Best savings rates tables - phone / postal accounts

  • 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: 03:44 EST, 30 November 2006 | Updated: 05:13 EST, 7 September 2015

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PHONE & POSTAL ACCOUNTS - Instant access 
Type of account (min investment) 0% tax 20% tax 40% tax
BONUS ACCOUNTS - Pay a bonus for the first 12 months or more. These are the rates including the bonus:
Saga Telephone Saver Issue 17 (£1+) (9) 1.35 1.08 0.81
Post Office Instant Saver (£500+) (5) 1 0.8 0.6
Halifax Everyday Saver (£1+) (3) 0.75 0.6 0.45
Accounts WITHOUT bonus - Rates are not boosted by a temporary bonus that drops off after a year:
Kent Reliance Easy Access Issue 9 (£1,000+) 1.65 1.32 0.99
Teachers BS Premier Saver (4) 1.3 1.04 0.78 
National Savings Income Bonds (£500+) (1) 1.26 1.01 0.76 
Leeds BS Everyday Saver (£100+) 1.25 1 0.75
Sainsbury's Extra Saver (£20,000+) 1.2 0.96 0.72
Coventry BS Easy Access Saver (£1+) 1.15 0.92 0.69
Sainsbury's Extra Saver (£10,000+) 1.15 0.92 0.69
Mansfield BS Postal Savings Issue 1 (£1,000+) (8) 1.15 0.92 0.69 
National Savings & Investments Direct Saver (£1+) (1) 1.1 0.88 0.66
Sainsbury's Extra Saver (£1+) 1.1 0.88 0.66
Hinckley & Rugby BS Premier Saver 2 (+£500) (4) 1.1 0.88 0.66
Virgin Money Easy Access Saver 16 (£1) 1.01 0.81 0.61 
Aldermore Easy Access Issue 9 (£1,000+) 1 0.8 0.6
Newcastle BS Bobby Robson Foundation 6 (6) 1 0.8 0.6
Scottish BS Instant Access (£100+) 1 0.8 0.6
Teachers BS Call Save (£1+) (2) 1 0.8 0.6
(1) Interest paid before tax but is taxable.
(2) Maximum four withdrawals a year.
(3) Rate drops to 0.25 per cent after the first 12 months.
(4) You are limited to making two withdrawals a year. 
(5) Rate includes a 0.9 percentage point bonus for one year.
(6) Plus an additional 0.1 per cent to Bobby Robson Foundation charity.
(8) Account only available to residents of Nottinghamshire, Derbyshire or South Yorkshire and/or existing customers who have a minimum of three years continuous membership.
(9) Includes a 1.1 percentage point bonus for one year.


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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