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Savings round up - 15th April

It was a relatively quiet week in the savings market with some cuts to easy access rates, which look set to fall below 5% before the month is out. 1 Year Fixed best buys held up but the number of providers paying over 5% fell as banks start to price in the likelihood of a Base Rate cut in the next couple of months. There was one new best buy - Atom Bank moving top of 3 Year Fixed. Here's our round up of all the best buys and key changes from the savings market from the past week:

Easy Access

Monument Bank and Virgin Money lead the way as the only two providers paying above 5% - Monument's 5.01% rate 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. Close Brothers and Principality Building Society share third - both paying 5% - 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%, Oxbury Bank offer 4.94% and Charter Savings Bank pay 4.93%. Aldermore Bank's Double Access pays 4.90% with Hampshire Trust Bank, also at 4.90%, and Secure Trust at the same rate too completing the top 10.


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. Cynergy Bank pay 5.12% and Emirates Bank pay 5.11% 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 Kent Reliance who pay 5.03% via Hargreaves Lansdown

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 Hodge Bank, after their increase last week. SmartSave drop to 5.13%, following their rate cut, ahead of OakNorth at 5.11%. Emirates Bank pay 5.10% via Hargreaves Lansdown alongside Zenith Bank and Al Rayan Bank, who upped their rate on Friday.  OakNorth Bank pay 5.06% via Hargreaves Lansdown and Tesco pay the same rate too. StreamBank pay 5.05%.

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, Tesco Bank and Union Bank of India.

2 Year Fixed

DF Capital are the new best buy at 5.07%, a whisker ahead of Close Brothers who pay 5.05% via Hargreaves Lansdown Active Savings and direct. There's a drop to Union Bank of India who offer 4.95%. RCI Bank pay 4.90% alongside Zenith Bank and Hodge. Atom Bank improved their rate to 4.85% to move ahead of United Trust Bank at 4.80% and Zopa Bank at 4.76%.

3 Year Fixed

Atom Bank are the new best buy paying 4.70% to move ahead of last week's leader, Zenith Bank at 4.67%. There's a tie for third with Oxbury and Hodge Bank both offering 4.66%. Close Brothers pay 4.65% via Hargreaves Lansdown Active Savings and direct as do Hampshire Trust BankRCI Bank and Al Rayan Bank, who 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 14 are separated by just seven 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 and DF Capital at 4.40%.

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