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Savings

Cash ISAs - featured accounts - Ordered by interest rate (AER)

Apply for the accounts below today or see all cash ISA accounts

    • Provider/Product name ISA Extra (Issue 9)

      BM Savings

      ISA Extra (Issue 9)

    • Interest rate (AER) 1.65% Variable Includes Fixed bonus of 1.15% for 12 months
    • Min/Max opening amount £20,000 to £ no limit
    • Notice / Term Notice Period: none
    • Account type Cash ISA Transfer In
    • Access Internet Post Telephone In Branch
    • Go to site

    Great for
    1.65% Tax free/AER variable (includes a fixed bonus of 1.15% for first 12 months) on balances of £20,000+
    Unlimited withdrawals and deposits up to the cash ISA allowance of £5,940 (£15,000 from 1st July) for the 2014/15 tax year plus transfers in from previous tax years
    Apply online or via telephone. Monthly interest available at lower rates
    But be aware that
    £1 - £19,999.99 will receive 1.40% Tax free/AER variable (includes fixed bonus of 0.90% for the first 12 months)
    After 12 months, variable rate without bonus will apply, currently 0.50% tax free/AER.
    Once you've paid in your full years cash ISA allowance you cannot replace any money you've withdrawn in the same tax year
    • Provider/Product name ISA Saver Online

      Halifax

      ISA Saver Online

    • Interest rate (AER) 1.55% Variable Includes Fixed bonus of 1.30% for 12 months
    • Min/Max opening amount £1 to £ no limit
    • Notice / Term Notice Period: none
    • Account type Cash ISA Transfer In
    • Access Internet Post Telephone In Branch
    • Go to site

    Savers Prize Draw

    One top prize of £500,000 to be won in June

    Great for
    Unlimited withdrawals/deposits up to the 2014/2015 cash ISA allowance of £5,940 (£15,000 from 1st July) plus transfers in from previous tax years
    Cash ISA transfers in benefit from the Halifax ISA Promise
    Halifax Savers Prize Draw: Register by 31st May and hold £5,000+ in qualifying Halifax and/or Bank of Scotland savings accounts for the whole of May. Customers living in England, Wales & Scotland aged 18+ only (Not NI)
    But be aware that
    After 12 months, variable rate without bonus will apply, currently 0.25% tax free/AER
    Any money you take out reduces the balance you could achieve at the end of the tax year
    Anything invested in a stocks and shares ISA in the same tax year may reduce the maximum amount you can pay into a cash ISA
    • Provider/Product name ISA Saver Variable

      Halifax

      ISA Saver Variable

    • Interest rate (AER) 1.50% Variable Includes Fixed bonus of 1.00% for 12 months
    • Min/Max opening amount £1 to £ no limit
    • Notice / Term Notice Period: instant
    • Account type Cash ISA Transfer In
    • Access Internet Post Telephone In Branch
    • Go to site

    Savers Prize Draw

    One top prize of £500,000 to be won in June

    Great for
    Unlimited withdrawals/deposits up to the 2014/2015 cash ISA allowance of £5,940 (£15,000 from 1st July) plus transfers in from previous tax years
    Cash ISA transfers in benefit from the Halifax ISA Promise
    Halifax Savers Prize Draw: Register by 31st May and hold £5,000+ in qualifying Halifax and/or Bank of Scotland savings accounts for the whole of May. Customers living in England, Wales & Scotland aged 18+ only (Not NI)
    But be aware that
    After 12 months, variable rate without bonus will apply, currently 0.50% tax free/AER
    Any money you take out reduces the balance you could achieve at the end of the tax year
    Anything invested in a stocks and shares ISA in the same tax year may reduce the maximum amount you can pay into a cash ISA
  1. 2014 SUPERS

    Highly Commended provider of 2014

    Great for
    Opening your account with just £1
    Unlimited withdrawals without penalty
    Those with a previous cash ISA to transfer
    But be aware that
    A lower rate of interest will apply for balances less than £1,000

Fixed rate ISAs - featured accounts - Ordered by term

Apply for the accounts below today or see all fixed rate ISA accounts

    • Provider/Product name 18 Month ISA Saver Fixed

      Halifax

      18 Month ISA Saver Fixed

    • Interest rate (AER) 2.00% Fixed
    • Min/Max opening amount £500 to £ no limit
    • Notice / Term Term: 18 month bond
    • Account type Fixed Rate Cash ISA Transfer In
    • Access Internet Post Telephone In Branch
    • Go to site

    Market leading

    Great for
    Save tax free up to the cash ISA allowance of £5,940 (£15,000 from 1st July) for the 2014/15 tax year plus transfers in from previous tax years
    Cash ISA transfers in benefit from the Halifax ISA Promise
    Halifax Savers Prize Draw: Register by 31st May and hold £5,000+ in qualifying Halifax and/or Bank of Scotland savings accounts for the whole of May. Customers living in England, Wales & Scotland aged 18+ only (Not NI)
    But be aware that
    All deposits need to be made within 180 days of account opening. No withdrawals allowed during the term of the product
    Early closure is allowed subject to the loss of 135 days tax-free interest
    Anything invested in a stocks and shares ISA in the same tax year may reduce the maximum amount you can pay into a cash ISA
    • Provider/Product name 3 Year ISA Saver Fixed

      Halifax

      3 Year ISA Saver Fixed

    • Interest rate (AER) 2.25% Fixed
    • Min/Max opening amount £500 to £ no limit
    • Notice / Term Term: 3 year bond
    • Account type Fixed Rate Cash ISA Transfer In
    • Access Internet Post Telephone In Branch
    • Go to site

    Market leading

    Great for
    Save tax free up to the cash ISA allowance of £5,940 (£15,000 from 1st July) for the 2014/15 tax year plus transfers in from previous tax years
    Cash ISA transfers in benefit from the Halifax ISA Promise
    Halifax Savers Prize Draw: Register by 31st May and hold £5,000+ in qualifying Halifax and/or Bank of Scotland savings accounts for the whole of May. Customers living in England, Wales & Scotland aged 18+ only (Not NI)
    But be aware that
    All deposits need to be made within 180 days of account opening. No withdrawals allowed during the term of the product
    Early closure is allowed subject to the loss of 270 days tax-free interest
    Anything invested in a stocks and shares ISA in the same tax year may reduce the maximum amount you can pay into a cash ISA
    • Provider/Product name 4 Year ISA Saver Fixed

      Halifax

      4 Year ISA Saver Fixed

    • Interest rate (AER) 2.40% Fixed
    • Min/Max opening amount £500 to £ no limit
    • Notice / Term Term: 4 year bond
    • Account type Fixed Rate Cash ISA Transfer In
    • Access Internet Post Telephone In Branch
    • Go to site

    Savers Prize Draw

    One top prize of £500,000 to be won in June

    Great for
    Save tax free up to the cash ISA allowance of £5,940 (£15,000 from 1st July) for the 2014/15 tax year plus transfers in from previous tax years
    Cash ISA transfers in benefit from the Halifax ISA Promise
    Halifax Savers Prize Draw: Register by 31st May and hold £5,000+ in qualifying Halifax and/or Bank of Scotland savings accounts for the whole of May. Customers living in England, Wales & Scotland aged 18+ only (Not NI)
    But be aware that
    All deposits need to be made within 180 days of account opening. No withdrawals allowed during the term of the product
    Early closure is allowed subject to the loss of 320 days tax-free interest
    Anything invested in a stocks and shares ISA in the same tax year may reduce the maximum amount you can pay into a cash ISA

Fixed rate bonds - featured accounts - Ordered by term

Apply for the accounts below today or see all fixed rate bond accounts

    • Provider/Product name Fixed Online Saver

      Halifax

      Fixed Online Saver

    • Interest rate (AER) 2.00% Fixed
    • Min/Max opening amount £500 to £5,000,000
    • Notice / Term Term: 5 year bond
    • Account type Fixed Rate Bond
    • Access Internet Post Telephone In Branch
    • Go to site

    Savers Prize Draw

    One top prize of £500,000 to be won in June

    Great for
    Choose annual interest of 2.00% gross/AER fixed or monthly interest of 1.98% gross/2.00% AER fixed
    Halifax Savers Prize Draw: Register by 31st May and hold £5,000+ in qualifying Halifax and/or Bank of Scotland savings accounts for the whole of May. Customers living in England, Wales & Scotland aged 18+ only (Not NI)
    But be aware that
    No withdrawals or additional deposits are allowed during the term of the product
    Early closure is allowed subject to the loss of 365 days gross interest

Easy access - featured accounts - Ordered by interest rate (AER)

Apply for the accounts below today or see all easy access accounts

  1. Great for
    Quick and simple online access
    Additional funds can be added to the account
    Choice between monthly or annual interest
    • Provider/Product name GE Saver Issue 6

      GE Capital Direct

      GE Saver Issue 6

    • Interest rate (AER) 1.10% Variable
    • Min/Max opening amount £500 to £250,000
    • Notice / Term Notice Period: none
    • Account type Easy Access Account
    • Access Internet Post Telephone In Branch
    • Go to site

    Great for
    Quick and simple online access
    Unlimited penalty free withdrawals

Don’t need instant access to your Savings? A Notice Account may be an option, and enjoy higher rates of return.
Featured Accounts – Ordered by AER

Apply for the accounts below today or see all notice accounts

  1. Great for
    Quick and simple online access
    Unlimited withdrawals subject to 100 days notice

Savings. Trust us to explain them simply

Choose the right account

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With a wide variety of savings accounts to choose from, it can be difficult to know which one is right for you. To help you decide, you'll need to consider…

Easy Access accounts

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As the name suggests, easy access savings accounts allow you to access your money whenever you need it, without having to give notice...

Understanding Interest

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When you deposit savings with a bank or building society you will be paid interest on the money. How much interest you earn will partly depend on...

Guide to savings

Savings Guides

Money is tight so it’s more important than ever to get a good deal on your savings, whether you are putting money aside for a holiday or for your children’s future. But it’s not always easy to find the right savings account. Interest rates are relatively low, but inflation is comparatively high – and high inflation eats into savers’ returns.

The number of savings accounts on offer can also make it difficult to choose the best deal. But if you read our guide to savings and use the MoneySupermarket website to compare all types of account, it should be simple to find a top rate. You can also work out how much interest you’ll earn by using a savings calculator.

Just remember that you need to regularly monitor your rate and maybe even switch your account to make sure your cash is always working hard.

Read more

How do I choose a savings account?

Savers can often be overwhelmed by the range of accounts on the market, all with different rates and different rules. Some people simply select the account that pays the highest rate of interest. But it’s important to look beyond the headline rate at the terms and conditions of the account. You might, for example, be able to earn 5% in a regular savings account, but if you cannot put money aside each and every month, the account is not for you.

Instant or easy access accounts are the most straightforward - and the most flexible - because you can usually deposit and withdraw your cash pretty much when you like.

If you think you might be tempted to dip into an easy access account, a notice account might be more suitable because you have to give notice of any withdrawals. The notice periods vary, but can be as long as 120 days. Always compare the rates on notice accounts against easy access deals. Notice accounts traditionally paid higher rates of interest than easy access accounts, because of their inflexibility. But these days, you can often earn more with easy access.

You might be able to earn a higher rate of interest in a fixed-rate account, sometimes called a bond. The accounts pay a fixed rate of interest for a set term, usually between one and five years, and can be ideal if you are saving for an event in the future. But watch out for penalties. If you withdraw any money before the term of the bond expires, you usually forfeit interest.

A number of banks and building societies offer regular savings account that demand a monthly commitment, usually for one year. The amount you can save in a regular account is also limited to a maximum of about £300 a month.

Older savers might be able to earn preferential rates in over 50s accounts. Interest on children’s accounts can also be high to tempt even the very youngest savers to open an account. If you need an account that accepts sterling, Euros or dollars, you might want to consider an offshore account. They can be useful if you are paid in another currency or you earn additional income in a foreign currency, perhaps from a rental property overseas.

You may also be looking for a business savings account – business savings accounts are a great way to enjoy a higher rate of interest so that your cash is working harder for you and your business.

Are my savings taxed?

Her Majesty’s Revenue & Customs automatically swipes 20% tax off your savings. If you are a 40% or 45% taxpayer, you have to declare the savings interest on your tax return and pay any additional tax due.

Non-taxpayers, including children, should complete form R85, which is available from banks and building societies. The interest is then paid gross, before any tax is deducted. But beware the £100 rule. If the money in a child’s account is given by a parent, any interest over £100 is taxed as the parent’s own.

Are there any tax-free accounts?

A Cash ISA is just like an ordinary savings account, with one important exception – the interest is tax free. You can find out more about the current ISA allowance here. You can save up to £5,760 in a cash ISA in the current tax year and you can choose from a range of different accounts, including easy access ISAs and fixed-rate ISAs.  Taxpayers should almost always put money in an ISA, ahead of a standard savings accounts. 

In November 2011, the Junior ISA was born. Parents, relatives and friends can invest up to £3,720 each year into a Junior ISA and the money grows tax-free until the child reaches 18.

Are there any catches with savings account?

Short term bonuses

Many of the top rate accounts include an introductory or short term bonus. For example, an account might advertise a headline interest rate of 3%, which includes a bonus of one percentage point for one year. In other words, after 12 months, the rate on the account will drop to 2%. The bonuses help to propel the accounts into the best buy tables, but they can work to the savers’ advantage – as long as you are prepared to search for a better deal when the bonus expires.

Deposit and withdrawal restrictions

Some accounts restrict the amount you can save, or the amount or frequency of any withdrawals. You have to make sure you don’t breach the limits otherwise you could lose interest.

Online access

It’s usually cheaper for a bank to offer internet accounts than branch based deals, so you can often earn a higher rate of interest if you manage your account online.

When is interest paid?

Interest on savings accounts is usually paid either monthly or annually. It’s probably best to opt for annual interest, unless you expect frequently to dip into your funds.

Are my savings safe?

The tough economic conditions have made savers wary of even the biggest banks in the world. But if your bank or building society goes bust, as long as it is regulated by the Financial Services Authority, the first £85,000 of your money is guaranteed under the Financial Services Compensation Scheme. If you have a lot of savings and are you are particularly nervous, you should therefore make sure you don’t deposit more than £85,000 with one institution.

How our site works

  1. Tell us which type of savings account you're interested in
  2. Use our simple savings account search if you’re unsure of the best account type
  3. You can choose the account that suits you best and apply online through the provider

Why are we the best website for savings comparison?

Simply because we offer a free, independent and whole of market view. That’s all savings accounts in one place.

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