Savings News & Alerts

Written by our founders Anna and Sue

Rate Alerts

Regular updates on the savings market

🔔 Multiple best buys launched

Author: Anna Bowes
02nd June 2017

Savings Champion Rate Alert

Friday 2nd June 2017

  

 

Movement in the fixed rate market continues as the month gets off to a flying start. Additionally, we have a newly crowned leader in our easy access and notice account best buy tables.

Vanquis Bank has launched a new version of its 4 Year Fixed Rate Bond, paying the top rate of 2.00% gross/AER, along with the option of monthly interest payments for those that would prefer it.

We have also seen a new market-leading rate in the shorter 2 year table, with Paragon Bank launching a new version of its Fixed Rate savings account, paying 1.80% gross/AER.

Looking away from the fixed rate bond arena, we have seen Charter Savings Bank make bold moves in both the Easy Access and Notice Account best buy tables.

The launch of a new version of its 120 Day Notice account paying 1.35% gross/AER, sees the provider take the top spot, just edging out Paragon Bank (paying 1.30% gross/AER).

Similarly, Charter Savings Bank has taken the crown in our easy access table, paying 1.11% gross/AER on its Easy Access - Issue 4.

As always, further information and other options available can be found in our 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

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

Charter Savings Bank

1.11%

Fixed Rate Bonds

Paragon Bank (5 years)

2.25%

Variable Rate ISAs

Hinckley & Rugby Building Society (120 days notice)

1.20%

Fixed Rate Cash ISAs

Paragon Bank (5 years)

1.80%

Notice Accounts

Charter Savings Bank (120 days)

1.35%

Monthly Income

Paragon Bank (5 years)

2.23% 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%

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.