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Savings round up - 10th June

Raisin continue to dominate the market with the top three best buys on 1 Year and best buys for 3, 4 and 5 Year terms. They are offering a £50 cashback bonus for June via this link which will make them even more attractive for those saving £10,000 or more who are not existing customers. In a surprise move, both SmartSave (5.06%) and Atom (5%) increased 2 Year Fixed rates - given that Base Rate is expected to drop to 5% in August these look over generous and an opportunity for savers. Easy access and notice rates held up and bonus rates are being used to boost headline rates but protect banks from the expected cuts to Base to come. Here's our round up of all the best buys and key changes from the savings market from the past week:

Easy Access

Chase move to the top of our best buy courtesy of a bonus rate offer for six months - they are paying a 1% bonus on top of their 4.10% rate until 16th January. Agricultural bank, Oxbury, are next with their easy access account paying 5.02% but this has a high minimum balance of £20,000 though. Chip move up to third paying 5.01% on their app only easy access after the addition of a 0.17% bonus for 12 months. Monument's 5.01% rate is tied with Chip and is a straight forward savings account but does also have a high (£25,000) minimum balance. Kent Reliance are nextpaying 4.96% with Oxbury Bank offering 4.94% to those with £1,000+ to save, and Charter Savings Bank paying 4.93%. Paragon's Double Access account now pays 4.91% ahead of Aldermore Bank's Double Access which pays 4.90%, as do Secure Trust and Close Brothers.


There's a new best buy as Monument pay 5.27% on their 60 Day Notice. Second place sees a four way tie at 5.25% - Investec pay this for 90 Days, Charter Savings Bank for 95 Days, United Trust Bank for 180 Days - although this is a Base Rate tracking account - and Hinckley & Rugby Building Society for their 180 Day Notice. Monument Bank's 45 Day Notice pays 5.20% alongside Vanquis, who pay the same rate but for 120 Day's Notice. Shawbrook are next paying 5.16% for 45 Day's Notice. BLME pay 5.15% for 90 Days. Monument pay 5.13% for 7 Days and Kent Reliance offer the same rate but for 60 Days. StreamBank pay 5.05% for 90 Days Notice.

Up to 1 Year Fixed

Atom Bank pay a best buy 5.15% for 6 Months Fixed with Zenith offering 5.08% and Monument 5.07%. National Bank of Egypt pay 5.06% via Raisin but there's also £50 cashback available via this link which will give a greater return for those saving £10,000 or more.

Atom pay a top rate 5.15% for 9 Months Fixed, with Al Rayan Bank paying 5.10% via Raisin, but this also comes with £50 cashback for those signing up via this link. National Bank of Egypt are next at 5.08% and Emirates Bank pay 5.04% on their 9 Month Fixed via Hargreaves Lansdown.

Emirates Bank are paying 5.04% for 3 Months Fixed via Hargreaves Lansdown.

1 Year Fixed

National Bank of Egypt pay a best buy 5.22% via Raisin with Ziraat Bank paying 5.21% via Raisin too and Al Rayan Bank at 5.20% completing a top three via Raisin.  All three come with £50 cashback for savers meeting the terms and signing up via this link. Family Building Society are next at 5.17% as they joined the market ahead of SmartSave at 5.16%. Atom Bank, Union Bank of India and Vanquis Bank all pay 5.15%. Tandem remain at 5.12% to complete the top 10.

18 Month Fixed

United Trust Bank lead the way with their 15 Month Fixed paying 5%. Union Bank of India are up to 4.95% as they improved their rate last week. Al Rayan Bank pay 4.85% via Raisin and direct, as do Cynergy Bank on their 15 Month Bond and Allica Bank, following their increase. Aldermore are just behind paying 4.84% via Hargreaves Lansdown. Cynergy pay 4.80% on their 18 Month and Zopa Bank pay 4.75% via Hargreaves Lansdown Active Savings.

2 Year Fixed

SmartSave are the new best buy paying 5.06%, after their increase last week. Atom Bank improved to 5% to move up to second ahead of Close Brothers who pay 4.95% via Hargreaves Lansdown and direct. RCI Bank, via Raisin, are next paying 4.92% alongside Al Rayan Bank who also pay 4.92% via Raisin - but this could be the best buy for most savers as there is £50 cashback available via this link for savers who meet the terms and conditions. Vanquis alos pay 4.92% and Al Rayan pay the same rate direct. Zenith Bank pay 4.90% via Raisin and direct as do Atom Bank and Union Bank of India following their rate cut last week.

3 Year Fixed

isbank are the best buy at 4.75% via Raisin, and this comes with £50 cashback available via this link. Atom also pay 4.75% following their increase and Hodge were also on the move, up to 4.74%. Shawbrook pay 4.73% ahead of RCI Bank who pay 4.72% via Raisin which comes with £50 cashback available via this link. RCI Bank also pay 4.72% direct. They are followed by Vanquis at 4.71% and Zenith Bank who pay 4.70% via Raisin, Al Rayan Bank also pay 4.70% via Raisin as do Atom Bank. Oxbury pay 4.66% with Close Brothers paying 4.65% via Hargreaves Lansdown and direct.

4 Year Fixed

isbank, pay a best buy 4.75% via Raisin and comes with £50 cashback available via this link. Vanquis Bank are next at 4.60%, way ahead of Oxbury Bank who pay 4.31% and Zopa Bank and BLME, who both pay 4.30%. UBL pay 4.26% via Raisin. United Trust Bank offer 4.25% and Cynergy complete the top seven at 4.20%.

5 Year Fixed 

isbank pay a best buy 4.75% via Raisin and this comes with £50 cashback available via this link. They are some way clear of Atom Bank who increased to 4.60% last week. Hodge also moved up to 4.58% ahead of Shawbrook at 4.57%. Al Rayan Bank, who pay 4.55% via Raisin, and GB Bank who also pay 4.55% via Raisin, are just behind. Close Brothers pay 4.55% and UBL Bank pay 4.52% via Raisin and direct.

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