Savings News & Alerts

Written by our founders Anna and Sue

Rate Alerts

Regular updates on the savings market

🔔 New £150 switching offer

Author: Anna Bowes
04th May 2016

 

Savings Champion Rate Alert
Wednesday 4th May 2016
The Co-operative Bank is the latest provider to offer a cash incentive to switch current accounts. New this week, the provider is looking to tempt in new customers with a generous £150 cash incentive, in addition to earning up to £5.50 per month through its Everyday Rewards scheme, subject to terms and conditions.
This new deal is one of the larger cash incentives currently on the market, however, you do need to switch to take advantage.

For savers not looking to switch current account, you can still earn up to 5% AER with alternative High Interest Current Accounts. Here’s some of the best rates currently 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%
Lloyds Bank

Club Lloyds Current Account

£4,000 - £5,000
4.00%

Santander
123 Current Account 

£3,000 - £20,000
3.00%

Tesco Bank
Current Account

£1 - £3,000
3.00%
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

State Bank of India (5 years)

2.90%

Variable Rate ISAs

Clydesdale Bank

1.50%

Fixed Rate Cash ISAs

Punjab National Bank (5 years)

2.50%

Notice Accounts
Charter Savings Bank

1.55%

Monthly Income

State Bank of India (5 years)

2.90%

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.