Why these are the web's best savings tables: they are completely independent and unique... Accounts with catches are stripped out or shown separately Compiled by savings expert Sylvia Morris (see below) Unlike other web tables, providers do not have to pay to appear. Also: Easy access| Fixed-rates| ISAs| Monthly income| Junior ISAs | 50+
BRANCH-BASED ACCOUNTS - instant access Type of account (min investment) 0% tax 20% tax 40% tax (2) For the over 50s only. (4) You are limited to three withdrawals from your capital each year. (6) You must have a pension paid into this passbook account. Yorkshire BS Triple Access Saver(£100+)(4) 1.64 1.31 0.98 Virgin Direct Easy Saver Issue 6(£1+) 1.54 1.23 0.92 Kent Reliance Banking Services(£100+) 1.49 1.19 0.89 Norwich & Peterborough 50 Plus BS(£5,000+) (2) 1.00 0.80 0.60 Tesco Personal Finance (£10,000+) (1) 1.00 0.80 0.60 Skipton BS My Savings Issue 3(£1+) 0.99 0.79 0.59 Tesco Personal Finance (£1+) (1) 0.74 0.59 0.44
ONLINE ACCOUNTS - instant access Type of account (min investment) 0% tax 20% tax 40% tax (1) For those aged 50 and over only. Rate includes a 1 percentage point bonus payable for a year. (3) Includes 1 percentage point bonus payable for first year. (6) Includes a 0.35 percentage point bonus for the first twelve months. (8) Licensed to Bank of Ireland UK subsidiary - more explained here (9) Includes a 1.48 percentage point bonus paid for the first 12 months Coventry BS Online Saver 5 1.59 1.27 0.95 Kent Reliance Banking Services(£100+) 1.49 1.19 0.89 State Bank of India(£500+) 1.49 1.19 0.89 Yorkshire BS Internet Saver(£1+) 1.39 1.11 0.83 Skipton eSaver Issue 3(£1+) 1.19 0.95 0.71 PHONE & POSTAL ACCOUNTS - easy access Type of account (min investment) 0% tax 20% tax 40% tax (2) Includes a 1.5 percentage point bonus paid for the first year. (5) For those age 50 and over only. Rate includes a bonus paid for the first 12 months after which the rate drops to 0.47 per cent. National Savings Income Bonds(£500+) 1.75 1.40 1.05 Virgin Direct Easy Saver Issue 6(£1+) 1.54 1.23 0.92 Kent Reliance Banking Services(£100+) 1.49 1.19 0.89 Skipton BS My Savings Issue 2(£1+) 1.00 0.80 0.60 --> FIXED-RATE ACCOUNTS Type of account (min investment) 0% tax 20% tax 40% tax (1) Fixed to 1 June 2014 (2) Open to those age 50 and over only (3) Fixed to 31 May 2016 (4) The deposit taker is Bank Ireland (5) Postal account (9) Fixed to 1 June 2018 (10) Fixed to 1 June 2018 ONE YEAR ICICI Bank(£1,000+) 1.93 1.62 1.22 Metro Bank(£500+) 1.83 1.46 1.10 Aldermore Bank(£1,000+) 1.83 1.46 1.10 Leek United BS(£1,000+) 1.79 1.43 1.07 Kent Reliance(£500+) 1.79 1.43 1.07 Sainsbury's Bank(£5,000+) 1.75 1.40 1.05 Virgin Money(£1+)(1) 1.74 1.39 1.04 Saffron BS(£500+) 1.74 1.39 1.04 EIGHTEEN MONTHS - Open an account Metro Bank(£500+) 1.98 1.58 1.19 TWO YEARS - Open an account ICICI Bank (£1,000+) 2.18 1.74 1.31 Tesco Bank (£2,000+) 2.08 1.66 1.25 Kent Reliance(£500+) 1.98 1.58 1.19 Principality BS(£500+) 1.98 1.58 1.19 Sainsbury's Bank(£5,000+) 1.90 1.52 1.14 THREE YEARS- Open an account Saga (£50,000+) 2.52 2.02 1.51 Saga (£50,000+) 2.42 1.94 1.45 ICICI Bank(£1,000+) 2.37 1.90 1.42 Virgin Money(£1+)(9) 2.37 1.90 1.42 Saga (£50,000+) 2.32 1.86 1.39 Halifax(£500+) 2.23 1.78 1.34 Metro Bank (£500+) 2.23 1.78 1.34 Tesco Bank (£2,000+) 2.18 1.74 1.31 Yorkshire BS(£1,000+)(3) 2.18 1.74 1.31 Chelsea BS(£1,000+)(3) 2.18 1.74 1.31 Barnsley BS(£1,000+)(3) 2.18 1.74 1.31 Sainsbury's Bank(£5,000+) 2.10 1.68 1.26 FIVE YEARS - Open an account Virgin Money(£1+)(10) 2.96 2.37 1.78 BM Savings(£50,000+) 2.96 2.37 1.78 BM Savings(£25,000+) 2.76 2.21 1.66 BM Savings(£25,000+) 2.57 2.06 1.54 Sainsbury's Bank (£5,000+) 2.50 2.00 1.50 Principality BS(£500+) 2.40 1.92 1.44 Halifax(£500+) 2.30 1.84 1.38 CASH ISA - easy access - variable rates, tax-free interest Type of Account (min investment) 0% tax 20% tax 40% tax (1) 30 month term.. (3) Includes a 0.85 percentage point bonus for first 12 months. (4) Open to those age 50 and over only. (5) Open to those age 55 and over only (6) Fixed to 30 April 2016 (7) Includes 0.85 percentage point bonus payable for the first 15 months. (9) Includes 0.89 percentage point bonus payable for the first 18 months. NatWest e-isa(£30,000+) 2.23 2.23 2.23 Virgin Cash Isa 2.13 2.13 2.13 NatWest e-Isa(£10,000+) 1.98 1.98 1.98 Newbury BS Senior Monthly (£50+) (5) 1.90 1.90 1.90 NatWest e-Isa(£1+) 1.74 1.74 1.74 Kent Reliance Banking Easy Access 3(£1,000+) 1.69 1.69 1.69 Yorkshire BS Monthly Reward(£10+) 1.65 1.65 1.65 Cheltenham & Gloucester Isa(£1+) (2) 1.49 1.49 1.49 Saga Isa Saver(9) 1.39 1.39 1.39 BM Savings Isa Extra Issue 3(7) 1.34 1.34 1.34 Skipton BS Cash Isa Saver Issue 2(£500+) 1.29 1.29 1.29 Chelsea BS Branch Instant Cash Isa(£10+) 1.24 1.24 1.24 FIXED RATE ACCOUNTS - Open an account ONE YEAR Virgin Money(£1+) 2.18 2.18 2.18 Nationwide(£1+) 2.02 2.02 2.02 Kent Reliance Banking(£1,000+) 1.89 1.89 1.89 TWO YEARS Nationwide(£1+) 2.07 2.07 2.07 Kent Reliance Banking Easy Access 3(£1,000+) 1.69 1.69 1.69 THREE YEARS Virgin Money(£1+) 2.37 2.37 2.37 Chelsea BS(£100+)(6) 2.18 2.18 2.18 Yorkshire BS(£100+)(6) 2.18 2.18 2.18 Barnsley BS(£100+)(6) 2.18 2.18 2.18
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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.
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 your 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).
Sylvia Morris, This is Money savings tables expert
If you have a question about the tables email sy.morris@dailymail.co.uk and editor@thisismoney.co.uk
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