Savings News & Alerts

Written by our founders Anna and Sue

Rate Alerts

Regular updates on the savings market

🔔 Further encouraging signs for savers

Author: Anna Bowes
22nd February 2017

Savings Champion Rate Alert

Wednesday 22nd February 2017
Encouraging moves were made by the Bank of London and the Middle East (BLME) today, adding to the positive waves that have recently been hitting the savings market.
 
BLME launched an assortment of new fixed term deposits, ranging from 1 to 4 years. This sees both the one and two year accounts paying market-leading rates, which can now be found in our Sharia Accounts Best Buy Table.
 
Premier Deposit Account - 1 Year  - 1.50% gross/AER
Premier Deposit Account - 18 Months - 1.55% gross/AER
Premier Deposit Account - 2 Years  - 1.65% gross/AER
Premier Deposit Account - 4 Years - 2.00% gross/AER

Staying with Sharia accounts, Milestone Savings has also recently launched a variety of fixed term accounts. Most notable of which is the 5 Year Fixed Term Deposit paying a market-leading rate, which is head and shoulders above the rest of the market at 2.30% gross/AER.

Sharia compliant accounts pay an expected profit rate, instead of an interest rate, this is to comply with Sharia Law, for more information please visit our website.
 
For those who would prefer a standard savings account; take a look at our Fixed Rate Bond Best Buy Tables. Alternatively, for those who do not wish to tie up their funds, RCIBank offers an easy access account paying 1.10% or higher rates can be found in the High Interest Current Accounts*; with the likes of Nationwide paying 5.00% AER.

As always, if you need any help with your savings or would like to discuss further 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

Secure Trust Bank (5 years)

2.20%

Variable Rate ISAs

 Paragon Bank / Teachers Building Society

1.05%

Fixed Rate Cash ISAs

Virign Money (5 years)

1.65%

Notice Accounts

 Secure Trust Bank (120 days)

1.20%

Monthly Income

Charter Savings Bank (5 years)

2.14% gross

Regular Savings

Nationwide Building Society / First Direct / M&S Bank

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.