🔔 Market-leading accounts launched

Author: Anna Bowes
03rd February 2017

Savings Champion Rate Alert

Friday 3rd February 2017

Paragon Bank has launched three new accounts today, all of which appear in our best buy tables.

The new 120 Day Notice (Issue 5) is paying a market-leading rate of 1.15% gross/AER. For those looking for a shorter notice period, please refer to our Notice Account Best Buy Table.

Alternatively, if you are looking for more access to your funds, RCI Bank^ is paying 1.10% gross/AER.

Paragon Bank has also launched a market-leading 3 Year Fixed Rate Cash ISA, paying 1.30% tax free/AER. For those looking for a shorter term, Virgin Money and Bank of Cyprus UK are paying 1.05% tax free/AER for 1 year and Aldermore is paying 1.20% tax free/AER for 2 years.

The new 2 Year Fixed Rate from Paragon Bank is paying a competitive rate of 1.56% gross/AER, second only to Atom Bank, which is currently holding top spot in our table, with a rate of 1.65% gross/AER.

It's worth noting that accounts with Atom Bank can only be opened through the provider's app, via a mobile device.  

Teachers Building Society also now has a market leading account. The Cash ISA Notice 90 Issue 6 was relaunched today and is paying 1.05% tax free/AER. For those looking for more information or alternatives, take a look at our Variable Rate ISA Best Buy Table.

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

Teachers Building Society

1.05%

Fixed Rate Cash ISAs

Paragon Bank (5 years)

1.60%

Notice Accounts

Paragon Bank (120 days)

1.15%

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.