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This comparison simply includes all savings accounts.

Aldermore
Double Access Account Aldermore
Min deposit £1000
Term Easy Access
Interest AER 0.6%

Why we like it: MARKET LEADING. 0.60% AER if customer makes two or fewer withdrawals within an anniversary year. If a customer makes three or more withdrawals in an anniversary year the rate reduces to 0.10% from the date of the third withdrawal. Monthly or annual interest. Must be UK resident and be aged 18 or older. Maximum deposit £1,000,000. Manage your account online. Covered by the FSCS

Investec Savings
Online Flexi Saver Investec Savings
Min deposit £5000
Term Instant Access
Interest AER 0.55%

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)

RCI Bank
Freedom Savings Account RCI Bank
Min deposit £100
Term Instant Access
Interest AER 0.5%

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)

Aldermore
Easy Access Account Aldermore
Min deposit £1000
Term Easy Access
Interest AER 0.5%

Why we like it: Balances from £1,000 to £1 million. Unlimited withdrawals without restriction or loss of interest. Eligible deposits covered by UK FSCS.

RCI Bank
95 Day Notice Account RCI Bank
Min deposit £1000
Term 95 Day Notice
Interest AER 0.55%

Why we like it: Unlimited withdrawals subject to 95 days notice.

Aldermore
120 Day Notice Account Aldermore
Min deposit £1000
Term 120 Day Notice
Interest AER 0.7%

Why we like it: Unlimited withdrawals subject to 120 days notice.

The Access Bank UK
Fixed Rate Bond The Access Bank UK
Min deposit £5000
Term 1 Year
Interest AER 0.9%

Why we like it: Save from £5,000 to £500,000. No additional deposits or withdrawals permitted. FSCS Protected

The Access Bank UK
Fixed Rate Bond The Access Bank UK
Min deposit £5000
Term 2 Years
Interest AER 1.05%

Why we like it: MARKET LEADING. Save from £5,000 to £500,000. No additional deposits or withdrawals permitted. FSCS Protected

The Access Bank UK
Fixed Rate Bond The Access Bank UK
Min deposit £5000
Term 3 Years
Interest AER 1.10%

Why we like it: MARKET LEADING. Save from £5,000 to £500,000. No additional deposits or withdrawals permitted. FSCS Protected

RCI Bank
Fixed Rate Bond RCI Bank
Min deposit £1000
Term 4 Years
Interest AER 0.95%

Why we like it: Which? Recommended Savings Provider. Save from £1,000 to £1,000,000. No withdrawals before the end of the term. Your eligible deposits with RCI Bank UK Limited are protected up to a total of £85,000 by the Financial Services Compensation Scheme (FSCS)

RCI Bank
Fixed Rate Bond RCI Bank
Min deposit £1000
Term 5 Years
Interest AER 1.00%

Why we like it: Which? Recommended Savings Provider. Save from £1,000 to £1,000,000. No withdrawals before the end of the term. Your eligible deposits with RCI Bank UK Limited are protected up to a total of £85,000 by the Financial Services Compensation Scheme (FSCS)

Nationwide
FlexDirect Current Account Nationwide
Open With £1000
Account Type Current Account
Interest AER 2.00%

Why we like it: 2.00% interest for 12 months on balances up to £1,500 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. Access to Flexclusives - Select Credit Card and low personal loan rate. Must be aged 18 or older

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Why A Vernon Building Society Savings Account?

The Vernon Building Society is an independent building society seeking to provide competitive mortgages, savings and investment products, and were founded in 1924 in Stockport, Cheshire. 

Compare Vernon Building Society savings accounts:

Compare latest Vernon Building Society savings accounts with the UK saver market. We compare instant access, easy access, notice and fixed rate cash saving plans to help you get the best deal.

Current Accounts

If your main goal is to get the best interest rate possible, you should look at keeping at least some of your savings in a current account. These usually offer some of the best returns, but only on smaller amounts. 

If your savings exceed the interest ceiling on your current account, you will likely need to spread your money across a few different types of accounts to get the best overall return.

Instant Access Savings Accounts

Savers who valuable flexibility will probably do best with an instant access account. This lets you add and remove money at your convenience, although you may only be allowed so many withdrawals per year.

Some instant access accounts offer a cash card for use at ATMs while most will allow you to make transfers online and by phone.

Fixed Rate Bonds

If you have a sizeable sum that you do not need to use in the immediate future, a fixed rate bond can offer the best return. They work by giving you a fixed, usually very favourable, rate of interest for a set period, during which you cannot access your money.

Fixed rate bonds generally last for around 1-5 years and the longer the term of the bond, the higher the interest rate you are likely to get.

Cash ISAs

ISAs are designed to allow UK taxpayers to earn interest on their savings without paying tax on that interest. There is a yearly limit on how much you can place in an ISA, which for 2020/21 is £20,000.

ISAs are normally one of two sorts – instant access and fixed term. Instant access cash ISAs give variable interest rates and you can get at your money whenever you need to. Fixed term cash ISAs offer guaranteed interest rates for a set period during which you cannot add or withdraw money from your account.

Although you won’t pay tax on the money you earn on an ISA, the interest rates they offer tend to be lower than for some other kinds of savings accounts. This means you need to carefully calculate what you will save in tax and compare this to the interest you are likely to lose out on by not going for an account with a higher rate.

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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