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The savings charts remain volatile this week, with new rates constantly being introduced and withdrawn. Overall, many of last week’s top rates remain available with the top rate in the two year chart improving week-on-week, but demonstrating how volatile the savings charts are at the moment, the top rate in the one year fixed bond charts has fallen.
Savers should be aware that the accounts highlighted below are the top-paying accounts available to new customers and higher rates may be available to existing customers only. Savers can compare the best savings rates available to existing customers by visiting our savings charts and selecting these accounts in the refine search section.
The top rate in our fixed rate bond savings chart this week came from Gatehouse Bank, with the five-year version of its Fixed Term Green Saver paying an expected profit rate of 1.40% gross on anniversary. Gatehouse Bank also topped the three year fixed rate bond chart this week with the three-year version of this account paying an expected profit rate of 1.10% gross on anniversary. Both accounts require a £1,000 minimum deposit to open. These accounts have the benefit of Gatehouse Bank planting a tree in a UK woodland project certified by the UK Government’s Woodland Carbon Code when an account is opened and funded. They must be opened and managed online.
| UPDATED: 22:26, Wed, Mar 10, 2021
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Interest rates have been impacted by the Bank of England’s decision in March 2020 to reduce its base rate to 0.1 percent, which had a knock-on effect for familiar providers. As a result, it has been difficult for savers to secure a satisfactory rate to help grow their funds. However, for those who are still looking to put money away - looking for the best interest rates in the UK will be important.
Topping the notice account chart this week was ICICI Bank UK with its Raisin UK – 95 Day Notice Account and its Notice Savings Account both paying 0.85% gross monthly. Savers should be aware that the rate on the Raisin UK account will be reduced on the 8 March 2021 to 0.55% and the rate on the Notice Savings Account will be reduced on the 15 March 2021 to 0.55%. The Raisin UK – 95 Day Notice Account requires a £1,000 minimum deposit to open and comes with the incentive of Raisin UK offering a bonus or Amazon gift card of up to £15 when a first savings account is opened via its website (terms and conditions apply). This account does not allow further additions. Withdrawal of the full account balance only is permitted subject to 95 days’ notice and account closure. It must be opened online but can then be managed online, by post and by phone. ICICI Bank UK’s Notice Savings Account requires a £1 minimum deposit to open, as well as a Home Vantage Current Account. It allows
A rate reduction saw PCF Bank top the fixed rate bond chart this week, with its 7 Year Term Deposit Issue 15 paying 1.45% gross on anniversary. This account requires a £1,000 minimum deposit to open. It must be opened online but can then be managed online and by phone.
Topping five and three year fixed rate bond charts this week was Gatehouse Bank. It pays an expected profit rate of 1.40% gross on anniversary on the five-year version of its Fixed Term Green Saver, while the three-year version pays an expected profit rate of 1.10% gross on anniversary. Both options require a minimum deposit of £1,000 to open. These accounts have the incentive of Gatehouse Bank planting a tree in a UK woodland project certified by the UK Government’s Woodland Carbon Code when an account is opened and funded. They must be opened and managed online.