Savings News & Alerts

Written by our founders Anna and Sue

Rate Alerts

Regular updates on the savings market

🔔 Fixed rates on the rise

Author: Anna Bowes
06th July 2016

Savings Champion Rate Alert

Wednesday 6th July 2016
Following the Brexit vote, many areas of the savings market seem to be at a standstill, as providers wait to see what happens next. However, a couple of providers are going against the trend by increasing the rates on offer.

Newcastle Building Society has increased the rate on its Two Year Fixed Rate ISA (Issue 13) to 1.35% tax free/AER. This account now appears in our Fixed Rate Cash ISA Best Buy Tables.

Late last week, Vanquis Bank increased the rates on offer on its fixed rate bonds, with its 4 Year Fixed Rate Bond paying 2.16% gross/AER and 5 Year Fixed Rate Bond paying 2.31% gross/AER, the most eye catching changes. Both of these bonds now appear in our Fixed Rate Bond Best Buy Tables.

For those looking for more access to their funds, there are still competitive rates on offer, a selection of which are included in the table below.

As always, we only recommend Banks and Building Societies covered by either the UK Financial Services Compensation Scheme (FSCS) or a European equivalent. For more information, please call one of our advisers.
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%

Charter Savings Bank

 95 Day Notice - Issue 9

£1,000

 1.55%
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

Virgin Money / 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.