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Provider Rate Min/Max Deposit Opening Account Accessing Account Interest Options SG Verdict
Al Rayan Bank
1.31% £2,500 / No Maximum

Branch
App
Internet
Post
Telephone

Branch
App
Internet
Post
Telephone

  • Paid Monthly

This account pays expected profit, rather than interest, to meet Sharia law requirements.  

Aldermore - double access
1.25% £1,000 / £1,000,000

Branch
App
Internet
Post
Telephone

Branch
App
Internet
Post
Telephone

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

This account is limited to up two withdrawals within an anniversary year.  If three or more withdrawals are made in the year, the rate reduces to 0.10% from the date of the third withdrawal.  The interest rate resets to the higher rate at the next anniversary.

Peterborough based Aldermore launched in 2009 and look after over £13.1bn of deposits.  You can find out more about them here

 Brown Shipley - Raisin
1.10% £1,000 / £85,000

Branch
App
Internet
Post
Telephone

Branch
App
Internet
Post
Telephone

  • Paid Monthly

Founded in 1810, Brown Shipley is a UK authorised private bank with over 200 years of experience, and is regulated by both the PRA and FCA.  It is headquartered in London with offices in seven other UK cities, offering fully integrated wealth planning, investment management and banking services.

This product is only available via the Raisin UK platform but comes with a £25 sign up bonus for Savings Guru customers.  You can find out more about Raisin, and how to claim the sign up bonus here

Atom Bank
1.25% £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

Chase
1.50% £1 / £250,000

Branch
App
Internet
Post
Telephone

Branch
App
Internet
Post
Telephone

  • Paid Away or Compounded
  • Paid Monthly

Chase is a new digital bank that has been launched by US banking group JP Morgan

Savers can get a £20 bonus by signing up to the account and depositing £20 in the first 30 days.  To get this bonus, sign up here 

FCE Bank
1.15% £1 / £2m

Branch
App
Internet
Post
Telephone

Branch
App
Internet
Post
Telephone

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

Essex based Ford Money have regularly been in our best buy tables since their launch in April 2017. 

The rate is variable but any changes get notified to savers who benefit from any upward movements automatically.

Gatehouse Bank
1.30% £1,000 / £250,000

Branch
App
Internet
Post
Telephone

Branch
App
Internet
Post
Telephone

  • Paid on Anniversary
  • Paid Annually
  • Paid Away

First appearance in our easy access best buys for Gatehouse. 

This account pays expected profit, rather than interest, to meet Sharia law requirements

Investec
1.06% £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
1.15% (0.10% bonus for 12 months) £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

This account includes a bonus rate of 0.10% for 12 months.  We don't usually include accounts with bonus rates but, as this will still be in our best buys without the bonus, we have on this occasion.

Principality Building Society
1.05% £1 / £1m

Branch
App
Internet
Post
Telephone

Branch
App
Internet
Post
Telephone

  • Paid Annually
  • Added to the account
  • Paid 1st January

Savers can only make two withdrawals per calendar year from this account.  It can be closed at any time but closure counts as a withdrawal.

Principality is the 6th largest building society in the UK, looking after £7.6bn of savings

RCI Bank
1.10% £100 / £250,000

Branch
App
Internet
Post
Telephone

Branch
App
Internet
Post
Telephone

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

Part of French car giant Renault, RCI are a UK licensed bank and covered by the Financial Services Compensation Scheme

You can find out more about them here

Saga
1.15% (0.10% bonus for 12 months) £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 700,000 customers in the UK with £21bn of balances.

This account includes a bonus rate of 0.10% for 12 months.  We don't usually include accounts with bonus rates but, as this will still be in our best buys without the bonus, we have on this occasion.

Sainsburys Bank
1.10% £1,000 / £500,000

Branch
App
Internet
Post
Telephone

Branch
App
Internet
Post
Telephone

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

Sainsbury’s Bank opened in 1999 and was the first supermarket bank to open in the UK.

This account is limited to three withdrawals each year, otherwise the rate reduces to 0.65%.

Tandem Bank
1.10% £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

Zopa Bank
1.20% £1 / £85,000

Branch
App
Internet
Post
Telephone

Branch
App
Internet
Post
Telephone

  • Paid Away or Compounded
  • Paid Monthly

Zopa started life as a peer to peer lending business in 2005 but became a licensed bank in 2019 and launched their first savings accounts in August 2020.

This account comes with savings pots which pay 1.25% (7 Day Notice), 1.35% (31 Day Notice) and 1.45% (95 Day Notice)

You can find out more about them here

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.

Find out moreMeet the Team

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