Savings accounts

With the base rate at a record low, it has never been more important to shop around to get the best returns on your hard-earned savings.

About savings accounts:

This table displays all the latest UK savings accounts. There are several different types:

• ISA (Individual savings account) - You can invest up to £3,600 tax-free each year in a cash ISA.
• Instant access account - This allows instant access to your savings.
• Internet-only account - This affords you a higher rate of interest in return for managing your account online.
• Shares and investments - Invest your money in stocks and shares for possible greater returns over the long term.

Read our guide to ISAs vs standard savings accounts.

What should I consider when choosing a savings account?

• Will you need instant access to your money, or can you afford to tie it up for the long term?
• You should make use of your tax free allowance each year, before you invest in a standard savings account.
• How do you want to manage your account? If you choose an internet only account you’re likely to receive a higher level of interest.
• Shares and Investments are profitable if you invest money over a long period; you’re likely to receive a greater return. But remember, shares are high risk and you are not guaranteed a return.
• Overall its good idea to have a balanced portfolio of savings if you want to maximise your return.

For more information read our top 10 tips to a better savings account or how to supersize your savings.