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Savings accounts

Compare the best savings rates available

Compare savings accounts today with Money Expert's free and easy-to-use comparison service and we'll make sure to get you the best interest rates available so you can earn, save, and earn on your savings.

Guide to Savings.

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  • Notice
  • Interest
    • Paid
    • Gross Rate
  • Deposit
    • Minimum
    • Maximum
  • Apply
Provider:
Notice period:
Instant Access
Interest paid:
monthly
Interest Rate:
1.24%
Minimum deposit:
£500
maximum deposit:
£5,000,000
Apply:
More Info

Minimum deposit amount of £500. Interest paid on balances above £500 and below £1,000,000. Account managed online or by visiting our branch. Interest paid on a monthly basis. Deposits protected under the Financial Services Compensation Scheme.

State Bank of India | Instant Access Savings Account Issue 4

Provider:
Notice period:
30 days
Interest paid:
annually
Interest Rate:
1.25%
Minimum deposit:
£1,000
maximum deposit:
£1,000,000
Apply:
More Info

Want a great interest rate and added flexibility? Our Notice Savings Account gives you exactly that. Provided you stick to the notice period for withdrawing cash, you can make as many deposits and withdrawals as you like. The interest rate on our 30 Day Notice Account is guaranteed to be at least 0.55% above Base Rate until 1 May 2015.

Aldermore | 30 Day Notice Account Issue 5

Provider:
Notice period:
Interest paid:
annually
Interest Rate:
1.50%
Minimum deposit:
£1
maximum deposit:
£1,000,000
Apply:
More Info

Instant Access ISA. Earn tax free interest of 1.50% AER (variable) on balances of at least £25,000. 1.00% AER (variable) on balances below £25,000. Transfers allowed in – bring all your cash ISAs together in one place. Instant access – manage your account by phone, in-branch and online. Tax free interest means interest payable is exempt from UK income tax.

Royal Bank of Scotland | Instant Access ISA

Provider:
Notice period:
Interest paid:
monthly
Interest Rate:
1.49%
Minimum deposit:
£1
maximum deposit:
£99,999,999
Apply:
More Info

Earn tax free interest of up to 1.50% AER (variable) on balances of at least £25,000. 1.00% AER (variable) on balances below £25,000. Transfers in allowed - bring all your cash ISAs together in one place. Instant access - manage your account by phone, post, in-branch and online. Interest paid monthly. Tax free interest means interest payable is exempt from UK income tax.

NatWest | Cash ISA

Provider:
Notice period:
Interest paid:
annually
Interest Rate:
1.25%
Minimum deposit:
£1,000
maximum deposit:
£1,000,000
Apply:
More Info

With our Notice Cash ISA you can build up your funds over time, enjoy great tax-free rates - and as long as you give us notice, you can make as many withdrawals as you like.

Aldermore | 30 Day Notice Cash ISA (Issue 5)

Provider:
Notice period:
1 year
Interest paid:
half-yearly
Interest Rate:
1.65%
Minimum deposit:
£20,000
maximum deposit:
£99,999,999
Apply:
More Info

Minimum deposit amount of £20,000 with interest paid on a semi-annual basis. Available to individuals 18 years and over, UK resident with a permanent UK address. Up to £85,000 per depositor is protected by FSCS. Account managed via email or by visiting a branch. 

Jordan International Bank | 1 Year Fixed Rate Deposit Account

Provider:
Notice period:
5 years
Interest paid:
annually
Interest Rate:
3.25%
Minimum deposit:
£1,000
maximum deposit:
£250,000
Apply:
More Info

Vanquis Bank High Yield - guaranteed savings rate for 5 years. Deposit between £1,000 to £250,000 for FIVE YEARS in ONE PAYMENT and benefit from a guaranteed savings rate of 3.25% gross/AER based on an annual interest option. Monthly interest option also available (see website for details). Sole or Joint Accounts. Restricted to UK residents 18 years or older. No additional deposits, withdrawals or closure during term. Vanquis Bank Limited is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority. Vanquis Bank High Yield is only available online.

Vanquis Bank Ltd | 5 Year High Yield Bond

Provider:
Notice period:
5 years
Interest paid:
annually
Interest Rate:
3.10%
Minimum deposit:
£1,000
maximum deposit:
£1,000,000
Apply:
More Info

Protect your hard-earned savings from interest rate fluctuations with our fixed rate savings account - sometimes known as a fixed rate bond. You'll enjoy peace of mind knowing exactly how much interest you'll earn day in, day out.

Aldermore | 5 Year Fixed Rate Bond

Provider:
Notice period:
4 years
Interest paid:
annually
Interest Rate:
2.91%
Minimum deposit:
£1,000
maximum deposit:
£250,000
Apply:
More Info

Vanquis Bank High Yield - guaranteed savings rate for 4 years. Deposit between £1,000 to £250,000 for FOUR YEARS in ONE PAYMENT and benefit from a guaranteed savings rate of 2.91% gross/AER based on an annual interest option. Monthly interest option also available (see website for details). Sole or Joint Accounts. Restricted to UK residents 18 years or older. No additional deposits, withdrawals or closure during term. Vanquis Bank Limited is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation AuthorityVanquis Bank High Yield is only available online.

Vanquis Bank Ltd | 4 Year High Yield Bond

Provider:
Notice period:
4 years
Interest paid:
annually
Interest Rate:
2.90%
Minimum deposit:
£1,000
maximum deposit:
£1,000,000
Apply:
More Info

Protect your hard-earned savings from interest rate fluctuations with our fixed rate savings account - sometimes known as a fixed rate bond. You'll enjoy peace of mind knowing exactly how much interest you'll earn day in, day out.

Aldermore | 4 Year Fixed Rate Bond

Provider:
Notice period:
5 years
Interest paid:
annually
Interest Rate:
2.90%
Minimum deposit:
£25,000
maximum deposit:
£1,000,000
Apply:
More Info

Minimum deposit amount of £25,000, maximum deposit amount of £1,000,000.  Interest paid monthly, yearly or on maturity. Account managed online or by visiting a branch. Withdrawals, early closures or additional deposits are not allowed during the tenure.  Deposits protected under the Financial Services Compensation Scheme.

State Bank of India | Online 5 Year Fixed Term Deposit

Provider:
Notice period:
3 years
Interest paid:
annually
Interest Rate:
2.70%
Minimum deposit:
£1,000
maximum deposit:
£1,000,000
Apply:
More Info

Protect your hard-earned savings from interest rate fluctuations with our fixed rate savings account - sometimes known as a fixed rate bond. You'll enjoy peace of mind knowing exactly how much interest you'll earn day in, day out.

Aldermore | 3 Year Fixed Rate Bond

Provider:
Notice period:
3 years
Interest paid:
annually
Interest Rate:
2.50%
Minimum deposit:
£1,000
maximum deposit:
£1,000,000
Apply:
More Info

Whether you are saving to build up your nest egg or for your retirement, our 3 Year Fixed Rate Bond offers you a competitive rate of interest. 2.50% Gross/AER.

Bank of Cyprus | UK 3 Year Bond

Provider:
Notice period:
3 years
Interest paid:
annually
Interest Rate:
2.50%
Minimum deposit:
£1,000
maximum deposit:
£250,000
Apply:
More Info

Vanquis Bank High Yield - guaranteed savings rate for 3 years. Deposit between £1,000 to £250,000 for THREE YEARS in ONE PAYMENT and benefit from a guaranteed savings rate of 2.50% gross/AER based on an annual interest option. Monthly interest option also available (see website for details). Sole or Joint Accounts. Restricted to UK residents 18 years or older. No additional deposits, withdrawals or closure during term. Vanquis Bank Limited is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority. Vanquis Bank High Yield is only available online.

Vanquis Bank Ltd | 3 Year High Yield Bond

Provider:
Notice period:
Interest paid:
annually
Interest Rate:
2.25%
Minimum deposit:
£1,000
maximum deposit:
£500,000
Apply:
More Info

With our Fixed Rate Cash ISA you get a great return thanks to our guaranteed interest rate, and it's tax-free, too. Offers a rate of 2.25% AER/Gross p.a.

Aldermore | 3 Year Fixed Rate Cash ISA

Provider:
Notice period:
Interest paid:
annually
Interest Rate:
2.00%
Minimum deposit:
£1,000
maximum deposit:
£500,000
Apply:
More Info

With our Fixed Rate Cash ISA you get a great return thanks to our guaranteed interest rate, and it's tax-free, too. Offers a rate of 2.00% AER/Gross p.a.

Aldermore | 2 Year Fixed Rate Cash ISA

Provider:
Notice period:
2 years
Interest paid:
annually
Interest Rate:
1.80%
Minimum deposit:
£1,000
maximum deposit:
£1,000,000
Apply:
More Info

Protect your hard-earned savings from interest rate fluctuations with our fixed rate savings account - sometimes known as a fixed rate bond. You'll enjoy peace of mind knowing exactly how much interest you'll earn day in, day out.

Aldermore | 2 Year Fixed Rate Bond

Provider:
Notice period:
2 years
Interest paid:
annually
Interest Rate:
1.76%
Minimum deposit:
£1,000
maximum deposit:
£250,000
Apply:
More Info

Vanquis Bank High Yield - guaranteed savings rate for 2 years. Deposit between £1,000 to £250,000 for TWO YEARS in ONE PAYMENT and benefit from a guaranteed savings rate of 1.76% gross/AER based on an annual interest option. Monthly interest option also available (see website for details). Sole or Joint Accounts. Restricted to UK residents 18 years or older. No additional deposits, withdrawals or closure during term. Vanquis Bank Limited is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation AuthorityVanquis Bank High Yield is only available online.

Vanquis Bank Ltd | 2 Year High Yield Bond

Provider:
Notice period:
Interest paid:
annually
Interest Rate:
1.65%
Minimum deposit:
£1,000
maximum deposit:
£500,000
Apply:
More Info

With our Fixed Rate Cash ISA you get a great return thanks to our guaranteed interest rate, and it's tax-free, too. Offers a rate of 1.65% AER/Gross p.a.

Aldermore | 1 Year Fixed Rate Cash ISA

Provider:
Notice period:
1 year
Interest paid:
annually
Interest Rate:
1.60%
Minimum deposit:
£1,000
maximum deposit:
£1,000,000
Apply:
More Info

Protect your hard-earned savings from interest rate fluctuations with our fixed rate savings account - sometimes known as a fixed rate bond. You'll enjoy peace of mind knowing exactly how much interest you'll earn day in, day out.

Aldermore | 1 Year Fixed Rate Bond

Provider:
Notice period:
11/08/2016
Interest paid:
annually
Interest Rate:
1.35%
Minimum deposit:
£5,000
maximum deposit:
£500,000
Apply:
More Info

Earn a fixed interest rate of 1.35% AER/Gross p.a.

NatWest | 2 Year Fixed Rate Bond

Provider:
Notice period:
11/08/2016
Interest paid:
annually
Interest Rate:
1.35%
Minimum deposit:
£5,000
maximum deposit:
£500,000
Apply:
More Info

Earn a fixed interest rate of 1.35% AER/Gross p.a.

Royal Bank of Scotland | 2 Year Fixed Rate Bond

Provider:
Notice period:
11/08/2015
Interest paid:
annually
Interest Rate:
1.10%
Minimum deposit:
£5,000
maximum deposit:
£500,000
Apply:
More Info

Earn a fixed interest rate of 1.10% AER/Gross p.a.

NatWest | 1 Year Fixed Rate Bond

Provider:
Notice period:
11/08/2015
Interest paid:
annually
Interest Rate:
1.10%
Minimum deposit:
£5,000
maximum deposit:
£500,000
Apply:
More Info

Earn a fixed interest rate of 1.10% AER/Gross p.a.

Royal Bank of Scotland | 1 Year Fixed Rate Bond

Provider:
Notice period:
Interest paid:
annually
Interest Rate:
1.00%
Minimum deposit:
£10
maximum deposit:
£100,000
Apply:
More Info

Offers a rate of 1.00% AER (Variable). Minimum balance £10.

Scottish Widows Bank | E- Cash ISA 2

Provider:
Notice period:
Instant Access
Interest paid:
annually
Interest Rate:
1.00%
Minimum deposit:
£1,000
maximum deposit:
£5,000,000
Apply:
More Info

Offers a rate of 1.00% Gross/AER (Variable). Minimum balance £1,000.

Scottish Widows Bank | Direct Transfer 2

Provider:
Notice period:
Instant Access
Interest paid:
quarterly
Interest Rate:
0.75%
Minimum deposit:
£1
maximum deposit:
£99,999,999
Apply:
More Info

Balances from £1 receive a rate of 0.50% AER / 0.50% Gross p.a. (variable) rising to 0.75% AER / 0.75% Gross p.a.(variable) for balances of £25,000 or more. Quarterly interest paid directly into your account.

NatWest | Instant Saver

Provider:
Notice period:
Instant Access
Interest paid:
annually
Interest Rate:
0.75%
Minimum deposit:
£1
maximum deposit:
£1,000,000
Apply:
More Info

Balances from £1 receive a rate of 0.50% AER / 0.50% Gross p.a. (variable) rising to 0.75% AER / 0.75% Gross p.a. (variable) for balances of £25,000 or more. Annual interest paid directly into your account.

Royal Bank of Scotland | Instant Saver

What are savings accounts?

A savings account is a simple and safe way to store away some of your money and earn interest while keeping it accessible. Savings accounts are deposit-based, meaning that you can put money in whenever you want, except for fixed term savings, which usually only allows money to be invested at the beginning of the account’s term. Often, people will save a percentage of their salary into their savings account each time they are paid. By continually depositing small amounts regularly you can save money without it interfering with your daily life and when that rainy day comes along, you'll be ready.

Other products similar to savings accounts include ISAs. A cash ISA is the same as a savings account, only the interest earned on it is tax-free. As such, if you are thinking about putting some money away, it is worth considering an ISA if it is an option for you. For more on ISAs, see these articles:

A stocks and shares ISA, as with any other form of investment, will come with the chance of your savings increasing in value by a lot more than standard interest rates would allow, but with this comes the potential risk that you may of lose some of your initial investment.

Protection

There are various regulations in place in order to protect customers from bank misconduct, ensuring that there are no hidden fees or clauses and that all banks and building societies provide an honest and fair service.

Until March 2013, all of this was regulated by the Financial Conduct Authority (FCA) and much of banks' conduct was controlled by FCA Payment Services Regulations 2009. The FCA has since split into two organisations, the Prudential Regulation Authority (PRA) and the Financial Conduct Authority (FCA).

  1. Compare the Best Savings Accounts Available in the UK

    Compare with Money Expert and we'll get you the best savings accounts rates available in the country. We're committed to providing a good, impartial, free service helping you save your money in the most viable way possible.

  2. Selecting the Best Savings Account for me

    As with current accounts, savings accounts can differ vastly from bank to bank. As well as interest rates and minimum deposit limits, some accounts will come with free perks and all sorts of other benefits to try and draw you in. We'll help you go through all the best accounts available so that you can pick the one that suits you best.

  3. 3. The Advantages of Finding the Best Interest Rates

    The higher the interest rates are, the quicker your savings will grow, it’s as simple as that. The importance of finding the best interest rates is clear, and so when you compare savings accounts with us, we'll show you the accounts with the best rates available in the UK.

Why start saving?

The reasons to start saving are clear as day. You never know when you might need that extra bit of cash, and if you do, the reasons for having money stored away in a savings account speak for themselves.

Prepare for the future by finding the best savings accounts with Money Expert and start putting money away today. There are some things you can't plan for, but with the right savings account you can make sure that you are prepared for most financial eventualities. Whether you're putting it aside to help fund your children’s futures, to get yourself that special something you've been after or just in case of large unexpected bills, there are no bad reasons to put money away in a savings account.

Having money in savings helps reduce the need to borrow any or to take out a credit card, helping both your financial stability and your credit profile. By avoiding future debt you are avoiding one of the most common causes of worry and stress in this day and age, and freeing yourself up generally.

Having the right savings account can be a blessing in times of need, but it is important not to save more than you can afford to. That is, work out how much you can afford to put into savings each month after having paid all of your household bills and general living expenses. It is also important to take tax into account; with an account like a Cash ISA, no tax is paid on the interest earned, but you can only invest a limited amount in a Cash ISA each year. By browsing Money Expert's guides and comparison services you'll be able to easily find the right account for you to start saving right away.

TIP: Open up a savings account for safe, and sometimes, shorter-term, savings.
TIP: Make sure you pay off all your debt before you start saving!
TIP: Make sure you budget and work out how much you can afford to save.

Other Savings products Which May Suit Your Needs:

  • Cash ISAs A cash ISA works in the same way as a standard savings account, only all of the interest earned is tax-free. Because of this there is a limit to how much you can invest in an ISA each year.
  • CashFixed Rate ISAs A fixed rate ISA is an ISA with an interest rate which is set at the beginning and does not change. This comes with added security as your interest rates are guaranteed not to go down, but the interest may also lose value according with inflation.
  • Fixed Rate Bonds As with a fixed rate ISA, a fixed rate bond is one where the interest rate coupon is set at a fixed level and fixed at the beginning of the investment. This comes with the same pros and cons of a fixed rate ISA.
  • Notice Accounts Notice savings accounts offer higher interest rate than instant access savings accounts but require you to give notice if yiou wish to withdraw your money. If you don’t give notice, you have to pay a form of penalty – such as loss of interest for a number of days.
  • Regular Savings Accounts Regular savings accounts are designed for you to save money for a fixed period – usually a year. They offer higher interest rates than instant access savings accounts but have stricter terms and conditions, including the amount you can save each month, forcing you to make a deposit each month and limiting access to your money – such as one withdrawal only per year.

Frequently Asked Questions

How often is interest paid on my savings?

This will depend on the specific account. With some accounts, the interest is calculated daily but paid annually, sometimes it is both calculated and paid monthly. You'll be able to find out how often the account you choose pays its interest easily.

Why use Money Expert to find me the best savings rates?

Our free and impartial service is easy to use, trusted and gets results. We'll find you the best deals on the best savings accounts available without any obligation or fee required from you.

What are the top savings accounts available?

The range of accounts available is vast and will vary year in year out. Head over to our savings accounts comparison page and you'll be able to clearly see the best accounts available at the moment.

How do I achieve the best interest rates on savings?

The easiest way to make sure you get the best interest rates on your savings account is to shop around through Money Expert using our handy comparison service.

What is the minimum deposit for high interest saving accounts?

Again, this will change depending on the specific account you are looking at, but we'll show you clearly if there is a minimum deposit limit on the account you're after.

How much interest will I earn in one year?

This will depend on the account you choose, but is easy to find out, and by browsing accounts using our savings account comparison service you can be sure that you'll get the best annual interest rates available.

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