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Savings round up - 2nd April

We warned last week that the Bank of England commentary at the last Base Rate meeting was likely to see rates fall and indeed they have. Only two providers pay over 5% now on easy access as best buy rates look set to fall in to the 4.80%-4.90% range in the next few weeks. 1 Year Fixed rates fell too - although Secure Trust Bank bucked the trend with a new best buy rate of 5.25% - with only three banks above 5.11% as providers price in a rate cut. While 2 Year fixed rates held up we expect to see them drop below 5% this month and consolidate around 4.75%. The seven providers paying over 4.76% are expected to diminish quickly! Here's our round up of all the best buys and key changes from the savings market from the past week:

Easy Access

Paragon Bank are the new best but with their Double Access Saver paying 5.05% - although there's a hefty cut to 1.50% if three or more withdrawals are made. They move top after last week's top three all cut or withdrew. Virgin Money are second with their Defined Access Saver, which pays 5.01% after their rate cut, but this falls to 2% if more than three withdrawals per year are made. Hampshire Trust Bank, who pay 5%, share third alongside Close Brothers and Principality Building Society. Close have a high minimum balance of 5% and Principality's account is restricted to two withdrawals per year.  Harpenden Building Society are next at 4.95% with their online instant access - but expect that to go this week. OXbury Bank pay 4.94% and Aldermore Bank's Double Access pays 4.90%

Notice

Oxbury Bank pay a reduced 5.28% on 90 Day Notice after their rate cut. They are a whisker ahead of Monument, whose 60 Day Notice pays 5.27%. There is tie at 5.25% - Investec pay this for 90 Days, United Trust Bank for 180 Days - although this is a Base Rate tracking account, as do Hinckley & Rugby Building Society for their 180 Day Notice.  QIB Bank pay 5.20% via Raisin and Monument, Cynergy and Vanquis pay the same rate - Monument for 45 Day's Notice Cynergy and Vanquis for 120 Day's Notice.

Up to 1 Year Fixed

Secure Trust Bank moved top late on Friday with their 6 Month Fixed paying 5.20%. Hampshire Trust Bank's 5.18% drops to joint second alongside Allica. Charter Savings Bank pay 5.12% via Hargreaves Lansdown.

Aldermore Bank are the best buy 9 Month Fixed paying 5.05% alongside Emirates Bank, who also offer 5.05% on their 9 Month Fixed via Hargreaves Lansdown Active Savings with all other 9 Month rates below 5%.

Also worthy of note is Emirates 3 Months Fixed at 5.04% on Hargreaves Lansdown.

1 Year Fixed

Secure Trust lead the way paying 5.25% after a surprise move on Friday. They are ahead of Allica and SmartSave who both pay 5.16%. Close Brothers pay 5.11% via Hargreaves Lansdown's Active Savings platform as do Charter Savings Bank and OakNorth. Zenith Bank pay 5.10% and Aldemore Bank pay 5.06%.

18 Month Fixed

United Trust Bank lead the way with their 15 Month Fixed paying 4.90%. Cynergy Bank's 15 Month Bond pays 4.85% before a five way tie at 4.80%. Zopa Bank pay 4.80% via Hargreaves Lansdown Active Savings, as do Al Rayan Bank, BLME, Cynergy and Union Bank of India. Gatehouse Bank and Skipton Building Society both pay 4.75%.

2 Year Fixed

Oxbury Bank lead the way paying a reduced 5.07% with Close Brothers, paying 5.05% via Hargreaves Lansdown Active Savings, and direct. There's a drop to DF Capital, who pay 4.96%, and Union Bank of India who offer 4.95%. Zenith Bank are just behind at 4.90% along with Hodge. There's a drop then to Zopa Bank at 4.76%, who are ahead of a plethora of providers at 4.75%.

3 Year Fixed

Zenith Bank lead the way at 4.67%, ahead of Oxbury at 4.66%, and Close Brothers who pay 4.65% via Hargreaves Lansdown Active Savings and direct. Al Rayan Bank alos pay 4.65% via Raisin and direct. UBL Bank pay 4.63% direct and also pay 4.63% via Raisin. Birmingham Bank and Shawbrook also pay 4.63% as the top 11 are separated by just four basis points.

4 Year Fixed

isbank, pay a best buy 4.50% via Raisin ahead of Oxbury Bank who come back in at 4.31% to nip ahead of Zopa Bank and BLME, who both pay 4.30%. UBL Bank pay 4.26% direct and also pay 4.26% via Raisin. United Trust Bank offer 4.25% and Cynergy complete the top seven at 4.20%.

5 Year Fixed 

Al Rayan Bank pay a best buy 4.55% via Raisin alongside Close Brothers and Secure Trust Bank. They are a whisker ahead of Hampshire Trust Bank who offer 4.54%. Shawbrook pay 4.53% and UBL Bank 4.52% - UBL Bank also pay 4.52% via Raisinisbank pay 4.50% via Raisin and then come Hodge Bank at 4.41% and Atom Bank at 4.40%.

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