The good news keeps on coming for cash savers with no let up in competition in the savings market, resulting in a wide choice of very competitive interest rates.
The Bank of England has today raised bank base rate from 4.25% to 4.50% so we expect to see even better deals for savers in the next couple of weeks.
Whether you’re looking for a home for your emergency savings or to lock your cash away in a fixed rate bond to achieve a better return, there are plenty of options to choose from.
Amongst the most competitive players in the savings market of late are Shawbrook Bank, Zopa, Close Brothers, Kent Reliance, Atom Bank and Aldermore – with the very latest top deals listed below.
If your money is sitting in a high street bank account earning close to zero now is the time to move your cash to an account that pays a best buy rate and puts extra in your pocket – it only takes a few minutes to open a new savings account online – so why wait a minute longer – grab yourself a higher rate.
Rates are changing every day at the moment, but here are some of the best deals as of 2.00pm today 11th May 2023
Easy Access Savings
- 3.71% Chip
- 3.65% Shawbrook Bank
- 3.55% Aldermore
- 3.45% Kent Reliance
Fixed Rate Bonds
- 4.90% United Trust Bank (1 Year)
- 4.85% Charter Savings Bank (1 Year)
- 4.91% Close Brothers Savings (2 Years)
- 4.90% Charter Savings Bank (2 Years)
- 4.88% United Trust Bank (3 Years)
- 4.70% Ford Money (3 Years)
- 4.75% Hampshire Trust Bank (5 Years)
- 4.90% United Trust Bank (5 Years)
Deposits with the above providers are protected up to a total of £85,000 per individual by the Financial Services Compensation Scheme (FSCS), the UK’s deposit protection scheme
Where are the good rates that a person can apply for via post, phone etc. I live out in the country and there are not advertised.
Hello Anne
Thank you for getting in touch.
Unfortunately as you point out, the majority of top savings rates are now online only which is a shame, because it excludes many people like yourself.
I’m not sure what sort of account you are looking for, but below I’ve given details of a couple of easy access products and also a 1 year fixed rate bond – these can all be opened and managed by post.
Yorkshire Building Society Rainy Day Account
West Brom Building Society Limited Access Saver
Paragon Bank 1 Year Fixed Rate Bond 4.00%
I hope that is of some use to you – however if you were looking for something more specific, please let me know.
Kind regards
Andrew