If you're looking for the best savings rates, you can earn as much as 4.51% with the top easy-access account or up to 4.5% with a one-year fixed savings account.
The difference is that you have the freedom to make withdrawals with an easy-access account, whereas fixing your savings requires your cash to be locked in for a specific term.
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Note:
All the banks we mention in this article are protected by the Financial Services Compensation Scheme, meaning up to £85,000 of your savings are protected should a bank or other financial services company go out of business.
Best notice savings rates
Account | AER | Minimum deposit | Notes |
|---|---|---|---|
4.55% | £1,000 | Save up to £500,000. Open online. | |
4.54% | £1 | Save up to £500,000. Open online. | |
4.51% | £25,000 | Save up to £2 million. Open online | |
4.5% | £1 | Save up to £3 million. Open online |
The best easy-access savings rates
Account | AER | Minimum deposit | Notes |
|---|---|---|---|
4.51% | £25,000 | Save up to £2 million. Open online | |
4.5% | £0 | Save up to £3 million. Open online | |
4.5% | £0 | Save up to £200,000. Open online. | |
4.48% | £10,000 | Save up to £255,000. Open online |
Best regular savings accounts
Account | AER | Minimum deposit | Notes |
|---|---|---|---|
7.5% | £1 | Save up to £200 per month. Open online or in person. | |
7.1% | £0 | Save up to £300 per month. Open online. | |
7% | £25 | Save up to £300 per month. Open online. | |
7% | £1 | Save up to £300 per month. Open online. |
The best one-year fixed rates
If you’re happy to lock a chunk of your savings away for a year, it might be worth considering a one-year fixed savings account, currently paying up to 4.5%.
Just note that if you take money out before the fixed period ends, you will lose the interest deal.
Account | AER | Min. opening deposit | Notes |
|---|---|---|---|
4.5% | £5,000 | Save up to £250,000. Open online | |
4.46% | £1,000 | Save up to £1 million. Open online | |
4.41% | £1,000 | Save up to £250,000. Open online | |
4.42% | £1,000 | Save up to £250,000. Open online |
The best two-year fixed rates
Account | AER | Min. opening deposit | Notes |
|---|---|---|---|
4.45% | £1,000 | Save up to £2 million. Open online | |
4.42% | £1,000 | Save up to £1 million. Open online | |
4.41% | £1,000 | Save up to £250,000. Open online | |
4.4% | £1,000 | Save up to £250,000. Open online |
The best three-year fixed rates
Account | AER | Min. opening deposit | Notes |
|---|---|---|---|
4.25% | £1,000 | Save up to £2 million. Open online | |
4.25% | £100 | Save up to £500,000. Open online | |
4.21% | £2,000 | Save up to £1 million. Open online, in person or via post | |
4.2% | £1,000 | Save up to £100,000. Open online |
Types of savings accounts
If you're looking to store your cash in an interest account there are several different types to choose from – ranging from easy-access accounts to one, two or three-year fixes.
- Easy access accounts allow you to take your money out as and when you please.
- Fixed-rate accounts, or fixed-rate bonds, come with restrictions and also mean you cannot access your cash until the account reaches maturity. You usually earn more interest if you are willing to lock your cash away for a fixed period but keep in mind that this also takes away flexibility should you need the cash suddenly.
- Regular savers reward customers ready to commit to a consistent savings habit. These are usually the top-paying savings rates in the market.
- Savings accounts for existing customers reward loyalty, providing higher rates or accounts with perks.
Looking to switch your current account? Take a look at our guide to the best offers for switching banks, where you can earn as much as £200 for moving bank accounts.
This article is updated regularly to bring you the latest on the best savings rates. Sign up for our newsletter to stay up-to-date on all the latest deals for cash savings.
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