Best savings rates - Monthly income

  • The web's best savings tables
  • Completely independent and unique
  • Accounts with catches are stripped out or shown separately 
  • Compiled by savings expert Sylvia Morris  
  • Unlike other tables, providers do not have to pay to appear

By THIS IS MONEY

Updated:


BRANCH-BASED ACCOUNTS - instant access 
Type of account (min investment) 0% tax 20% tax 40% tax
Kent Reliance Easy Access 13 (£1,000+) 4.00 3.182.39
Newbury BS Senior Saver (£500+) 2.852.281.71
ONLINE ACCOUNTS - instant access 
Type of account (min investment) 0% tax 20% tax 40% tax
Vida Savings Double Access Saver (£1+) (2) 4.08 3.27 2.45 
Virgin Money Double Access E-Saver 18 (£1+) (2) 4.07 3.26 2.44 
Charter Savings Bank Easy Access 74 (£5,000+) 3.983.182.39
Hodge Bank Easy Access 1 (£1+) 3.943.152.36 
Aldermore Bank Double Access 8 (£1,000+) (3) 3.933.142.36
RCI Freedom Account (£100) 3.883.12.33
Spring Easy Access (Paragon Bank app account) 3.763.01 2.26
Vida Savings Easy Access 3 (£500+) 3.74 3.98 2.25 
Ford Money (£500+) 3.733.982.24 
Investec Online Flexi Saver (£5,000+) 3.733.982.24
Chetwood Bank (£1+) 3.723.972.23
Marcus by Goldman Sachs (£1+) (1)3.692.952.47
NS&I Income Bonds (£500+) 3.012.41 1.81
(1) Includes a bonus    
(2) You are limited to two withdrawals a year    
(3) You are limited to three withdrawals a year    
(4) You care limited to four withdrawals a year    
PHONE & POSTAL ACCOUNTS - easy access 
Type of account (min investment) 0% tax 20% tax 40% tax
NS&I Income Bonds (£500+) 3.012.411.81
Newbury BS Senior Saver (£500+) (1) 2.852.281.71
(1) Available to those age 55 or over only    
(7) You are limited to four withdrawals from your capital a year    

 

Best mortgages

 

 

FIXED-RATE ACCOUNTS 
Type of account (min investment)   0% tax 20% tax 40% tax
ONE YEAR  
Atom Bank (£50+)   4.27 3.42 2.56 
Charter Savings Bank (£5,000+)   4.26 3.41 2.56 
Kent Reliance (£1,000+)   4.24 3.39 2.54 
Vanquis Bank (£1,000+)   4.22 3.38 2.53 
Zopa Bank (£1,000+)   4.21 3.37 2.53 
Kent Reliance (£1,000+)   4.173.342.5
Aldermore Bank (£1,000+)   4.12 3.22 2.41 
RCI Bank (£1,000+)   4.12 3.22 2.41 
GB Bank (£1,000+)   4.073.262.44
Virgin Money (£1+)   4.043.232.43
National Savings & Investments (£500+)  4.003.22.40
Tesco Bank (£1,000+) 4.13  3.933.142.36 
Ford Money (£500+)   3.9 3.12 2.34 
Hodge Bank   3.873.12.32
      
18 MONTHS      
      
TWO YEARS   
Market Harborough BS (£5,000+) (to 31.7.2028)   4.55 3.64 2.73 
Charter Savings Bank (£5,000+)   4.36 3.49 2.62 
Atom Bank (£50+)   4.273.36 2.52
Kent Reliance (£1,000)   4.27 3.36 2.52 
Vanquis Bank (£1,000+)   4.24 3.39 2.54 
RCI Bank (£1,000+)   4.193.352.51
Zopa Bank (£1,000+)   4.083.252.46
Ford Money (£500+)   3.98 3.18 2.39 
Aldermore (£1,000+)   3.96 3.17 2.38 
GB Bank (£1,000+)   3.933.142.36
National Savings & Investments (£500+)   3.913.13 2.35
      
THREE YEARS  
Market Harborough BS (£5,000+)(to 31.7.2028)   4.55 3.64 2.73 
Charter Savings Bank (£5,000+)   4.36 3.49 2.62 
RCI Bank (£1,000+)   4.273.422.56
Atom Bank (£50+)   4.273.362.52
Kent Reliance (£1,000)   4.27 3.42 2.56 
Skipton BS (£500+)   4.07 3.26 2.44 
Aldermore Bank (£1,000+)   4.05 3.24 2.43 
Ford Money (£500+)   4.02 3.22 2.41 
National Savings & Investments (£500+)   3.95 3.162.37
Zopa Bank (£1,000+)   3.923.142.35
GB Bank (£1,000+)   3.88 3.12.33
Hodge Bank (£1,000+)   3.843.072.3
      
FIVE YEARS   
Atom Bank (£50+)   4.36 3.49 2.62 
Hodge Bank (£1,000+)  4.28 3.42 2.57 
Skipton BS (£500+)  4.18 3.34 2.51 
Aldermore Bank (£1,000+)   4.12 3.3 2.47 
National Savings & Investments (£500+) 3.98 3.18 2.39
Paragon Bank (£1.000+)   3.98 3.18 2.39 
GB Bank (£1,000+)   3.883.1 2.33
(1) 15-month term      

* Note: From April 2018, tax conversions will apply only to taxpayers living in England, Wales and Northern Ireland. Scottish taxpayers are subject to different income tax rates after this date.

50 ways to save money

 

 

CASH ISA - easy access - variable rates, tax-free interest 
Type of Account (min investment)    
Atom Easy Access Cash Isa (£1+)   4.17 
Vida Savings Double Access Isa (£1+) (2)   4.08 
Kent Reliance Easy Access Cash Isa 72 (£1,000+)   3.98
Charter Savings Bank Easy Access Isa 74 (£1,000+)   3.95
Vida Savings Defined Access Isa 4 (£500+)(6)   3.88
Vida Savings Easy Access Isa 4 (£500+)   3.79 
Ford Money (£1+)   3.73
Marcus by Goldman Sachs Cash Isa (£1+) (1)   3.69
FIXED-RATE ACCOUNTS    
ONE YEAR  
Hodge Bank (£1,000+)   4.28 
Vanquis Bank (£1,000+)   4.2 
Charter Savings Bank (£5,000+   4.24 
Vida Savings (£1,000+)   4.19 
Zopa Bank (£1+)   4.17 
Aldermore Bank (£1,000+)   4.14 
Coventry BS (£1+)   4.13
Shawbrook Bank   4.09 
Kent Reliance (£1,000+)   4.09 
Virgin Money (£1+)   4.07 
Paragon Bank (£1.000+)   3.93 
    
18 MONTHS    
West Bromwich BS (£1+)   4.36 
Skipton BS (£500+) (8)   4.17 
Paragon Bank £500+)(8)   4.25 
    
TWO YEARS  
Hodge Bank (£1,000+)   4.28 
Charter Savings Bank (£5,000+)   4.28 
Vanquis Bank (£1,000+)   4.22 
Aldermore Bank (£1,000+)   4.22 
Paragon Bank (£1,000+)   4.12 
Kent Reliance (£1,000+)   4.09 
RCI Bank (£1,000+)   4.07 
Zopa Bank (£1+)   4.03
Vida Savings (£100+)   3.83
    
THREE YEARS  
West Bromwich BS (£1+)   4.31 
Charter Savings Bank (£5,000+)   4.28 
Hodge Bank (£1,000+)   4.15 
Paragon Bank (£1,000+)   4.12 
Aldermore Bank (£1,000+)   4.08 
Skipton BS (£500+) ( 30 months)  4.07 
Kent Reliance (£1,000+)   4.05 
Ford Money (£500+)   3.83 
Zopa Bank (£1+)   3.83
Shawbrook Bank (£1.000+)   3.74
    
FIVE YEARS    
Hodge Bank (£1,000+)  4.35 
West Bromwich BS (£1+)   4.31 
Paragon Bank (£1.000+)   4.27 
Skipton BS (£500+)  4.18 
Zopa Bank (£1+)   3.73
    
(1) You cannot transfer your existing Isas into this account 
(2) You are limited to two withdrawals a year from your capital  
(3) Includes a 0.25 percentage point bonus payable for the first year  
(4) You are limited to six withdrawals from your capital a year  
(5) You are limited to three withdrawals from your capital a year  
(6) You are limited to four withdrawals from your capital a year  
(7) Tracks base rate for 12 months  
(8) 15-month term  
interest rates

Dear Reader,

These tables are unique on the web. They are independent and providers are not forced to pay to appear, which is typically the case at big comparison sites.

Independent savings expert: Sylvia Morris

Independent savings expert: Sylvia Morris

They are completely unbiased - we simply show the best rates around and don't do 'featured deals'.

We've gone a step further, too. To feature in the best buys on variable rate accounts in our savings tables, an account must give you easy access to your money and come with no hidden catches.

In the past we have refused to include accounts where the rate is boosted by a short-term bonus or those with over-restrictive conditions so you only earn the advertised rate if you make three or less withdrawals a year.

But with interest rates so low, most of today's best deals have some sort of clause built in, whether that's a bonus or a restriction on withdrawals.

For that reason, we've included decent bonuses as long as they last for at least 12 months. This is to avoid you having to switch your account too often when short-term bonuses run out.

If there is a restriction on withdrawals we have made this clear in the notes on each account.

We also ignore old-style 'notice' accounts where the bank or building society can demand you give up to six months' notice that you want to take our money out while it can change the rate at any time without warning.

All banks and building societies are registered with the Financial Services Authority and signed up to the Financial Services Compensation Scheme, either directly (protecting up to £120,000) or via its passport scheme (where the compensation limit depends on the bank's home country. In Europe it is €100,000).

If you have a question about the tables email sy.morris@dailymail.co.uk and editor@thisismoney.co.uk

Sylvia Morris

This is Money savings tables expert

 

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