Best savings rates this week

Last updated: Jan 23rd, 2015
Feature by Moneywise editorial team

In this article, Moneywise reviews regular, children's savings, fixed-rate and instant-access accounts with the best savings rates currently on the market.

If you haven't used your cash ISA allowance this tax year, then getting an ISA should be your first port of call, check our round-up of the best cash isa rates.

Find the best Cash ISA or savings account for you


If you're looking for an account where you can access your money quickly, then a no-notice deal is a good idea.

Just remember, the interest rate on these accounts is variable so it could decrease down the line.

Also, watch out for sneaky terms and conditions - not all instant access accounts offer unlimited withdrawals, so shop carefully. 

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If you want to make withdrawals but are happy to give your bank or building society notice before you do, then you could get a better rate with a notice account, although recently rates have been disappointing.

  • Shawbrook Bank 120 Day Notice Personal Savings Account (Issue 12) pays a rate of 1.85% AER. Minimum investment for the saver is £1,000 and it can be accessed online, by post, in branch or over the phone.
  • Julian Hodge Bank 90 Day Notice Deposit offers savers 1.7% AER. The account can be accessed in branch or by post. Minimum deposit is £10,000.
  • GE 100 Day Notice (Issue 4) pays 1.55% AER. The account can be opened with £500 and the saver can be accessed online only.


Fixed-rate savings accounts are normally aimed at people with a lump sum that they wish to lock away for a pre-agreed period of time.

Interest is fixed so your return is guaranteed. However, bear in mind that withdrawals and further deposits are rarely allowed.


One year/18 months:

Two year:


Three year:

  • NS&I 65+ Guaranteed Growth Bond pays 4% AER on balances of £500. The account is managed online, by post or over the phone. Interest is paid on anniversary.
  • Secure Trust Fixed-Rate Bond (Issue 10) pays a rate of 2.51% AER on a minimum investment of £1,000. Interest is paid on anniversary and the saver can be managed online only.
  • State Bank of India Fixed Deposit with a three-year term pays 2.5% AER on balances of £10,000. The account is accessible in branch or by post. Interest is paid on anniversary.



The current economic backdrop has not only highlighted the importance of saving, but means more people would like to do it little and often.

  • HSBC Regular Saver Account pays 4% AER on deposits between £25 and £250 a month. The rate is fixed for 12 months, and you must hold a qualifying account with HSBC to apply. No withdrawals can be made and it can be operated via the telephone, online or in branch.
  • Kent Reliance Regular Savings pays offers a rate of 4% AER on its one-year regular savings account, which is operated in branch. Savers must deposit between £25 and £500 a month. Interest is paid on maturity.
  • The Nottingham BS Regular Saver pays 3.1% AER on minimum deposits of £10. The rate is fixed for 12 months and the saver can be operated in branch only.


  • Halifax Kid's Regular Saver offers a market-leading 6% AER 12 month bond. You can deposit between £10 and £100 in the account each month.
  • Lloyds TSB Young Saver account bond pays a fixed headline rate of 3% AER on investments of £1. The bond can be managed in branch only.
  • Chorley and District BS's Foxley Fund offers a rate of 2.9% AER on minimum deposits of just £1. The saver can be accessed in branch or by post and interest is paid annually. 

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