Savings News & Alerts

Written by our founders Anna and Sue

Rate Alerts

Regular updates on the savings market

🔔 Top rates disappearing fast - time to act!

Author: Anna Bowes
03rd August 2016

Savings Champion Rate Alert

Wednesday 3rd August 2016
We seem to be living in uncertain times at the moment and with many predicting a cut in the Bank of England base rate tomorrow, it is perhaps no surprise to see a number of providers withdrawing their top-paying savings accounts. What we do know is that there are still good deals out there, but it’s important not to delay, as they are not necessarily going to hang around.

High Interest Current Accounts remain head and shoulders above the rest of the market and you can often use them without having to switch your main account. Fixed rate accounts are also worth considering for those who are uncertain about what will happen to rates going forward, but again, if you are interested in opening them, it would be best to act quickly before the top rates disappear.

So, don’t put off switching to a better deal, below is a summary of some of the top-paying accounts currently on the market to get you started and if you need any help, please get in touch on 0800 321 3581.
Provider Account Name Balance AER
TSB Bank

Classic Plus Account

£1 - £2,000

 5.00%

Nationwide Building Society

 FlexDirect Current Account

£1 - £3,000

 5.00%
RCI Bank

Freedom Savings Account

£100

 1.45%

Paragon Bank

 One Year Fixed Rate Account

£1,000

 1.55%

Paragon Bank

 Five Year Fixed Rate Account

£1,000

 2.30%
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

Paragon Bank (5 years)

2.30%

Variable Rate ISAs

Clydesdale Bank / Yorkshire Bank

1.50%

Fixed Rate Cash ISAs

United Trust Bank (5 years)

1.95%

Notice Accounts

 Charter Savings Bank

1.61%

Monthly Income

Paragon Bank (5 years)

2.28%

Regular Savings

First Direct / M&S Bank

6.00%

Children's Accounts

Halifax / Saffron Building Society (Regular Saver)

4.00%

Junior ISAs

Coventry Building Society / Nationwide Building Society

3.25%

Help to Buy ISAs

Halifax

2.50%

* 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.