Newcomer banks top savings tables

15 June 2015
New banks are dominating the best buy tables on both easy-access accounts and fixed-rate bonds. Charter Savings Bank pays a top 1.91% before tax (1.53% after tax) for one year, while Aldermore and United Trust banks both pay 1.9% (1.52%). The best deal on the high street is Post Office, where the deposit taker is Bank of Ireland, at 1.65% (1.32%), and Leeds Building Society at 1.55% (1.24%). For two years you can earn 2.15% (1.72%) with FirstSave, or 2.1% (1.68%) with both Kent Reliance and Hampshire Trust, while in the high street Post Office pays 1.95% (1.56%) and the Leeds 1.8% (1.44%).Find the best cash Isa or savings account for you Easy-access accountsOn easy access accounts the new French-owned RCI Bank Freedom Account pays 1.5% (1.2%), while the top rate from older providers is 1.25% (1%) with Leeds' ESaver or Skipton Building Society's Limited Edition eSaver. BM Savings, part of Halifax, pays 1.5% (1.2%) but the rate is boosted by a one-year bonus. After this the rate drops to 0.5%. On tax-free cash Isas Shawbrook Bank pays a top 1.65% for one year and Kent Reliance 1.85% for two years. But on easy-access cash Isas older names pay the top rates. These include 1.5% from National Savings & Investments or 1.4% from Nationwide. Barclays pays 1.49% on deposits of £30,000 or more. This article was written for our sister website Money Observer

Add new comment