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Savings Rates

Saving for that initial deposit on a house or paying off some outstanding bills? Even if you have no specific reason to save at the moment, you'll always want to make sure your hard earned cash is growing as much as it can.

Effective saving is best done by selecting the most appropriate savings account for your needs with the highest savings rates. In some cases you may want to switch an existing savings account or provider in order to find the most competitive savings rates.

There are numerous different saving accounts available and consequently saving rates can vary tremendously. Consider other aspects and features of each specific account in order to choose the one that is best for your circumstances. For instance, a fixed rate bond or savings account may offer a higher rate of interest than that of a current account, but it is likely that access to your money will be limited or restricted.

Remember, savings rates and accounts are constantly changing, so the best deal now may not necessarily be as lucrative in 6 months time. This is particularly the case when signed onto a provider's special introductory rate. Often this fixed saving rate will revert to the lender's standard variable rate after a certain period of time. If this is the case, it's important to regularly review your rates and charges and switch accounts if more competitive savings rates become available.

Independentfinancialadvisor.co.uk can help you negotiate the best savings rates and accounts in relation to your circumstances. Consult our comparison table below or alternatively, speak to a member of our partner's independent savings advice team for impartial savings advice regarding a wide range of saving accounts.

 

Current Accounts Savings Accounts Fixed Rate Bonds Cash ISAs

 

Provider Account Rate More Info
Nationwide MySave Online Plus 3.12%
AER
1.58% Gross p.a. bonus fixed for 12 months. One free withdrawal per year. Flexibility for additional withdrawals.
ING Direct ING Direct Savings Account 3.10%
AER Variable
New customers can enjoy a rate of 3.10% AER inc a 12 month fixed bonus of 2.56%. Max balance applies. Open in as little as 10 mins - easy access - someone new joins every 20 seconds.
Halifax Online Saver 2.80%
Gross / AER
Instant access, minimum deposit of £1. Access your savings 24/7/365
Halifax Reward Saver 2.50%
Gross / AER
Instant access, minimum deposit of £1. Access your savings 24/7/365
Intelligent Finance Intelligent Finance iSaver 2.49%
Gross / p.a.
An online rate of 2.49% AER annually. Manage your savings online. A simple product with no short term bonus or withdrawal restrictions.
Lloyds TSB International Lloyds International Bonus Saver 2.00%
Gross / p.a.
Instant Access, up to 2.01% AER (variable) with bonus. Sterling, Euro or Dollar.
RBS RBS Direct Saver 1.50%
Gross / p.a.
Save over 50K and receive 1.5%. Interests rates vary for smaller amounts.
Natwest Natwest e-Savings 1.00%
Gross / AER
Offers a rewarding rate of 1.00% AER / Gross (variable) no matter how much you save.
HSBC Online Bonus Saver 0.75%
Gross / p.a.
Variable rate of 0.75% AER (0.75% gross including bonus interest) when you don't make a withdrawal.

 

The products contained in this table are a sample of those that were available on at the time of publishing. The table does not include all of the products availble and those seleted are not necessarily a representative sample of the whole market. Furthermore they do not constitute either the cheapest or most suitable products available and we recommend that you seek independent financial advice before making any changes to your financial affairs.


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