Savings News & Alerts

Written by our founders Anna and Sue

Rate Alerts

Regular updates on the savings market

🔔 Further best buys enter the fray

Author: Anna Bowes
23rd May 2017

Savings Champion Rate Alert

Tuesday 23rd May 2017
Further movement in our fixed rate bond best buy tables came today, following the launch of a new account from Hampshire Trust Bank.

Hampshire Trust Bank are now second in our table, paying 1.53% gross/AER on the new version of its 1 Year Bond. We continue to see Charter Savings Bank standing firm in top spot, paying 1.55% gross/AER on its 1 Year Fixed Rate Bond.

Alternatively, for those looking to make the most of their cash ISA allowance, Kingdom Bank is paying 1.20% tax free/AER on its 1 Year Base Rate Plus Cash ISA, although it's important to note that this is a variable rate that tracks the Bank of England base rate.

For the top rate on a standard 1 year fixed rate cash ISA, Bank of Cyprus UK pays 1.13% tax free/AER on its 1 Year Fixed Rate Cash ISA.

For more information on these accounts and 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

Paragon Bank (5 years)

1.80%

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.