February 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.

Shawbrook Bank has raised the rate on its easy-access account for new savers to 1.43%. It is the top rate on offer without a short-term bonus to boost the initial rate, or any limits to the number of times that you can take money out of your account.

The next best rate is only a whisker below, at 1.42% from Ford Money.

The top rate including a bonus comes from ICICI Bank’s HiSave Bonus at 1.55%, available until 14 February. 

On fixed-rate bonds, the top one-year rate is 2.01% from OakNorth Bank, closely followed by Ford Money, Tandem, Aldermore Bank, Investec Bank, Atom and Masthaven Bank, which all pay 2%.

You can earn a top 2.15% interest rate, fixed for 18 months, with Masthaven or Investec banks, while the best two-year rate on offer is 2.31% from OakNorth Bank.

The top rate on easy-access cash Isas comes from Virgin Money at 1.45% through its Double Take Isa, but you are limited to two withdrawals a year. The top rate with no withdrawal restrictions is 1.43% from Paragon Bank.

On fixed-rate cash Isas, Cynergy Bank pays 1.73% for one year. The next best rate is Coventry Building Society's 1.7%, although you have to tie up your money until 31 May next year.

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Comments

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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.

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