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Written by our founders Anna and Sue

Rate Alerts

Regular updates on the savings market

🔔 Top rates disappearing - which areas of the market have suffered least?

Author: Anna Bowes
23rd August 2016

Savings Champion Rate Alert

Tuesday 23rd August 2016

With top rates continuing to drop out of our best buy tables, you could be forgiven for thinking that it is all doom and gloom for savers at the moment. However, there are some areas of the market that have, so far, remained relatively unchanged by providers.

The first port of call is High Interest Current Accounts, which continue to offer an effective way for savers to boost their overall returns. 

The good news is that many of these current accounts allow you to take advantage of the high returns on offer, without having to switch your main account.

Another area where you can maximise returns, particularly if you are putting money aside on a monthly basis are Regular Savings Accounts. Interest rates of up to 6% are available and can be combined with a High Interest Current Account for even greater returns.

Children seem to be faring better than adults when it comes to savings at the moment, withChildren’s Savings Accounts paying higher rates than standard equivalents and fewer changes in the market. 

So, with all this in mind, please find below a summary of some of the top-paying accounts currently on the market. If you need any help with your savings, please get in touch on0800 321 3581, we’d love to hear from you.

Provider Account Name Balance AER
TSB Bank

Classic Plus Account

£1 - £2,000

 5.00%

Nationwide Building Society

 FlexDirect Current Account

£1 - £2,500

 5.00%
First Direct Regular Saver Account

£25 - £300 pm

 6.00%

M&S Bank

 Monthly Saver

£25 - £250 pm

 6.00%

Halifax

 Kids' Regular Saver

£10 - £100 pm

 4.00%
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*

1.20%

Fixed Rate Bonds

Aldermore (5 years)

2.00%

Variable Rate ISAs

Clydesdale Bank / Yorkshire Bank

1.50%

Fixed Rate Cash ISAs

United Trust Bank (5 years)

1.95%

Notice Accounts

 Bank and Clients

1.50%

Monthly Income

Clydesdale Bank / Yorkshire Bank (5 years)

2.18%

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

Virgin Money

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.