Savings News & Alerts

Written by our founders Anna and Sue

Rate Alerts

Regular updates on the savings market

🔔 New market leading bonds and ISAs launched

Author: Anna Bowes
29th July 2016

Savings Champion Rate Alert

Friday 29th July 2016
Today, Paragon Bank launched market leading Fixed Rate Bonds and Fixed Rate Cash ISAs.

The new 3 Year Fixed Rate Bond is paying 2.00% gross/AER and the 5 Year Fixed Rate Bond is paying 2.30% gross/AER.

The 2 Year Fixed Rate Cash ISA is paying 1.50% tax free/AER and the 3 Year Fixed Rate Cash ISA is paying 1.70% tax free/AER.

Interestingly, these are the first cash ISAs available from this provider that are not restricted to existing customers only and its great to see such competitive rates right from the outset.
Whilst fixed rates are great in many situations, they are not always suitable. So, below is a selection of some of the best variable rate accounts, either as an alternative or together with fixed rates in a balanced portfolio.
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%
Santander

123 Current Account

£3,000 - £20,000

 3.00%

RCI Bank

 Freedom Savings Account

£100

 1.45%

Charter Savings Bank

 95 Day Notice - Issue 10

£1,000

 1.61%
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*

1.45%

Fixed Rate Bonds

Paragon Bank (5 years)

2.30%

Variable Rate ISAs

Clydesdale Bank / Yorkshire Bank

1.50%

Fixed Rate Cash ISAs

United Trust Bank (5 years)

1.95%

Notice Accounts

 Charter Savings Bank

1.61%

Monthly Income

Paragon Bank (5 years)

2.28%

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 / Nationwide Building Society

3.25%

Help to Buy ISAs

Buckinghamshire Building Society

3.00%

* 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.