Savings News & Alerts

Written by our founders Anna and Sue

Rate Alerts

Regular updates on the savings market

🔔 Good deals still available - but don't delay!

Author: Anna Bowes
31st August 2016

Savings Champion Rate Alert

Wednesday 31st August 2016
 
Savers have suffered recently as top-paying accounts continue to drop out of the best buy tables, though, even in these tough times, there are good deals to be found. However, if you see an account you are interested in, you shouldn’t delay, but rather act before it disappears from the market.
 
One of the most positive areas of the market for savers remains high interest current accounts, as the rates on offer are far ahead of the best available from standard savings accounts. Even with a rate cut, the returns are likely to be higher than you can get elsewhere.
 
Understandably, many of you have been in touch recently with concerns about falling rates and there have been a lot of enquiries about fixed rate accounts. Certainly these accounts may be worth considering as part of a balanced savings portfolio, especially in these uncertain times. But remember, it is important to keep some money accessible for a rainy day.

So, with all this in mind, please find below a summary of some of the top-paying accounts currently on the market. If you need any help with your savings, please get in touch on0800 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%
Charter Savings Bank 1 Year Fixed Rate Bond £1,000+ 1.46%
Close Brothers Savings 3 Year Fixed Term Deposit £10,000+ 1.70%
Aldermore Fixed Rate Savings Account - 5 Year £1,000+ 2.00%
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

Aldermore (5 years)

2.00%

Variable Rate ISAs

Clydesdale Bank / Yorkshire Bank

1.50%

Fixed Rate Cash ISAs

United Trust Bank (5 years)

1.75%

Notice Accounts

 Bank and Clients

1.50%

Monthly Income

Aldermore (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 / Nationwide 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.