Savings update: where to find the best Christmas rates

Savers can earn a top 1.65 per cent before tax (1.32 per cent after basic rate tax) with the relaunch of the ICICI Bank easy-access HiSave Supersaver account.

The French RCI Bank pays the same rate, while Shawbrook Bank's new Easy Access 2 pays 1.45 per cent (1.16 per cent).

None of the rates are boosted by an initial bonus and there are no restrictions as to the number of withdrawals you can make each month.

On fixed-rate deals the top one-year rate comes from internet bank FirstSave at 2.12 per cent (1.7 per cent).

Meanwhile, on the high street, the new bond from Yorkshire Building Society and its offshoots Chelsea, Barnsley and Norwich & Peterborough pays 1.85 per cent (1.48 per cent).

Cash Isa rates

On cash Isas, the top easy-access deal with no bonus and no withdrawal restrictions comes from Coventry Building Society at 1.5 per cent.

Post Office pays a marginally higher 1.51 per cent, but the rate includes a bonus for the first 12 months after which it drops to 0.65 per cent.

The best fixed-rate cash Isa deals for one year come from AA Savings, where the deposit taker is Bank of Ireland at 1.76 per cent, followed by Tesco Bank at 1.75 per cent.

For two years AA Savings pays 2.01 per cent while Shawbrook Bank and Principality Building Society both offer 2 per cent.

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