Choose a type of savings account to compare from the list below

Popular savings accounts

	Account	Interest (AER) The account’s Annual Equivalent Rate: shows the interest you will earn over a year as a percentage. If interest is paid monthly, this rate will be higher than the gross interest rate (as the interest will be compounded).	Interest Paid This shows how often the interest is calculated and paid.	Account Type / Term Type of savings account and length of account term (if applicable).	Account Access Online - Access via internet banking. Telephone - Access via telephone banking. Branch - Access via your local branch. Post - Postal access.	Min / Max Balance Some accounts have minimum and maximum balances. If the account holder’s balance falls outside these limits they may be subject to interest penalties or account closure.
	Halifax 4 Year Fixed Online Saver	4.30%	Monthly / Yearly	Fixed Term / 4 Year	OnlineTelephoneBranchPost	£500 - No limit	MORE INFO Read this before you proceed. To qualify for this product you need to meet the following criteria. Minimum Investment £500 Permanent UK Resident Yes Minimum Age 16
	Halifax 2 Year Fixed Online Saver	3.85%	Monthly / Yearly	Fixed Term / 2 Year	OnlineTelephoneBranchPost	£500 - No limit	MORE INFO Read this before you proceed. To qualify for this product you need to meet the following criteria. Minimum Investment £500 Permanent UK Resident Yes Minimum Age 16
	United National Bank 90 Day Notice Account	3.00%	Yearly	90 Day Notice Account	OnlineTelephoneBranchPost	£2,000 - £500,000	MORE INFO Read this before you proceed. To qualify for this product you need to meet the following criteria. Minimum Investment £2,00 Permanent UK Resident Yes Minimum Age 18
	ING Direct Savings Account	2.90% AER Includes Bonus 2.36% gross p.a. bonus fixed for 12 months from account opening	Monthly	Easy Access	OnlineTelephoneBranchPost	£1 - £250,000	MORE INFO Read this before you proceed. To qualify for this product you need to meet the following criteria. Minimum Investment £1 Permanent UK Resident Yes Minimum Age 18
	Scottish Widows Direct Transfer Account	2.80% 2.80% AER includes a 0.89% bonus applied to the account for the first 12 months.	Yearly	Easy Access	OnlineTelephoneBranchPost	£1,000 - £5,000,000	MORE INFO Read this before you proceed. To qualify for this product you need to meet the following criteria. Minimum Investment £1,000
	Halifax Online Saver	2.80% 2.80% AER includes a 12 month fixed bonus of 2.70%	Yearly	Easy Access	OnlineTelephoneBranchPost	£1 - £5,000,000	MORE INFO Read this before you proceed. To qualify for this product you need to meet the following criteria. Minimum Investment £1 Permanent UK Resident Yes Minimum Age 16
	Halifax ISA Saver Online	2.60% AER Includes Bonus 12 month fixed bonus of 2.35%.	Yearly	Cash ISA	OnlineTelephoneBranchPost	£1 - £5,340	MORE INFO Read this before you proceed. To qualify for this product you need to meet the following criteria. Permanent UK Resident yes Minimum Age 16
	Barnsley Building Society Online Saver	2.50%	Monthly / Yearly	Easy Access	OnlineTelephoneBranchPost	£1 - £1,000,000	MORE INFO Read this before you proceed. To qualify for this product you need to meet the following criteria. Minimum Investment £1 Permanent UK Resident yes Minimum Age 16
	NatWest e-ISA	2.50% AER Dependent on Balance £1k+ = 2.00% £30k+ = 2.50%	Monthly	Cash ISA	OnlineTelephoneBranchPost	£1 - £5,100	MORE INFO Read this before you proceed. To qualify for this product you need to meet the following criteria. Minimum Investment £1 Permanent UK Resident Yes Minimum Age 16
	Lloyds TSB eSavings Only available to Lloyds current account customers	2.50% AER Dependent on Balance £1+ = 1.60% £10k+ = 2.50% AER Includes Bonus Fixed introductory bonus of 1.50% AER on all tiers for the first 12 months	Yearly	Easy Access	OnlineTelephoneBranchPost	£10,000 - No limit	MORE INFO Read this before you proceed. IMPORTANT: You must open or currently have a Lloyds TSB Current Account to open this Savings Account. To qualify for this product you need to meet the following criteria. Permanent UK Resident Yes Minimum Age 16 Existing Customer Yes
	Lloyds TSB Easy Saver	1.60% AER Includes Bonus Fixed introductory bonus of 1.50% AER for the first 12 months	Yearly	Easy Access	OnlineTelephoneBranchPost	£1 - No limit	MORE INFO Read this before you proceed. To qualify for this product you need to meet the following criteria. Permanent UK Resident Yes Minimum Age 16 Existing Customer No
	RBS Direct Saver	1.50% AER Dependent on Balance £1+ = 1.00% £10k+ = 1.10% £25k = 1.20% £50k = 1.50%	Yearly	Easy Access	OnlineTelephoneBranchPost	No limit	MORE INFO Read this before you proceed. To qualify for this product you need to meet the following criteria. Minimum Investment £1 Permanent UK Resident Yes Minimum Age 18
	NatWest e-Savings	1.00%	Monthly	Easy Access	OnlineTelephoneBranchPost	£1 - No limit	MORE INFO Read this before you proceed. To qualify for this product you need to meet the following criteria. Minimum Investment £1 Permanent UK Resident Yes Minimum Age 16
	HSBC Online Bonus Saver	0.75% AER Includes Bonus 0.75% AER includes 0.50% bonus added to standard rate (0.25% AER) during months when no withdrawals are made	Monthly	Easy Access	OnlineTelephoneBranchPost	£1 - No limit	MORE INFO Read this before you proceed. To qualify for this product you need to meet the following criteria. Minimum Investment £1 Permanent UK Resident Yes Minimum Age 16

Accounts with an asterisk next to the AER interest have a bonus applied to the interest rate, place your mouse cursor over the asterisk to view the bonus.

More about savings accounts

Long gone are the days of stashing cash under the mattress when saving up for a rainy day.

These days, the high street banks and building societies offer a range of different accounts to suit all of your savings needs, whether that's putting away a lump sum, regular instalments, or just a bit here and there.

You can choose to access your money whenever you like or tie it up for a period of time to get a higher interest rate. You can also choose to keep your money safe or to speculate on the stock market. Beware though, with the latter option, you stand to lose as well as gain.

When you're comparing different accounts, the AER - or Annual Equivalent Rate - is the yearly interest rate percentage that you receive. Interest rates are usually calculated on a daily basis and your return is generated pro rata, meaning if you have some money in the account for a whole year and some for just six months, the two amounts will accrue interest separately.

Both fixed and variable interest rates are available.

The interest you receive on a savings account is subject to tax, just like any other money you earn, using the same calculation scale. So if you're a high earner you'll pay more tax on your interest. The tax is taken off automatically when your interest is paid. ISA stands for Independent Savings Account - in these types of accounts tax isn't payable, but you can only pay in a certain amount each year.

Read Know Your Money's savings accounts guide.

Important – Use of knowyourmoney.co.uk is subject to our Terms of Use