Just 24 hours after the Bank of England announced the base rate rise, we have a new market-leader.

Paragon Bank has launched a new version of its 1 year fixed rate bond, paying 1.86% gross/AER.

This sees the provider take the lead for the given term, albeit by just 0.01% over its closest competitor.

This is obviously not the 0.25% increase that many savers would hope for, but it is still an encouraging sign nonetheless. 

For those looking at fixed rates for a longer period, Ikano Bank continues to hold the top spot paying 2.46% gross/AER on its 5 year bond.

As with many of the leading rates, accounts from the aforementioned providers can only be opened online.

If you would like any help with your savings, call us today on 0800 011 9705. We'd love to hear from you.

Best Savings Deals Available Today

Easy Access Accounts

RCI Bank*^
Best Rate (AER): 1.30%
Apply here >>

Birmingham Midshires
Best Rate (AER): 1.30%
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Fixed Rate Bonds

Vanquis Bank*
Best Rate (AER): 2.25%
Apply here >>

Fixed Rate ISAs

Coventry Building Society
Best Rate (AER): 2.00%
Apply here >>

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> Easy Access
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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.

†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.