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Today, PCF Bank launched new versions of a number of its fixed rate offerings, while we also saw a new leader in the variable rate cash ISA market.
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Following the launch of new two and three year accounts, paying 2.10% gross/AER and 2.30% gross/AER, we now see PCF Bank perched in joint-second position in our respective tables.
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Meanwhile, Wyelands Bank continues to lead the way in our one and two year tables, paying 1.85% gross/AER* and 2.15% gross/AER* respectively and RCI Bank, paying 2.31% gross/AER*, remains at the top of our three year table.
Likewise, Vanquis Bank continues to stand firm atop the four and five year tables, paying 2.52% gross/AER* and 2.65% gross/AER* respectively. Though the leading position in the five year table is held jointly with United Bank UK* and Secure Trust Bank.
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In the variable rate cash ISA market, Al Rayan Bank increased the return on offer on its Instant Access Cash ISA, which was also applied to existing account holders.
The Instant Access Cash ISA now pays 1.35% tax free/AER - the top rate available.
Although offering the top rate, it may not suit all savers, as it is a Sharia compliant account. So, before proceeding ensure you understand and are comfortable with how Sharia compliant accounts differ from the standard versions.
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For more information on these accounts, please refer to our best buy tables via the links below.
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If you would like any help with your savings, call us today on 0800 011 9705. We'd love to hear from you.
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Best Savings Deals Available Today
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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 011 9705 to discuss your savings with one of our expert advisers.
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Share your experience
At Savings Champion we are passionate about getting a good deal for savers – and this means not only recommending providers that offer good rates - but also those that provide great customer service.
With this in mind, we would love to hear about your experiences, both good and bad!
Please share your experiences by taking five minutes to complete our ‘rate your provider’ survey and help inform your fellow savers about who gives great service and which providers need to improve.
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†High interest current accounts often have a number of conditions attached to qualify for the headline rate. Please ensure you carefully read the terms and conditions before proceeding. Many of these current accounts do not require customers to switch their main account.
*We are occasionally paid by some providers if you click through from our Best Buy Tables and open a savings or current account with them. We will never accept a payment that compromises in any way our independent, whole of market approach to providing information on savings products. For clarity we will indicate those companies who remunerate us with an asterisk (*).
^Deposits held with RCI Bank are covered up to the value of €100,000 by the FGDR, which is the French equivalent of the UK Financial Services Compensation Scheme (FSCS). For more information on this, please call one of our advisers.
~Deposits held with Ikano Bank are covered up to the value of £85,000 by the Swedish Deposit Insurance Scheme, which is the Swedish equivalent of the UK Financial Services Compensation Scheme (FSCS). For more information on this, please call one of our advisers.
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