The best savings rates – February 2013

 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