Savings News & Alerts

Written by our founders Anna and Sue

Rate Alerts

Regular updates on the savings market

🔔 Base rate cuts kick off - time to switch!

Author: Anna Bowes
01st September 2016

Savings Champion Rate Alert

Thursday 1st September 2016
Following last month’s reduction in the Bank of England base rate, many providers have already cut interest rates for savers, with a whole host of changes coming into effect from today.
 
In fact, we have already seen rate cut announcements for over 700 accounts during September so far and there are more planned for October and beyond.
 
We are expecting even more providers to make announcements in the coming weeks and months, so sign-up to our free Rate Tracker Service, to keep up to date with the changes to your accounts, if you haven’t done so already.

However, there are still good deals out there, so now is the time to take action and switch to a higher paying alternative. It is important not to delay, as many top rates have already been withdrawn from the market.

With this in mind, below is a summary of some of the top-paying accounts currently on the market and if you need any help at all with your savings, please call us on 0800 321 3581, we’d love to hear from you.
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%
RCI Bank
Freedom Savings Account
£100+
1.20%
Bank and Clients
90 Day Notice Account
£1,000+
1.50%
Charter Savings Bank
1 Year Fixed Rate Bond
£1,000+
1.46%
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*

1.20%

Fixed Rate Bonds

Clydesdale Bank / Yorkshire Bank (5 years)

2.00%

Variable Rate ISAs

Hinckley and Rugby Building Society

1.20%

Fixed Rate Cash ISAs

United Trust Bank (5 years)

1.75%

Notice Accounts
Bank and Clients

1.50%

Monthly Income

Clydesdale Bank / Yorkshire Bank (5 years)

1.98%

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

3.25%

Help to Buy ISAs

Virgin Money

2.50%

* 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.