Best savings rates - Monthly income 

  • The web's best savings tables
  • Completely independent and unique
  • Accounts with catches are stripped out or shown separately 
  • Compiled by savings expert Sylvia Morris  
  • Unlike other tables, providers do not have to pay to appear

By This Is Money

Published: 11:02 EST, 22 October 2004 | Updated: 05:29 EST, 7 September 2015


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Easy access | Fixed rates | Cash Isas | Monthly income | Phone / Postal Junior Isas / children's | Offshore | National Savings | Premium Bonds

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BRANCH-BASED ACCOUNTS - instant access 
Type of account (min investment) 0% tax 20% tax 40% tax
Kent Reliance Easy Access Issue 10 (£1,000+) 1.64 1.31 0.98
Virgin Money Defined Access Saver (£1+) (3) 1.5 1.20 0.90 
Kent Reliance Branch Easy Access Issue 2 (£1,000) 1.44 1.15 0.86 
Yorkshire BS Triple Access Saver (£100+) (4) 1.19 0.95 0.71
Coventry BS Easy Access Saver (£1+) 1.14 0.91 0.68
Hinckley & Rugby BS Premium Saver 2 (£5,000+) (1) 1.1 0.88 0.66
Virgin Easy Saver Issue 16 (£1+) 1.01 0.81 0.61 
(1) You are limited to one withdrawal a month from your capital.
(2) For the over 50s only.
(3) You are limited to three withdrawals from your capital each year.
(4) You are limited to three withdrawals from your capital each year.
(6) You must have a pension paid into this passbook account.
ONLINE ACCOUNTS - instant access 
Type of account (min investment) 0% tax 20% tax 40% tax
Kent Reliance Easy Access Issue 9 (£1,000+) 1.64 1.31 0.98
Virgin Money Defined Access Saver (£1+) (3) 1.5 1.20 0.90 
Kent Reliance Banking Online Easy Access 1 (£1,000+) 1.44 1.15 0.86 
National Savings Income Bonds (£500+) (2)1.25 1 0.75 
State Bank of India (£500+) 1.24 0.99 0.74
Charter Savings Bank (£1,000+) 1.24 0.99 0.74
Post Office Online Saver 14 (£1+) (1) 1.19 0.95 0.71
Coventry BS Easy Access Saver (£1+) 1.14 0.91 0.68
Virgin Easy Saver Issue 16 (£1+) 1.01 0.81 0.61 
Yorkshire BS Internet Saver (£1+) 0.99 0.79 0.54
(1) Includes 0.55 percentage point bonus payable for 12 months.
(2) Interest is paid before any tax is deducted but it is taxable.
(3) You are limited to three withdrawals from your capital each year. 
PHONE & POSTAL ACCOUNTS - easy access 
Type of account (min investment) 0% tax 20% tax 40% tax
Kent Reliance Easy Access Issue 9 (£1,000+) 1.64 1.31 0.98
Saga Telephone Saver Issue 16 (£1+) (2) 1.34 1.07 0.8 
National Savings Income Bonds (£500+) (1) 1.25 1 0.75
Coventry BS Easy Access Saver (£1+) 1.14 0.91 0.68
Hinckley & Rugby BS Premier Saver 2 (£500+) 1.1 0.88 0.66
(1) Interest is paid before any tax is deducted but it is taxable.

(2) For those aged 50 and over only. Rate includes a 0.84 percentage point bonus payable for a year.
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FIXED-RATE ACCOUNTS 
Type of account (min investment) 0% tax 20% tax 40% tax
ONE YEAR


Kent Reliance (£1,000+) 2.08 1.66 1.25
Charter Savings Bank (£1,000+) 2.04 1.63 1.22 
National Counties BS (£10,000+) 1.99 1.59 1.19 
Aldermore Bank (£1,000+)1.98 1.581.19
Tesco Bank (£2,000+) 1.93 1.54 1.16 
BM Savings (£1+) 1.88 1.50 1.13 
National Counties BS (£5,000+) 1.80 1.44 1.08 
Saga (£1+) 1.74 1.39 1.04
Post Office (£500+) (1) 1.64 1.31 0.98
Virgin Money (£1+) 1.64 1.31 0.98 
Nationwide (£1+) 1.60 1.28 0.96 
State Bank of India (£10,000+) 1.59 1.27 0.95
ICICI Bank (£1,000+) 1.59 1.27 0.95
Sainsbury's Bank 1.54 1.23 0.92 
EIGHTEEN MONTHS 


Charter Savings Bank (£1,000+) 2.08 1.66 1.25
Metro Bank (£500+) 1.59 1.27 0.95 
Yorkshire BS (£1,000+) 1.49 1.19 0.89
TWO YEARS 


Aldermore Bank (£1,000+)2.33 1.86 1.40 
Kent Reliance (£1,000+) 2.33 1.86 1.40 
Charter Savings Bank (£1,000+) 2.26 1.81 1.36 
National Counties BS (£10,000+) 2.24 1.79 1.34 
Tesco Bank (£2,000+) 2.23 1.78 1.34 
Saga (£1+) 2.08 1.66 1.25 
National Counties BS (£5,000+) 2.04 1.63 1.22 
State Bank of India (£10,000+) 1.98 1.58 1.19
Virgin Money (£1+) 1.98 1.58 1.19 
Skipton BS (£500+) 1.98 1.58 1.19 
Post Office (1) 1.94 1.55 1.16
Sainsbury's Bank (£5,000+) 1.78 1.42 1.07 
Nationwide (£1+) 1.75 1.40 1.05 
THREE YEARS


Charter Savings Bank (£1,000+) 2.52 2.02 1.51
National Counties BS (£10,000+) 2.48 1.98 1.49 
Saga (£10,000+) 2.47 1.981.48 
Aldermore Bank (£1,000+)  2.37 1.90 1.42
State Bank of India (£10,000+) 2.33 1.86 1.40 
National Counties BS (£5,000+)  2.29 1.83 1.37 
Virgin Money (£1+) (3) 2.23 1.78 1.34 
Saga (£1+) 2.13 1.71 1.28
Halifax (£500+) 2.08 1.66 1.25 
Skipton BS (£500+) 2.08 1.66 1.25 
FIVE YEARS 


Charter Savings Bank (£1,000+) 2.91 2.33 1.75
National Counties BS (£10,000+) 2.77 2.22 1.66 
Tesco Bank (£2,000+)  2.76 2.21 1.66 
(1) Available over the internet only.
(2) Open to those age 50 and over only
(3) Fixed to 1 September 2018.
(5) Postal account
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CASH ISA - easy access - variable rates, tax-free interest 
Type of Account (min investment) 0% tax 20% tax 40% tax
Virgin Defined Access Saver (£1+)(3) 1.5 1.5 1.5
Kent Reliance Banking Easy Access Isa Issue 10 (£1,000+) 1.34 1.34 1.34
Virgin Cash Isa 15 1.1 1.1 1.1 
Skipton BS Cash Isa Saver Issue 3 (£500+) 1 1 1
FIXED RATE ACCOUNTS


ONE YEAR


Virgin Money (£1+) 1.70 1.70 1.70
Shawbrook Bank (£5,000+) 1.64 1.64 1.64 
Nationwide (£1+) 1.60 1.60 1.60 
Aldermore Bank (£1,000+) 1.59 1.59 1.59
Nationwide (£1+) 1.56 1.56 1.56
Virgin Money (£1+) 1.54 1.54 1.54 
Kent Reliance Banking (£1,000+) 1.49 1.49 1.49
Skipton BS (£500+) 1.49 1.49 1.49 
Halifax (£500+) 1.39 1.39 1.39
TWO YEARS


Virgin Money (£1+) 1.98 1.98 1.98
Halifax (£500+) 1.98 1.98 1.98 
Skipton BS (£500+) 1.98 1.98 1.98 
Kent Reliance Banking (£1,000+) 1.83 1.83 1.83 
Aldermore (£1,000+) 1.83 1.83 1.83
Shawbrook Bank (£5,000+) 1.79 1.79 1.79 
Nationwide (£1,000+) 1.76 1.76 1.76
Barclays Bank (£1+) 1.7 1.7 1.7
THREE YEARS


Virgin Money (£1+) 2.23 2.23 2.23
Skipton BS (£500+) 2.08 2.08 2.08 
Aldermore Bank (£1,000+)1.98 1.981.98 
Shawbrook Bank (£5,000+) 1.98 1.98 1.98 
Nationwide (£1+) 1.96 1.96 1.96
Halifax (£500+) 1.74 1.74 1.74
(3) (2) Includes a 0.5 percentage point bonus payable for the first year you are in the account
(4) Rate drop to 0.5 per cent after a year.
interest rates

Dear Reader,

These tables are unique on the web. They are independent and providers are not forced to pay to appear, which is typically the case at big comparison sites.

Independent savings expert: Sylvia Morris

Independent savings expert: Sylvia Morris

They are completely unbiased - we simply show the best rates around and don't do 'featured deals'.

We've gone a step further, too. To feature in the best buys on variable rate accounts in our savings tables, an account must give you easy access to your money and come with no hidden catches.

In the past we have refused to include accounts where the rate is boosted by a short-term bonus or those with over-restrictive conditions so you only earn the advertised rate if you make three or less withdrawals a year.

But with interest rates so low, most of today's best deals have some sort of clause built in, whether that's a bonus or a restriction on withdrawals.

For that reason, we've included decent bonuses as long as they last for at least 12 months. This is to avoid you having to switch your account too often when short-term bonuses run out.

If there is a restriction on withdrawals we have made this clear in the notes on each account.

We also ignore old-style 'notice' accounts where the bank or building society can demand you give up to six months' notice that you want to take our money out while it can change the rate at any time without warning.

All banks and building societies are registered with the Financial Services Authority and signed up to the Financial Services Compensation Scheme, either directly (protecting up to £85,000) or via its passport scheme (where the compensation limit depends on the bank's home country. In Europe it is €100,000).

If you have a question about the tables email sy.morris@dailymail.co.uk and editor@thisismoney.co.uk

Sylvia Morris

This is Money savings tables expert

All savings tables

Easy access | Fixed rates | Cash Isas | Monthly income | Phone / Postal Junior Isas / children's | Offshore | National Savings | Premium Bonds

>> Research your own savings accounts

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