August 2019: what are the best savings account rates?

With interest rates slowly back on the rise, we examine the best savings accounts and Isa accounts on offer in 2019.

Rates on fixed-rate bonds for new savers are falling. While at the start of the year there were plenty of providers offering 2% fixed interest for one year, now there is just one: Atom Bank.

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The next best rate is 1.96% from OakNorth Bank, followed by newcomer SmartSave at 1.95%.  Even if you tie up your money for two years, the best rate that you can achieve is 2.1% either directly from OakNorth or from Zenith Bank via the savings platform run by Raisin UK. Charter Savings Bank pays 2.05% fixed for 18 months.

On taxable accounts, the Marcus account by Goldman Sachs and Virgin Money both pay 1.5%. The Marcus account includes a bonus of 0.15 percentage points for the first 12 months, while Virgin Money restricts you to making two withdrawals a year.

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The top rate with no bonus or withdrawal restrictions comes from Shawbrook Bank at 1.48%, followed by Ford Money at 1.42%.

On tax-free cash Isas, rates are slightly lower. The top easy-access account from Charter Savings Bank pays 1.44%, followed by Shawbrook Bank at 1.43%. A new account from Virgin Money pays 1.46% but restricts you to two withdrawals a year. 

The best one-year fixed cash Isa rate is 1.61%, which is available through Cynergy Bank, while OakNorth, and Charter Savings Bank both pay 1.6 per cent. For two years, OakNorth pays 1.77%, and Charter Savings Bank 1.76%.


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I've just come across your website and was pleasantly surprised at the straight forward, no frills, information provided with regard to easy access savings accounts. Well done and thank you.


Really helpful and quick to access the information I was seeking. Thank you

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