National Counties BS tops internet-based savings rates

Published by Sylvia Morris on 27 January 2015.
Last updated on 27 January 2015

Pound coins

The small National Counties Building Society has raised the rate on its Online Saver to 1.41% before tax (1.13% after tax) from 1.17% (0.94%).

The increase places it as the best deal on internet-based accounts, ahead of the 1.4% (1.12%) paid by ICICI Bank Hisave Supersaver.

Post Office also pays 1.4% (1.12%), but the rate includes a bonus so it drops to 0.65% (0.52%) after a year.

On fixed-rate deals the top rates include National Counties at 1.76% (1.41% ), along with Aldermore, Harrods and Shawbrook banks all at 1.75% (1.4%) for a year.

GE Capital pays 1.92% (1.54%) and Harrods Bank 1.95% (1.56%) for 18 months, while the best deal if you are willing to tie your money up for two years is 2.25% (1.8%) with Harrods Bank.

Find the best Cash Isa or savings account for you

Cash Isas

On tax-free cash Isas the top easy-access account rate is 1.5% with Post Office Premier Isa - including an 18-month bonus - and National Savings & Investments.

You cannot transfer your existing cash Isas into the National Savings Account. Barclays pays 1.49%, but only on balances of £30,000 or more.

On fixed-rate cash Isas Virgin pays 1.7% fixed for one year, while at Post Office you can earn 1.95% for two years.

This article was written for our sister website Money Observer

More About

Leave a comment