With interest rates slowly back on the rise, we examine the best savings accounts and Isa accounts on offer in 2019.
Rates for savers continue to edge down.
On a fixed-rate one-year bond, the top rate is 1.8% through Metro Bank, with PCF Bank following closely behind at 1.76%.
If you choose to tie up your money for two years, you earn only a fraction more interest. The top rates are 1.85% from Zenith Bank, and 1.83% through Charter Savings Bank.
On easy-access accounts, the best rate remains 1.46% via Coventry Building Society’s Triple Access Saver. But you are limited to a maximum of three free withdrawals a year. The rate also includes a 0.31 percentage point bonus until March 2021.
Goldman Sachs’s Marcus account pays 1.45% with no withdrawal restrictions. The rate includes a small 0.1 percentage point bonus payable for the first year that you hold the account.
The top rate with no bonus and no withdrawal restrictions is 1.35% from Charter Savings Bank. The bank also pays 1.35% on its easy-access cash Isa. Meanwhile, Virgin Money pays a marginally better 1.36%, but limits you to two withdrawals a year.
On tax-free cash Isas, the best one-year fixed-rate is 1.51% via Charter Savings Bank. It also pays the best two-year rate of 1.62%.
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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.