Savings News & Alerts

Written by our founders Anna and Sue

Rate Alerts

Regular updates on the savings market

🔔 Competition continues in the fixed rate market

Author: Anna Bowes
27th June 2017

Savings Champion Rate Alert

Tuesday 27th June 2017

  

 

We have seen further improved rates enter our fixed rate bond best buy tables today.

OakNorth Bank launched new versions of its 12, 15 and 24 month fixed term deposit accounts, with improved rates on each.

12 Month Fixed Term Deposit account - 1.71% gross/AER
15 Month Fixed Term Deposit account - 1.75% gross/AER
24 Month Fixed Term Deposit account - 1.87% gross/AER

This now sees OakNorth Bank holding second position in both our one and two year fixed rate bond tables, second only to Atom Bank in both.

If you are looking for a longer term bond, United Bank UK continues to hold the top spot with its 5 Year Fixed Term Deposit, paying 2.41% gross/AER, along with the option of monthly interest payments for those that prefer it.

To see how these accounts hold up against other available options, 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

Best Buy Table

Best Account(s)

Best Rate (AER)

High Interest Paying Current Account *

Nationwide Building Society

5.00%

Easy Access

Ulster Bank

1.25%

Fixed Rate Bonds

United Bank UK (5 years)

2.41%

Variable Rate ISAs

Hinckley & Rugby Building Society (120 days notice)

1.20%

Fixed Rate Cash ISAs

United Bank UK (5 years)

1.93%

Notice Accounts

Paragon Bank (120 days)

1.45%

Monthly Income

United Bank UK (5 years)

2.38% 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%

Sharia Accounts

BLME

2.50%

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.