Savings News & Alerts

Written by our founders Anna and Sue

Rate Alerts

Regular updates on the savings market

🔔 Coventry capture top spot convincingly

Author: Anna Bowes
12th May 2017

Savings Champion Rate Alert

Friday 12th May 2017
Friday has added further fire to the fixed rate cash ISA market.

Coventry Building Society has launched its new Fixed Rate ISA (46), paying head and shoulders above the pack, paying 1.40% tax free/AER. This account does not allow transfers in of previously accrued ISA funds, so you will have to look elsewhere if you wish to do this.

A number of options that permit transfers in can be found in our Fixed Rate ISA Best Buy Table.

If you are looking for a shorter fixed period, Bank of Cyprus UK continues to lead our 1 year table, paying 1.13% tax free/AER on its Fixed Rate Cash ISA. This account permits the transfer in of previous tax years' ISA funds.

Alternatively, for those looking for a longer term, Virgin Money leads the way in our 5 year table, paying 1.75% tax free/AER on its Fixed Rate Cash E-ISA Issue 241. Also offering the option of monthly interest payments and accepting transfers in of previous ISA funds.

For more information on these accounts or other options available, please refer to our Best Buy Tables.

As always, if you would like any help with your savings or would like to discuss other available options, 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^

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

Virgin Money (5 years)

1.75%

Notice Accounts

 Paragon Bank (120 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.