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 best 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 best 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}}{{5000000 | currency : '' : 0}}

Notice period

none

Account type

{{::product.productAttributes.accountDetails.accountTypeId | mappingFilter : referenceDataMapping}} Transfer in
Access Account
Great for
  • Earn a rate of 1.25% Gross/AER Variable from £1 (with no bonus criteria)
  • Opening and managing your account online
  • UK Based bank with FSCS protection on deposits up to £85,000
But be aware that
  • Account can only be managed online
  • Daily transfer limits apply, please see provider site for full details
RCI Bank UK

Freedom Savings 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}}{{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
 

Vanquis Bank

Vanquis Bank Savings

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}}{{1000 | currency : '' : 0}} to {{productCurrency}}{{250000 | currency : '' : 0}}

Term

5 year bond

Account type

{{::product.productAttributes.accountDetails.accountTypeId | mappingFilter : referenceDataMapping}} Transfer in
Access Account
Great for
  • UK based bank with FSCS protection
  • A choice between monthly or annual interest
  • Supported by a dedicated UK based customer service team
But be aware that
  • Additional deposits and withdrawals are not permitted within the fixed term
Vanquis Bank

Vanquis Bank Savings

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}}{{1000 | currency : '' : 0}} to {{productCurrency}}{{250000 | currency : '' : 0}}

Term

3 year bond

Account type

{{::product.productAttributes.accountDetails.accountTypeId | mappingFilter : referenceDataMapping}} Transfer in
Access Account
Great for
  • UK based bank with FSCS protection
  • A choice between monthly or annual interest
  • UK based dedicated account switching team
But be aware that
  • Additional deposits and withdrawals are not permitted within the fixed term

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}}{{1000 | currency : '' : 0}} up to {{productCurrency}} no limit

Term

24 month bond

Account type

{{::product.productAttributes.accountDetails.accountTypeId | mappingFilter : referenceDataMapping}} Transfer in
Access Account
Great for
  • A Sharia compliant savings account
  • Quick and easy online application process
  • UK based ethical bank with full UK regulation. The bank operates under Islamic finance principles
But be aware that
  • Withdrawals are not permitted within the fixed term
Expected Profit Rate

This account is Sharia compliant as such the account pays an expected profit rate rather than an 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}}{{1000 | currency : '' : 0}} up to {{productCurrency}} no limit

Term

12 month bond

Account type

{{::product.productAttributes.accountDetails.accountTypeId | mappingFilter : referenceDataMapping}} Transfer in
Access Account
Great for
  • A Sharia'a compliant savings account
  • Quick and easy online application process
  • UK based ethical bank with full UK regulation. The bank operates under Islamic finance principles
But be aware that
  • Withdrawals are not permitted within the fixed term
Expected Profit Rate

This account is Sharia compliant as such the account pays an expected profit rate rather than an interest rate


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
 

Virgin Money

Defined Access E-ISA Issue 14

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}} up to {{productCurrency}} no limit

Notice period

none

Account type

{{::product.productAttributes.accountDetails.accountTypeId | mappingFilter : referenceDataMapping}} Transfer in
Access Account
Great for
  • 1.01% Tax Free/AER if you make 3 or less withdrawals in a calendar year.
  • Start saving from £1 and pay money in as often as you like. Transfer in your existing ISA balances using our ISA Transfer Service.
  • Choose between monthly or annual interest.
But be aware that
  • 0.25% Tax Free/AER variable if you make 4 or more withdrawals in a calendar year.
  • Rate depends on the number of withdrawals.
Tesco Bank

Instant Access Cash ISA

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}} up to {{productCurrency}} no limit

Notice period

none

Account type

{{::product.productAttributes.accountDetails.accountTypeId | mappingFilter : referenceDataMapping}} Transfer in
Access Account
Great for
  • Opening an account with just £1
  • Transferring existing ISA balances
  • Unlimited withdrawals without penalties
But be aware that
  • After 12 months, variable rate without bonus will apply, currently 1.25% tax free/AER


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

Fixed Rate Cash E-ISA Issue 258

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}} up to {{productCurrency}} no limit

Term

until 24.08.22

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 August 2022
Yorkshire Bank

Cash ISA - Fixed Rate Bond (Issue 41)

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}}{{2000 | currency : '' : 0}} up to {{productCurrency}} no limit

Term

until 31.07.20

Account type

{{::product.productAttributes.accountDetails.accountTypeId | mappingFilter : referenceDataMapping}} Transfer in
Access account
Great for
  • Quick and easy online application process
  • Know what return you'll get with this fixed rate of interest
  • Transferring existing ISA balances
But be aware that
  • The minimum amount to invest is £2,000
Paragon Bank

1 Year Fixed Rate Cash ISA

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}}

Term

1 year bond

Account type

{{::product.productAttributes.accountDetails.accountTypeId | mappingFilter : referenceDataMapping}} Transfer in
Access account
Great for
  • Transferring existing ISA balances
  • A choice between monthly or annual interest
But be aware that
  • Early withdrawals are allowed subject to the loss of 90 days' interest


See more fixed rate cash ISA accounts 

Help to Buy ISAs

If you’re saving a deposit for your first home, you can get a helping hand from the government. When you open a tax-free Help to Buy ISA, the government will top up your savings by 25%, up to a maximum of £3,000 on £12,000 of savings.

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}} up to {{productCurrency}} no limit

Notice period

instant

Account type

{{::product.productAttributes.accountDetails.accountTypeId | mappingFilter : referenceDataMapping}} Transfer in
Access Account
Great for
  • Access to a 25% Government Bonus when purchasing your first home
  • Tax free savings towards a deposit for your first home
  • Instant access to your savings
But be aware that
  • Following the month of first subscription you can deposit up to £200 per calendar month
  • You can only hold one Help to Buy: ISA at any time
  • Any money withdrawn will no longer count towards the Government Bonus


See more Help to Buy 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
 

Paragon Bank

120 Day Notice (Issue 7)

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
Al Rayan Bank

120 Day Notice Cash ISA

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}}{{250 | currency : '' : 0}} up to {{productCurrency}} no limit

Notice period

120 days

Account type

{{::product.productAttributes.accountDetails.accountTypeId | mappingFilter : referenceDataMapping}} Transfer in
Access Account
Great for
  • A Sharia compliant savings account
  • Invest as little as £250 and transfer existing ISA balances
  • UK based ethical bank with full UK regulation. The bank operates under Islamic finance principles
But be aware that
  • 120 day’s notice must be given to access your funds


See more notice accounts

Not sure what account is right for you?

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Savings Guides

  

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Unlike some of our competitors, MoneySuperMarket is not owned by an insurance company. So we can offer the best value, with savings delivered straight to you.

We combine independence, so we can negotiate the best prices, with excellent technology, to find the best value products and services for you. That’s what makes us - in our customers’ opinions - the best price comparison website.

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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.