With interest rates slowly back on the rise, we examine the best savings accounts and Isa accounts on offer in 2019.
Returns for savers wanting to open a fixed-rate cash Isa are falling, and both Aldermore and Al Rayan cut interest rates last week.
The best one-year rate on offer is now 1.44% via Charter Savings Bank, with Metro Bank, Hampshire Trust Bank, Paragon Bank, Newcastle Building Society, Virgin Money, Yorkshire Bank, Cynergy Bank, and Aldermore all offering 1.4%.
For two years, the new account from Secure Trust Bank pays 1.68%.
In terms of easy-access cash Isas, the Family Building Society’s Market Tracker Isa 2 pays a top rate of 1.34%. The building society pays 0.05 percentage points above the average paid on the 20 best accounts. It reviews the rate every three months, with the next review due this month.
You can earn marginally more through Virgin Money, which pays 1.36%, as long as you are happy to limit withdrawals to two a year. Charter Savings Bank, meanwhile, pays 1.31% with no withdrawal restrictions.
For easy-access ordinary accounts, the Marcus account from Goldman Sachs pays the top rate of 1.45%. The rate includes a 0.1 percentage point bonus for a year after which the rate drops to 1.35%.
Virgin Money also pays 1.45% on its Double Take E-Saver, but restricts you to two withdrawals a year.
The top rate on offer without withdrawal restrictions or a bonus is 1.29% via the Family Building Society’s Market Tracker. The society also pays 1.26% on its online saver account, while both Shawbrook and Aldermore pay 1.25%.
For fixed-rate bonds, the best one-year rate is 1.8% via Metro Bank, followed by 1.76% from the United Trust Bank. Secure Trust Bank pays the top two-year rate of 1.86% followed by Aldermore at 1.85%.
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Marcus 1.5% - Review & Renew Bonus
If you have a Marcus account that is nearing the end of its bonus period it is possible to reset it for another year. Just go to Account Activity Details and scroll down past all the transactions to the 'Review your savings' link.