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Savings round up - 24th June

Raisin continue to offer a £50 cashback bonus for June via this link which is on top of best buy rates in 1 and 4 Year Fixed, joint 3rd in 2 Year and second in 3 Year. This will make them more remunerative for those saving £10,000 or more who are not existing customers. However, this is the last week to grab this offer. The Bank of England voted to hold Base Rate on Thursday with 7-2 in favour of holding Base and the dissenters voting for a cut. While 1st August, their next meeting, isn't guaranteed a cut, the odds of it happening are favourable. We expect to see banks respond to this with rates falling back next month. Last week was relatively quiet with few moves in the best buy tables - as bank's waited to see what the decision and commentary from the Bank of England was. Expect to see some easing back on rates this week in response. Here's our round up of all the best buys and key changes from the savings market from the past week:

Easy Access

Chase stay top of the best buys 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. Oxbury Bank are next offering 4.94% to those with £1,000+ to save, followed by Paragon's Double Access paying 4.91%, which is a whisker ahead of Aldermore Bank's Double Access which pays 4.90%. QIB, on Raisin, also pay 4.90% as do Close Brothers.


Monument lead the way paying 5.27% on their 60 Day Notice. Second place sees a three way tie at 5.25% - Investec pay this for 90 Days, Vanquis for 120 Days, United Trust Bank for 180 Days - although this is a Base Rate tracking account - and Hinckley & Rugby Building Society also for 180 Days. Monument Bank's 45 Day Notice pays 5.20% followed by Shawbrook paying 5.16% also 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

Oxbury pay a best buy 5.22% for 6 Months followed by Monument and Cynergy who both pay 5.17%. isbank pay 5.15% 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.

Al Rayan Bank pay a best buy 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% via Raisin with Kent Reliance paying 5.08% too via Hargreaves Lansdown. United Trust Bank also pay 5.08%.

Mizrahi Tefahot Bank pay 5.22% for 3 Months Fixed via Raisin.

1 Year Fixed

Ziraat Bank pay 5.21% via Raisin. Raisin are offering £50 cashback for savers meeting the terms and signing up via this link. They join last week's leader, Vanquis Bank, who are both narrowly ahead of Al Rayan Bank at 5.20% via Raisin.  Raisin are also offering £50 cashback for savers meeting the terms and signing up via this link on this product too. Close Brothers pay 5.17% via Hargreaves Lansdown's Active Savings and direct as do Smart Save. Mizrahi Tefeahot and Zenith Bank both pay 5.15% via Raisin - all included in the £50 cashback offer.  Union Bank of India and Zenith Bank both pay 5.15% too.

18 Month Fixed

United Trust Bank lead the way with their 15 Month Fixed paying 5.05% but have been joined by Cynergy, who improved their 15 Month rate to 5.05% too. Union Bank of India are next at 4.95% ahead of Cynergy's 18 Month at 4.90%. Al Rayan Bank paying 4.85% via Raisin and direct as do Allica Bank. Aldermore are just behind paying 4.84% via Hargreaves Lansdown. Tandem and Charter Savings both pay 4.80%.

2 Year Fixed

SmartSave and Vanquis are tied at the summit paying 5.06%. RCI Bank pay 5% as do isbank 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. Close Brothers also pay 5%, via Hargreaves Lansdown's Active Savings, and direct. Next is Hodge, who dropped their rate to 4.95% to move alongside Secure Trust Bank. Zenith Bank are next paying 4.93% via Raisin and direct, as they improved their rate last week.

3 Year Fixed

Vanquis remain best buy paying 4.80%. RCI Bank stay at 4.76% but RCI Bank also pay 4.76% via Raisin and this comes with £50 cashback! isbank pay 4.75% via Raisin, also with £50 cashback, as do United Trust Bank and Close Brothers via Hargreaves Lansdown and direct. Secure Trust also pay 4.75. Hodge are just behind at 4.74% as are Zenith Bank who pay 4.73% via Raisin 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%. United Trust Bank are next at 4.30% alongside Zopa Bank. UBL pay 4.26% via Raisin and direct.

5 Year Fixed 

United Trust Bank pay a best buy 4.60%. Hodge are next at 4.58%, just 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, as are Secure Trust and Vanquis, who both pay 4.55% too.

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