Nov 9 2019

Savings Accounts: Find the Best Savings Rates, The Telegraph, savings rates compare.

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Money Comparison

Savings rates compare

Savings Account Comparison


Whatever you’re saving for, it’s important to make sure your money is working as hard as possible. But it’s not always easy to choose the right savings account. Search for savings accounts instantly for free, and find the right one for you. You can compare easy access savings accounts, ISAs, fixed rate bonds and more.

Savings Account Comparison

Get the most out of your savings

Picking the right savings account can make a huge difference to how fast your nest egg grows. But the wide range of accounts on the market can make it hard to decide which one is the best for you. We make it easy to find the the savings accounts that make the most with your money

Why we chose MoneySuperMarket as a partner

There are many comparison sites out there, and they are not all the same. We chose MoneySuperMarket as a partner for this comparison service because they are 100% independent, which means they are not owned by any bank or financial institution. Their service is comprehensive, unbiased, and completely free for customers to use.

How it works


Choose which type of savings account is best for you.


Review what’s on offer in our table of results.


Click straight through to the provider’s website to apply.

What are the different types of savings accounts?

Learn more about different savings account types and their pros and cons. This will make it easier for you to find the account that’s right for your needs.

Easy access account

An easy access account offers unrestricted access to your cash. In other words, you can make a withdrawal at any time.

Also known as ‘no-notice’ or ‘instant access’ accounts, easy access accounts can be opened with just 1 and do not impose restrictions on how much you can invest. The downside to all this flexibility is that the returns are often lower than those available on accounts with which you must give advance warning of any withdrawals. Even those that seem highly competitive are often boosted by shortterm, introductory bonuses that disappear after a certain time.

Easy access accounts also generally have variable interest rates, which means the rate you receive can rise or fall at any time. That’s why it’s important to shop around for the best rate and keep an eye on the interest you’re earning – especially after the first year, for example.

If the account is no longer competitive, you will need to take your business elsewhere to avoid missing out on the best rates.

Notice savings account

If you’re looking for a home for your savings and won’t need to get your hands on your cash immediately, a notice account is worth considering.

Notice accounts, with which you must ‘notify’ the provider when you want to make a withdrawal, can be a good option if you can afford to wait to get your hands on your cash. These accounts often pay better rates than easy access accounts; it’s the pay-off for only withdrawing money after a predetermined notice period.

However, most notice accounts impose hefty penalty charges if you make a withdrawal without giving the required notice; some accounts will not let you make immediate withdrawals at all. The only way to access your money more quickly is to close the account, and pay any penalties imposed by the account provider.

Regular savings account

If you’e looking to put money away every month, a regular saver account could be ideal.

Regular savings accounts are aimed at people who want to put money away every month. They generally offer higher interest rates than you will find on standard accounts. However, you will have to adhere to minimum and maximum monthly deposit limits, while there may also be a notice period for any withdrawals.

Many accounts run for a set period – 12 months, for example – during which you will be penalised for failing to pay in each month or for needing access to money already in the account. Therefore, it is important to check the terms and conditions.

Cash ISA accounts

A Cash ISA is an attractive option for anyone who normally pays tax on their savings, typically 20% of interest earned on standard saving accounts.

Tax advantages aside, they work in much the same way as an ordinary savings account. However, there is a limit on the amount you can pay into an ISA account each tax year. This tax year, for example, you can only invest up to 15,240 – including any money paid in and then withdrawn. Cash ISAs come in a variety of forms. The most straightforward accounts are easy access and pay variable rates of interest. But others pay a fixed rate for a set term, rather like a savings bond. You might, for example, be offered a rate of 2%, fixed for three years.

Opting for a fixed-rate ISA can mean bigger returns. However, you will usually have to pay a penalty should you need to make an early withdrawal.

The third type of ISA is known as a structured deposit account, with which the interest you receive is linked to the performance of an index, such as the FTSE All Share. These accounts can prove very lucrative – unless the index falls, in which case you may earn nothing at all.

If you are unhappy with the interest paid, you can switch cash ISAs in the same way as standard savings accounts. But you must let the bank offering the account you want to move to manage the transfer. Otherwise, you could lose the tax breaks on all the money you have saved so far. Remember that you cannot open more than one cash ISA per tax year, and that you can only switch to an ISA that allows transfers in.

Fixed rate bonds

Fixed rate bonds last for a set period of time, during which the rate of interest you receive stays the same – even if the Bank of England base rate changes.

Returns on fixed rate bonds tend to be a lot higher than those on easy access accounts, for example. They generally last for between one and five years – with the interest rates available rising in line with the length of the term.

Fixed rate bonds are popular with people keen to fix the rate of interest they will receive, perhaps because they expect interest rates to fall. But they are only suitable if you can go without access to your cash during the term.

If you have to make a withdrawal within that time, you will be penalised, usually in the form of loss of interest earned. These penalties often start off very high, and get smaller as you approach the end of the term.

Other limitations include that most accounts only allow you to make one initial deposit, and that many impose a minimum amount – say 1,000 – making them unsuitable for those with only a small amount to invest.

Check what happens to your money once a fixed rate bond matures. Many providers will roll your savings into another similar account. But others will transfer the cash into a low-interest easy access account instead.

If this is the case, you will therefore act fast to ensure you maximise your returns.

Our Partner

Savings rates compare

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