Compare High Interest Savings Accounts

Savings accounts are one of the most popular ways of investing. Not only do they offer the safety of guaranteed returns, the levels of interest paid have risen inexorably over the last few years, and can now offer very good rates indeed.

For a full guide to comparing savings accounts, and deciding which one to apply for, see our article on high interest savings, or simply use the easy comparison table below to see what deals are on offer, and how hard your money could be working for you.

Note that there's more to choosing a savings account than simply going for the one with the highest rate - you need to decide whether you want interest paid monthly or annually (you'll usually get a better rate with the annual option), and also whether you need instant, no-penalty access to your funds or are willing to accept access restrictions in return for a higher rate.

Savings Accounts List:

 Account  Interest (AER)  Min Investment  Max Investment  Interest Paid  Comment
ICICI Bank Fixed Rate 4.35% £1,000 Unlimited Annually Fixed rate with no access for 6, 12, 24 or 36 months More >>>
First Save Fixed Rate Bond 3.60% £1,000 Unlimited Annually With a 12 month fixed rate  
Sainsbury's Internet Saver 3.00% £1 £2,000,000 Annually Featuring an interest guarantee until 31/12/10  
ING Direct Savings Account 3.00% £1 £1,000,000 Monthly Simple savings account featuring a 12 month bonus rate  
First Save Notice Account 3.00% £100 Unlimited Annually With 90 day notice period, lower AER for 30 day notice  
Egg Savings 2.85% £1 £100,000 Annually Simple online savings account  
Citibank Flexible Saver 2.73% £1 £1,000,000 Monthly Apply online in minutes  
Alliance & Leicester Online Saver 2.50% £1 £2,000,000 Annually No withdrawal penalties More >>>
Capital One Flexi Saver 2.35% £500 £1,000,000 Annually Includes a 12 month bonus rate  
Abbey eSaver 2.30% £1 £250,000 Annually Interest penalty in withdrawal months  
Citibank Reward Saver 2.30% £1 £500,000 Monthly Instant access, but no interest paid in the month of a withdrawal  
Tesco Internet Saver 2.25% £1 £1,000,000 Annually Quick and easy savings from the supermarket giant More >>>
ICICI Bank HiSave 2.00% £1 Unlimited Monthly Featuring a base rate + 0.25% guarantee until 31/12/2011  
AA Internet Saver 1.85% £1 £5,000,000 Monthly Unlimited transactions with no loss of interest  
Saga Online Base Rate Tracker 1.50% £1 £5,000,000 Annually Minimum applicant age of 50, monthly interest option also available  
Halifax Web Saver Extra 1.50% £1 Unlimited Annually Offers up to 1 free withdrawal a year  
Birmingham Midshires Direct Savings Account 1.40% £1 £2,000,000 Annually With a rate at least 0.25% higher than ING Direct until 2010  
Barclays e-Saver Reward 1.26% £1 £2,000,000 Monthly Interest rate halved in months with a withdrawal  
Post Office Instant Saver 1.10% £500 £1,000,000 Annually Featuring up to 6 free withdrawals a year More >>>
HSBC Online Bonus Saver 0.75% £1 Unlimited Monthly Pays interest at a lower rate during withdrawal months More >>>
Capital One Base Beater Savings 0.55% £500 £1,000,000 Annually With a rate guaranteed to beat the base rate until 1st July 2010  
Halifax Web Saver 0.20% £1 Unlimited Annually Simple savings account with higher rates for higher balances  


Please note: all information is regularly updated but you should verify interest rates etc on the account issuer's site before applying.



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