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Written by our founders Anna and Sue

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🔔 🔔 A plethora of new best buys hit the market as inflation falls

Author: Anna Bowes
18th April 2018
Today, the ONS (Office for National Statistics) announced that CPI inflation has dropped to its lowest point in 12 months - now standing at 2.50%.

As a result, the new fixed rate bonds from PCF Bank that were launched today, along with a number of existing long-term bonds, now beat CPI inflation.
 

The latest version of PCF Bank's five year account pays 2.60% gross/AER. This account is only trumped by the trio of Vanquis Bank*, Secure Trust Bank and United Bank UK*, each paying 2.65% gross/AER.
 

PCF Bank also launched a new four year product, pushing the provider up to second position in our table, paying 2.40% gross/AER. This time it's beaten only by Vanquis Bank*.

Additionally, PCF Bank's new seven year account pays 2.75% gross/AER, matching the market-leading rate offered by Secure Trust Bank.
 
Elsewhere, Secure Trust Bank has returned to our one and two year tables, paying 1.83% gross/AER and 2.10% gross/AER, taking second position in the respective tables.
 
Finally, United Trust Bank launched a new version of its one year bond, joining Wyelands Bank* at the top of our table, both paying 1.85% gross/AER.
 
Additional information on these accounts and other leading rates across the savings market can be found via the links below.
 
If you would like any help with your savings, call us today on 0800 011 9705. We'd love to hear from you.
 

Best Savings Deals Available Today
 

Easy Access
 
RCI Bank^*
Best Rate (AER): 1.30%
Apply here >>
 
Shawbrook Bank
Best Rate (AER): 1.25%
Apply here >>
 
Ford Money
Best Rate (AER): 1.22%
Apply here >>
 

Fixed Rate ISAs
 
Kent Reliance
Best Rate (AER): 1.48% (1 Year)
Apply here >>
 
Kent Reliance
Best Rate (AER): 1.68% (2 Years)
Apply here >>
 
United Bank UK
Best Rate (AER): 1.87% (3 Years)
Apply here >>
 
United Bank UK
Best Rate (AER): 2.65% (5 Years)
Apply here >>
 
View all the best rates on the market
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 011 9705 to discuss your savings with one of our expert advisers.
 
Share your experience

At Savings Champion we are passionate about getting a good deal for savers – and this means not only recommending providers that offer good rates - but also those that provide great customer service.
 
With this in mind, we would love to hear about your experiences, both good and bad!
 
Please share your experiences by taking five minutes to complete our ‘rate your provider’ survey and help inform your fellow savers about who gives great service and which providers need to improve.
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†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.

*We are occasionally paid by some providers if you click through from our Best Buy Tables and open a savings or current account with them. We will never accept a payment that compromises in any way our independent, whole of market approach to providing information on savings products. For clarity we will indicate those companies who remunerate us with an asterisk (*).

^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.

~Deposits held with Ikano Bank are covered up to the value of £85,000 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.