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Market-leading 1.5% easy-access deal

Earn 1.5% interest AER (variable) on the Easy-Access Online Saver Account from Marcus by Goldman Sachs. 

Rate includes 0.15% fixed bonus for 12 months. Minimum/maximum deposit £1/£250,000. Unlimited withdrawals.

You can’t get this offer on other comparison sites.

Marcus

Market-leading 1.5% easy-access account from Marcus by Goldman Sachs

  • Earn 1.5% interest AER (variable) on deposits from £1 - £250,000. Interest paid monthly.
  • Unlimited withdrawals from your account with no fee or loss of interest.
  • Rate includes a 0.15% fixed bonus for 12 months after which the rate falls to 1.35% AER variable.
  • Manage your account online - for sign-up enquires call 0800 085 6789.
  • Link from your current account - make deposits and withdrawals via your bank.
Marcus

Terms and conditions apply.

Get your deal

Fix your savings at 2.02% AER for one year

Earn 2.02% AER with a one-year fixed-rate bond from Union Bank of India

Online access only. Withdrawals not permitted during term.

Minimum deposit of £5,000.

You can’t get this offer on other comparison sites.

Bank of India

Earn 2.02% AER with a one-year fixed-rate bond from Union Bank of India

  • Open and manage your account online. Online access only
  • UK bank with Financial Services Compensation Scheme (FSCS) protection up to £85,000
  • Additional deposits and withdrawals are not permitted within the fixed term
  • You must be 18 or over and a UK resident to open this account
  • You must deposit a minimum of £5,000 to open the account. The maximum balance you can have in this account is £340,000 (only £85,000 will be covered by the FSCS).
Bank of India

Terms and conditions apply.

Get your deal

The best savings accounts are the ones that make your money work as hard as possible for you. With the recent rise in interest rates, it’s more important than ever to make sure your money is growing in one of the best savings accounts.

Compare savings accounts

There are various types of savings account 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

If you think you’ll need to access your savings, an easy access savings account could be a good option. These are often the best savings accounts for savers who want to withdraw their cash with little or no notice, but this flexibility means interest rates are often less competitive.

You can open the accounts below through MoneySuperMarket. We can show you all the easy access savings accounts on the market, but we can only help you to open some of them.

Ordered by interest rate
 

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Interest rate (AER)

includes bonus of % until

includes bonus of % for month months

Check introductory rate and period with provider

Min/max opening amount

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Notice period

none

Account type

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Exclusive

ONLY AVAILABLE VIA MONEYSUPERMARKET AND MARCUS

Great for
  • Open and manage your account online. Start saving with just £1
  • Competitive rate of interest paid monthly
  • Free withdrawals, with no penalties or restrictions
But be aware that
  • Includes a bonus rate of 0.15% gross fixed for the first 12 months. Rates are variable and could change at any time
  • To apply for an account, you'll need to be aged 18 or over
  • Applicants must have a UK address and be resident in the UK for tax purposes (excludes residents of the Channel Islands and the Isle of Man)
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Paragon Bank Paragon Bank

Limited Edition Easy Access (Issue 7)

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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}}{{100000 | currency : '' : 0}}

Notice period

none

Account type

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Go to site
Great for
  • UK based bank with FSCS protection up to £85,000
  • Free withdrawals with no penalties or notice periods
  • Open and manage your account online
But be aware that
  • Online access only
  • You must be over 18 and a UK resident to open this account
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Fixed Rate Bonds

Fixed rate bonds are savings accounts that usually 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
 

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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}} no limit

Term

12 month bond

Account type

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Great for
  • Competitive returns in the form of profits generated through ethical investments
  • Profits are calculated on a daily basis and are paid quarterly. They can be taken as income or reinvested
  • Deposits up to £85,000 are protected under the Financial Services Compensation Scheme
But be aware that
  • Islamic banks offer 'expected profit rates' not interest rates. Al Rayan Bank has always paid at least the expected profit rate quoted to customers
  • Deposit cannot be accessed until the end of the term
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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}} no limit

Term

24 month bond

Account type

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Expected Profit Rate

This account is Sharia compliant. As such, the account pays an 'expected profit rate' rather than an interest rate

Great for
  • Competitive returns in the form of profits generated through ethical investments
  • Profits are calculated on a daily basis and are paid quarterly. They can be taken as income or reinvested
  • Deposits up to £85,000 are protected under the Financial Services Compensation Scheme
But be aware that
  • Islamic banks offer 'expected profit rates' not interest rates. Al Rayan Bank has always paid at least the expected profit rate quoted to customers
  • Deposit cannot be accessed until the end of the term
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Cash ISAs

Cash ISAs will help you to take advantage of your annual tax-free ISA allowance: you can invest up to £20,000 and pay no tax on the returns. Some cash ISA accounts also allow you to transfer in money invested in the previous tax year so you can maximise returns on your tax-free savings. 

Ordered by interest rate
 

Leeds Building Society Leeds Building Society

Limited Issue Online Access ISA (Issue 7)

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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}} no limit

Notice period

none

Account type

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Great for
  • Opening & managing your account online
  • Free withdrawals, with no penalties or restrictions
  • Available to new & existing customers
But be aware that
  • Rates are variable and can change at any time
  • Upon opening an account a minimum deposit of £1,000 is required
  • Maturity date of 1st December 2019
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Go to site

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}} no limit

Notice period

none

Account type

{{::product.productAttributes.accountDetails.accountTypeId | mappingFilter : referenceDataMapping}} Transfer in
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Great for
  • Transferring existing ISA balances
  • Make multiple deposits up to the £20,000 annual allowance - or the full amount in one transaction
  • For new and existing customers
But be aware that
  • Lower rate of 0.75% AER for balances that fall below £500
  • Once fully funded any withdrawals cannot be replaced
  • Interest paid annually. You must be aged 18 or over and a UK resident.
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Fixed Rate Cash ISAs

A fixed rate cash ISA will pay a guaranteed amount of interest for a set length of time. This could be one of the best savings accounts if you want to take advantage of your tax-free cash ISA allowance and can afford to lock your savings away for a few years.

Ordered by interest rate
 

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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}} no limit

Term

until 03.11.23

Account type

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Great for
  • You can invest your 2018/2019 ISA allowance and also transfer your existing cash ISAs
  • You can take money out of this flexible ISA and pay it back in the same tax year, without it counting against your annual ISA allowance
  • Earn a fixed rate of interest on your savings for five years
But be aware that
  • If you withdraw or transfer your money before the account matures, you'll lose 365 days' interest
  • Your funds will automatically roll into an easy access default savings account when the ISA matures on the 3rd November 2023
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Ford Money Ford Money

Fixed Cash ISA 1 Year

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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}} no limit

Term

1 year bond

Account type

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Go to site
Great for
  • Maximise your savings with the tax-free benefits of an individual savings account
  • Enjoy a fixed rate of interest for locking a lump sum of money away for 12 months
  • Minimum deposit £500 - maximum balance £2,000,000 (subject to the annual ISA allowance)
But be aware that
  • Account closure, withdrawals and transfers-out are permitted. However, a 'term breakage charge' will apply if you instruct Ford Money to carry out your request within the term. See T&Cs for details
  • Balances up to £85,000 (£170,000 for a joint account) are fully protected under the Financial Services Compensation Scheme (this applies per bank, not per account)
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Notice Accounts

If you want to be able to dip into your savings but don’t necessarily need immediate access, you might find that one of the best savings accounts could be a notice account. These pay a higher rate of interest than easy access accounts, but it takes longer to get your cash. 

Ordered by interest rate
 

Paragon Bank Paragon Bank

120 Day Notice (Issue 10)

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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

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Great for
  • UK based bank with FSCS protection up to £85,000
  • A choice between monthly or annual interest
  • Opening and managing your account online
But be aware that
  • Online access only
  • You must be over 18 and a UK resident to open this account
  • 120 days' notice is required for withdrawals
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Wyelands Bank Wyelands Bank

95 Day Notice Account

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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

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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
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Not sure what account is right for you?

Choosing a savings account can be a bit baffling, but that's where our handy decision tree comes in. Simply answer a few quick questions about your savings habits, and we'll guide you towards the right type of account for you.

Get help to choose an account

 

What is a savings account?

A savings account is a bank or building society account that pays interest on your money. It’s a good way to make your cash work harder than it might do in a current account, Some current accounts pay attractive rates of interest but usually have conditions attached, such as having to pay in a certain amount each month and running direct debits.

Using a savings account

While a current account is for every day banking, a savings account enables you to set money aside for a future goal, or simply build a rainy day fund or nest egg. You choose the type of saving account that suits your requirements.

How do I choose a type of savings account?

There are a variety of savings account available, including:

  • Regular savings accounts (linked to a current account from the same institution): you could earn up to 5% interest and you have to deposit cash every month up to a limit of, say, £300 a month.
  • Instant/easy access accounts: the most straightforward and flexible of savings accounts, these allow you to deposit and withdraw your cash as and when you like.
  • Easy access accounts: sometimes these have higher interest rates but you need to give notice of withdrawals and could wait up to 120 days for your cash.
  • Fixed rate/bond savings accounts: these pay a fixed rate of interest for a set term, usually between one and five years, but if you withdraw money before the term expires, you usually forfeit interest.
  • Children’s savings accounts: under-18s often get high interest rates.
  • Offshore savings accounts: if you have income (or bills) paid in a foreign currency, this can be a good option.
  • Business savings accounts: a great way to enjoy a higher rate of interest so that your cash is working harder for you and your business.

What is an interest rate bonus?

Many accounts come with a high initial rate of interest which is partly made up of a bonus that only lasts for a stated period, usually 12 months. After this time, the rate falls dramatically, at which point it will be worth switching to an account paying a higher rate.

Can I save tax-free?

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.

You can also open an ISA - this is just like an ordinary savings account, with one important exception – the interest is tax-free. 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.

In November 2011, the Junior ISA was born. Parents, relatives and friends can invest up to £4,260 each year into a Junior ISA and the money grows tax-free until the child reaches 18.

The most popular types of savings accounts

Set a goal

When you’re choosing a savings account, having a goal in mind can help you decide what type of account is right for you. For example, if it’s an emergency fund you need easy access to your money, but with a long term target in mind you might go for something that rewards you for leaving your money alone.

How much should I save?

Our savings calculator is a great tool if you’re thinking about saving. If you tell us your savings goal, how much you can put away each month and what the interest rate of your savings account is, we’ll tell you how long you’ll need to save to reach your target.

Make sure you can access your account

Accounts often come with restrictions on how you manage them, such as in-branch, over the phone, online or through the post.

Pick your provider

If you already have a current account with a certain provider, it’s always worth checking if you can get preferential interest rates or other benefits on a savings account with them.

Spread your money

Under the Financial Services Compensation Scheme, the first £85,000 you have with an authorised bank or building society is protected – this rises to £170,000 for joint accounts. If you’re in the happy position of having more than £85,000, you might want to spread it around other savings account providers. Remember, the protection applies £85,000 per institution, not per account, so multiple accounts with the same institution will not be protected.

How do I open a savings account?

Most banks and building societies will let you open a savings account online, by phone, or in-branch, however not all financial institutions offer all the same options. You’ll also likely have to bring ID and proof of address – for example, your passport, driver’s licence, and a recent utility bill – though if you’re opening the account online you might be asked to send the documents by post or email. Your ID is used by the bank as part of their fraud checks to ensure you are who you say you are, but many banks also use databases and other sources of information.

Who can open a savings account?

The minimum age for a normal savings account is usually 18, although a 16-year-old may open a cash ISA. There are accounts aimed at children and teenagers.

How do I close a savings account?

To close your savings account, contact your bank in the required way - in-branch, online, etc. You may have to give a certain amount of notice. If you want your money sooner, you may lose some or all of your interest.

Should I switch savings accounts?

You can switch accounts to earn a higher rate of interest, but make sure you are familiar with any notice period on your present account and any restrictions on the new one. It’s worth keeping an eye on savings rates and moving to a better-paying account to take advantage.

What happens when I switch savings accounts?

If you’re switching ISAs, you’ll have to fill out a transfer form with the new provider, which can often be done online. However, if you’re swapping normal savings accounts this will depend on your provider – some allow BACS transfers, some may require you to move the money to a current account, and some can even carry out a direct debit.

With a standard savings account, you should receive a cheque or an online credit with which to open your new account. Your new account provider should be able to advise if you need help. If you want to switch an ISA, never close the account. Tell your new provider that you want to make the transfer and they should take care of the paperwork. Closing the account would sacrifice that year’s tax privileges.

Can I add someone to my savings account?

Most savings accounts can be operated on a joint basis.

What is AER?

AER is the Annual Equivalent Rate, which shows you how much interest you earn on your savings.

What is simple and compound interest?

Simple interest is when the interest is calculated based on the original deposit, while compound means the interest is paid on the original sum plus any interest previously paid on the sum.

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Savings account companies

Why switch with us?

Switching savings accounts can help you earn more money on your savings. By comparing savings accounts on MoneySuperMarket, you’ll be able to browse through offers from a number of providers.

Comparing savings accounts

You can compare savings accounts using a number of factors. These include the interest rates they offer as well as how long the rate will last, the amount you might need to deposit in order to open the account, and how you can access the account. Once you’ve decided which account you want, simply click through and you’ll be taken to the provider’s website.

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