Savings News & Alerts

Written by our founders Anna and Sue

Rate Alerts

Regular updates on the savings market

🔔 Rates continue to rise...

Author: Anna Bowes
07th February 2017

Savings Champion Rate Alert

Tuesday 7th February 2017
The West Brom is the latest in a line of providers to launch a competitive easy access account, which can now be found in our Easy Access Best Buy Table. The WeBSave Bonus Saver 2 is paying 1.05% gross/AER, although this includes a 0.35% gross/AER bonus.

Still offering a higher rate, RCI Bank^ is paying a market-leading 1.10% gross/AER and unlike a number of alternatives, this rate doesn't include any bonus or restrictions.

Masthaven Bank has today made improvements to some of its rates, with its 2 year fixed rate bond joining its 3 and 4 year bonds at the top end of our best buy tables.

Interestingly, the provider gives you the option to choose your own term, so for the exact interest rate for your chosen term, please see Masthaven Bank's website. Below is a summary of some of the more common terms.

1 Year Fixed Term Bond - 1.25% gross/AER
2 Year Fixed Term Bond - 1.58% gross/AER
3 Year Fixed Term Bond - 1.70% gross/AER
4 Year Fixed Term Bond - 1.83% gross/AER
5 Year Fixed Term Bond - 1.96% gross/AER

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

Atom Bank / Ikano Bank~ (5 years)

2.05%

Variable Rate ISAs

 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

Atom Bank / Ikano Bank~ (5 years)

2.03%

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.

~Deposits held with Ikano Bank are covered up to the value of €100,000 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 on 0800 321 3581.