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Let’s compare savings account
Are you considering setting up that nest egg? Thinking of putting some money away for a rainy day? How do you know where you’ll get the best bang for your buck? Are you better off with an instant access savings account, a cash ISA, fixed rate ISA, junior ISA, lifetime ISA or a fixed rate savings account? Or even a current account with a good rate?
That’s where we come in. When you compare with us, you can review key information such as provider, interest rate and access features at a glance in our tables to find the savings account that’s right for you. What are you waiting for, start comparing now!
Frequently asked questions
Why compare savings accounts with Compare the Market?
Looking to put some cash away for a rainy day? We can help. We'll let you compare savings accounts quickly based on interest rate. We'll also show you accounts by provider, and minimum/maximum account balances. Also, if internet banking is your thing, for example, we'll show you where you can open an account and manage your account from, so you can make sure it's accessible online.
We'll pop all your results in a simple, clear table for easy comparison and highlight the pros and cons of each account.
What do you need to compare savings accounts?
You don't need anything to get comparing. Once you've found an account you like, to start applying, you'll need to have the basics to hand – your address, occupation and current bank details. Do remember that some savings accounts may also require a minimum deposit to open.
What are the benefits of an instant access savings account?
Instant access savings accounts, are useful if you need to access your savings quickly but would still like to earn interest on them.
They let you access your money easily - normally instantly, or within a matter of days.
They might be good for first time savers or if you're looking to start an emergency fund.
What other types of savings account are there?
- Notice accounts: These accounts tend to offer higher interest rates, but you can't access your cash instantly. You need to let your bank know that you want to withdraw some savings, normally with a notice between 30 and 120 days.
- Internet accounts: If you are confident with the web, these accounts could be ideal. Requiring less money to run (as you can only manage your money online, not in branch or over the phone), they can offer very competitive interest rates.
- Regular savings accounts: If you tend to have money left over at the end of each month, or want to get into the habit of regular saving, this account is for you. You'll need to agree to pay a set amount into the account each month, and often won't be able to access your money for a year, but interest rates tend to be higher.
- Specialist accounts: Some providers offer special deals for over 50s and children, with different features to complement specific lifestyles and savings goals.
What are Introductory Bonus Rates?
You might see some instant access accounts now offering introductory bonus rates for a limited period. These are incentives for new customers, but remember that once the limited introductory period is up, you can be left with an interest rate that is much lower.
It's also worth checking the terms of the introductory rate, as certain things can mean you might lose the special rate. For example if you withdraw money before the end of the introductory period.
How will my interest be paid into my savings account?
Depending on the type of savings account you choose, and your provider, interest could be paid annually, quarterly, monthly or even daily.
Don't forget, with most savings accounts, interest will be paid after tax has been deducted.