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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 The Co-operative Bank savings accounts

It is important to make sure your money is working hard enough for you, to reach your savings goals quickly.

If you want to find the best savings options for you, then you could review the options with The Co-operative Banking Group.

Current Accounts

Historically, interest rates with current accounts have been some of the lowest on the market. However, high street banks have started to increase their current accounts’ interest rates.

The recent trend of high interest current accounts has meant that more people are using their current account for their savings.

The Co-operative Banking Group has a current account that has competitive interest and various rewards for swapping accounts.

Instant Access Savings Accounts

Instant access accounts are popular amongst some savers, as they typically provide unlimited access along with the ability to earn interest.

The Co-operative Banking Group’s instant access account allows you to make a withdrawal at your convenience, as well as enable you to earn a modest amount of interest on your savings.

Easy Access Savings Accounts

Typically, where a bank offers both instant and easy access accounts there is very little difference between the two. When this occurs, it is possible that the easy access account is more likely to have a delay in relation to deposits, withdrawals or transfer transactions.

The Select Access Saver from The Co-operative Bank offers a tiered rate of interest. The fewer times you withdraw from the Select Access Saver over the course of the year, the higher the interest you will receive.

Fixed Rate Bonds

If you are confident that you will not need your savings for a prolonged period of time, you could earn competitive interest with fixed rate bonds. Often fixed rate bonds provide some of the best interest rates on the market, providing you do not withdraw from your savings.

The Co-operative Bank’s fixed rate bonds have their best rates of interest, which run between 1 and 3 years.  It should be noted that often the longer bonds pay the higher rates of interest.

Cash ISAs

If you want to benefit from £20,000 tax-free interest ISA allowance, you could explore the Co-op’s ISAs.

The Co-op offer four different ISA options: Cash ISA, Online Cash ISA, Britannia Additional Allowance ISA and Britannia Fixed Rate Cash ISA.

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.