Four great savings deals

With the Bank of England's base rate so low, finding a rewarding home for your savings can be difficult. But there are still some good deals out there, says Ruth Jackson. Here are four of the best.

With the Bank of England's base rate so low, finding a rewarding home for your savings can be difficult. But there are still some good deals out there. You just need to decide how quickly you want to be able to access your account.

If you're likely to need to get at your money at the drop of a hat, then I'm afraid you will pay the price for convenience. Instant-access accounts tend to have the lowest interest rates. The best on offer at present is West Bromwich Building Society's No Notice Saver Direct, which pays 2.8%. That's a puny 2.24% after tax, or 1.68% for higher-rate taxpayers.

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Ruth Jackson-Kirby

Ruth Jackson-Kirby is a freelance personal finance journalist with 17 years’ experience, writing about everything from savings accounts and credit cards to pensions, property and pet insurance.

Ruth started her career at MoneyWeek after graduating with an MA from the University of St Andrews, and she continues to contribute regular articles to our personal finance section. After leaving MoneyWeek she went on to become deputy editor of Moneywise before becoming a freelance journalist.

Ruth writes regularly for national publications including The Sunday Times, The Times, The Mail on Sunday and Good Housekeeping, among many other titles both online and offline.