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 0.90% 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
*Headline rate includes a guaranteed fixed bonus rate of 3.01% for the first 12 months (on balances up to £1 million), plus the standard variable rate which is currently 1.05%. 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
Interest rate tracks the Bank of England (BoE) Base Rate, plus 1.14% 12 month bonus
Why we like it
Unlimited deposits and withdrawals.Open and manage online or in app. Open in single or joint name (online only). FSCS Protected. £500,000 maximum deposit across all OakNorth accounts (£1,000,000 for joint accounts)
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
Unlimited deposits and withdrawals. Maximum of 1 sole account and 1 joint account per person. Open and manage your account online. FSCS Protected. After 12 months, cahoot will transfer your account to an cahoot Savings Account. Before the term ends, cahoot will contact you with your new interest rate to an Everyday Saver. Before the term ends, Santander will contact you with your new interest rate
£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
The interest rate tracks the Bank of England (BoE) Base Rate+ 0.25% Spread. New customers only also receive a 0.23% 12 month bonus. 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 £120,000 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
All funds deposited into the RCI Bank E-Volve Savings 14 Day Notice Account will be used to fund pure electric vehicles and charging facilities. Interest paid monthly or annually. Manage account online. UK-based support, seven days a week. Which? Recommended Savings Provider. Unlimited withdrawals subject to 14 days notice. Must be UK resident. Must be aged 18 or older. Your eligible deposits with RCI Bank UK Limited are protected up to a total of £85,000 by the Financial Services Compensation Scheme (FSCS)
If you want to earn interest on an amount of money greater than the limit on your savings account, a fixed rate bond is usually your best option. Fixed rate bonds provide a guaranteed return on the amount you deposit and can allow you to claim interest up to a much higher limit than most savings accounts. Fixed rate bond terms typically vary from 3 months to 5 years. Most fixed rate bond deals are for 1 ,2, 3 and 5 year terms. Generally speaking the longer your money is locked away the higher the rate of interest you will receive on your money. Minimum bond deposits can vary from £500 to over £10,000.
30 Day Notice Business Savings Account:
If you have a surplus that you do not need for daily business purposes, you may want to place it into a 30 day notice account. This will normally earn you a better rate of interest than an instant access account, but means you will have to let the bank know 30 days in advance when you wish to withdraw funds.
Clients’ Business Savings Account:
If you are a professional company entitled to hold clients’ funds, you could earn interest on these funds by placing them in a savings account. Depending on the nature of your business and how you wish to structure your clients’ deposits, you can hold them collectively in a single account or have separate designated accounts for each client.
