🔔 New market leading accounts

Author: Anna Bowes
02nd December 2016

Savings Champion Rate Alert

Friday 2nd December 2016

In recent weeks, we have seen a number of competitive fixed rate bonds enter the savings market and today is no exception, with a market leading rate launched by Secure Trust Bank. However, with the focus on fixed rates, Tesco Bank's new easy access account is a welcome addition to our best buy tables.

Tesco Bank has launched a new version of its Internet Saver, paying a joint market leading 1% gross/AER, although this does include an introductory bonus, unlike RCI Bank^ and NS&I, who are also both paying 1% gross/AER.

For those looking to maximise their interest, it is worth noting that high interest current accounts offer rates far in excess of standard easy access accounts, with rates of up to 5% AER from the likes of Nationwide.

Following the recent trend, new and improved fixed rate bonds keep on coming, the latest from Secure Trust Bank, offering a market leading rate of 1.41% gross/AER for 1 year. To compare this to the rest of the market or for those looking for a longer term, please see ourFixed Rate Bond Best Buy Tables.

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

1.00%

Fixed Rate Bonds

Masthaven Bank (5 years)

2.01%

Variable Rate ISAs

Coventry Building Society

1.10%

Fixed Rate Cash ISAs

Virgin Money (5 years)

1.51%

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