Savings News & Alerts

Written by our founders Anna and Sue

Rate Alerts

Regular updates on the savings market

🔔 Latest inflation rate - is your account up to scratch?

Author: Anna Bowes
14th September 2016

Savings Champion Rate Alert

Wednesday 14th September 2016
This week, it was announced that inflation, as measured by the Consumer Price Index (CPI), remained static at 0.60%, having risen in each of the previous two months. This means that CPI continues to be at its highest level since November 2014.

There are currently over 1,100 savings accounts that pay the paltry rate of 0.60% or less, which means that over a third of accounts are not even beating inflation.
So, if any of your accounts are paying less than inflation or you simply wish to improve your returns, switch now. Below are a few of the highest rates available, click on the links for more information.
Provider Account Name Balance AER
TSB Bank Classic Plus Account £1 - £2,000 5.00%
Nationwide Building Society FlexDirect Current Account £1 - £2,500 5.00%
Lloyds Bank Club Lloyds Current Account £4,000 - £5,000 4.00%
RCI Bank Freedom Savings Bank £100 1.20%
Bank and Clients 90 Day Notice Account £1,000 1.50%
Full Best Buy Tables »

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

TSB Bank /
Nationwide Building Society

5.00%

Easy Access

RCI Bank*

1.20%

Fixed Rate Bonds

Hampshire Trust Bank (5 years)

2.00%

Variable Rate ISAs

Clydesdale Bank / Yorkshire Bank

1.50%

Fixed Rate Cash ISAs

United Trust Bank (5 years)

1.75%

Notice Accounts

 Bank and Clients

1.50%

Monthly Income

Clydesdale Bank / Yorkshire Bank (5 years)

2.00%

Regular Savings

First Direct / M&S Bank

6.00%

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%

* Deposits held with RCI Bank are covered by the FGDR, which is the French equivalent of the UK Financial Services Compensation Scheme (FSCS). Please contact us if you would like further information.

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.