Best Fixed Rate Savings - Everything You Need To Know

Savings accounts are bank or building society accounts where you can deposit your money, earning interest on your savings. It's different from a current account because you can't do things such as withdraw cash, spend on a debit card or pay bills. It's just a way to save your money, while getting a return on your savings. The higher the interest rate offered, the better it as this means you'll earn the most from your money.

Who Is Eligible To Open An Account?

Anyone who is 18 or over and is a UK resident can open a savings account, if you're 16 years old, you can open a cash ISA. 

Before you start looking for the best savings account for you, think about what type of savings account you'll need:

Deposit savings accounts. These keep your money in a bank or building society. They might not always give the best rates, but they don't put your funds at risk.

Tax free savings accounts. Let you save money, without paying tax on any interest you make.

Children's savings accounts. Can be opened by a parent or guardian on behalf of your child.

Business savings accounts. These are specifically designed for businesses, so they can save and earn interest on their spare cash.

Risk-based savings accounts. These put your money at risk, but they will give you the chance of a much larger return compared to savings accounts.

Best Savings Accounts 2020

 

RCI Bank  - this is a 3 Year Fixed Term Savings Account. 

Aldermore 120 Day Notice Account. 

Aldermore 3 Year Fixed Rate Cash ISA. 

Aldermore Double Access Account (Issue 1) 

Investec Online Flexi Saver.

Aldermore 1 Year Fixed Rate Cash ISA. 

Aldermore Easy Access Issue 14. 

RCI Bank 1 Year Fixed Term Savings Account.

 

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