With interest rates slowly back on the rise, here are some of the best savings and Cash Isa accounts on offer in June 2018.
Post Office has raised the rate on its Easy-Access Internet Saver to a market-leading 1.33% for new savers. But the rate includes a 12-month bonus, after which your rate tumbles to 0.25%.
Other top rates include the Coventry Building Society Limited Access Saver at 1.3% with a 0.3% bonus for a year. With this account you can only make three withdrawals a year if you want to earn this rate. If you make any more, you face a fee equivalent to 50 days’ interest.
If you are willing to tie your money up for two years, the best you can do is 2.16% with Secure Trust Bank.
The top rate for two years is 1.7% from Shawbrook Bank, followed by 1.69% from Charter Savings Bank.
Savings accounts to beat inflation
Moneywise has found there are 15 savings accounts that currently beat inflation, as well as five regular savings accounts and two current accounts.
This article was first written for our sister magazine Money Observer.