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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 Scottish Building Society savings accounts

Getting a savings account that helps your savings grow quickly is possible. However, the right savings account will likely depend on the size of your savings, how long you want to tie your savings up for and the amount of interest you want to earn.

Scottish Building Society’s range of savings options can help you reach your savings goals.

Instant Access Savings Accounts

An instant access savings account provides unlimited withdrawals and the ability to earn interest on your savings.

Scottish Building Society’s instant access accounts have modest rates of interest and allow you to withdraw from your savings at any time.

Notice Savings Accounts

Generally, notice savings accounts require a number of days’ notice before you can make a withdrawal. However, if you open a notice savings account you will likely receive higher interest than instant access accounts.

The notice account from Scottish Building Society provides higher interest rates, in exchange for the requirement to give 30 days’ notice to make a withdrawal.

Regular Savings Accounts

You could see your savings grow rapidly by putting aside an agreed amount every month. There are some accounts that reward regular savers with access to higher rates of interest.

Scottish Building Society’s Regular Saver account has a low monthly deposit and offers better interest than their instant access account.

Fixed Rate Bonds

Fixed rate bonds provide some of the most competitive interest on the market, which is guaranteed for the life of the bond, providing you do not make a withdrawal from your savings.

The fixed rate bonds that Scottish Building Society provide are only available to existing customers.

Cash ISAs

You could open a cash ISA to minimise the amount of tax you pay on your interest, as cash ISAs have the ability to provide up to £20,000 tax-free interest on your savings.

Scottish Building Society’s cash ISAs lets you take advantage of the £20,000 tax-free allowance, along with the ability to use your savings at your convenience.

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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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.