29.03.2021 | 3 minutes estimated reading time | Print this article

Egg-cellent savings accounts that are all they’re cracked up to be

Advance notice: this article contains so many egg puns, it’s not even bunny (but you’ll also find out more about why it’s important to open the right type of savings account to suit your needs, what those savings accounts are, and where you can get some cracking interest rates).

Savings accounts with market-beating interest rates

Low-interest rates are no yolk when you’re looking to save. But with so many different types of savings accounts available, all with different terms, rates and benefits, how do you know what type of savings account will help you maximise your bunny? (Sorry…that’s money. Money.)

Compare savings accounts

Shell out on a fixed rate bond

Fixed rate bonds allow you to lock a lump sum of money away for a set period of time, usually between six months and five years, at a rate that won’t change from the day you open your account until the end of your fixed term. If you have a lump sum, they’re a good option to consider in times of uncertainty and falling interest rates, as they’re a risk-free way to grow your savings, and typically offer competitive rates.

Rate

Term

Bank

0.88% AER

3 years

Zenith Bank (UK)

Find out more

0.80% AER

2 years

QIB (UK)

Find out more

 

Hop to it with a notice account

Notice accounts require you to provide notice if you want to withdraw your savings, typically between 30 and 90 days. This type of savings account features a mix of the benefits of other savings accounts, including competitive rates comparable to fixed rate bonds, and similar levels of flexibility as an easy access account.

Rate

Term

Bank

0.55% AER

95 days

ICICI Bank (UK)

Find out more

0.35% AER

90 days

Teachers Building Society

Find out more

0.25% AER

45 days

ICICI Bank (UK)

Find out more

 

Easy access accounts with a hoppy ending

Easy access accounts are one of the most flexible types of savings accounts around, as you have the freedom to pay in and withdraw money whenever you want to. Typically, you’ll get a variable interest rate, which means that it could increase or decrease while your account is open.

Fixed rate bonds allow you to lock a lump sum of money away for a set period of time, usually between six months and five years, at a rate that won’t change from the day you open your account until the end of your fixed term. If you have a lump sum, they’re a good option to consider in times of uncertainty and falling interest rates, as they’re a risk-free way to grow your savings, and typically offer competitive rates.

Rate

Term

Bank

0.10% AER

Easy access

ICICI Bank (UK)

Find out more

0.05% AER

Easy access

QIB (UK)

Find out more

 

A welcome bonus? I’m all ears

This Easter, we’re making it easier for you to grow your savings with a welcome bonus of up to £50.

Simply deposit over £5,000 into a savings account from one of our partner banks that has a duration of six months or more, and we’ll boost your savings by up to £50. Terms and conditions apply.

Welcome bonus