June 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.

Challenger bank Secure Trust has entered the cash Isa market with a near-top one-year fixed-rate account, paying 1.6%, which is just behind Charter Savings Bank at 1.62%. Aldermore Bank also pays 1.6% for one year.

For two years, the best available rate of 1.8% is on offer through Aldermore Bank, followed by 1.76% through Paragon Bank, and 1.75% with Ford Money.

On easy-access cash Isas, the top rate is 1.5% with Coventry Building Society's Online Easy Access account, but it includes a bonus of 0.35 percentage points for the first year. Virgin Money pays the same rate on its Double Take E-Isa, but restricts you to two withdrawals a year. 

The best rate with no bonus or withdrawal restrictions is 1.43%, on offer from Shawbrook Bank. AA members can earn 1.43% with the motoring organisation’s Isa Member Easy Access account.

On taxable accounts, the best easy-access rate of 1.5% is available through Goldman Sachs Marcus account, Cynergy Banks Online Easy Access account, and Virgin Moneys Double Take E-Saver.

The Marcus account includes a bonus of 0.15 percentage points for the first year, while at Cynergy Bank the bonus is 0.5 points for 12 months. Virgin Money’s Double Take online account limits you to two withdrawals a year.

The best rate with no bonus or withdrawal restrictions is 1.45% through Paragon Bank’s Limited Edition Easy Access account. Other good deals include Shawbrook Banks Easy Access account, paying 1.43%, along with RCI Banks Freedom Account and Ford Moneys Flexible Saver, both paying 1.42%, while AA members can earn 1.44%.

On fixed-rate bonds, the top one-year rate of 2% is available through Metro Bank, followed by Charter Savings Bank at 1.86%.

For two years, you can earn 2.23% through Atom Bank, or 2.2% with Hampshire Trust Bank.

Subscribe to Money Observer Magazine

Be the first to receive expert investment news and analysis of shares, funds, regions and strategies we expect to deliver top returns, plus free access to the digital issues on your desktop or via the Money Observer App.

Subscribe now

Comments

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.

Website

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

Add new comment