Savings News & Alerts

Written by our founders Anna and Sue

Rate Alerts

Regular updates on the savings market

🔔 New best buys enter the market

Author: Anna Bowes
04th May 2017

Savings Champion Rate Alert

Thursday 4th May 2017
We have seen further changes to our best buy tables today, following the launch of a number of accounts with improved rates.

Virgin Money launched a new best buy 2 year fixed rate cash ISA, along with a new 5 year fixed rate cash ISA, which flew through the field and is now the top rate available. These accounts pay 1.21% tax free/AER and 1.75% tax free/AER respectively, along with the option of monthly interest payments.

We have also seen an appearance in our best buy tables from Raphaels Bank, following the launch of its new 12 and 36 month fixed rate bonds. The 12 month bond paying 1.50% gross/AER holds joint second place in our table, whilst the 36 month bond paying 1.90% gross/AER is in joint third position for the term.

For those who require easy access to their funds, RCI Bank^ continues to stand strong in our best buys, paying the top rate of 1.10% gross/AER on its Freedom Savings Account.

For more information on these accounts and other available products, please refer to our Best Buy Tables.

As always, if you would like any help with your savings or would like to discuss other available 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

Paragon Bank (5 years)

2.25%

Variable Rate ISAs

 Hinckley & Rugby Building Society (120 days notice)

1.20%

Fixed Rate Cash ISAs

Virgin Money (5 years)

1.75%

Notice Accounts

 Paragon Bank (120 days)

1.30%

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.