🔔 Are you looking for monthly interest from your savings?

Author: Anna Bowes
12th July 2017

Savings Champion Rate Alert

Wednesday 12th July 2017

 

 

Many look to their savings to supplement their monthly income, but the information is not easy to find.

Not all providers offer the option of monthly interest, so we have a dedicated monthly income best buy table to assist those who would like to boost their income.

The top rates currently available for monthly interest are all on offer from Paragon Bank.

5 Year Fixed Rate savings account - 2.42% monthly gross
3 Year Fixed Rate savings account - 2.08% monthly gross
2 Year Fixed Rate savings account - 2.03% monthly gross
1 Year Fixed Rate savings account - 1.83% monthly gross
120 Day Notice (Issue 7) savings account - 1.44% monthly gross

To see how these accounts compare to others in the respective markets, please refer to our best buy tables.

If you would like any help with your savings, please call us on 0800 321 3581, we’d love to hear from you.


 

Best Savings Deals Summary

Best Buy Table

Best Account(s)

Best Rate (AER)

High Interest Paying Current Account *

Nationwide Building Society

5.00%

Easy Access

Ulster Bank

1.25%

Fixed Rate Bonds

Paragon Bank (5 years)

2.45%

Variable Rate ISAs

Hinckley & Rugby Building Society (120 days notice)

1.20%

Fixed Rate Cash ISAs

Paragon Bank (5 years)

1.95%

Notice Accounts

Secure Trust Bank (180 days)

1.65%

Monthly Income

Paragon Bank (5 years)

2.42% gross

Regular Savings

Nationwide Building Society / First Direct / M&S Bank / Santander

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%

Sharia Accounts

BLME (5 years)

2.50%

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.