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
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
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
RCI is a retail and commercial bank. Their range of savings accounts include some options best suited to long term and short term savings. Below is a breakdown of RCI’s main types of savings accounts.
Current accounts often give the best rates of interest on the market, but only up to a certain deposit threshold.
If your savings are more than your account will pay interest on, transfer the excess balance to a different account. This will enable you to benefit from a better return overall.
If you are keen on flexible saving, an instant access account is hard to beat. This will let you make deposits and withdrawals as often as you like, although bear in mind there may be an annual limit on withdrawals.
Instant access accounts will usually allow you to make transfers online or by phone, and some even offer a cash card that means you can take money out at a standard ATM.
For savers that want to earn a reliable return on a significant deposit, fixed rate bonds tend to be ideal. In exchange for not being able to access your money for a set amount of time (usually 1 to 5 years), you will be offered a fixed rate of interest for the life of the bond.
Generally speaking, the interest rates on fixed rate bonds are pretty rewarding, and make a good way to save if you are confident you will not need your deposit in the near future.
If you are liable to pay UK tax, putting part of your savings into a fixed rate ISA may be a smart plan. This allows you to earn tax-free interest on deposits up to a combined yearly total set by the government. For the 2017/18 tax year that amount is £20,000.
When choosing an ISA, there are two main types to be aware of - instant access and fixed term. Instant access cash ISAs let you take out money whenever you need without paying a penalty, so are best for short term saving. Fixed term cash ISAs work much like fixed rate bonds, in that you will receive a guaranteed return in exchange for locking your money away for a set period. In general, fixed term ISAs will have better interest rates than the instant access variety.
Find the best RCI Bank savings account for you
Our savings account comparison tool (see top of page) takes the hassle out of finding the best savings account deals. You can see the best offers from right across the industry, including all of the top providers, allowing you to find the best match for your personal finances and saving needs.
