🔔 Latest best buys to hit the market

Author: Anna Bowes
09th December 2016

Savings Champion Rate Alert

Friday 9th December 2016

Paragon Bank and OakNorth Bank are the latest providers to launch new and improved fixed rate accounts.

OakNorth Bank has launched a competitive range of fixed rate bonds, including some less common terms.

12 Month Fixed Term Deposit - 1.36% gross/AER
15 Month Fixed Term Deposit - 1.40% gross/AER
24 Month Fixed Term Deposit - 1.55% gross/AER
30 Month Fixed Term Deposit - 1.60% gross/AER

Paragon Bank has launched a market leading 5 year fixed rate cash ISA, paying 1.60% tax free/AER.

To see how the accounts compare to the rest of the market, take a look at our Fixed Rate Bond or Fixed Rate ISA best buy tables.

Fixed rates could be a good way to maximise your interest, however, it is important to keep some money accessible for a rainy day.

So, for a standard easy access account, up to 1% gross/AER is available from RCI Bank^, NS&I and others or for those who are yet to use their ISA allowance for the current tax year, Coventry Building Society offers 1.10% tax free/AER on its easy access cash ISA.

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.

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

Tesco Bank / RCI Bank^NS&I / Leeds Building Society

1.00%

Fixed Rate Bonds

Masthaven Bank (5 years)

2.01%

Variable Rate ISAs

Coventry Building Society

1.10%

Fixed Rate Cash ISAs

Paragon Bank (5 years)

1.60%

Notice Accounts

Charter Savings Bank

1.31%

Monthly Income

Masthaven Bank (5 years)

1.99%

Regular Savings

Nationwide Building Society / First Direct M&S Bank

5.00%

Children's Accounts

Halifax Saffron Building Society (Regular Saver)

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.