accounts allow couples, or any other pair of people, to pool their savings into a single account. This can make it easier to manage your savings and allow you to achieve a better return by giving you a bigger pot of money to collect interest on.

Agreeing on the best joint savings accounts to match both of your needs can be tricky, which is why it is a good idea to be well-informed about all the different types of accounts available to you.

Current Accounts

If you have a relatively small amount of savings, a joint current account will likely offer the best rate of interest. Right now, TSB are offering 5% AER on their TSB current account for balances up to £2,000, while Santander pay 1.5% AER up to a limit of £20,000.

However, if your savings exceed the upper limit on which your current account pays interest, you should look at transferring the balance to an alternate account to maximise your return. Also remember than interest rates on current accounts change over time, so you will need to review regularly whether it is worth moving more of your money to earn more in interest.

Instant Access Savings Accounts

If you want to earn interest on the whole of your savings while still being able to use them whenever you need them, an instant access account is ideal. Some instant accounts will allow you to take money out from cash points while others will require you to go into a branch or make a phone or online transfer. The only real restriction here is that there may be a limit to how many withdrawals you can make per year.

Easy Access Savings Accounts

These are similar to instant access accounts, except you may have to wait a few days for withdrawal and transfer requests to be processes when you want to take money out.

Notice Savings Accounts

These accounts offer the flexibility to access your savings when you need them while giving a better interest rate than most instant and easy access accounts. You can still take money out whenever you want to, but you have to give the bank a pre-agreed period of notice first.

This notice period commonly varies from 40-95 days with some accounts going up to 120 days. You will usually get a higher interest rate the longer you are willing to wait when you want to make a withdrawal.

Regular Savings Accounts

Making relatively small monthly deposits can allow you to build up substantial savings over time. Regular savings accounts are designed for this kind of financial planning and tend to offer very attractive interest rates.

The downside is that there is normally both a minimum monthly deposit, so you have to commit to continuing to save each month.  There will also usually be a maximum monthly deposit, preventing you from building up your savings faster if you start having more to spare.

This means that although the interest rates of regular savings accounts are usually good, it could be a while before you start seeing solid returns on your savings. They are, however, ideal for long term savings.

Fixed Rate Bonds

If you have a significant lump sum to deposit which you do not immediately need, a fixed rate savings bond can be the ideal solution. They offer a guaranteed rate of interest in exchange for locking your money away for a pre-agreed period.

Fixed rate bonds usually last for 1-5 years and the longer their term, the higher the rate of interest you are likely to get. Some will allow you to withdraw funds before the end of their term, but you will usually have to pay a penalty fee for this.

Cash ISAs

ISAs are linked to the national insurance number of the person who opens them, so cannot be operated as joint accounts. However, they are still worth considering for couples and other partners looking for the best ways to save.

Because an ISA can only be in one person’s name, the other person in the partnership needs a good deal of trust in the one taking out the ISA if they are pooling their savings. In return, they will be able to earn interest tax-free on an amount determined by the government. For the 2017/18 tax year that amount is £20,000.

Find the joint savings account for you

Agreeing the best savings account for two people to share can be difficult, especially when there are so many different brands and products to choose from. Our joint savings account comparison table at the top of the page allows you to quickly and easily compare some of the best offers from across the market, chosen by us. These deals are updated frequently, so make sure to check back regularly for the latest offers.

Latest news

Are you getting 10% on your savings?

In these low interest times getting a decent rate of return on your cash is not easy. Surprisingly some of the best interest rates are available via current accounts.

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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.