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Provider Rate Min/Max Deposit Opening Account Accessing Account Interest Options SG Verdict
Atom Bank
0.50% £1 / £100,000

Branch
App
Internet
Post
Telephone

Branch
App
Internet
Post
Telephone

  • Paid Monthly
  • Paid Compounded

Durham based Atom Bank has attracted over 20,000 customers and £2.4bn of savings since its launch in April 2016.

Savers can only access Atom’s products via their mobile app

Charter Savings Bank
0.45% £5,000 / £1,000,000

Branch
App
Internet
Post
Telephone

Branch
App
Internet
Post
Telephone

  • Paid on Anniversary
  • Paid Away or Compounded
  • Paid Monthly
  • Paid Annually

Wolverhampton based Charter Savings launched in 2015.

It is now part of One Savings Bank which looks after a combined £16.6bn across its Charter Savings and Kent Reliance savings brands

Investec
0.40% £5,000 / £1,000,000

Branch
App
Internet
Post
Telephone

Branch
App
Internet
Post
Telephone

  • Paid on Anniversary
  • Paid Away or Compounded
  • Paid Monthly
  • Paid Annually

A competitive rate of interest on this straightforward easy access account.

The higher minimum balance may put off savers with smaller balances

Marcus
0.40% £1 / £250,000

Branch
App
Internet
Post
Telephone

Branch
App
Internet
Post
Telephone

  • Paid Monthly
  • Paid Compounded

Marcus launched in September 2018 and is part of US bank Goldman Sachs and now has over 500,000 customers in the UK with £17bn of balances.

It was in our best buys every day from launch until it was withdrawn from sale in June 2020.  Relaunched in February 2021.

Paragon Bank
0.41% £1,000 / £500,000

Branch
App
Internet
Post
Telephone

Branch
App
Internet
Post
Telephone

  • Paid on Anniversary
  • Paid Away or Compounded
  • Paid Monthly
  • Paid Annually

Birmingham based Paragon launched in 2014 and now look after £7.9bn of savings.

This account pays 0.41% but the rate drops to 0.25% if savers withdraw more than three times in the 12 months after the account is opened.  The period then resets at each anniversary.

You can find out more about them in our banking directory here 

RCI Bank
0.40% £100 / £250,000

Branch
App
Internet
Post
Telephone

Branch
App
Internet
Post
Telephone

  • Paid on Anniversary
  • Paid Away or Compounded
  • Paid Monthly
  • Paid Annually

RCI consistently pay some of the best rates in the easy access market.

They are now a UK licensed bank and covered by the Financial Services Compensation Scheme

Saga
0.40% £1 / £250,000

Branch
App
Internet
Post
Telephone

Branch
App
Internet
Post
Telephone

  • Paid Monthly
  • Paid Compounded

Saga savings relaunched in October and is now part of Marcus by Goldman Sachs which has over 500,000 customers in the UK with £21bn of balances.

Shawbrook Bank
0.40% £1,000 / £85,000

Branch
App
Internet
Post
Telephone

Branch
App
Internet
Post
Telephone

  • Paid on Anniversary
  • Paid Away or Compounded
  • Paid Monthly
  • Paid Annually

Essex based Shawbrook have consistently appeared in our best buys since August 2017 

Tandem Bank
0.40% £1 / £250,000

Branch
App
Internet
Post
Telephone

Branch
App
Internet
Post
Telephone

  • Paid Monthly
  • Paid Compounded

Tandem acquired Harrods Bank in January 2018.  This 'green' saver can only be opened and managed via Tandem's mobile app but has a very low minimum balance

Yorkshire Building Society
0.40% (£10,000+) 0.25% (£1,000+) £1 / No max

Branch
App
Internet
Post
Telephone

Branch
App
Internet
Post
Telephone

  • Paid Away or Compounded
  • Paid Annually
  • Paid 31st March

This account allows six withdrawals per year plus closure.  The year starts from the date you open the account.

Yorkshire are the 3rd largest building society in the UK and look after £30.7bn of savings.

About The Savings Guru

We help savers get the best deal for their money by providing unique insight in to the savings market.  We help prospective banks apply for a banking licence and we help build customer services, products and marketing for them.  We also work with existing banks and building societies to improve their savings propositions.  This  insider view of savings means we are uniquely placed to help savers.

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