Best UK Savings Accounts
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Best UK Savings Accounts
Help finding the best UK savings account to earn the highest rate of interest for your savings.
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My Money Podcast #54 | Help Me To Save

My Money Podcast #54 | Help Me To Save | Best UK Savings Accounts | Scoop.it
HelpMeToSave's insight:

Why on earth is the Bank of Scotland contacting customers with maturing fixed rate cash ISAs to offer Bank of Scotland products which pay a lower rate of interest than Halifax products? Another prime example of why you must always do your own research to find the best rates for your savings.

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3 of the Best Current Accounts: My Money Podcast #53

A look at three of the best current accounts if you stay in credit
HelpMeToSave's insight:

Top of my list of the best UK current accounts is the Santander 123 Current Account as I earn 3% interest on a balance between £3000 to £20,000; a much higher rate of interest than is paid on instant access savings accounts.

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Britannia Don’t Make It Easy to Open a Savings Account | Help Me To Save

Britannia Don’t Make It Easy to Open a Savings Account | Help Me To Save | Best UK Savings Accounts | Scoop.it
HelpMeToSave's insight:

I've gave up trying to open a Britannia Select Access Saver.

 

You can't open an account online, only apply for an account.

 

Britannia posted me my completed online form to return with a cheque with my opening deposit.

 

However my cheque was returned saving they couldn't open my savings account because I hadn't signed a declaration. That's because Britannia didn't post me a declaration form.

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Leeds Building Society Fixed Rate Bonds with Access to 25% of Your Cash | Help Me To Save

Leeds Building Society Fixed Rate Bonds with Access to 25% of Your Cash | Help Me To Save | Best UK Savings Accounts | Scoop.it
HelpMeToSave's insight:

You can earn 2.75% interest with access to 25% of your savings in the Leeds Building Society five year fixed rate bond.

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Would You Tie Up Your Savings for Five Years? | Help Me To Save

Would You Tie Up Your Savings for Five Years? | Help Me To Save | Best UK Savings Accounts | Scoop.it
HelpMeToSave's insight:

Getting a rate of 3% for tying up your savings for 5 years not that alluring, especially if you have to pay on that return.

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A summer of rate cuts is not the end: Savers warned that their returns will be slashed further this autumn

A summer of rate cuts is not the end: Savers warned that their returns will be slashed further this autumn | Best UK Savings Accounts | Scoop.it
This month 13 banks and building societies have lowered rates on 116 accounts by an average 0.36 percentage points, according to Savings Champion.
HelpMeToSave's insight:

Oh dear looks like rates of interest paid on UK savings accounts are going to keep falling. I just shunted our instant access savings into a Nationwide Loyalty Saver today when a 12 month bonus ended. I just hope that Nationwide don't drop that rate on that account soon.

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Santander 123 Current Account | Help Me To Save

Santander 123 Current Account | Help Me To Save | Best UK Savings Accounts | Scoop.it
It's complicated to work out if the Santander 123 Currrent Account is a good buy, it depends how much you spend on what & which current account you use at present.
HelpMeToSave's insight:

You can earn 3% interest on balances between £3,000 to £20,000 in the Santander 123 Current Account; much higher than any instant access savings account. The downside is there's a monthly fee of £2 but I can recoup this with cashback paid on my monthly household direct debits.

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Battle for long-term fixed rate savings: Shawbrook reclaims top of the five year best buys with 3% rate after Tesco stole its crown for 24 hours

Battle for long-term fixed rate savings: Shawbrook reclaims top of the five year best buys with 3% rate after Tesco stole its crown for 24 hours | Best UK Savings Accounts | Scoop.it
Shawbrook Bank has today upped the rate on its five year fixed-rate savings account firing it straight back to the top of the best This is Money best buy table.
HelpMeToSave's insight:

Best buy rates are being withdrawn so fast, that you have to move quickly if you spot an account that's offering a competitive rate of interest. However many top paying accounts are only available to exising customers.

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Halifax Tracker Bond | Help Me To Save

Halifax Tracker Bond | Help Me To Save | Best UK Savings Accounts | Scoop.it
HelpMeToSave's insight:

The Halifax Tracker Bond pays 1.48% above the Bank of England Base Rate for a 18 month term,  meaning a current rate of 1.98%. However there's a 135 days loss of interest penalty to close the account early.

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Nationwide Flexclusive Cash ISA | Help Me To Save

Nationwide Flexclusive Cash ISA | Help Me To Save | Best UK Savings Accounts | Scoop.it
HelpMeToSave's insight:

This is a Cash ISA for Nationwide Flex Current Account customers, paying 2.25%. It's an instant access account but not transfers in allowed.

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Yorkshire Bank Cash ISA 40 Day Notice Pays 2.5% on Deposits of £24,000+ | Help Me To Save

Yorkshire Bank Cash ISA 40 Day Notice Pays 2.5% on Deposits of £24,000+ | Help Me To Save | Best UK Savings Accounts | Scoop.it
HelpMeToSave's insight:

Worht looking at this Cash ISA if you don't want to tie up your money for too long and have a Cash ISA pot of at least £24,000.

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How Bank of England stymied savers

How Bank of England stymied savers | Best UK Savings Accounts | Scoop.it
The Bank of England's Funding for Lending Scheme has had an unhelpful side-effect of drying up competition for savers' money.
HelpMeToSave's insight:

Yes rates of interest on savings accounts had dropped a lot in the last year or so.

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Monthly Savings Accounts: My Money Podcast #48

An evaluation of monthly savings accounts in the UK.
HelpMeToSave's insight:

A look at regular savings account which offer some fo the highest rates avaiable on saving accounts. However the monthly maximum is oftne quite low £250 - £300.

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Review of Leeds Building Society Regular Savings Account | Help Me To Save

Review of Leeds Building Society Regular Savings Account | Help Me To Save | Best UK Savings Accounts | Scoop.it
HelpMeToSave's insight:

You oculd earn up to 3.05% with the Leeds BS Regular Savings Account, as long as you pay in between £20- £500 a month and don't make more than one withdrawal.

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Restricted Access Savings Accounts | Help Me To Save

Restricted Access Savings Accounts | Help Me To Save | Best UK Savings Accounts | Scoop.it
HelpMeToSave's insight:

My podcast about some restricted access savings products which offer competitive rates but with restrictions on withdrawals.

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Britannia Select Access Saver | Help Me To Save

Britannia Select Access Saver | Help Me To Save | Best UK Savings Accounts | Scoop.it
HelpMeToSave's insight:

The Britannia Select Access Saver pays a variable rate of 1.75%, one of the highest rates around but you can only make four penalty free withdrawals during each calendar year.

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Low Rates of Interest on Savings Really Starting to Bite | Help Me To Save

Low Rates of Interest on Savings Really Starting to Bite | Help Me To Save | Best UK Savings Accounts | Scoop.it
HelpMeToSave's insight:

The 12 month bonus rate of 2.5% paid on my Halifax Reward Saver ended today. and the best new instant access home I could find for the cash was the Nationnwide Loyalty Saver paying 1.7%. Depressing stuff.


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BM Savings Online Reward Account | Help Me To Save

BM Savings Online Reward Account | Help Me To Save | Best UK Savings Accounts | Scoop.it
HelpMeToSave's insight:

The BM Savings Online Reward Account pays a fixed rate bonus which varies between 1.1% to 1.2% depending on how much is in your account. Wit h a balance of £50,000+ you'd earn 1.7%, consisting of a variable rate of 0.5% plus a bonus of 1.2%. The downside is that you can only make four penalty free withdrawals per year.

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'I expect savings rates to rise next year': Shawbrook Bank savings boss believes rates have hit bottom and will creep up in 2014

'I expect savings rates to rise next year': Shawbrook Bank savings boss believes rates have hit bottom and will creep up in 2014 | Best UK Savings Accounts | Scoop.it
With base rate and Funding for Lending having a cataclysmic impact on rates, savers have had it tough in the last 12 months. One industry insider reckons it will get better.
HelpMeToSave's insight:

It's so hard to judge when interest rates will start to rise in the UK. You need a crystal ball to know whether to commit your savings to a long term fixed rate or go for a lower rate in the hope that interest rates increase sooner rather than later.

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Sainsbury’s Bank eSaver Special Pays 1.55% | Help Me To Save

Sainsbury’s Bank eSaver Special Pays 1.55% | Help Me To Save | Best UK Savings Accounts | Scoop.it
HelpMeToSave's insight:

This is an online instant access acount paying a reasonable rate but you need to deposit £1,000 to open it.

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Barclays Monthly Savings Account | Help Me To Save

Barclays Monthly Savings Account | Help Me To Save | Best UK Savings Accounts | Scoop.it
HelpMeToSave's insight:

You can earn a fixed rate of  3.25% with the Barclays Monthly Savings Account but the maximum deposit is £250 per month.

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