Savings News & Alerts

Written by our founders Anna and Sue

Rate Alerts

Regular updates on the savings market

🔔 Provider shores-up best buy positions

Author: Anna Bowes
25th July 2017

Savings Champion Rate Alert

Tuesday 25th July 2017

  

 

Today, we have seen Shawbrook Bank launch improved rates on a variety of its savings products, securing best buy places in multiple tables.

Shawbrook Bank's new version of its Easy Access account, paying 1.20% gross/AER, joins RCI Bank's^ Freedom Savings Account in second position in our table, whilst Ulster Bank continues to hold firm at the top, paying 1.25% gross/AER on its eSavings account.

Across to the fixed rate bonds, we saw Shawbrook Bank take the lead in our 1 year table, paying 1.90% gross/AER.

We also now see the provider feature, with a joint market-leading rate, in our 2 year table paying 2.05% gross/AER, along with its 3 year account paying 2.15% gross/AER entering the fray.

Finally from Shawbrook Bank, a new version of its 2 Year Fixed Rate Cash ISA Bond, paying 1.35% tax free/AER, has entered our table in third position.

To see how the newly-launched accounts compare to others currently available, 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

Ulster Bank

1.25%

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.