Compare Savings Accounts & Interest Rates

  • Compare savings accounts from UK Banks & Building Societies
  • Sort by interest rate and compare features
  • Apply to open an account online
The AA Easy Access ISA Credit Card
AER Interest Rate:
1.36%
(variable)
Notice Period:
Instant
Minimum opening deposit of £500. Rate includes a fixed bonus of 1.16% tax-free for 12 months from account opening. Interest calculated daily and paid to you in March.

Apply Online
Bank AccountAER Interest RateMin. Opening DepositFeatures
AA Easy Saver

A new online savings account from The AA includes a fixed bonus rate.
1.36%
(variable rate)
£100

  • Manage your savings online 24/7

  • Free withdrawals with no penalties or notice periods

  • Interest paid annually on anniversary of account opening

  • Quick and easy online application

Apply
AA Member Saver

A variable rate savings account exclusively available to AA Members.
1.37%
(variable rate)
£100

  • Rewards your loyalty with an exclusive account available to AA members only

  • Manage your savings online 24/7

  • Free withdrawals with no penalties or notice periods

  • Interest paid annually on anniversary of account opening

  • Quick and easy online application

Apply
B Instant Savings Account

Set up savings targets and saving pots within your B app.
1.00%
(variable rate)
£1

  • Interest paid quarterly

  • Savings pots can help you reach goals more easily

  • Move money from savings to current account with the B App

Apply
Barclays Everyday Saver

Save whenever you want, for as long as you want with instant access.
0.25% to 0.30%
(variable rate)
£1

  • Instant access to your money - online, telephone or branch

  • Optional ATM card to withdraw up to £300 per day

  • Offset savings account against your mortgage

  • Have more than one Everyday Saver account in sole or joint names

Apply
Halifax Everyday Saver

A variable interest account with easy access to your money.
0.20%
(variable rate)
£1

  • Make unlimited deposits

  • Interest paid annually

  • Qualifying account for Halifax Savers Prize Draw

Apply
Halifax Fixed Saver

A fixed interest rate account for savers who are happy to put their money away for 2 years.
1.25%£500

  • Fixed interest rate gives peace of mind

  • Interest paid monthly or annually

  • Qualifying account for Halifax Savers Prize Draw

  • No withdrawals buy you can close account early with fees

Apply
Halifax Regular Saver

Watch your savings grow and earn fixed interest for one year.
2.50%£25

  • Save from £25 to £250 a month by standing order

  • Fixed interest rate gives peace of mind - paid annually

  • Qualifying account for Halifax Savers Prize Draw

  • No withdrawals

Apply
HSBC Fixed Rate Saver

Choose to save for a fixed term of 3 months to 3 years.
0.45% to 0.85%£2,000

  • Deposit between £2,000 and £1,000,000

  • For deposits of £50,000 or more, no early withdrawals

  • For balances below £50,000, early withdrawal in full is possible subject to a fee

  • Only available to HSBC current account customers

Apply
HSBC Flexible Saver

Save for a wedding, holiday or rainy day.
0.15% to 0.20%
(variable rate)
£1

  • Instant access with no charge

  • Open as many Flexible Saver accounts as you want

  • Advance customers are eligible for preferential rates

Apply
HSBC Online Bonus Saver

Bonus interest in any month you don't make a withdrawal.
0.55%
(variable rate)
£1

  • Instant access with no charge

  • Manage your account online

Apply
HSBC Premier Savings

Only available to HSBC Premier customers.
0.20%
(variable rate)
£1

  • Instant access with no charge

  • Transfer funds in real time to or from your HSBC Premier current account

  • Telephone & Internet banking 24/7

Apply
HSBC Regular Saver

Save up to £3,000 at a fixed rate of interest for 12 months.
3.00% to 5.00%£25

  • Deposit £25 - £250 per month

  • No partial withdrawals allowed during the 12 month period

  • Preferential rates for HSBC Premier or Advance customers

  • Earn high interest rate

Apply
Lloyds Bank Club Lloyds Monthly Saver

A monthly savings account for Club Lloyds customers, with instant access to your money.
3.00%
(variable rate)
£25

  • Save from £25 to £400 a month

  • Fixed interest rate

  • Online, branch and phone

  • Interest paid annually

Apply
Lloyds Bank Club Lloyds Saver

A variable interest account for Club Lloyds customers with instant access to your money.
0.60%
(variable rate)
£1

  • Instant access

  • Internet Access & PhoneBank

  • Make unlimited deposits

  • Interest paid monthly or annually

Apply
Lloyds Bank Easy Saver

A variable interest account with instant access to your money.
0.20%
(variable rate)
£1

  • Make unlimited deposits

  • Online, branch and phone

  • Interest paid annually

Apply
Lloyds Bank Monthly Saver

Earn fixed interest for one year, with instant access to your money.
2.50%£25

  • Save from £25 to £250 a month

  • Online, branch and phone

  • Fixed interest rate

  • Interest paid annually

Apply
Nationwide Flex Online Saver

Exclusively for members with a main current account.
0.60%
(variable rate)
£1

  • Instant access

  • Open and manage online

Apply
Nationwide Flex Regular Online Saver

Exclusively for members with a main current account.
5.00%
(variable rate)
£250

  • Instant access

  • Save up to £250 a month

  • 12-month account

  • Open and manage online

Apply
Nationwide Instant Access Saver

The convenience of accessing your money whenever you need it, with no change to your interest rate.
0.10% to 0.25%
(variable rate)
£1

  • An everyday, no frills savings account

  • Instant access

  • Open and manage online or in branch

Apply
Nationwide Limited Access Saver

Offering you the flexibility to make up to five withdrawals in 12 months without your interest rate dropping.
0.75%
(variable rate)
£1

  • Instant access - up to 5 withdrawals in an account year

  • Further withdrawals are allowed at a lower interest rate

  • Open and manage online or in branch

Apply
Post Office Instant Saver

Savings account with a cash card
0.75%
(variable rate)
£100

  • Have at least £100 to save

  • Interest paid annually in March

  • Unlimited free withdrawals

  • Access online, in branch, by phone, ATM or post

Apply
Post Office Online Saver

Manage your account online without having to telephone or visit a branch.
1.15%
(variable rate)
£1

  • Easy access, no withdrawal limits

  • Choose annual or monthly interest

  • Unlimited free withdrawals

  • Access online only

Apply
RBS Fixed Term Savings

Free fixed interest rate account for balance from £500
1.00% to 1.25%£500

  • Choose 1 or 2 year term

  • Access online, telephone & branch

  • Deposit or withdraw funds until business day before Fixed Term Start Date

Apply
RBS Instant Saver

Free instant access savings account.
0.20% to 0.35%
(variable rate)
£1

  • Awarded the 5 star Fairbanking mark

  • Instant access online, telephone & branch

  • Free Savings Goal Tool

Apply
Santander eSaver

An online savings account with instant, penalty-free access.
0.40% to 0.50%
(variable rate)
£1

  • Save from £1 up to £2 million

  • Unlimited deposits and withdrawals

  • Manage through online or mobile banking

Apply
Santander Everyday Saver

A straightforward savings account with instant, flexible access.
0.35%
(variable rate)
£1

  • Save from £1 up to £2 million

  • Unlimited deposits and withdrawals

  • Manage through online or mobile banking

Apply
Santander Regular eSaver

Online regular savings funded from your Santander current account.
3.00% to 5.00%£200

  • Save up to £200 a month

  • Withdraw funds to your Santander current account

  • Manage through online or mobile banking

Apply
Yorkshire Bank 40 Day Notice Account

Access to your savings with 40 days' notice.
0.65% to 1.05%
(variable rate)
£500

  • Suitable for regular savings

  • Interest earned quarterly

  • 40 days notice to withdraw funds

Apply
Yorkshire Bank Instant Savings Account

The flexible instant savings account.
0.20% to 0.30%
(variable rate)
£1

  • Interest paid quarterly

  • Debit Mastercard online only non-contactless card

  • Online, phone or branch access

  • Tiered interest rates

Apply
Yorkshire Bank Signature Savings Account

Your Signature Savings Account gives you access to your money through your linked Signature Current Account.
0.30% to 0.60%
(variable rate)
£1

  • Must have Signature Current Account

  • Interest paid quarterly

  • Suitable for regular savings

  • Telephone, internet & mobile access

  • Offset mortgage facility

Apply
Ford Money Flexible Saver

Enjoy easy access to your money with flexible pay-ins and unlimited withdrawals, free of charge.
1.29%
(variable rate)
£1

  • Make deposits and withdrawals whenever you want

  • Our Best Rate Guarantee

  • £1 to £2 million

  • Open an account singly or jointly

Apply
Ford Money Fixed Saver 1 Year

Enjoy a fixed rate of interest for locking a lump sum of money away for a set term.
2.00%£500

  • Unlimited deposits in the first 14 days of us receiving your application

  • Our Best Rate Guarantee

  • £500 to £2 million

  • Open an account singly or jointly

Apply
Ford Money Fixed Saver 2 Year

Enjoy a fixed rate of interest for locking a lump sum of money away for a set term.
2.05%£500

  • Unlimited deposits in the first 14 days of us receiving your application

  • Our Best Rate Guarantee

  • £500 to £2 million

  • Open an account singly or jointly

Apply

Compare Savings Accounts

Savings Accounts

With interest rates at historical lows in the UK, the amount of money you can earn from your savings is minimal. Therefore, it pays to at least shop around to find an account that not only pays you interest but offers other features and benefits.

Here are the main factors you should take into consideration when looking to compare savings accounts.

AER Interest Rate

The Annual Equivalent Rate (AER) is a percentage figure used to help you compare savings accounts and is based on the assumption that you keep your savings in the same account for 12 months. The AER is designed to give you a more accurate picture when comparing interest rates side-by-side.

It is used as an alternative to the Gross rate, which is basically a flat annual interest rate.

Unlike the gross rate, the AER rate factors in the interest you earn each month i.e. the compound interest. This is because if your savings account earns monthly interest, then the following month you will earn interest on your savings plus the interest that was previously accrued. If your savings account only pays interest annually, then the AER and Gross rate should effectively be the same.

Both the AER and Gross rates show the interest earned before any possible tax deductions.

Account Management

Another major factor to consider when comparing savings accounts is how you get access to your money and manage your account.

Many banks and building societies offer multiple ways of managing your account including:

  • Online Banking via the bank’s own website
  • Mobile Banking including access via the provider’s own app
  • Telephone Banking using a pin code
  • Branch Services – in person at a local branch of the bank

However, some accounts may restrict some of these methods such as only allowing you to withdraw over the telephone or in person at a bank branch. In particular children's savings accounts may have certain restrictions.

Access to your savings

Most accounts will generally have the flexibility of allowing you to access and withdraw your savings at any time. However, some accounts, particularly fixed interest ones that pay higher rates, may only allow you limited access a couple of times a year or may penalise you for withdrawing your money.

You should also be aware of having to give notice on withdrawing your money. Although most savings accounts don’t have this rule, some higher interest paying ones or fixed interest accounts may require you to let them know some time beforehand e.g. 30 days, 60 days etc., that you intend to withdraw your money.

Minimum Opening Deposit

Whilst the majority of savings accounts can be opened with a deposit as little as £1, some may require higher amounts.

For example, some regular savings accounts where you need to save a minimum amount each month, usually require you to deposit that minimum amount when opening the account.

Fixed term savings accounts that often pay higher interest rates, will also require you to deposit a minimum deposit higher than £1.

Exclusive to members

Some savings account options will require you to have a normal current account with that bank or building society provider. In return you may get a higher interest rate on your savings, an additional bonus rate or some premium features.

By having a current account with the same provider as your savings account, you can easily transfer between the two.

Interest rate comparison as of September 2018
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