More good news as savings rates continue to rise

2022 is turning out to be a very good year for cash savers with a high level of competition in the market pushing rates higher week after week.

It’s likely that the positive news on rates will continue with the Monetary Policy Committe (MPC) expected to increase base rate again when it next meets on 5th May.

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 higher return, there are plenty of options to choose from.

Amongst the most competiive players in the savings market of late are United Trust Bank, blme, Aldermore, Oxbury Bank and Cynergy Bank – with the top deals listed below.

If your money is sitting in a high street bank account earning a pitiful 0.1% or 0.2% 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 what are you waiting for?

Rates are changing pretty much on a daily basis at the moment, but here are some of the best deals as of 9am today 27th April 2022.

Easy Access Savings

1.20% Cynergy Bank (Online Easy Access)

1.20% Zopa (Smart Saver)

1.10% Tandem Bank (Instant Access Saver)

Fixed Rate Bonds

2.05% Investec Bank (1 Year)

2.05% Kent Reliance (1 Year)

2.35% United Trust Bank (2 Years)

2.25% blme (2 Years)

2.50% Oxbury Bank (3 Years)

2.30% blme (3 Years)

2.55% United Trust Bank (4 Years)

2.40% blme (4 Years)

2.60% Oxbury Bank (5 Years)

2.50% blme (5 Years)

Cash ISAs (Tax Free Savings)

1.05% Cynergy Bank (Easy Access)

1.00% Marcus (Easy Access)

1.46% Aldermore Bank (1 Year Fixed ISA)

1.42% OakNorth (1 Year Fixed ISA)

 

Deposits with the above providers are protected up to a total of £85,000 by the Financial Services Compensation Scheme (FSCS), the UK’s deposit protection scheme

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