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Savings round up - 8th April

Easy access rates were stable on the week with Monument joining the ranks of providers paying over 5% but Notice accounts continued to fall back in pricing and there's no longer any providers paying over Base Rate. 1 Year Fixed rates fell back, as we predicted, with three providers at 5.16%, but only eight providers paying above 5.06%, which we expect to dimish this week. 2 Year rates held up with some increases in this category and longer term fixed rates were largely unchanged. This week may be busier as providers preoccupied with the tax year end and ISAs return their attention to their taxable savings account. 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 remain the best buy with their Double Access Saver paying 5.05% - although there's a hefty cut to 1.50% if three or more withdrawals are made. Monument Bank and Virgin Money are joint second - Monument's is a straight forward savings account but does have a high (£25,000) minimum balance, whereas Virgin's Defined Access Saver pays 5.01% too but this falls to 2% if more than three withdrawals per year are made. Hampshire Trust Bank, who pay 5%, share fourth alongside Close Brothers and Principality Building Society. Close have a high minimum balance of £10,000 and Principality's account is restricted to two withdrawals per year.  Kent Reliance pay 4.96% as they come back to the market and move ahead of Harpenden Building Society, who pay 4.95% with their online instant access. Oxbury Bank pay 4.94%, Charter Savings Bank pay 4.93% and Aldermore Bank's Double Access pays 4.90%

Notice

There is a three way tie for best buy 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. Shawbrook are next paying 5.16% for 45 Day's Notice.

Up to 1 Year Fixed

Hampshire Trust Bank's 5.18% is the best buy for 6 Months Fixed alongside Allica. Charter Savings Bank and Kent Reliance both pay 5.12% via Hargreaves Lansdown.

Emirates Bank pay a best buy 5.12% on their 9 Month Fixed ahead of Hampshire Trust Bank who pay 5.06% and Aldermore Bank paying 5.05% 

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

1 Year Fixed

Close Brothers pay 5.16% via Hargreaves Lansdown's Active Savings, and also direct, alongside both Allica and SmartSave. Hampshire Trust Bank pay 5.12% as they rejoin the market ahead of OakNorth at 5.11% and Zenith Bank at 5.10%. Emirates Bank pay 5.08% via Hargreaves Lansdown and Aldemore Bank pay 5.06% alongside four other providers.

18 Month Fixed

United Trust Bank lead the way with their 15 Month Fixed paying an improved 5%, following their increase last week. 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

DF Capital are the new best buy at 5.07%, a whisker ahead of Hampshire Trust Bank at 5.06% who increased their rate last week. Close Brothers pay 5.05% via Hargreaves Lansdown Active Savings and direct before a drop to Union Bank of India who offer 4.95%. RCI Bank improved their rate to 4.90% to move alongside Zenith Bank and Hodge. There's a drop then to United Trust Bank at 4.80% and Zopa Bank at 4.76%.

3 Year Fixed

Zenith Bank lead the way at 4.67%, ahead of Oxbury and Hodge Bank at 4.66% - the latter increasing their rate at the end of last week. Close Brothers pay 4.65% via Hargreaves Lansdown Active Savings and direct as do Hampshire Trust Bank and RCI Bank, who upped their rate on Friday. Al Rayan Bank also 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 pay 4.31% 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. 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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