Savings News & Alerts

Written by our founders Anna and Sue

Rate Alerts

Regular updates on the savings market

🔔 Best buy return for Virgin Money

Author: Anna Bowes
31st May 2017

Savings Champion Rate Alert

Wednesday 31st May 2017

  

 

With the end of the month upon us, we have seen further movement in our variable rate cash ISA best buy table.

Virgin Money has launched a new version of its Defined Access Cash ISA, with an improved rate of 1.05% tax free/AER. This move pushes the provider up into second position in our table.

Although offering a competitive rate, it is key to be note that this account carries with it restrictions on the number of withdrawals that can be made each year, otherwise the rate drops significantly.

For those that have already utilised their cash ISA allowance for the year, the current market-leading rate for a standard easy access account is from RCI Bank^ on its Freedom Savings Account, paying 1.10% gross/AER.

For more information on these accounts or other options available, please refer to our best buy tables.

If you would like any help with your savings, please call us on 0800 321 3581, we’d love to hear from you.

Best Savings Deals Summary

If you have any queries regarding our Best Buy Tables, an account featured or the suitability of the account for your needs, please call us on 0800 321 3581.

Best Buy Table

Best Account(s)

Best Rate (AER)

High Interest Paying Current Account *

Nationwide Building Society

5.00%

Easy Access

RCI Bank^ / Britannia

1.10%

Fixed Rate Bonds

Paragon Bank (5 years)

2.25%

Variable Rate ISAs

Hinckley & Rugby Building Society (120 days notice)

1.20%

Fixed Rate Cash ISAs

Paragon Bank (5 years)

1.80%

Notice Accounts

Secure Trust Bank (90 days)

1.30%

Monthly Income

Paragon Bank (5 years)

2.23% gross

Regular Savings

Nationwide Building Society / First Direct / M&S Bank / Santander

5.00%

Children's Accounts

Saffron Building Society / Halifax
(Regular Savers)

4.00%

Junior ISAs

Coventry Building Society

3.25%

Help to Buy ISAs

Barclays

2.27%

Our Best Buy Tables are based on whole of market research, independent and have no commercial bias, ensuring that you can rely on them to make an informed decision. Alternatively, please call us on 0800 321 3581 to discuss your savings with one of our expert advisers.

*High interest current accounts often have a number of conditions attached to qualify for the headline rate. Please ensure you carefully read the terms and conditions before proceeding. Many of these current accounts do not require customers to switch their main account.

^Deposits held with RCI Bank are covered up to the value of €100,000 by the FGDR, which is the French equivalent of the UK Financial Services Compensation Scheme (FSCS). For more information on this, please call one of our advisers on 0800 321 3581.