Savings News & Alerts

Written by our founders Anna and Sue

Rate Alerts

Regular updates on the savings market

🔔 New market-leader in our easy access best buy table!

Author: Anna Bowes
08th August 2017

Savings Champion Rate Alert

Tuesday 8th August 2017

  

 

Today we have seen another improvement made in the easy access domain, with a new market-leading rate launched.

Bank of Cyprus UK has taken the lead in our easy access best buy table with a new version of its Online Easy Access Account, paying 1.30% gross/AER. It is important to be aware that this rate includes a 0.70% bonus for the first 12 months, after which point the rate will fall significantly.

Subsequently, Ulster Bank has slipped down in to second position, paying 1.25% gross/AER on its eSavings account, whilst we continue to see RCI Bank^ and Shawbrook Bank pay 1.20% gross/AER on their respective accounts.

Alternatively, for those looking to utilise this years' ISA allowance and keep easy access to funds, the market-leading rate is on offer from Leeds Building Society, paying 1.05% tax free/AER on its Limited Issue Online Access ISA.

For more information on each of these accounts, and other market-leading rates, please refer to our best buy tables.

If you would like any help with your savings, please call us on 0800 321 3581, we’d love to hear from you.

Best Savings Deals Summary

Best Buy Table

Best Account(s)

Best Rate (AER)

High Interest Paying Current Account *

Nationwide Building Society

5.00%

Easy Access

Bank of Cyprus UK

1.30%

Fixed Rate Bonds

Vanquis Bank (5 years)

2.50%

Variable Rate ISAs

Hinckley & Rugby Building Society (120 days notice)

1.20%

Fixed Rate Cash ISAs

United Trust Bank (5 years)

2.10%

Notice Accounts

Secure Trust Bank (180 days)

1.65%

Monthly Income

Vanquis Bank (5 years)

2.47% gross

Regular Savings

Nationwide Building Society / First Direct / M&S Bank / Santander

5.00%

Children's Accounts

Saffron Building Society / Halifax 
(Regular Savers)

4.00%

Junior ISAs

Coventry Building Society

3.25%

Help to Buy ISAs

Barclays

2.27%

Sharia Accounts

BLME (5 years)

2.50%

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.

*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.

^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.