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Decembers top savings accounts

This months’s top savings accounts

December 2023


With interest rates rising, savings accounts are starting to look interesting again. Here are the best rates on the market today







If you're looking for the top savings accounts, you can earn over 5% on an easy access account which gives you freedom with withdrawals, or nearly 6% if you're prepared to fix for a year.


The top savings accounts of the month

This week’s top easy-access savings account is the Metro Bank Instant Access Savings Account. It pays 5.22% on a minimum opening deposit of £500.


If you’re looking to fix your savings, the top one-year fixed-rate account this month is is the Metro Bank 1 Year Fixed Term Savings Account . It pays 5.8% on a minimum opening deposit of £500.


The best regular saver is the Nationwide Flex Regular Saver. It pays 8% on a minimum deposit of £1.


The top easy-access savings accounts

Provider

Notice

Rate

Conditions

Available

Metro Bank

Easy Access

5.22%

Minimum opening balance £500

Online

Cahoot

Easy Access

5.2%

Minimum opening balance £1

Online

Ulster Bank

Easy Access

5.2%

Minimum opening balance £5,000

Online

Hampshire Trust Bank

Easy Access

5.15%

Minimum opening balance £1

Online

1.Metro Bank Instant Access Savings: Paying 5.22% on a minimum of £500 this account can be opened online and there are no withdrawal restrictions.


2.Cahoot Sunny Day Saver: Paying 5.2% on a minimum of £1 this account can be opened online.


3. Ulster Bank Loyalty Saver: Paying at 5.20%, It's this month’s top account for easy access saving accounts. It can be opened and managed online and it has a minimum opening deposit of £5,000.

4. Hampshire Trust Bank Online Easy Access Account: Paying at 5.15%. It can be opened and managed online and it has a minimum opening deposit of £1.



This month's top notice accounts

Provider

Notice

Rate

Conditions

Available

Shawbrook

120 Day Notice

5.56%

Minimum opening balance £1,000

Online

Cynergy Bank

35,95 or 120 Day Notice

5.4%

​Minimum opening balance £500

Online

RCI Bank UK 95 Day Notice Savings Account

95 Day Notice

5.3%

​Minimum opening balance £1,000

​Online

1. Shawbrook 120 Day Notice Account - Paying 5.56% on a minimum of £1,000 this account can be opened online and has a withdrawal notice period of 120 days.


2. Cynergy Bank Online Notice Saver - Paying 5.4% on a minimum of £500 this account can be opened online and has a withdrawal notice period of either 35,95 or 120 days.


3. RCI Bank UK 95 Day Notice Savings Account - Paying 5.3% on a minimum of £1,000 this account can be opened online and has a withdrawal notice period of 95 days.


This month’s top one-year fixed accounts

Provider

Rate

Conditions

Availability

Metro Bank

5.8

Minimum opening balance of £500

Branch/Online

Union Bank of India

5.7%

Minimum opening balance of £1,000

Post/Branch

Gatehouse

5.7%

Minimum opening balance of £1,000

Online

1. Metro Bank 1 Year Fixed Rate Saver - At 5.8% this is the market leader this month. It has a minimum opening balance of £500 and your account can be opened and managed by branch or post.


2. Union Bank of India 1 year fixed bond - At 5.7% this is the market leader this month. It has a minimum opening balance of £1,000 and your account can be opened and managed by branch or post.


3. Gatehouse 1 Year Fixed Term Deposit Woodland Saver - Paying 5.7% this online account has a minimum opening amount of £1,000.


The information contained in this article is for information purposes only and do not constitute financial advice or a recommendation.

The interest rates and accounts shown are subject to change at any time and there may be other accounts available with higher rates or that more suitable which we have not identified or shown.




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