Best Bank Account Savings Rates - UK

[ChrisSilver]

A great resource to check for bank savings rates in the UK is Money Saving Expert:

Savings accounts: https://www.moneysavingexpert.com/savings/savings-accounts-best-interest/

At the time of writing the best rates are:

• Easy-access savings: allows withdrawals
  • Chip – 3.4%
• Notice savings: give notice to withdraw
  • Market Harborough – 4% for 180 days
  • Cynergy Bank – 3.65% for 120 days

• Fixed-term accounts: must lock cash away
  • Allica Bank – 4% for six months
  • Shawbrook Bank – 4.04% for nine months
  • OakNorth – 4.48% for one year
  • OakNorth – 4.52% for two years
  • Cynergy Bank – 4.55% for three years

These links will take you to pages on the MSE website mentioned above.

Good to know, for those who have a Monzo account, Monzo also offers a 3.2% instant access saving pot. You can have one of these savings pots, this pot is held with Monzo, they also offer other savings pots with money held through the Monzo app but with different banking institutions. 

Regular savings accounts, to make regular payments: https://www.moneysavingexpert.com/savings/best-regular-savings-accounts/

• Top existing-customer accounts, including
  • First Direct – 7% fixed
  • Barclays – 5.12% variable on up to £5,000

• Top open-to-all accounts
  • Halifax – 5.5% fixed
  • Nationwide – 5% variable

These links will take you to pages on the MSE website mentioned above.


Please feel free to add the latest best rates below or to discuss savings accounts below  

[ZigZag]

Hey @ChrisSilver just for consideration, switched from First Direct to Nationwide, for the attractive interest rate on new current accounts. Be wary, its only for 12 months though and in this day and age Nationwide don’t have the facility to pay cheques in online.

Why switch, well through no fault of my original bank, i felt compelled to following the data breach suffered by my local water company; some months after it happened; it was well publicised thousands of water customer accounts had bank details leaked on the dark web.😱

I’ll probably switch back after 12 months, due to the limitations, but the interest will pay for say membership here 😉

[Petra]

1 hour ago, ZigZag said:

Hey @ChrisSilver just for consideration, switched from First Direct to Nationwide, for the attractive interest rate on new current accounts. Be wary, its only for 12 months though and in this day and age Nationwide don’t have the facility to pay cheques in online.

Why switch, well through no fault of my original bank, i felt compelled to following the data breach suffered by my local water company; some months after it happened; it was well publicised thousands of water customer accounts had bank details leaked on the dark web.😱

I’ll probably switch back after 12 months, due to the limitations, but the interest will pay for say membership here 😉

I have been with Nationwide quite some time and are great.  However, not being able to pay cheques in online seems to be a very minor issue. People always on about not using cash.. but cheques?😮🤔

 

 

 

 

 

[ZigZag]

1 hour ago, Petra said:

I have been with Nationwide quite some time and are great.  However, not being able to pay cheques in online seems to be a very minor issue. People always on about not using cash.. but cheques?😮🤔

 

 

 

 

 

They are ok, both my kids had accounts, then upgraded to student accounts with them, serve their purpose well. I’ve unfortunately a need to receive cheques, so Nationwide current account is great for me personally; otherwise I’d stick with them.