Savers willing to tie their money up for one or two years can earn top deals with smaller banks.
Shawbrook has raised the rate on its one-year fixed-rate bond to 1.95% before tax (1.56% after tax) while it pays 2.05% (1.64%) for 18 months. The top two-year rate, from Close Brothers, stands at 2.4% (1.92%), followed by Shawbrook Bank at 2.3% (1.84%).
On other taxable accounts, the top easy-access rate is 1.5% (1.2%) from Britannia, part of the Co-op Bank. Coventry and Yorkshire building societies pay 1.4%. All three accounts limit the number of withdrawals you can make every year.
Leeds and Newcastle building societies, along with Virgin Money, all pay 1.25% (1%) with no withdrawal restrictions.
On tax-free cash Isas, Santander has cut the rate it pays on its Direct Isa Saver to new customers to 1.2%, down from 1.6%. But for its 123 current account customers the rate has risen to 1.7%.
The best easy-access cash Isa rate comes from BM Savings, part of Halifax, at 1.65% on £20,000 or more, including a bonus for the first year. For smaller amounts the best deals come from Dunfermline, Cheshire and Derbyshire building societies, all part of Nationwide, at 1.6%.
On fixed-rate deals Halifax continues to offer 2% for 18 months with Halifax or 2.05% for two years.
This article was written for our sister website Money Observer