UK Savings accounts best buy tables
Not sure where to put your hard earned cash? Our best-buy table will give you a selection of the most competitive rates and features to help you make the most of your money.
No notice accounts
No notice accounts are instant access, although there may be a delay in receiving funds if you have a postal or online account.
No notice accounts are instant access, although there may be a delay in receiving funds if you have a postal or online account.
Notice accounts
Notice must be given if you want to withdraw your money. You can get hold of your money without notice, but you will have to pay a penalty, usually in the form of loss of interest.
Notice must be given if you want to withdraw your money. You can get hold of your money without notice, but you will have to pay a penalty, usually in the form of loss of interest.
Monthly interest accounts
Interest is paid monthly so you will earn interest on the interest paid as well as on your savings. These accounts may offer lower rates of interest.
Interest is paid monthly so you will earn interest on the interest paid as well as on your savings. These accounts may offer lower rates of interest.
Internet accounts
These accounts can be opened and maintained online. Cash is withdrawn from an ATM. Higher rates are often paid on online accounts.
These accounts can be opened and maintained online. Cash is withdrawn from an ATM. Higher rates are often paid on online accounts.
With introductory bonus
Some accounts pay a bonus for the first six months or a year. The rate will revert to a lower rate once the introductory bonus period is over. You may need to switch accounts at this point.
Some accounts pay a bonus for the first six months or a year. The rate will revert to a lower rate once the introductory bonus period is over. You may need to switch accounts at this point.
Fixed rate accounts
The rate paid on your savings will be fixed for a set period when you open the account. This means if interest rates go up, your savings will not benefit. But if they go down, your rate can’t go do too.
The rate paid on your savings will be fixed for a set period when you open the account. This means if interest rates go up, your savings will not benefit. But if they go down, your rate can’t go do too.
Mini cash ISAs
Savers can invest up to £3,000 each tax year into a Mini cash ISA. Returns from an ISA are free of income tax and capital gains tax. You can choose between instant access and notice accounts.
Savers can invest up to £3,000 each tax year into a Mini cash ISA. Returns from an ISA are free of income tax and capital gains tax. You can choose between instant access and notice accounts.
Children’s savings (high street)
Many banks and building societies offer specific accounts for children. These can pay higher rates of interest than traditional savings accounts. There are age restrictions involved with these accounts. Most of these have to be closed by age 18 but some go up to age 24. There may be restrictions placed on the number of withdrawals that can be made.
Many banks and building societies offer specific accounts for children. These can pay higher rates of interest than traditional savings accounts. There are age restrictions involved with these accounts. Most of these have to be closed by age 18 but some go up to age 24. There may be restrictions placed on the number of withdrawals that can be made.
Children’s savings (other)
Many banks and building societies offer specific accounts for children. These can pay higher rates of interest than traditional savings accounts. There are age restrictions involved with these accounts. Most of these have to be closed by age 18 but some go up to age 24. There may be restrictions placed on the number of withdrawals that can be made.
Many banks and building societies offer specific accounts for children. These can pay higher rates of interest than traditional savings accounts. There are age restrictions involved with these accounts. Most of these have to be closed by age 18 but some go up to age 24. There may be restrictions placed on the number of withdrawals that can be made.
Regular savings
An amount of money has to be paid into the account each month. A certain number of monthly payments have to be made into these accounts each year to prevent loss of interest or closure. These accounts have a minimum and maximum amount that can be deposited into the account each month.
An amount of money has to be paid into the account each month. A certain number of monthly payments have to be made into these accounts each year to prevent loss of interest or closure. These accounts have a minimum and maximum amount that can be deposited into the account each month.
Child Trust Funds
The Child Trust Fund (CTF) is a Government savings scheme that came into effect on 6 April 2005, for children receiving Child Benefit who were born on or after 1 September 2002. Under the initiative the Government provides a minimum of £250 in the form of a voucher, to be presented to one of the CTF providers, to open a tax-free account on behalf of the child.
The Child Trust Fund (CTF) is a Government savings scheme that came into effect on 6 April 2005, for children receiving Child Benefit who were born on or after 1 September 2002. Under the initiative the Government provides a minimum of £250 in the form of a voucher, to be presented to one of the CTF providers, to open a tax-free account on behalf of the child.
Over 50s Accounts
Accounts suitable for over 50s
Accounts suitable for over 50s
Long Term Fixed Rate Bonds
Long term fixed rate bonds that offer a fixed rate of interest over a longer period, which can vary from a year to up to five years.
Long term fixed rate bonds that offer a fixed rate of interest over a longer period, which can vary from a year to up to five years.
Short Term Fixed Rate Bonds
Fixed rate savings accounts offer a fixed rate of interest over a certain period. This means that the interest paid on the account will not be affected by changes in interest rates for a specified term. People who like to know exactly how much interest they will earn on their savings often opt for these accounts.
Fixed rate savings accounts offer a fixed rate of interest over a certain period. This means that the interest paid on the account will not be affected by changes in interest rates for a specified term. People who like to know exactly how much interest they will earn on their savings often opt for these accounts.
Mini Cash ISAs accepting transfers in
Tax free savings accounts for individuals who are both resident and ordinarily resident in the UK. Anyone aged 16 and over are eligible to open to an account and transfer funds. However, a penalty may be incurred, notice may need to be given or a charge may need to be paid. Returns from all ISAs are free of income tax and capital gains tax.
Tax free savings accounts for individuals who are both resident and ordinarily resident in the UK. Anyone aged 16 and over are eligible to open to an account and transfer funds. However, a penalty may be incurred, notice may need to be given or a charge may need to be paid. Returns from all ISAs are free of income tax and capital gains tax.
Fixed Rate ISAs
Individuals who are both resident and ordinarily resident in the UK for tax purposes and aged 16 and over are eligible to open to a mini cash ISA. Returns from an ISA are free of income tax and capital gains tax. The maximum investment permitted per tax year into a cash ISA is £3,000.
Individuals who are both resident and ordinarily resident in the UK for tax purposes and aged 16 and over are eligible to open to a mini cash ISA. Returns from an ISA are free of income tax and capital gains tax. The maximum investment permitted per tax year into a cash ISA is £3,000.
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