Savings

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Compare savings accounts

There are various types of savings accounts you can compare and choose from, including easy access accounts, ISAs, fixed rate bonds and more.

It’s important to make sure your money is working as hard as possible, so regularly check you’re on the best savings rate. 

These are the accounts available to open through MoneySuperMarket. We can show you all the accounts on the market, but we can only help you to open some of them.

Not sure what type of account to go for? Our Savings Decision Tree can help you decide.

Easy access accounts

These are the accounts available to open through MoneySuperMarket. We can show you all the accounts on the market, but we can only help you to open some of them.

Ordered by interest rate
 

Interest rate (AER)

includes bonus of % until

includes bonus of % for month months

Check introductory rate and period with provider

Min/max opening amount

{{productCurrency}}{{1 | currency : '' : 0}} to {{productCurrency}}{{2000000 | currency : '' : 0}}

Notice period

none

Account type

{{::product.productAttributes.accountDetails.accountTypeId | mappingFilter : referenceDataMapping}} Transfer in
Access Account
Great for
  • Opening an account online with a low minimum opening balance of just £1
  • Managing your savings online 24/7 & making unlimited withdrawals with no charges, penalties or notice periods
  • A choice of annual or monthly interest – Annually paid in March or monthly on the first business day of each month
But be aware that
  • After 12 months the rate will revert to the underlying rate, currently 0.25% gross/AER
  • Online Saver is provided by Bank of Ireland UK

Interest rate (AER)

includes bonus of % until

includes bonus of % for month months

Check introductory rate and period with provider

Min/max opening amount

{{productCurrency}}{{100 | currency : '' : 0}} to {{productCurrency}}{{1000000 | currency : '' : 0}}

Notice period

none

Account type

{{::product.productAttributes.accountDetails.accountTypeId | mappingFilter : referenceDataMapping}} Transfer in
Access Account
Great for
  • Unlimited payments and withdrawals with no penalties
  • 7 day service and choice of monthly or annual interest
  • Part of Renault’s global banking group
But be aware that
  • RCI Bank is part of a French banking group and the first €100,000 equivalent is protected by the French deposit guarantee scheme, rather than by the UK FSCS scheme which protects the first £85,000


See more easy access accounts

Fixed Rate Bond Accounts 

Fixed rate bonds are usually savings accounts that pay a set rate of interest, agreed at the beginning, for a certain period of time. They generally offer higher interest rates than easy access accounts, especially if you opt for a fixed rate bond that lasts for two years or more. But, you’ll pay a penalty if you need to make a withdrawal within the fixed term.

Ordered by interest rate
 

Masthaven Masthaven

5 Year Fixed Term Bond

Interest rate (AER)

includes bonus of % until

includes bonus of % for month months

Check introductory rate and period with provider

Min/max opening amount

{{productCurrency}}{{500 | currency : '' : 0}} to {{productCurrency}}{{250000 | currency : '' : 0}}

Term

5 year bond

Account type

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Access Account
Great for
  • UK based bank with FSCS protection
  • A guaranteed rate of interest for the full term of the product
  • Supported by a dedicated UK based customer service team
But be aware that
  • Applications and deposits only taken online
  • Additional deposits and withdrawals are not permitted within the fixed term
Agribank Agribank

Fixed Rate Savings Account

Go to site

Sorry, we can't help you to open this account

Interest rate (AER)

includes bonus of % until

includes bonus of % for month months

Check introductory rate and period with provider

Min/max opening amount

{{productCurrency}}{{5000 | currency : '' : 0}} to {{productCurrency}} no limit

Term

1 year bond

Account type

{{::product.productAttributes.accountDetails.accountTypeId | mappingFilter : referenceDataMapping}} Transfer in
Go to site

Sorry, we can't help you to open this account

Great for
  • Guaranteed rate of interest for the term of the investment with interest payable annually or upon maturity
  • Sterling denominated
  • By depositing your savings with Agribank you are supporting British farmers. Deposits held with Agribank are invested into the British agricultural community
But be aware that
  • Agribank falls under the Maltese Compensation Scheme with the first 100,000 euro of savers' money protected, rather than the usual £85,000 protection currently offered by UK-owned banks
  • Withdrawals are not permitted during the term. Investment must be funded from a UK bank account. Minimum investment £5,000


See more fixed rate bond accounts

Cash ISAs

Take advantage of your annual tax-free ISA allowance. You can invest up to £20,000 in a cash ISA and pay no tax on the returns. Some accounts also allow you to transfer in money invested in the previous tax year so you can maximise returns on all your tax-free savings

Ordered by interest rate
 

Post Office Money Post Office Money

Online ISA - Easy Access Issue 11

Interest rate (AER)

includes bonus of % until

includes bonus of % for month months

Check introductory rate and period with provider

Min/max opening amount

{{productCurrency}}{{100 | currency : '' : 0}} to {{productCurrency}} no limit

Notice period

none

Account type

{{::product.productAttributes.accountDetails.accountTypeId | mappingFilter : referenceDataMapping}} Transfer in
Access Account
Great for
  • Full online application and access
  • The ability to split your cash ISA savings across variable and fixed rate products in one place
But be aware that
  • Interest is calculated daily and paid annually in March. After 12 months the rate will revert to the underlying rate, currently 0.25% tax free/AER variable
  • If you opt to fix your savings withdrawal restrictions will apply
Exclusive

You can't apply for this product via any other comparison site

AA AA

AA ISA - Easy Access Issue 13

Interest rate (AER)

includes bonus of % until

includes bonus of % for month months

Check introductory rate and period with provider

Min/max opening amount

{{productCurrency}}{{100 | currency : '' : 0}} to {{productCurrency}} no limit

Notice period

none

Account type

{{::product.productAttributes.accountDetails.accountTypeId | mappingFilter : referenceDataMapping}} Transfer in
Access Account
Great for
  • Apply and manage your account online 24/7
  • Transfer-in an ISA you hold elsewhere
But be aware that
  • Rate includes a bonus, you may want to move your money at the end of this period
  • Partial ISA transfers out aren't available, transfers out in full only
  • The AA ISA is provided by OneFamily. Money in this AA ISA is deposited with Bank of Ireland UK


See more cash ISA accounts

Fixed Rate Cash ISAs

If you want to take advantage of your 2017/2018 cash ISA allowance and have money you can afford to lock away for a few years, a fixed rate cash ISA could be ideal. It pays a guaranteed amount of interest for a set length of time.

Ordered by interest rate
 

Virgin Money Virgin Money

Fixed Rate Cash E-ISA Issue 298

Interest rate (AER)

includes bonus of % until

includes bonus of % for month months

Check introductory rate and period with provider

Min/max opening amount

{{productCurrency}}{{1 | currency : '' : 0}} to {{productCurrency}} no limit

Term

until 24.12.22

Account type

{{::product.productAttributes.accountDetails.accountTypeId | mappingFilter : referenceDataMapping}} Transfer in
Access account
Great for
  • Start saving from £1 and choose between monthly or annual interest
  • Transfer in existing ISA balances, to bring all your ISAs together
  • Know what return you'll get with this fixed rate of interest
But be aware that
  • Not suitable for regular deposits. This is a limited issue so don't delay.
  • Withdrawals are subject to a charge equivalent to 180 days' loss of interest on the amount withdrawn
  • The maturity date of this product is 24 December 2022
Virgin Money Virgin Money

Fixed Rate Cash E-ISA Issue 295

Interest rate (AER)

includes bonus of % until

includes bonus of % for month months

Check introductory rate and period with provider

Min/max opening amount

{{productCurrency}}{{1 | currency : '' : 0}} to {{productCurrency}} no limit

Term

until 24.12.18

Account type

{{::product.productAttributes.accountDetails.accountTypeId | mappingFilter : referenceDataMapping}} Transfer in
Access account
Great for
  • Start saving from £1 and choose between monthly or annual interest
  • Transfer in existing ISA balances, to bring all your ISAs together
  • Know what return you'll get with this fixed rate of interest
But be aware that
  • Not suitable for regular deposits. This is a limited issue so don't delay.
  • Withdrawals are subject to a charge equivalent to 60 days' loss of interest on the amount withdrawn
  • The maturity date of this product is 24 December 2018


See more fixed rate cash ISA accounts 

Notice Accounts

If you want to be able to dip into your savings but don’t necessarily need immediate access, you may be able to earn a higher rate of interest on a notice account than you can with an easy access account.

Ordered by interest rate
 

Interest rate (AER)

includes bonus of % until

includes bonus of % for month months

Check introductory rate and period with provider

Min/max opening amount

{{productCurrency}}{{500 | currency : '' : 0}} to {{productCurrency}}{{100000 | currency : '' : 0}}

Notice period

120 days

Account type

{{::product.productAttributes.accountDetails.accountTypeId | mappingFilter : referenceDataMapping}} Transfer in
Access Account
Great for
  • A choice between monthly or annual interest
  • Online application and access
  • FSCS protection up to £85,000 per depositor
But be aware that
  • 120 days' notice is required for withdrawals

Interest rate (AER)

includes bonus of % until

includes bonus of % for month months

Check introductory rate and period with provider

Min/max opening amount

{{productCurrency}}{{5000 | currency : '' : 0}} to {{productCurrency}}{{1000000 | currency : '' : 0}}

Notice period

95 days

Account type

{{::product.productAttributes.accountDetails.accountTypeId | mappingFilter : referenceDataMapping}} Transfer in
Access Account
Great for
  • A choice between monthly or annual interest
  • Online application and operation
  • FSCS protection up to £85,000 per depositor
But be aware that
  • 95 days' notice is required for withdrawals


See more notice accounts

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Savings. Trust us to explain them simply

Savings Guides

  

Can't find what you're looking for? Try looking at our news, views and in-depth savings guides

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.

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.

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?

Since April 2016, the introduction of a new Personal Savings Allowance (PSA) has meant that basic-rate taxpayers can earn £1,000 of savings interest without the taxman taking a slice, and higher rate taxpayers can earn £500. Additional rate taxpayers are not eligible for a PSA.

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 £20,000 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 account. 

In November 2011, the Junior ISA was born. Parents, relatives and friends can invest up to £4,128 each year into a Junior ISA and the money grows tax-free until the child reaches 18.

Are there any catches with savings accounts?

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 1.5%, 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 0.5%.

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 (as of 30 January, 2017) 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.