If you are looking to put your cash on deposit it is important that you seek out the best rates available. Although rates generally are low at present even obtaining the slightest improvement in the rate of interest you receive is well worth the effort.
To start off with ensure you are making full use of your annual cash ISA allowance (currently £5,640).
Best Cash ISA rates
Cash ISA variable rate
Coventry Building Society 60 Day Notice ISA (3)
- 2.80% (AER) - incl 0.60% bonus for first 12 months
- Min. deposit £1
- 60 days notice or loss of interest
- No transfers in accepted
Cash ISA fixed rate
Halifax ISA Saver Fixed - 5 Years
- 2.50% (AER) Fixed - incl 2.50% bonus until 31/10/2013
- Min. deposit £500
- No withdrawals allowed and 365 days loss of interest if closed early.
- transfers in accepted
Instant Access
Post Office Instant Saver
- 2.10% (AER) - incl 2% bonus for first 12 months
- Minimum deposit £500
If you are comfortable with locking your cash in for a period of time, then these are the best rates at the moment.
Fixed Rate Bond - 1 Year Term
Virgin Fixed Rate Bond - Issue 35
- 2.25% (AER)
- Min. deposit £1
- No withdrawals during term
Fixed Rate Bond - 3 Year Term
FirstSave 3 Year Fixed Rate Bond 5th Issue
- 2.95% (AER)
- Min investment £1,000
- No withdrawals during term
Fixed Rate Bond - 5 Year Term
Shawbrook 5 Year Fixed Rate Bond - Issue 4
- 3.10% (AER)
- Min. investment £5,000
- No withdrawals during term
Best account for those who don't want to shop around
The Investec High 5 Issue 2 takes the average of the top 5 best buy savings rates. Rates reviewed weekly.
- current rate 2.27% AER
- Minimum investment £25,000
- 180 days notice to withdraw funds
