Savings News & Alerts

Written by our founders Anna and Sue

Rate Alerts

Regular updates on the savings market

🔔 Impressive improvements from a challenger bank

Author: Anna Bowes
30th June 2017

Savings Champion Rate Alert

Friday 30th June 2017

  

 

On the final day of the month, we have seen a challenger bank launch new versions of its fixed rate bond range, with rates up to 0.25% higher than the previous ones.

This striking move came from Paragon Bank and has seen the provider scale the best buy tables and reach the top spot for multiple terms.

1 Year Fixed Rate savings account - 1.85% gross/AER
2 Year Fixed Rate savings account - 2.05% gross/AER
3 Year Fixed Rate savings account - 2.10% gross/AER
5 Year Fixed Rate savings account - 2.45% gross/AER

The most impressive of its new range are the 1, 2 and 5 year accounts, which top the respective best buy tables.

To see how these accounts hold up against other available options, please refer to our fixed rate bond best buy tables.

If you would like any help with your savings, please call us on 0800 321 3581, we’d love to hear from you.

Best Savings Deals Summary

Best Buy Table

Best Account(s)

Best Rate (AER)

High Interest Paying Current Account *

Nationwide Building Society

5.00%

Easy Access

Ulster Bank

1.25%

Fixed Rate Bonds

Paragon Bank (5 years)

2.45%

Variable Rate ISAs

Hinckley & Rugby Building Society (120 days notice)

1.20%

Fixed Rate Cash ISAs

United Bank UK (5 years)

1.93%

Notice Accounts

Paragon Bank (120 days)

1.45%

Monthly Income

Paragon Bank (5 years)

2.42% 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%

Sharia Accounts

BLME (5 years)

2.50%

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.