Savings News & Alerts

Written by our founders Anna and Sue

Rate Alerts

Regular updates on the savings market

🔔 Positive steps in the fixed rate market

Author: Anna Bowes
15th February 2017

Savings Champion Rate Alert

Wednesday 15th February 2017
Following on from the positive news announced over the last few weeks, Masthaven Bank has launched new versions of its 3 and 5 year fixed rate bonds, which now offer market-leading interest rates.

3 Year Fixed Term Bond - 1.76% gross/AER
5 Year Fixed Term Bond - 2.06% gross/AER

In addition, Masthaven Bank gives you the option to choose your exact length of term, so for the interest rate for your chosen term, please see Masthaven Bank's website.
 
Alternatively, for those looking for easy access to their money, higher interest rates can be achieved on smaller balances with the use of High Interest Current Accounts*. With 5% AER available from Nationwide or 3% AER from both TSB Bank and Bank of Scotland. Or, for a standard easy access account, 1.10% gross/AER is available from RCI Bank^.

As always, if you need any help with your savings or would like 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

 RCI Bank^

1.10%

Fixed Rate Bonds

Masthaven Bank / Secure Trust Bank (5 years)

2.06%

Variable Rate ISAs

 Paragon Bank / Teachers Building Society

1.05%

Fixed Rate Cash ISAs

Paragon Bank (5 years)

1.60%

Notice Accounts

 Secure Trust Bank (120 days)

1.20%

Monthly Income

Masthaven Bank (5 years)

2.04%

Regular Savings

Nationwide Building Society / First Direct / M&S Bank

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.