Savings News & Alerts

Written by our founders Anna and Sue

Rate Alerts

Regular updates on the savings market

🔔 Inflation falls - but does your account beat it?

Author: Anna Bowes
17th May 2016

Savings Champion Rate Alert

Tuesday 17th May 2016
Today it was announced that inflation, as measured by the Consumer Prices Index (CPI), fell to 0.30%.

With over 600 savings accounts paying a paltry 0.30% or less, this means that approximately 14% of all accounts are not beating inflation.

So, if any of your accounts are paying less than inflation or you simply wish to increase your return, here’s a few of the highest rates available.
 
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%

Punjab National Bank

 Fixed Deposit Account - 5 Years

£1,000

 2.75%
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

Punjab National Bank (5 years)

2.75%

Variable Rate ISAs

Clydesdale Bank

1.50%

Fixed Rate Cash ISAs

Punjab National Bank (5 years)

2.50%

Notice Accounts

 Shawbrook Bank

1.70%

Monthly Income

Punjab National Bank (5 years)

2.75%

Regular Savings

First Direct / M&S Bank

6.00%

Children's Accounts

Halifax (Regular Saver)

6.00%

Junior ISAs

Halifax

4.00%

Help to Buy ISAs

Santander / Penrith

4.00%

* 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.