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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.

AA Savings
Easy Saver AA Savings
Min deposit £100
Term Instant Access
Interest AER 1.15%

Why we like it: Free withdrawals and no notice period. Deposit from £100. Includes a fixed bonus of 0.95% gross fixed for the first 12 months. Quick and easy online application

Oak North
Fixed Rate Bond Oak North
Min deposit £1000
Term 12 Months
Interest AER 1.87%

Why we like it: £1,000 minimum deposit, £250,000 maximum. Interest paid on maturity. No withdrawals permitted. FSCS Protected

Oak North
Fixed Rate Bond Oak North
Min deposit £1000
Term 18 Months
Interest AER 1.95%

Why we like it: £1,000 minimum deposit, £250,000 maximum. Interest paid on maturity. No withdrawals permitted. FSCS Protected

Oak North
Fixed Rate Bond Oak North
Min deposit £1000
Term 24 Months
Interest AER 2.14%

Why we like it: £1,000 minimum deposit, £250,000 maximum. Interest paid on maturity. No withdrawals permitted. FSCS Protected

Oak North
Fixed Rate Bond Oak North
Min deposit £1000
Term 30 Months
Interest AER 2.16%

Why we like it: £1,000 minimum deposit, £250,000 maximum. Interest paid on maturity. 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 2.66%

Why we like it: Minimum deposit £1,000. Interest paid monthly or annually. Apply online. Eligible deposits covered by UK FSCS.

Compare Santander savings accounts

The Santander Group is a Spanish banking group which offers a range of savings products to customers around the world. Below we look at the main types of savings accounts Santander has on offer and explain some of their key pros and cons.

Current Accounts

When your savings are relatively modest, you are probably best keeping them in your current account. This is because current accounts usually pay good rates of interest on smaller amounts. 

If your balance goes over the interest-paying limit, however, you will usually earn nothing on the excess. This should then be transferred to another type of savings account to maximise your return.

Instant Access Savings Accounts

If you want the flexibility to add and remove funds from your savings account when it suits you, an instant access savings account is likely to be the best fit. You can normally deposit and withdraw money instantly, but there may be an annual limit on the number of times you can do this.

Many instant access accounts will come with a cash card, allowing you to get money from a standard ATM. Others require you to make withdrawals in person at a branch or use phone and online banking to make transfers.

Regular Savings Accounts

For savers who want to put a little bit of money aside each month, a regular savings account makes a lot of sense. You will usually have to commit to making a minimum deposit each month or risk paying a penalty fee and you make only be able to make so many withdrawals a year.

In exchange you will generally get a favourable interest rate, although it may take a while to see much of a benefit from this as you will need to build up your capital first.

Fixed Rate Bonds

If you want a reliable return on a lump sum, fixed rate bonds are a good possibility. They pay guaranteed rates of interest over a set period with the downside being you can’t access your money until the bond matures. The longer the bond lasts for, the higher the interest rate you will tend to be offered.

Cash ISAs

For UK tax payers, cash ISAs are a very attractive proposition. They let you earn interest tax free on deposits below a certain yearly threshold set by the government. For the 2017/18 tax year the cut-off is £20,000.

ISAs are usually offered either as instant access or fixed term. Instant access cash ISAs let you add and remove funds whenever you want to and pay variable rates of interest. Fixed term cash ISAs act like fixed rate bonds, but with the benefit of paying no tax on your interest.

Find the best Santander savings account for you

With such a range of providers and products on the market, making the best choice is challenging. To help make things a little easier, we offer a savings account comparison tool (see the top of this page). This allows you to quickly and simply compare the best offers currently available on savings accounts from all the top providers, making your decision much less confusing.

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.