Compare Savings Accounts & Interest Rates

  • Compare savings accounts from UK Banks & Building Societies
  • Sort by interest rate and compare features
  • Apply to open an account online
Ford Money Fixed Saver 1 Year Ford Money
AER Interest Rate:
2.00%
(fixed)
Minimum Deposit:
£500
Minimum deposit £500, maximum balance £2,000,000. 14 day cooling off period: after this, your money is locked away for the term

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Savings AccountAER Interest RateMin. Opening DepositFeatures
AA Easy Saver

A new online savings account from The AA includes a fixed bonus rate.
1.36%
(variable rate)
£100

  • Manage your savings online 24/7

  • Free withdrawals with no penalties or notice periods

  • Interest paid annually on anniversary of account opening

  • Quick and easy online application

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AA Member Saver

A variable rate savings account exclusively available to AA Members.
1.37%
(variable rate)
£100

  • Rewards your loyalty with an exclusive account available to AA members only

  • Manage your savings online 24/7

  • Free withdrawals with no penalties or notice periods

  • Interest paid annually on anniversary of account opening

  • Quick and easy online application

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Aldermore Easy Access Account

Our Easy Access Account makes things as easy as possible.
1.25%
(variable rate)
£1,000

  • Fast and easy setup - move your money in minutes

  • Flexible - add to your savings whenever you like

  • Unlimited withdrawals

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Aldermore 30 Day Notice Account

Add to your savings whenever you like and have the flexibility of being able to access your money if you need it in the future.
1.30%
(variable rate)
£1,000

  • Fast and easy setup - move your money in minutes

  • Flexible - add to your savings whenever you like

  • Unlimited withdrawals - just need to give notice period

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B Instant Savings Account

Set up savings targets and saving pots within your B app.
1.00%
(variable rate)
£1

  • Interest paid quarterly

  • Savings pots can help you reach goals more easily

  • Move money from savings to current account with the B App

Barclays Everyday Saver

Save whenever you want, for as long as you want with instant access.
0.25% to 0.30%
(variable rate)
£1

  • Instant access to your money - online, telephone or branch

  • Optional ATM card to withdraw up to £300 per day

  • Offset savings account against your mortgage

  • Have more than one Everyday Saver account in sole or joint names

Ford Money Fixed Saver 1 Year

Enjoy a fixed rate of interest for locking a lump sum of money away for a set term.
2.00%£500

  • Unlimited deposits in the first 14 days of us receiving your application

  • Our Best Rate Guarantee

  • £500 to £2 million

  • Open an account singly or jointly

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Ford Money Fixed Saver 2 Year

Enjoy a fixed rate of interest for locking a lump sum of money away for a set term.
2.22%£500

  • Unlimited deposits in the first 14 days of us receiving your application

  • Our Best Rate Guarantee

  • £500 to £2 million

  • Open an account singly or jointly

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Ford Money Flexible Saver

Enjoy easy access to your money with flexible pay-ins and unlimited withdrawals, free of charge.
1.42%
(variable rate)
£1

  • Make deposits and withdrawals whenever you want

  • Our Best Rate Guarantee

  • £1 to £2 million

  • Open an account singly or jointly

See Deal
Gatehouse Bank 95 Day Notice Account

A 95 Day Notice Account, operated under Shariah principles.
1.85%
(variable rate)
£1,000

  • Operated under Shariah principles

  • Interest cannot be earned, only profit

  • Unlimited withdrawals subject to 95 days’ notice

  • Maximum balance for this account is £1,000,000

See Deal
Halifax Fixed Saver

A fixed interest rate account for savers who are happy to put their money away for 2 years.
0.70%£500

  • Fixed interest rate gives peace of mind

  • Interest paid monthly or annually

  • Qualifying account for Halifax Savers Prize Draw

  • No withdrawals buy you can close account early with fees

Halifax Everyday Saver

A variable interest account with easy access to your money.
0.20%
(variable rate)
£1

  • Make unlimited deposits

  • Interest paid annually

  • Qualifying account for Halifax Savers Prize Draw

HSBC Flexible Saver

Save for a wedding, holiday or rainy day.
0.15% to 0.20%
(variable rate)
£1

  • Instant access with no charge

  • Open as many Flexible Saver accounts as you want

  • Advance customers are eligible for preferential rates

HSBC Premier Savings

Only available to HSBC Premier customers.
0.20%
(variable rate)
£1

  • Instant access with no charge

  • Transfer funds in real time to or from your HSBC Premier current account

  • Telephone & Internet banking 24/7

HSBC Fixed Rate Saver

Choose to save for a fixed term of 3 months to 3 years.
0.45% to 0.85%£2,000

  • Deposit between £2,000 and £1,000,000

  • For deposits of £50,000 or more, no early withdrawals

  • For balances below £50,000, early withdrawal in full is possible subject to a fee

  • Only available to HSBC current account customers

HSBC Online Bonus Saver

Bonus interest in any month you don't make a withdrawal.
0.55%
(variable rate)
£1

  • Instant access with no charge

  • Manage your account online

Lloyds Bank Easy Saver

A variable interest account with instant access to your money.
0.20%
(variable rate)
£1

  • Make unlimited deposits

  • Online, branch and phone

  • Interest paid annually

Lloyds Bank Club Lloyds Saver

A variable interest account for Club Lloyds customers with instant access to your money.
0.60%
(variable rate)
£1

  • Instant access

  • Internet Access & PhoneBank

  • Make unlimited deposits

  • Interest paid monthly or annually

Nationwide Instant Access Saver

The convenience of accessing your money whenever you need it, with no change to your interest rate.
0.10% to 0.25%
(variable rate)
£1

  • An everyday, no frills savings account

  • Instant access

  • Open and manage online or in branch

Nationwide Flex Online Saver

Exclusively for members with a main current account.
0.60%
(variable rate)
£1

  • Instant access

  • Open and manage online

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

  • Instant access - up to 5 withdrawals in an account year

  • Further withdrawals are allowed at a lower interest rate

  • Open and manage online or in branch

RBS Instant Saver

Free instant access savings account.
0.20% to 0.35%
(variable rate)
£1

  • Awarded the 5 star Fairbanking mark

  • Instant access online, telephone & branch

  • Free Savings Goal Tool

RBS Fixed Term Savings

Free fixed interest rate account for balance from £500
0.80% to 1.10%£500

  • Choose 1 or 2 year term

  • Access online, telephone & branch

  • Deposit or withdraw funds until business day before Fixed Term Start Date

Santander Everyday Saver

A straightforward savings account with instant, flexible access.
0.35%
(variable rate)
£1

  • Save from £1 up to £2 million

  • Unlimited deposits and withdrawals

  • Manage through online or mobile banking

Santander eSaver

An online savings account with instant, penalty-free access.
0.40% to 0.50%
(variable rate)
£1

  • Save from £1 up to £2 million

  • Unlimited deposits and withdrawals

  • Manage through online or mobile banking

Yorkshire Bank Instant Savings Account

The flexible instant savings account.
0.20% to 0.30%
(variable rate)
£1

  • Interest paid quarterly

  • Debit Mastercard online only non-contactless card

  • Online, phone or branch access

  • Tiered interest rates

Yorkshire Bank Signature Savings Account

Your Signature Savings Account gives you access to your money through your linked Signature Current Account.
0.30% to 0.60%
(variable rate)
£1

  • Must have Signature Current Account

  • Interest paid quarterly

  • Suitable for regular savings

  • Telephone, internet & mobile access

  • Offset mortgage facility

Yorkshire Bank 40 Day Notice Account

Access to your savings with 40 days' notice.
0.65% to 1.05%
(variable rate)
£500

  • Suitable for regular savings

  • Interest earned quarterly

  • 40 days notice to withdraw funds

Compare Savings Accounts

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.

PocketRate provide comparison services at no cost to the customer. PocketRate may receive a commission fee from the companies listed.