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Whilst things have started to look up in the fixed rate bond market over the last few weeks, we are yet to see many positive moves amongst variable rate accounts, particularly if you are looking for easy access to your savings.
Luckily, current accounts continue to offer savers a welcome alternative with returns far above what is available elsewhere. For example, Nationwide’s FlexDirect Current Account pays a rate that is a whopping five times higher than the best on offer currently on a standard easy access account. The top standard easy access rate is currently 1% gross/AER, available from RCI Bank^ and NS&I. So, with rates of at least 3% AER on offer, a new current account could be worth looking into. The top rates on offer at the moment are 5% AER from Nationwide, 5% AER (falling to 3% in January 2017) from TSB Bank and 3% AER from both Tesco Bank and Bank of Scotland.* The good news for savers is that many of these current accounts allow you to take advantage of the high returns on offer without having to switch your main account. Not only that but you can also open a combination of different accounts and receive a high overall return. As always, if you need any help with your savings or want to discuss further options, please call us on 0800 321 3581, we’d love to hear from you. |
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Best Savings Deals SummaryIf 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.
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. |
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