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
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