January 2020: what are the best savings account rates?

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

The top easy-access rate for online accounts is 1.35%, which is available via the Marcus account by Goldman Sachs and through Ford Money’s Flexible Saver. 

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Shawbrook Bank, which was the clear winner at 1.41% until this week, has cut its rate for new savers to 1.33%. 

For fixed-rate bonds, you can earn 1.66% with a new account from online bank SmartSave. Both Ford Money and Atom Bank pay a whisker less, at 1.65 %. For two years, both Ford Money and Swedish-owned bank Ikano pay the best rate of 1.8%.

On easy-access cash Isas, the top rate on offer is from Cynergy Bank at 1.31%, followed by Ford Money at 1.27%. 

- Your Fund Choices 2020: investing inspiration

Leeds Building Society pays 1.3% on its Double Access Cash Isa, but it limits you to two withdrawals a year. The society also pays 1.3% on its Limited Issue Online Access Isa, with no withdrawal restrictions. However, the account runs only until February next year, following which your money is transferred into an online instant access cash Isa maturity account.

In terms of fixed-rate cash Isas, the best one-year rate on offer is 1.41% through Charter Savings Bank. If you are willing to tie up your money for two years, Metro Bank offers a top rate of 1.6%.


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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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