Mortgage Advice » savings http://www.ukremortgage-quotes.co.uk/blog Advice for the smart homeowner Wed, 02 Jul 2008 15:22:21 +0000 http://wordpress.org/?v=2.9.2 en hourly 1 Best Savings Rates in UK http://www.ukremortgage-quotes.co.uk/blog/savings/best-savings-rates-in-uk/ http://www.ukremortgage-quotes.co.uk/blog/savings/best-savings-rates-in-uk/#comments Wed, 27 Feb 2008 18:23:46 +0000 admin http://www.ukremortgage-quotes.co.uk/blog/savings/best-savings-rates-in-uk/ If you are looking for a good return on your cash savings, these are some of the best current rates of interest by the leading banks and building societies.

  • Scarborough Building Society 6.3% (guaranteed to be at least 0.25% above base rates until March 31 next year)
  • Icesave 6.1% (Ice savings website)

Best Fixed Savings Rate

  • Northern Rock 6.2% fixed for 2 years.
  • Nationwide 6.15%

Fixed rates offer very good value with base rates predicted to fall to 4.5% by the end of the year. The only drawback is that it is essential you are happy to keep the money in the bank for 2 years. There are quite significant penalites to  early repayment.

Regular Saving Accounts

Skipton Building society offer an interest rate of 7.3% for a one year regular savings plan. However, the maximum monthly contribution is £250 a month.

Best Online Savings Account

Halifax online savings account are offering 6.0% with easy access to the money – online halifax savings AER calculated daily offering best use of your savings

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