Challenger banks continue to spur on competition in the fixed rate bond market.

This time, it's Ikano Bank grabbing the headlines following the launch of a new range of fixed rate bonds.

This includes the new market-leading 3, 4 and 5 year fixed rate bonds.

The provider's Fixed 3 Year Saver Account, paying 2.21% gross/AER heads our table, just edging NS&I off the top spot.

Interesting to note, the three new market-leading rates from Ikano Bank have all taken the lead by just 0.01% in our respective tables.

It is important to be aware that funds held with Ikano Bank are covered under the Swedish Deposit Insurance Scheme (the equivalent of the FCSC).

If you would like any help with you savings call us today on 0800 011 9705. We'd love to hear from you.

Best Savings Deals Available Today

Fixed Rate ISAs

Virgin Money
Best Rate (AER): 1.51%
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Fixed Rate Bonds

The Access Bank UK
Best Rate (AER): 1.85%
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Sharia Accounts

BLME*
Best Rate (AER): 2.00%
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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.

†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.