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
| Easy access | Fixed rates | Cash Isas | Savings platforms | Monthly income |
| Phone / postal | Junior Isas / children's | Offshore | National Savings | Premium Bonds |
| Type of account (min investment) | 0% tax | 20% tax | 40% tax |
|---|---|---|---|
| Kent Reliance Easy Access 73 (£1,000+) | 4.17 | 3.34 | 2.5 |
| Newbury BS Senior Saver (£500+) (6) | 3.8 | 3.04 | 2.28 |
| Skipton BS Easy Access Saver 4 (£1+) | 3.49 | 2.79 | 2.09 |
| Coventry BS Easy Access Saver 7 (£1+) | 2.85 | 2.28 | 1.71 |
| Type of account (min investment) | 0% tax | 20% tax | 40% tax |
|---|---|---|---|
| Secure Trust Access 15 (£1+) | 4.79 | 3.83 | 2.87 |
| Ford Money Flexible Saver (£1+) | 4.65 | 3.72 | 2.79 |
| Paragon Bank Double Access 9 (£1,000+)(3) | 4.65 | 3.72 | 2.79 |
| Aldermore Bank Double Access 2 (£1,000+) (3) | 4.64 | 3.71 | 2.78 |
| Investec Online Flexi Saver (£5,000+) | 4.60 | 3.68 | 2.76 |
| Wealthify Instant Access Savings (£1+) | 4.55 | 3.64 | 2.73 |
| RCI Freedom Account (£100) | 4.51 | 3.61 | 2.71 |
| Shawbrook Bank Easy Access 39 (£1,000+) | 4.36 | 3.49 | 2.62 |
| Charter Savings Bank Easy Acces 52 (£5,000+) | 4.22 | 3.38 | 2.53 |
| Marcus by Goldman Sachs (£1+) (1) | 4.22 | 3.38 | 2.53 |
| Saga Easy Access Savings (£1+) (1) | 4.22 | 3.38 | 2.53 |
| Aldermore Bank Easy Access (£1,000+) | 4.21 | 3.37 | 2.53 |
| Zopa Bank Smart Saver (£1+) | 4.21 | 3.37 | 2.53 |
| Kent Reliance Easy Access 73 (£1,000+) | 4.17 | 3.34 | 2.5 |
| Saffron BS E Saver 21 (£10+) | 4.17 | 3.34 | 2.5 |
| Virgin Money Defined Access E-Saver 26 (£1+)(4) | 4.17 | 3.34 | 2.5 |
| Saffron BS Enviro Saver 2 (£10+) | 4.12 | 3.3 | 2.7 |
| NS&I Income Bonds (£500+) | 3.93 | 3.14 | 2.36 |
| Paragon Bank Triple Access Savings 15 (£1+) (4) | 3.93 | 3.14 | 2.36 |
| Newbury BS Senior Saver (£500+) (6) | 3.8 | 3.04 | 2.28 |
| Type of account (min investment) | 0% tax | 20% tax | 40% tax |
|---|---|---|---|
| Newbury BS Senior Saver (£500+) (6) | 4.05 | 3.24 | 2.23 |
| NS&I Income Bonds (£500+) | 3.93 | 3.14 | 2.36 |
| Skipton BS Easy Access Saver 4 (£1+) | 3.49 | 2.79 | 2.09 |
| (1) Includes a 0.34 percentage point bonus payable for the first 12 months | |||
| (2) Available through banking app only | |||
| (3) You are limited to two withdrawals from your capital a year | |||
| (4) You are limited to three withdrawals from your capital a year | |||
| (5) You are limited to six free withdrawals a year | |||
| (6) Available to those age 55 or over only | |||
| (7) You are limited to four withdrawals from your capital a year |
| Type of account (min investment) | 0% tax | 20% tax | 40% tax | ||
|---|---|---|---|---|---|
| ONE YEAR | |||||
| Atom Bank (£50+) | 4.89 | 3.91 | 2.93 | ||
| Ford Money (£500+) | 4.75 | 3.8 | 2.85 | ||
| Zopa Bank (£1,000+) | 4.64 | 3.71 | 2.78 | ||
| Hodge Bank | 4.6 | 3.68 | 2.76 | ||
| Charter Savings Bank (£5,000+) | 4.46 | 3.57 | 2.68 | ||
| Shawbrook Bank (£1,000+) | 4.42 | 3.54 | 2.65 | ||
| 18 MONTHS | |||||
| Newcastle BS (£1+) | 4.31 | 3.45 | 2.59 | ||
| Shawbrook Bank (£1,000+) | 4.2 | 3.36 | 2.52 | ||
| Aldermore Bank (£1,000+) | 4.02 | 3.22 | 2.41 | ||
| TWO YEARS | |||||
| RCI Bank (£1,000+) | 4.6 | 3.68 | 2.76 | ||
| Hodge Bank (£1,000+) | 4.59 | 3.67 | 2.75 | ||
| National Savings & Investments (£500+) | 4.5 | 3.6 | 2.7 | ||
| Ford Money (£500+) | 4.46 | 3.57 | 2.68 | ||
| THREE YEARS | |||||
| Hodge Bank (£1,000+) | 4.41 | 3.53 | 2.65 | ||
| Atom Bank (£50+) | 4.31 | 3.45 | 2.59 | ||
| RCI Bank (£1,000+) | 4.31 | 3.45 | 2.59 | ||
| Zopa Bank (£1,000+) | 4.31 | 3.45 | 2.59 | ||
| FIVE YEARS | |||||
| Hodge Bank (£1,000+) | 4.24 | 3.39 | 2.54 | ||
| Shawbrook Bank (£1,000+) | 4.13 | 3.3 | 2.48 | ||
| Atom Bank (£50+) | 4.07 | 3.26 | 2.44 | ||
| Zopa Bank (£1,000+) | 4.02 | 3.22 | 2.41 | ||
| (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.
| Type of Account (min investment) | ||
|---|---|---|
| Chip* (£1) | 4.85 | |
| Paragon Double Access Isa 5 (£1,000+) (2) | 4.6 | |
| Zopa Bank (£1+) | 4.69 | |
| Ford Money (£1+) | 4.31 | |
| Marcus by Goldman Sachs Cash Isa (£1+) (1) | 4.3 | |
| Saga Cash Isa (£1) (1) | 4.3 | |
| Charter Savings Bank Easy Access Isa 49 (£5,000+) | 4.22 | |
| Kent Reliance Easy Access Isa 52 (£1,000+) | 4.17 | |
| Paragon Bank Triple Access Cash Isa 13 (5) | 4.17 | |
| Shawbrook Bank Easy Access Cash Isa 28 (£1,000+) | 4.17 | |
| Virgin Money Defined Access E-Isa 30 (£1+)(5) | 4.17 | |
| Newbury BS Senior Monthly Cash Isa (£50+) | 3.8 | |
| Skipton BS Cash Isa Saver 19 (£1+) | 3.49 | |
| Coventry BS Easy Access Online 5 (£1+) | 3.11 | |
| Coventry BS Easy Access Isa 11 (£1+) | 2.18 | |
| FIXED-RATE ACCOUNTS | ||
| ONE YEAR | ||
| Charter Savings Bank (£5,000+) | 4.52 | |
| Kent Reliance (£1,000+) | 4.51 | |
| Zopa Bank (£1+) | 4.5 | |
| Ford Money (£500+) | 4.41 | |
| Paragon Bank (£500+) | 4.41 | |
| Virgin Money (£1+) | 4.41 | |
| Hodge Bank | 4.4 | |
| TWO YEARS | ||
| Zopa Bank (£1+) | 4.31 | |
| Hodge Bank | 4.27 | |
| Ford Money (£500+) | 4.22 | |
| THREE YEARS | ||
| Principality BS (£500+) | 3.93 | |
| Zopa Bank (£1+) | 3.93 | |
| Hodge Bank (£1,000+) | 3.82 | |
| FIVE YEARS | ||
| Zopa Bank (£1+) | 3.83 | |
| Principality BS (£500+) | 3.65 | |
| Paragon Bank (£500+) | 3.59 | |
| Shawbrook Bank (£1,000+) | 3.55 | |
| (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 | ||
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
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 £85,000) 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 [email protected] and [email protected]
Sylvia Morris
This is Money savings tables expert
| Easy access | Fixed rates | Cash Isas | Savings platforms | Monthly income |
| Phone / postal | Junior Isas / children's | Offshore | National Savings | Premium Bonds |
THIS IS MONEY'S FIVE OF THE BEST SAVINGS DEALS
Chip* pays 4.84% to holders of its ‘instant access account’. The account can be opened with just £1. Its app only. Money will be held by the UK authorised bank ClearBank.
Charter Savings Bank pays 5.08% to holders of its ‘easy-access savings account’. The account can be opened with £1,000.
MBNA pays a rate of 5.27% on its one-year fixed rate savings account. This deal must be opened online on MBNA’s website and then managed by phone. The minimum deposit is £1,000.
Raisin UK* is home to a 5.05% one-year fixed rate savings account. It is offered by one of its partner banks Paragon Bank. You can open the account online via Raisin’s savings platform with a minimum deposit of £1,000.
Hampshire Trust Bank pays 5% to holders of its ‘two-year fixed rate deal’. The account can be opened online with a minimum deposit of £1.
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