Savings News & Alerts

Written by our founders Anna and Sue

Rate Alerts

Regular updates on the savings market

🔔 Fixed rates continue to rise - New best buys

Author: Anna Bowes
07th July 2016

Savings Champion Rate Alert

Thursday 7th July 2016
Following the rate alert we sent out yesterday, Virgin Money has joined in on the action by launching competitive fixed rate ISAs.

The new 1 year fixed rate cash ISA is paying 1.30% tax free / AER and the 3 year fixed rate cash ISA is paying 1.50% tax free / AER. Both ISAs now feature in our Fixed Rate Cash ISA Best Buy Tables.

Whist fixed rates are great way for savers to earn a higher interest rate, they do not suit everyone. So, below is a summary of some of the best alternatives to fixed rates. Click on the links for more information.
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%
Santander

123 Current Account 

£3,000 - £20,000

 3.00%

RCI Bank

 Freedom Savings Account

£100

 1.45%

Clydesdale Bank / Yorkshire Bank

 Cash ISA - 40 Day Notice

£15,000

 1.50%
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*

1.45%

Fixed Rate Bonds

Raphaels Bank (5 years)

2.35%

Variable Rate ISAs

Clydesdale Bank / Yorkshire Bank

1.50%

Fixed Rate Cash ISAs

United Trust Bank (5 years)

2.05%

Notice Accounts

 Charter Savings Bank

1.55%

Monthly Income

Vanquis Bank (5 years)

2.29%

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 / Nationwide Building Society

3.25%

Help to Buy ISAs

Buckinghamshire Building Society

3.00%

* 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.