May 2020: what are the best savings account rates?

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

Banks and building societies continue to cut rates and axe deals almost daily.  

But savers can still earn substantially more by picking top rates rather than sticking to the big, well-known high-street names, which can pay as little as 0.01%. 

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For fixed-rate bonds, the top one-year rate is via Atom Bank at 1.4%, followed by both OakNorth and Wyelands banks at 1.3%. For two years, RCI Bank pays 1.45%. 

On easy-access accounts, both the Marcus account from Goldman Sachs and RCI Bank’s Freedom account are the front-runners at 1.05%. They are followed closely by National Savings & Investments’ Direct Saver at 1%.  

For cash Isas, the best one-year fixed rate is 1.15% through Metro Bank, followed by 1.05% via Virgin Money and Shawbrook Bank. For two years, you earn hardly any extra interest with rates of 1.25% from Metro Bank and 1.1% from Shawbrook. 

In terms of easy-access cash Isas, the best rate is 1.01% from Virgin Money’s Double Take e-Isa. However, the account restricts you to two withdrawals a year. 

The next best rate is 0.9% via National Savings & Investments’ Direct Isa, but you can’t transfer your existing cash Isas into this account. 

The top easy-access rate for an account that accepts transfers but does not restrict withdrawals is 0.85% via Ford Money’s Flexible Isa or Kent Reliance’s Easy Access Isa.

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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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