With interest rates slowly back on the rise, we examine the best savings accounts and Isa accounts on offer in 2019.
Savings accounts that limit the number of withdrawals you can make are coming out thick and fast.
Among the latest is Nationwide' s one-year Triple Access Online Saver, which pays 1.21% for the first year. It limits savers to three withdrawals each year and after the first 12 months the rate drops to 0.75%.
The best deal if you are willing to limit your withdrawals comes from Coventry Building Society Triple Access Saver. Like Nationwide it limits you to three withdrawals a year but pays a higher at 1.46% including a 0.31 percentage point bonus until March 2021.
Marcus by Goldman Sachs pays 1.45% with no withdrawal restrictions but includes a small bonus of 0.1 percentage point for the first 12 months.
With Kent Reliance you can earn a marginally lower 1.43%, with no bonus or withdrawal restrictions.
On fixed rate bonds the top one-year rate is 1.76% from Oaknorth Bank.
Axis and Zenith banks both pay 1.75% and Charter Savings Bank 1.74%. Charter pays a higher 1.81% for eighteen months, while for two years you can earn 1.9% with Axis Bank.
On tax-free cash Isas the top easy-access rate comes from Coventry Building Society at 1.46% on its Limited Access Isa. But withdrawals are restricted to three a year. The rate includes a bonus of 0.31 percentage points payable until January 2021.
Leeds Building Society’s new Limited Edition Online Access Cash Isa also pays 1.46%, but has no withdrawal restrictions. But in November next year, savers’ money will be moved into a lower paying account.
The best easy access rate with no bonus or withdrawal restrictions comes from Charter Savings Bank at 1.35%.
On fixed rate cash Isas the best one-year rate is 1.51% from Charter Savings and Oaknorth banks. For two years you can earn a slightly higher 1.6 per cent on offer from Charter Savings and Aldermore banks.
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.
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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.