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This comparison simply includes all savings accounts.

HSBC
Advance Current Account HSBC
Open With £1750
Account Type Current Account
Features Get £170 when you Switch

Why we like it: SPECIAL OFFER - Get £170 when you switch to an HSBC Advance Bank Account. Earn 1.00% AER/gross when you save between £25 and £250 per month. Arranged overdraft limit of at least £1,000 on account opening. Money banking app. No monthly account fee. Easy switching with the Current Account Switch Service. Must be 18 or older and be UK resident. Must pay in £1,750 per month or £10,500 over 6 months. Must be approved for an arranged overdraft of £1,000+. For £170 Switch Offer: Switch using Current Account Switching Service with 2+ Direct Debits/standing orders within 30 days and pay £1,500k+ into account within 60 days. Once eligible, HSBC will pay £170 into your account within 30 days. Offer excludes customers who’ve held an HSBC/opened a first direct current account since 1/1/19

Santander
123 Current Account Santander
Open With £500
Account Type Current Account
Features 0.50% AER Interest Up To £20,000

Why we like it: Earn 0.50% AER (variable) interest on balances up to a maximum of £20,000. Up to 3% cashback on household bills - 1% on council tax bills, Mobile and home phone bills, broadband and paid-for TV packages, and Santander monthly mortgage payments. 2% on Gas and electricity bills, Santander Home Insurance premiums and Santander Life Insurance premiums, and 3% on water bills. Monthly fee of £4. Cashback capped at £5 for each cashback tier each month. Must pay in £500 pm. Bank is registered with the Financial Services Compensation Scheme (FSCS), so any money you keep will be fully protected, up to £85,000.

Starling Bank
Mobile App Bank Account Starling Bank
Open With £0
Account Type Mobile Bank Account
Features Fee FREE Account Pays 0.05% AER

Why we like it: Free current account. Pays 0.05% AER interest on balances up to £85,000. Get set up in minutes. Send money abroad: Fast and secure money transfers to bank accounts in 38 countries worldwide. No fees when you pay with your card abroad or withdraw money. Get a spotlight on your spending: See what you’ve spent instantly with real-time payment notifications. 3 month interest holiday on the first £500 of an arranged overdraft. Voted best British Bank and Best Current Account 2018 - 2021 at the British Bank Awards. Awarded 5 stars by Defaqto. Bank is registered with the Financial Services Compensation Scheme (FSCS), so any money you keep will be fully protected, up to £85,000

Investec Savings
Fixed Rate Bond Investec Savings
Min deposit £5000
Term 1 Year
Interest AER 2.25%

Why we like it: Interest paid on maturity. Automatic repayment to your linked account. Maximum deposit £250,000. FSCS Protected. Must have a UK residential address and be aged 18 or older. No withdrawals permitted. Can’t have held an Investec Online Flexi Saver or Fixed Rate Saver in the last 12 months

Paragon Bank
Fixed Rate Bond Paragon Bank
Min deposit £1000
Term 2 Years
Interest AER 2.55%

Why we like it: Register for a free Raisin UK Account to apply for product and receive a £25 cash bonus for deposits of £10,000 or more. Interest paid on maturity. Maximum deposit £85,000. FSCS Protected. Must be UK resident and aged 18 or older. No withdrawals permitted

RCI Bank
Freedom Savings Account RCI Bank
Min deposit £100
Term Instant Access
Interest AER 1.10%

Why we like it: 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 Financial Services. Compensation Scheme (FSCS)

Brown Shipley
Easy Access Account Brown Shipley
Min deposit £1000
Term Instant Access
Interest AER 1.10%

Why we like it: Register for a free Raisin UK Account to apply for product and receive a £30 cash bonus for deposits of £10,000 or more. Interest paid on maturity. Maximum deposit £85,000. FSCS Protected. Must be UK resident and aged 18 or older. No withdrawals permitted

Investec Savings
Online Flexi Saver Investec Savings
Min deposit £5000
Term Instant Access
Interest AER 1.06%

Why we like it: 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)

Nationwide
1 Year Triple Access Online Saver Nationwide
Min deposit £1
Term Easy Access or up to 1 Year
Interest AER 1.00%

Why we like it: Make up to three withdrawals during the 12-month term of this account. Open with £1. Manage your account online. Interest paid at maturity. FSCS Protected. Must be UK resident and aged 16 or older. Make more than three withdrawals and the rate drops to 0.01% AER/gross p.a. (variable). Not available in branch

Yorkshire Building Society
Internet Saver Plus Yorkshire Building Society
Min deposit £10000
Term Instant Access
Interest AER 0.77%

Why we like it: Tiered interest: £1 to £10,000 – 0.60% Gross/AER, £10,001 to £50,000 – 0.77% Gross/AER, £50,001 to £500,000 – 0.82% Gross/AER. 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

Leeds Building Society
Online Easy Access Account Leeds Building Society
Min deposit £1000
Term Instant Access
Interest AER 0.71%

Why we like it: Interest paid annually. Unlimited deposits and withdrawals. Open and manage online. FSCS Protected. Must be UK resident and be aged 18 or older

Nationwide
1 Year Triple Access Online ISA Nationwide
Min deposit £1
Term Easy Access or up to 1 Year
Interest AER 1.00%

Why we like it: Make up to three withdrawals during the 12-month term of this account. Open with £1. Manage your account online. Interest paid at maturity. FSCS Protected. Must be UK resident and aged 16 or older. Make more than three withdrawals and the rate drops to 0.01% AER/gross p.a. (variable). Not available in branch

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Compare Teachers Building Society savings accounts

The right savings account can help you reach your savings goals quickly. Flexibility, interest rate, minimum deposit and maximum balance are just a few factors to consider when looking for a new savings account.

Easy Access Savings Accounts

Easy access accounts are a common option for those who require flexibility with their savings, as they often permit unlimited withdrawals and provide interest on savings.

Teachers Building Society’s Easy Saver provides a modest rate of interest and allows you to withdraw from your savings at your convenience.

Notice Savings Accounts

Interest rates with notice savings accounts are typically higher than those found in some other savings accounts, but often require a number of days’ notice to make a withdrawal.

The Notice 35 account from Teachers Building Society requires 35 days’ notice, but has a higher interest rate than their easy access account.

Fixed Rate Bonds

If you are prepared to tie up your savings for a prolonged period of time, then you could look into your fix rate bond options. Fixed rate bonds generally have the most competitive interest rates on the market, guaranteed for the life of the bond, providing you do not touch your savings.

Teachers Building Society advertise a 1 year fixed rate bond that comes with their best interest rate.

Cash ISAs

The interest you earn on your savings is not the only factor to consider when looking at a savings option, as the amount of tax you may have to pay on the interest of your savings could be a factor as well.

If you are likely to earn a significant amount of money through the interest on your savings, you might want to open a cash ISA. By opening a cash ISA you can earn up to £20,000 tax-free interest on your savings.

Teachers Building Society offer two ISA options: Cash ISA and Cash ISA Notice 90. As a general rule ISAs do not provide the highest interest, but the option to earn tax-free interest cannot be ignored.

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