May 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.

Rates on easy-access accounts and easy-access cash Isas continue to rise.

For cash Isas, Virgin Money has upped the rate on its Double Take E-Isa to 1.5% for new savers. It follows in the footsteps of Coventry Building Society, which has also raised the rate on its Easy Access ISA (Online) Issue 2 to 1.5%. 

The Virgin account limits you to two withdrawals a year, while Coventry includes a 0.35 percentage point bonus payable until 31 August next year.

The top rate with no bonus or withdrawal restrictions is 1.46%, on offer from Kent Reliance.

In terms of fixed-rate cash Isas, rates have stayed around the same level and pay only a whisker more than easy-access accounts.

The top one-year rate is 1.62% through Charter Savings Bank, just ahead of Aldermore at 1.6%. For two years, both Virgin Money and Charter Savings pay 1.82%.

On taxable easy-access accounts, both Goldman Sachs’s Marcus account and Virgin Money’s Double Take E-Saver pay 1.5%.

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

Sainsbury’s Bank has raised the rate on its Defined Access Saver to 1.47% for new customers. It limits you to three withdrawals a year.

Other good online deals with no bonus or withdrawal restrictions include Paragon Bank at 1.45%, Shawbrook Bank at 1.43%, the RCI Freedom account at 1.42%, and both Beehive Savings and Kent Reliance paying 1.4%.

On fixed-rate bonds, Atom Bank pays a top 2.03% for one year, followed by Metro Bank at 2%, and Charter Savings Bank at 1.98%. For two years, Atom pays a fixed 2.3%, and Tandem Bank 2.25%.

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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

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