Best Savings Rates in UK
February 27th, 2008 | by admin |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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