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Is your savings account paying less than the rate of inflation?

The average easy access savings account in the UK is paying 0.34% in interest. Inflation is running at 3.0% (December 2018). If you are a saver with one of these accounts, then in simple terms the buying power of your money is going backwards. You need to take action to protect your money.

How do I get a better savings rate

How do I get a better savings rate?

Well surprisingly the best rates of interest on offer currently are from current accounts. A number of high street banks pay competitive rates of interest.

If you are after a simple market leading instant access savings account then take a look at RCI Bank. With this online account you can earn 1.30% gross/AER Instant Access. There is no notice period, unlimited payments and withdrawals, and you can open an account from just £100. 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.

Compare latest savings account rates »

Latest news

Top 3 picks for current accounts in 2021

Over 5.1 million UK bank and building society customers have switched their bank accounts using the free (and guaranteed) current account switching service which simplifies the process for customers. Read More »

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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.