Savings News & Alerts

Written by our founders Anna and Sue

Rate Alerts

Regular updates on the savings market

🔔 Highest easy access rate since September announced

Author: Anna Bowes
27th January 2017

Savings Champion Rate Alert

Friday 27th January 2017
RCI Bank has increased the rate on its Freedom Savings Account, from a market-leading 1.02% to an even higher rate of 1.10% gross/AER. This is another positive move from RCI Bank, having now increased the rate on this account three times this month.

RCI Bank also improved the rates available on its Fixed Rate Bond range. The 1 year bond is paying 1.31% gross/AER, the 2 year bond is paying 1.55% gross/AER and the 3 year bond is paying 1.70% gross/AER. All of these accounts can now be found in our Fixed Rate Bond Best Buy Tables.

Vanquis Bank has also changed the rates on its range of Fixed Rate Bonds. The pick of the new rates are below;

4 Year Fixed Rate Bond - 1.96% gross/AER
5 Year Fixed Rate Bond - 2.02% gross/AER

Finally, Masthaven Bank has improved its 3 year fixed rate bond, now paying a competitive 1.70% gross/AER. 

Interestingly, the provider gives you the option to choose your own term, so for the exact interest rate for your chosen term, please see Masthaven Bank's website.

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

Atom Bank / Ikano Bank~ (5 years)

2.05%

Variable Rate ISAs

 Virgin Money

1.01%

Fixed Rate Cash ISAs

Paragon Bank (5 years)

1.60%

Notice Accounts

 Charter Savings Bank (95 days)

1.05%

Monthly Income

Atom Bank / Ikano Bank~ (5 years)

2.03%

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.

~Deposits held with Ikano Bank are covered up to the value of €100,000 by the Swedish Deposit Insurance Scheme, which is the Swedish equivalent of the UK Financial Services Compensation Scheme (FSCS). For more information on this, please call one of our advisers on 0800 321 3581.