February 2020: what are the best savings account rates?

We share the best interest rates on Isas, bonds, and easy-access savings accounts.

Goldman Sachs’s Marcus savings account continues to offer the top easy-access rate of 1.35%. The online account has no short-term bonus or withdrawal restrictions.

The next best rate on offer is 1.26% through The Family Building Society’s Online Saver account. Other top rates include Virgin Money, which pays 1.31%, but the account restricts you to two withdrawals a year. 

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For fixed-rate bonds, the best rate is now 1.65% through Atom Bank. Next in line are Charterhouse Savings, Shawbrook, Ford Money and ICICI banks - all paying 1.55%.

Atom pays the top two-year rate of 1.8%, followed by ICICI Bank at 1.7%, and Ford Money and RCI banks at 1.65%. 

What’s your Isa investor fund personality?

On tax-free cash Isas, the best easy-access rate is 1.35% through Swansea Building Society. However, this Isa does not accept transfers from other providers and is available only through branches or post for those who live in Wales. Cynergy Bank pays 1.29% and Ford Money 1.27%, with both Isas available online.

Isa tips from the UK’s first Isa millionaire

For fixed-rate cash Isas, OakNorth Bank pays a top rate of 1.41% for one year, followed by Loughborough Building Society at 1.4%, while Charter Savings Bank has the next best rate of 1.37%. 

If you want to tie up your money for two years, OakNorth pays 1.5%.

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Excellent Website

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

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.

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