UK Net Guide Recommends  
recommended Account Interest
Term Minimum Investment
AXA Self Investor stocks & shares ISA Variable None £50 per month or £500 lump sum
This week starting 23rd March,  AXA Self Investor stocks & shares ISA is our Top Recommended Savings product after we have searched the uk savings market

High Interest Savings Accounts

Search for the best savings accounts online today. Find the highest savings rates quickly and easily. Then apply online.

 ISA Accounts
My MoneyBuilder ISA Variable 1 month £10 a month
Hargreaves Lansdown Stocks and Shares ISA Variable Instant £25 a month
UTB 5 Year Bond 2.75% 5 year bond £0
1000 Days Cash ISA Fixed Deposit 2.3% 1000 day bond £0
Fixed Rate ISA (25) 30.11.2018 2.25% until 30.11.18 £0
3 Year Cash ISAs 2.00% 3 Years £1000
Fixed Rate Cash ISA Issue 14 1.95% 2 year bond £0
Premier Cash ISA Issue 8 1.5% none £0
Direct ISA 1.5% none £0
Bonus Cash ISA Issue 4 1.5% instant £0
Easy Access ISA 1.4% instant £0
Natwest Cash ISA 1% Instant £1
RBS Instant Access ISA 1% Instant £1
Shepherds Friendly ISA Variable Instant £30 a month
Shepherds Friendly ISA Lump Sum Variable Instant +£500 lump sum
The Fidelity ISA Variable None £50 per month or £500 lump sum
AJ Bell Youinvest ISA 0.05% None None
Nutmeg ISA Variable Free, anytime. Faster withdrawals for a small fee. £1,000

*The value of investments can go down as well as up. Your investment isn't guaranteed, so you may get back less than your original investment.
 High Interest Bonds
5 Year Fixed Rate Savings Account 3.30% 5 Years £10,000
3 Year Fixed Rate Savings Account 2.70% 3 Years £10,000
Vanquis Bank High Yield 2.61% 4 year bond £0
5 Year Fixed Rate Savings Account 2.50% 5 Years £1000
5 Year Fixed Term Deposit 2.50% 5 Years £10,000
Three Year Fixed Rate 2.4% 3 year bond £0
1000 Day Fixed Term Deposit 2.30% 1000 Day £10,000
Fixed Rate Bond 2.25% 24 month bond £0
2 Year Fixed Rate Bond Issue 27 2.2% 2 year bond £0
3 Year Fixed Rate Savings Account 2.15% 3 Years £1000
3 Year Fixed Term Rate 2.00% to 2.10% 3 Years £10,000 to £50,000
Scottish Widows Fixed Term Deposit 2.00% 3 Years £10,000
2 Year Fixed Term Rate 1.80% to 1.90% 2 Years £10,000 to £50,000
2 Year Fixed Rate Savings Account 1.85% 2 Years £1000
Fixed Rate Bond 1.8% 1 year bond £0
Fixed Rate Bond 1.8% 12 month bond £0
1 Year Fixed Rate Savings Account 1.60% 1 Year £1000
1 Year Fixed Term Rate 1.45% to 1.60% 1 Year £10,000 to £50,000
Scottish Friendly Bond Variable 10 Years £25 per month
 Easy Access
Defined Access E-Saver 1.41% none £0
Easy Access Issue 1 1.25% none £0
Easy Access Savings Issue 8 1.25% instant £0
Limited Edition eSaver 1.25% none £0
Instant Access Savings Issue 4 1.25% instant £0
AA Internet Extra (Issue 17) 1.25% none £0
Virgin Easy Access E-Saver Issue 13 1.21% none £0
Triple Access Saver Issue 3 1.2% instant £0
GE Saver Issue 7 1.2% none £0
Online Saver Issue 14 1.2% none £0
 Offshore Savings
Term /
International Regular Saver 3% 12 month bond £0
2 Year Fixed Rate Bond IOM 1.35% until 01.04.17 £0
1 Year Fixed Rate Bond IOM 1.1% until 01.04.16 £0
Instant Saver 0.75% none £0
Instant Saver 0.75% none £0
eSaver (Issue 4) IOM 0.7% none £0
International Saver Issue 2 0.6% none £0
Everyday Saver IOM 0.5% none £0
Instant Access 0.2% none £0
Euro Savings 0.2% none £0
Fixed Term Deposits Up to 2.00% Fixed End Of Term £10,000
International Bonus Saver Account Up to 1.00% Gross* End Of Term £5,000
 Children's Savings
Term /
Kid's Regular Saver 6% 12 month bond £10
Children's Regular Saver Issue 1 3.5% instant £5
MySavings 3% instant £0
Smart Limited Access 3% instant £0
Dylan's Regular Saver Bond Issue 6 3% 3 year bond £10
Young Saver 3% instant £0
Newcastle Big Little Saver 3% instant £1
Young Regular Saver 1st Issue 3% instant £1
Children's Bonds Issue 35 2.5% 5 year bond £0
Leap Account Issue 3 2.25% instant £0
Family Junior ISA 1.00-2.00% Age 18 £10 a month or £500 lumpsum
Scottish Friendly Child Flexible Plan Variable 10 Years £15 to £25 per month maximum
Shepherds Friendly Young Savers Plan Variable Age 18 or 10 years, whichever is later. £7.50 per month
Shepherds Friendly University Saving Plan Variable Age 18 or 10 years, whichever is later. £100 per month
Scottish Friendly Child Bond Variable 10 Years £25 per month
AJ Bell Youinvest Junior ISA 0.04% None None
 Notice Accounts
95 Day Notice Issue 1 1.75% 95 days £0
120 Day Notice Personal Savings Account Issue 26 1.75% 120 days £0
GE 100 Day Notice Issue 4 1.55% 100 days £0
95 Day Notice Personal Savings Account Issue 16 1.55% 95 days £0
90 Day Notice (Issue 6) 1.4% 90 days £0
60 Day Notice Issue 10 1.35% 60 days £0
Reward Saver Issue 8 1.35% 30 days £0
State Bank of India Easy Access 1.25% Variable £500
30 Day Notice Issue 5 1.25% 30 days £0
Principality Promise Saver Issue 6 1.1% 30 days £0
100 Day Notice Deposit 1.1% 100 days £0
Natwest Instant Saver 0.50% Variable £1
 Regular Savings
Term /
Simple Regular Saver Issue 2 2% instant £10
Regular Saver (Issue 1) 2% instant £0
Regular Saver 2% 12 month bond £25
Regular Saver Bond Issue 16 2% 1 year bond £20
Regular Savings (Issue 3) 2% 1 year bond £10
Monthly Regular Saver 2% 2 year bond £0
Monthly Saver 2% 12 month bond £25
Fixed Regular Saver 1.76% 1 year bond £25
Monthly Super Saver Issue 3 1.6% instant £10
Flexible Regular Saver 1.5% instant £20
Scottish Friendly My Select ISA Variable 5 Years £10/ month
Scottish Friendly Tax-Free Flexible Plan Variable 10 Years £15 to £25 per month maximum
Scottish Friendly MoneyBuilder Variable Recommended 15 year term. £15/ month
Scottish Friendly Select Plan Variable Recommended 10 year term. £25/ month


What is a High Interest Savings Account?

If you are planning to increase your money by putting your money into a savings account, you will always look for providers which offer you the highest, if not industry leading, interest rates for your money.

High Interest Savings Accounts are thus not a specific type of account, but special savings accounts that offer above-average interest rates tend to advertise themselves as the best option for you to pick in order to profit from your money savings by offering the highest interest rates.

Hence, high interest savings accounts include ISA accounts, High Interest Bonds, Easy Access Savings Accounts, Offshore Savings Accounts, Children’s Savings Accounts, Notice Accounts or Regular Savings Accounts.

Banks and building societies tend to pay the highest interest rates to new savers in order to familiarize them with the routine of saving and to attract new clients for other financial products. This means that it is likely that you start out with a high interest savings rate, which decreases the longer you keep your account.

Other bank accounts that offer high interest rates are so called High Yield Accounts, which are only offered to certain customers. They offer higher interest rates, as they require you to make a significantly larger deposit, keep a high balance over a longer amount of time and limit the number of transactions you can make in and out of the account to a minimum.

Drawbacks of only looking at High Interest Savings Accounts

Banks advertising their products as High Interest Savings Account do not always in fact offer the best rates and deals, even if they claim to do so. Hence, it is always worthwhile taking a closer look at other services offered, including standard current accounts.  

Keep in mind that a high interest rate is not all that makes a good savings account. As for all types of savings accounts, it is important to the check terms and conditions of your account in order to find the best deal for you and avoid hidden charges or fees.

This includes checking the number of times that you can make money withdrawals within a year, fees you need to pay for money transfers and the conditions that apply if you choose to take your money out of the account earlier. Also look at the conditions how you will operate your account, you might prefer talking to a person in a branch rather than organizing everything via phone or the internet.

How to choose a High Interest Savings Account

Online banks traditionally offer higher interest rates than other banks, since they have lower expenses and fewer personnel. If you are fine with or even prefer organizing all your funds online, which means that you are often unable to talk directly to a person in a branch, this is a good option to get a better deal and make the most out of your money.

Try and avoid interest rates that are artificially boosted and are only offered to you during an introductory period. It is likely that once this period expires, interest rates will drop significantly and other deals will become more beneficial for you. Also keep an eye on the expiry date of your introductory term, so that you can react quickly and switch early without losing better interest rate deals.

Consider switching to another savings account if you feel that you are currently not receiving competitive rates. Before you do, carefully check all offers made by banks and building unions before you choose a High Interest Savings Account for yourself. Shop around for the best offers and compare interest rates.

Think about the fact that receiving lower interest rates might be a necessary tradeoff in order to have other services that you require. If you want to access your money from oversees or make transfers in other currencies, other savings options such as an Offshore Savings Account or a tax free ISA account might be more suitable for you, even if they will not have the highest interest rates.

Generally evaluate your personal priorities and the overall benefits you expect from your savings account. This includes looking at the sums that you regularly want to put into your account as well as the accessibility.

Choose an Easy Access account if you want to access your money whenever you need it, rather than a regular savings account that might restrict your access. Look into Children’s Savings Accounts or Junior ISA’s if you are planning to put money aside for your child’s future.