Savings News & Alerts

Written by our founders Anna and Sue

Rate Alerts

Regular updates on the savings market

🔔 Monthly Income Special

Author: Anna Bowes
11th July 2016

Savings Champion Rate Alert

Monday 11th July 2016
Many savers are using the money in their savings accounts to boost their income, especially those who are retired and are relying on a pension. But whatever the reason you prefer monthly interest, you may be surprised to know that not all savings accounts offer this option.

So, please find below a selection of the top-paying accounts that have a monthly income option, click on the links for more information.
 
Provider Account Name Balance Monthly Gross
Nationwide Building Society

FlexDirect Current Account

£1 - £2,500

 4.89%

Santander

 123 Current Account

£3,000 - £20,000

 2.96%
RCI Bank

Freedom Savings Account

£100

 1.44%

Charter Savings Bank

 95 Day Notice - Issue 9

£1,000

 1.54%

Vanquis Bank

 5 Year Fixed Rate Bond

£1,000

 2.29%
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

Vanquis Bank (5 years)

2.31%

Variable Rate ISAs

Clydesdale Bank / Yorkshire Bank

1.50%

Fixed Rate Cash ISAs

Nationwide Building Society (5 years)

2.00%

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.