Savings News & Alerts

Written by our founders Anna and Sue

Rate Alerts

Regular updates on the savings market

🔔 New Best Buy ISAs

Author: Anna Bowes
26th May 2016

Savings Champion Rate Alert

Thursday 26th May 2016
This month, Shawbrook Bank has been fairly active in the savings market, launching a number of new best buys, with Fixed Rate Cash ISAs the latest to be launched.

Earlier in the month, the provider entered our Easy Access Best Buy Table and then followed this up by launching some of the highest paying Notice Accounts currently available.

The Fixed Rate Cash ISAs launched today, are some of the very best on the market. For more information, take a look at our Fixed Rate Cash ISA Best Buy Tables.
It is good to see some improvements being made and it remains important to utilise a range of different accounts that suit your circumstances.

Don't forget that some of the best returns can be found amongst High Interest Current Accounts, albeit usually on smaller balances.

Therefore it is worth considering a balanced approach to your savings, using the best rates on the market and remember, you do not have to switch your current account to take advantage of any of the rates in the table below.
 
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%
Click here for our 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

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

Virgin Money

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.