Compare Best Savings Accounts & Rates
- Compare savings accounts from UK Banks & Building Societies
- Sort by interest rate and compare features
- Apply to open an account online
| The AA Easy Access ISA |  |
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| AER Interest Rate: 1.16% (variable) |
Notice Period: Instant |
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| Minimum opening deposit of £500. Rate includes a fixed bonus of 0.96% tax-free for 12 months from account opening. Interest calculated daily and paid to you in March. |
Apply Online | |
Savings Accounts
With interest rates at historical lows in the UK, the amount of money you can earn from your savings is minimal. Therefore, it pays to at least shop around to find an account that not only pays you interest but offers other features and benefits.
Here are the main factors you should take into consideration when looking to compare savings accounts.
AER Interest Rate
The Annual Equivalent Rate (AER) is a percentage figure used to help you compare savings accounts and is based on the assumption that you keep your savings in the same account for 12 months.
The AER is designed to give you a more accurate picture when comparing interest rates side-by-side. It is used as an alternative to the Gross rate, which is basically a flat annual interest rate.
Unlike the gross rate, the AER rate factors in the interest you earn each month i.e. the compound interest. This is because if your savings account earns monthly interest, then the following month you will earn interest on your savings plus the interest that was previously accrued. If your savings account only pays interest annually, then the AER and Gross rate should effectively be the same.
Both the AER and Gross rates show the interest earned before any possible tax deductions.
Account Management
Another major factor to consider when comparing savings accounts is how you get access to your money and manage your account.
Many banks and building societies offer multiple ways of managing your account including:
- Online Banking via the bank’s own website
- Mobile Banking including access via the provider’s own app
- Telephone Banking using a pin code
- Branch Services – in person at a local branch of the bank
However, some accounts may restrict some of these methods such as only allowing you to withdraw over the telephone or in person at a bank branch. In particular children's savings accounts may have certain restrictions.
Access to your savings
Most accounts will generally have the flexibility of allowing you to access and withdraw your savings at any time. However, some accounts, particularly fixed interest ones that pay higher rates, may only allow you limited access a couple of times a year or may penalise you for withdrawing your money.
You should also be aware of having to give notice on withdrawing your money. Although most savings accounts don’t have this rule, some higher interest paying ones or fixed interest accounts may require you to let them know some time beforehand e.g. 30 days, 60 days etc., that you intend to withdraw your money.
Minimum Opening Deposit
Whilst the majority of savings accounts can be opened with a deposit as little as £1, some may require higher amounts.
For example, some regular savings accounts where you need to save a minimum amount each month, usually require you to deposit that minimum amount when opening the account.
Fixed term savings accounts that often pay higher interest rates, will also require you to deposit a minimum deposit higher than £1.
Exclusive to members
Some savings account options will require you to have a normal current account with that bank or building society provider. In return you may get a higher interest rate on your savings, an additional bonus rate or some premium features.
By having a current account with the same provider as your savings account, you can easily transfer between the two.
| Bank Account | AER Interest Rate | Min. Opening Deposit | Features | ||
 | HSBC Online Bonus Saver Bonus interest in any month you don't make a withdrawal. | 0.45% (variable rate) | £1 |
| Apply |
| HSBC Flexible Saver Save for a wedding, holiday or rainy day. | 0.05% to 0.10% (variable rate) | £1 |
| Apply |
| HSBC Premier Savings Only available to HSBC Premier customers. | 0.10% (variable rate) | £1 |
| Apply |
| HSBC Fixed Rate Saver Choose to save for a fixed term of 3 months to 3 years. | 0.30% to 0.70% | £2,000 |
| Apply |
| HSBC Regular Saver Save up to £3,000 at a fixed rate of interest for 12 months. | 3.00% to 5.00% | £25 |
| Apply |
 | Barclays Everyday Saver Save whenever you want, for as long as you want with instant access. | 0.20% to 0.25% (variable rate) | £1 |
| Apply |
 | RBS Instant Saver Free instant access savings account. | 0.10% to 0.25% (variable rate) | £1 |
| Apply |
| RBS Fixed Term Savings Free fixed interest rate account for balance from £500 | 1.00% to 1.25% | £500 |
| Apply |
 | Lloyds Bank Club Lloyds Saver A variable interest account for Club Lloyds customers with instant access to your money. | 0.35% (variable rate) | £1 |
| Apply |
| Lloyds Bank Club Lloyds Monthly Saver A monthly savings account for Club Lloyds customers, with instant access to your money. | 3.00% (variable rate) | £25 |
| Apply |
| Lloyds Bank Easy Saver A variable interest account with instant access to your money. | 0.20% (variable rate) | £1 |
| Apply |
| Lloyds Bank Monthly Saver Earn fixed interest for one year, with instant access to your money. | 2.50% | £25 |
| Apply |
 | Santander Regular eSaver Online regular savings funded from your Santander current account. | 3.00% to 5.00% | £200 |
| Apply |
| Santander eSaver An online savings account with instant, penalty-free access. | 0.15% to 0.25% (variable rate) | £1 |
| Apply |
| Santander Everyday Saver A straightforward savings account with instant, flexible access. | 0.25% (variable rate) | £1 |
| Apply |
 | Nationwide Flex Regular Online Saver Exclusively for members with a main current account. | 5.00% (variable rate) | £250 |
| Apply |
| Nationwide Limited Access Saver Offering you the flexibility to make up to five withdrawals in 12 months without your interest rate dropping. | 0.75% (variable rate) | £1 |
| Apply |
| Nationwide Flex Online Saver Exclusively for members with a main current account. | 0.50% (variable rate) | £1 |
| Apply |
| Nationwide Instant Access Saver The convenience of accessing your money whenever you need it, with no change to your interest rate. | 0.10% (variable rate) | £1 |
| Apply |
 | Halifax Everyday Saver A variable interest account with easy access to your money. | 0.20% (variable rate) | £1 |
| Apply |
| Halifax Fixed Saver A fixed interest rate account for savers who are happy to put their money away for 2 years. | 0.55% | £500 |
| Apply |
| Halifax Regular Saver Watch your savings grow and earn fixed interest for one year. | 2.50% | £25 |
| Apply |
 | Post Office Instant Saver Savings account with a cash card | 0.75% (variable rate) | £100 |
| Apply |
| Post Office Online Saver Manage your account online without having to telephone or visit a branch. | 1.15% (variable rate) | £1 |
| Apply |
| Post Office Reward Saver Ideal if you have got a lump sum to put away for a rainy day and want to add to it later. | 0.75% (variable rate) | £100 |
| Apply |
 | B Instant Savings Account Set up savings targets and saving pots within your B app. | 0.75% (variable rate) | £1 |
| Apply |
 | Yorkshire Bank Signature Savings Account Your Signature Savings Account gives you access to your money through your linked Signature Current Account. | 0.10% to 0.50% (variable rate) | £1 |
| Apply |
| Yorkshire Bank Instant Savings Account The flexible instant savings account. | 0.10% to 0.25% (variable rate) | £1 |
| Apply |
| Yorkshire Bank 40 Day Notice Account Access to your savings with 40 days' notice. | 0.60% to 0.90% (variable rate) | £500 |
| Apply |
| AA Easy Saver A new online savings account from The AA includes a fixed bonus rate. | 1.15% (variable rate) | £100 |
| Apply |
| AA Member Saver A variable rate savings account exclusively available to AA Members. | 1.30% (variable rate) | £100 |
| Apply |
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