We’re chatting about savings rates in a bunch of different topics. As an experiment I thought I’d create a wiki for us to keep track of the current best rates (and chat about them obvs). Let’s see if it works…
Easy Access Savings
Bank / Account Name
Interest rate
Restrictions / Notes
Barclays Rainy Day Saver
5.12%
upto £5,000 (0.15% above £5,000)
Zopa
2.86%
Cynergy
2.75%
Al Rayan Everyday Saver issue 3
2.81%
Tandem
2.05%
Virgin Money
2.02%
Gatehouse
2.80%
Ford Money
2.62%
currently closed to new accounts
Tesco Bank
1.91%
Atom
1.90%
AER
Shawbrook
1.81%
Marcus
2.50%
AER (including a 1 year fixed bonus of 0.25%)
Notice Savings Accounts
Bank / Account Name
Interest rate
Restrictions / Notes
Tandem
4.25%
Lock for 1 year
Tandem
4.5%
Lock for 18 months
Tandem
4.6%
Lock for 2 years
Tandem
4.7%
Lock for 3 years
Tandem
4.8%
Lock for 5 years
Zopa
2.91%
7 day notice
Zopa
3.06%
31 day notice
Zopa
3.26%
91 day notice
Regular Saver Accounts
Bank / Account Name
Interest rate
Restrictions / Notes
HSBC
5%
12 months, Max 250 monthly
Yorkshire Building Society
5%
Existing customer for at least 1 year, Max 500 monthly
First Direct
7%
12 months, Max 300 monthly
NatWest
5.12% AER
until £5000 (0.5% after), Max 150 monthly
RBS
5.12% AER
until £5000 (0.5% after), Max 150 monthly
Club Lloyds Monthly Saver
5.25%
max £400 monthly for 1 year, easy access for withdrawals
Lloyds Monthly Saver
4.50%
max £250 monthly for 1 year, easy access for withdrawals
Halifax Regular Saver
4.50%
max £250 monthly for 1 year. No withdrawals allowed unless you close the account
Feel free to play around with the formatting, adding tables, links or other info if that helps!
Coventry Building Society have a Limited Access account, (6 penalty free Withdrawals) that currently pays 2.85%, increasing to 3.25% at the turn of the year.
In line with Our Best Rate Guarantee we’re increasing the interest rate on our Flexible Saver effective 21st December 2022 as follows:
Currently: 2.47% Gross
New rate (21st Dec): 2.62% Gross
Given that this is a subject that changes fairly rapidly I thought I would ask this question again although there are several threads on the topic already. That, and I have never heard of the institution in the link below until it came up on a Martin Lewis top 10 savings accounts search.
My partner and I are looking to combine our savings into one joint account. We will be depositing a lump sum and adding to the balance as circumstances permit and therefore not looking to make regular monthly deposits. Do want easy access though without restriction or penalty and this lot seem to have an ideal product @5% interest.
On the basis that we have been together for nearly 34 years we have no concerns about one of us running away with the till
Does anyone know anything about them or can suggest a route for me to check them out more fully? Perhaps there are better options out there? Would like to hear about them.
I will be posting this on another forum so apologies for the repetition.
The savings offerings on the HTB website seem to change frequently (for fixed rates at least - they’ll withdraw everything and there will be nothing for a while but then reappear). But they do have the advantage of offering joint savings for fixed and variable rates.
We opened an 18 month fixed rate account at the end of 2022. The application process on the website was easy enough. The credentials for online account logon came through by post so a bit of a wait but nothing major. Once you have an account opened online, I think that to open a second account you have to phone them.
Paying in was easy though not reflected online until next working day I think.
Written communication is clear, professional, nicely done.
There’s no app (not such an issue for savings though) and logon is with a hard to remember user ID.
However on the whole, although I’d never heard of them either, a really good experience and if they have another decent fixed rate we’ll probably stay with them when this one ends in May.
