SAVINGS ACCOUNTS Download to Excel

Putting money aside for the future – perhaps for retirement, a wedding or a large purchase such as a house – is something which many people choose to do. By placing that money into a savings account where it can earn interest, you aim for growth and accumulation over time.

Savings accounts are viewed as a much 'safer' way to increase capital than through direct investment (such as share dealing).

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All Accounts Savings Fixed Rate Bonds Term Deposits e-savings Offshore

Many savings accounts (such as Fixed Rate accounts) won't allow direct access anytime – so ATM withdrawals might not be allowed. This means that the money is 'locked away' for a certain period of time.

A fixed rate means that your money won't be exposed to changes in the base interest rate which can change. You could also consider a cash ISA (individual savings account) which provides a 'tax wrapper' for your money (the money is not subject to tax).

Savings Account Information Investment Information

PROVIDER	ACCOUNT	TYPE	INTEREST AER	INTEREST GROSS	PAID	ACCESS	MIN INCOME	CONDITIONS	WITHDRAWAL ACCESS	APPLY
Santander eSaver	Santander eSaver issue 2	e-savings	2.50%	2.50%	Monthly	Online, Tel	£0.00	Min age 16 years old	Tel, Online, ATM, Branch
Santander eSaver	Santander eSaver (issue 2) is an online only savings account which includes a range of pratical features and provides instant access to funds 24/7. Santander eSaver (issue 2) gives you the option to instantly access your money via a cash card in addition to your online banking. There is no minimum initial deposit required so you can save from £1 to £2 million, at a rate of 2.50% gross/AER (variable), for the first 12 months from opening the account. MORE INFORMATION >>								Features Features Free Banking: No Debit Card: Yes Cheque Guarantee_Card: No Standing Orders: Yes Direct Debit: Yes Overdraft Facility: No Account Manager: No 1. Your savings are protected up to £50,000 by the FSCS - Financial Services Compensation Scheme. 2. The application can be completed online and should take about 10 minutes. 3. The account comes with a cash card, allowing you to withdraw up to £300 per day from cash machines. Services Services 1. Manage online 24 hours a day, every day, with secure and easy to use Internet Banking Advantages Advantages 1. Earn 2.50% gross/AER (variable) for 12 months on all the money saved in the account, after which the underlying rate, currently 0.50% gross/AER (variable), applies. 2. Bonus of 2.00% gross/AER (variable) included in the rate for 12 months from account opening 3. Save up to £2 million. 4. Interest is calculated daily and you have the option to receive this monthly or annually. 5. Open online; it’s easy and takes just a few minutes. 6. Manage online 24 hours a day. 7. The account comes with a cash card, allowing you to withdraw up to £300 per day from cash machines Disadvantages Disadvantages 1. The bonus rate of 2.00% gross/AER will drop after 12 months so you may want to switch at that point. 2. Only one account person is permitted, in either single or joint names. 3. All instant access is subject to a daily withdrawal limit of £300.00. 4. A reduced interest rate is paid on the full balance in any month during which a withdrawal is made suggesting this is not penalty free access. 5. This product is not tax free.
Barclays e-savings Reward	Barclays e-savings Reward	e-savings	0.85% - 1.26%	0.85% - 1.26%	Monthly	Online, ATM	£0.00	Minimum of 18 years old.	Online, ATM
Barclays e-savings Reward	The Barclays e-Savings Reward account gives you a higher interest rate for months when you don’t make a withdrawal. You can open your account from as little as £1 and save up to £2 million. There is the option to obtain an optional ATM card to withdraw up to £300 per day from a Barclays cash machine. MORE INFORMATION >>								Features Features Free Banking: Yes Debit Card: No Cheque Guarantee_Card: No Standing Orders: No Direct Debit: No Overdraft Facility: No Account Manager: No Ideal if you have extra money to put away each month Services Services Barclays cash machine with an optional savings cash card Advantages Advantages 1. Easy to open 2. Manage your account online 3. Great for long term saving. Earn a higher rate of interest for months when no withdrawals are made 4. Ideal if you have extra money to put away each month 5. You still earn interest if you need to make a withdrawal but at a lower rate for that month 6. Open from £1 7. Optional ATM card to withdraw up to £300 per day from Barclays cash machines Disadvantages Disadvantages 1. Lower rate of 0.85% AER / 0.85% gross pa paid for months in which a withdrawal is made. 2. Both of the above rates include an introductory bonus of 0.75% gross. The bonus is payable for 12 months, after which time the rates will reduce accordingly.
Barclays e-savings	Barclays e-savings	e-savings	0.10%	0.10%	Quarterly	Online	£0.00	Available exclusively online	Online
Barclays e-savings	The Barclays e-savings account is an instant access online-only savings account. You can open this account from as little as £1 and instantly transfer to and from your Barclays current account. Manage your account online and save up to £2 million. MORE INFORMATION >>								Features Features Free Banking: Yes Debit Card: No Cheque Guarantee_Card: No Standing Orders: No Direct Debit: No Overdraft Facility: No Account Manager: No Instant withdrawl access Services Services Instant transfers to and from your Barclays current account Advantages Advantages 1. Maximum deposit of £2 million 2. Interest paid quarterly 3. Online account management 4. Instant access 5. Instant transfers online between your Barclays accounts 6. Manage your online savings account around the clock 7. Easy to open with just £1 Disadvantages Disadvantages 1. You can only manage your e-savings account online
ICICI Bank	HiSAVE	Fixed Rate Account	1.50% - 4.75%	1.50% - 4.75%	Monthly	Online. Tel	£0.00	You must be a UK resident aged 18 or over.	No withdrawals permitted during the fixed term.
ICICI Bank	HiSAVE, brought to you by ICICI Bank UK PLC, offers an interest rate that is higher than average, enabling savings to grow at a fast rate. This savings account benefits from a fixed rate of interest and is designed for people who are able to save a lump sum, for a fixed length of time, so you do not need to worry about interest rates falling during the term of the savings account. You cannot, however, withdraw funds from this account until maturity. MORE INFORMATION >>								Features Features Free Banking: Yes Debit Card: No Cheque Guarantee_Card: No Standing Orders: No Direct Debit: No Overdraft Facility: No Account Manager: No 1. Choose a term from 6 months, 1 Year, 18 months, 2, 3 or 4 years. 2. Save a lump sum of at least £1,000 (no maximum). Services Services A monthly interest option is available. Advantages Advantages 1. Your interest rate will not change during the term 2. Good for savers who do not need regular access to their savings. 3. You have the option to chose when you receive your interest - monthly (on the last day of every month. If the last day is not a working day, interest will be paid on the next working day) or annually (on the anniversary of account opening). 4. Simplify your savings by selecting the optional 'auto-renewal' feature. Disadvantages Disadvantages 1. No additional deposits, withdrawals or early closures can be made during the fixed term. 2. Minimum investment is £1,000.
Lloyds TSB International Bonus Saver	International Bonus Saver Account	Offshore Account	0.10% - 2.01%	0.10% - 2.00%	Monthly	Online, Tel,	N/A	Minimum age is 18	ATM, Branch, Online
Lloyds TSB International Bonus Saver	The Lloyds International Bonus Saver is an offshore savings account with an interest rate of up to 2.00%, including an introductory bonus rate of 0.5%. The interest rates are tiered and you can have instant access to your account when you need it. MORE INFORMATION >>								Features Features Free Banking: Yes Debit Card: Yes Cheque Guarantee_Card: No Standing Orders: No Direct Debit: No Overdraft Facility: No Account Manager: No 1. Minimum deposit £5,000 and €5,000 2. Currencies available Sterling and Euro Services Services 1. You can apply online or by post. 2. Access to your money 24/7 via internet banking Advantages Advantages 1. Interest is paid monthly 2. The International Bonus Saver Account offers tiered interest rates 3. You have instant access to your money 24/7 via internet banking and Offshore PhoneBank. 4. You can make new deposits into your account at any time. 5. You have instant access Disadvantages Disadvantages 1. This product is currently not available to Channel Islands and Isle of Man residents or existing Lloyds TSB International Private Banking customers 2. You should think about a different account if you are earning in another currency or you want to put your savings away for a set time.
Barclays Essential Savings	Barclays Essential Savings	Savings Account	0.60% - 1.30%	0.60% - 1.29%	Monthly	Online, Tel, Branch	£0.00	Minimum of 16 years old	Online, Tel, Branch, ATM
Barclays Essential Savings	The Barclays Essential Savings give you instant access to your money with no withdrawal restrictions. You can manage your account by phone, in your branch or online and earn interest rates from 0.60% AER. MORE INFORMATION >>								Features Features Free Banking: Yes Debit Card: Yes Cheque Guarantee_Card: No Standing Orders: No Direct Debit: No Overdraft Facility: No Account Manager: No Instant access to your money with no withdrawal restrictions Services Services 1. Tiered interest rates mean the more you save, the more you earn 2. Open an account from just £1 3. Instant access, with no withdrawal restrictions Advantages Advantages 1. Instant access to your savings 2. No restrictions on withdrawals 3. Open from £1 4. Barclays current account customers can manage their account online or by phone. Branch access also available 5. Optional ATM card to withdraw up to £300 per day from Barclays cash machines 6. Interest paid monthly 7. Account can be included within an offset mortgage arrangement if you have a Woolwich offset mortgage Disadvantages Disadvantages 1. The bonus is payable for 12 months from the date you open your account, after which time the rate will reduce accordingly
Alliance Leicester Online Saver	Online Saver Issue 7	Savings Account	0.50%	0.50%	Yearly	Online	£0.00	Minimum age 18.	Online
Alliance Leicester Online Saver	The Online Saver Issue 7, from Alliance and Leicester, is an online only instant savings account available to UK residents over the age of 18 years old. The account must be opened with a minimum deposit of £1,000 and offers a headline interest rate of 2.75%. Be aware though, this interest rate includes a bonus rate for 12 months which will then drop to 0.50%. MORE INFORMATION >>								Features Features Free Banking: Yes Debit Card: No Cheque Guarantee_Card: No Standing Orders: No Direct Debit: No Overdraft Facility: No Account Manager: No 1. You may only withdraw money from Your Account by transfer to your nominated current account using the Internet Banking service. Services Services 1. 24/7 access to your account. 2. Open online and pay money into your account whenever you want. Advantages Advantages 1. 24/7 access to your account with no withdrawal or penalty charges. 2. Open online and pay money into your account whenever you want. 3. Acccess your money within 24 hours when you transfer your money to your Alliance & Leicester current account. 4. EARN 2.75% GROSS P.A./AER (variable) on balances between £1 and £2,000,000 including a variable bonus payable for at least 12 months. Disadvantages Disadvantages 1. Interest will not be paid on any amount invested which is in excess of the maximum investment permitted in the Account. 2 Interest is paid once income tax has been taken off. 3.You may only withdraw money from your Account by transfer to your nominated current account using the Internet Banking service. 4. It can take up to 4 working days for transfers to a current account with another provider to take place to enable you to access your funds. 5. After 12 months the rate reverts to the underlying variable rate without bonus.
Scottish Friendly Assurance	1. The Child Bond 2. The Scottish Bond	Savings Bond	4.75% - 6.75%	4.75% - 6.75%	Maturity	Online	£0.00	Child Bond: Under 16: The Scottish Bond: 16 - 55	Investment period of 10 years
Scottish Friendly Assurance	Scottish Friendly Assurance claim to be one of the UK’s leading societies, providing savings plans that allow you to make the most of your tax-free allowance. They provide two, ten year, tax-free savings plans; The Scottish Bond or The Child Bond. Both these bonds allow you to invest up to £25 a month tax-free for 10 years even if you already have an ISA. MORE INFORMATION >>								Features Features Free Banking: Yes Debit Card: No Cheque Guarantee_Card: No Standing Orders: No Direct Debit: No Overdraft Facility: No Account Manager: No 1. Your money grows free from tax (other than tax on dividends from UK shares). 2. You don't pay tax on the payout when your bond matures 3. The child has no income tax or capital gains tax to pay on their payout 4. The Child Bond provides a child, who is under 16 when you take out the bond, with a tax-free lump sum. When you take out the bond, you choose if you want them to pay the lump sum to the child: - after 10 years (the minimum duration), or - when they are 18, or - when they are 21. Services Services 1. You can pay up to £25 a month. 2. Regular bonuses are normally set once a year although in extreme circumstance they may be changed more frequently. 3. Scottish Friendly manages the With-Profits fund and the Board of Directors oversee it. 4. The fund is managed to maximise growth whilst minimising risk. Advantages Advantages 1. Make the most of your tax-free allowance. 2. Invest your savings over 10 years 3. Save tax-free - no income tax or capital gains tax to pay 4. Save £25 a month 5. The main long-term growth potential of the Child Bond and the Scottish Bond is through the addition of regular bonuses and a potential final bonus. Disadvantages Disadvantages 1. If you cash in before the end the 10 year savings period, you may not get back as much as you have paid in. 2. If you cash in within the first 2 years, you will get nothing back. 3. What you get back depends on how your investments grow and the actual levels of future bonuses. 4. You must pay up to £25 a month for 10 years. 5. Your circumstances, or the child’s, may change forcing you to cash in the Bond early, in which case you or the child may not get back as much as you have paid in.
Barclays One Year Fixed Rate Savings Bond	One Year Fixed Rate Savings Bond	Term Deposits Account	2.00%	2.00%	Maturity	Branch, Tel, Online	£0.00	Minimum deposit £500	Branch, Tel, Online
Barclays One Year Fixed Rate Savings Bond	The Barclays One Year Fixed Rate Savings Bond offers a competitive interest rate from 2.00% - 2.50% AER. You can open an account from £500 and secure a guaranteed rate of return over the term. Interest is paid monthly, end of term and annual interest options are also available if the account is opened in branch or by phone. MORE INFORMATION >>								Features Features Free Banking: Yes Debit Card: No Cheque Guarantee_Card: No Standing Orders: No Direct Debit: No Overdraft Facility: No Account Manager: No Monthly interest options also available if opened in branch or by phone Services Services Balances £50,000+ earn 2.50% AER / 2.50% gross pa Advantages Advantages 1. Fixed rate of interest for the term of the bond 2. Other interest options available by calling, or visiting us in branch 3. Open from £300 4. Secure a guaranteed rate of return over term Disadvantages Disadvantages 1. Withdrawals are not permitted during the term of the bond. 2. No bonus is payable on this account.
Barclays Two Year Fixed Rate Savings Bond	Two Year Fixed Rate Savings Bond	Term Deposits Account	3.00%	3.00%	Monthly	Online, Tel, Branch	£0.00	Minimum deposit £500	Online, Tel, Branch
Barclays Two Year Fixed Rate Savings Bond	With the Barclays Two Year Fixed Rate Savings Bond you have the reassurance of a fixed rate of interest for the term of the bond. Your interest can only be taken monthly on the two year bond if you take out your bond online. You can earn from 3.00% AER and open you account with as little as £500. MORE INFORMATION >>								Features Features Free Banking: Yes Debit Card: No Cheque Guarantee_Card: No Standing Orders: No Direct Debit: No Overdraft Facility: No Account Manager: No Interest paid frequency: End of term (monthly interest options also available if opened in branch or by phone) Services Services Fixed rate of interest for the term of the bond Advantages Advantages 1. Earn from 3.00% AER/2.96% gross pa 2. Open from £500 3. Secure a guaranteed rate of return over the term. Disadvantages Disadvantages 1. No withdrawals or additional deposits permitted during the term of the bond 2. Interest can only be taken monthly on our two year bond if you take out your bond online
Nationwide e-Bond	Nationwide e-Bond	Savings Bond	2.26% - 5.00%	2.25% - 5.00%	Monthly	Online	N/A	Minimum age 16	N/A
Nationwide e-Bond	Nationwide e-Bond is an online savings bond with up to 6 interest rate options to choose from. You can receive a high interest rate of up to 5.00% gross/AER and you can open your account from as little as £1.00. The Nationwide e-Bond is a simple way to get a guaranteed rate of return from your online savings. MORE INFORMATION >>								Features Features Free Banking: No Debit Card: No Cheque Guarantee_Card: No Standing Orders: No Direct Debit: No Overdraft Facility: No Account Manager: No 1. The minimum investment is £1 2. A Nationwide FlexAccount is needed to open the account. 3. suitable if you would like to lock your money away for a period of time. 4. You will not be able to add any further money after the activation of each bond. However, you may hold more than one e-Bond as long as the combined balance does not exceed £3,000,000. Services Services 1. Choose between monthly or annual interest Advantages Advantages 1. Interest rates are fixed which means the rate stays the same for the duration of the bond. 2. 6 month, 18 month, 1, 2, 3 and 5 year options to choose from. 3. Manage your savings online. Disadvantages Disadvantages 1. Early closure is not permitted without a penalty. 2. You cannot withdraw your funds. 3. This account can only be opened by customers who have a Nationwide FlexAccount. 4. Additional deposits will not be accepted into the account after opening.
Lloyds TSB Easy Saver	Easy Saver	Savings Account	0.10%	0.10%	Yearly	Online, Branch, Tel	£0.00	Minimum age 16	Online, Tel, ATM, Branch
Lloyds TSB Easy Saver	Lloyds TSB Easy Saver allows you to manage your savings with instant access. There are no withdrawal restrictions and you can start saving from as little as £1.00 with no limit on how much you can save. There is a fixed introductory bonus rate of 1.50% AER for the first 12 months of opening the account. MORE INFORMATION >>								Features Features Free Banking: Yes Debit Card: Yes Cheque Guarantee_Card: Yes Standing Orders: Yes Direct Debit: Yes Overdraft Facility: Yes Account Manager: No 1. Open from as little as £1.00 2. Rename your account to suit you, such as holiday, rainy day or simply savings. 3. Transfer money instantly between your Easy Saver and Lloyds TSB current account. Services Services 1. As long as you're registered for Internet Banking you can open an account online. Advantages Advantages 1. A variable rate of interest, currently 1.60% AER/Gross. This rate includes a fixed introductory bonus of 1.50% AER for the first 12 months. 2. On balances of £1 or more we agree to pay a gross annual interest rate which tracks at 1.5% below the Bank of England Base Rate until 31 December 2010 (but the rate will never be less than 0.10%). 3. No limits on how much you can save. 4. No notice period. Disadvantages Disadvantages 1. A variable rate of interest, currently 1.60% AER/Gross. This rate includes a fixed introductory bonus of 1.50% AER for the first 12 months.
NatWest First Reserve	First Reserve	Savings Account	0.10%	0.10%	Quarterly	Online, Tel, Branch	£0.00	Minimum age 16 years	Online, Tel, Branch, ATM
NatWest First Reserve	The NatWest First Reserve is ideal if you are starting your savings. You can have access to your money when you need it and manage your account online, phone or in-branch. You do not get charged for withdrawing your money and you can have an optional debit card to obtain money at cash machines displaying the logo shown on your card. MORE INFORMATION >>								Features Features Free Banking: Yes Debit Card: Yes Cheque Guarantee_Card: No Standing Orders: No Direct Debit: No Overdraft Facility: No Account Manager: No 1. Online banking. 2. Fast transfers between bank accounts. Services Services 1. It is quick and easy to move money between First Reserve and your other NatWest accounts 2. Online banking Advantages Advantages 1. You can manage your account online, by phone and in-branch. 2. You can start saving from £1.00. 3. There are no charges for withdrawing money. Disadvantages Disadvantages 1. First Reserve Accounts are available only to individuals, including personal trustees. 2. You may not have your wage or salary paid directly into your account. 3. Standing Order and Direct Debit payments are not permitted on your account . 4. Arranged overdrafts are not available on your account . 5. Cheque books are not available on your account .
Nationwide e-Savings	Nationwide e-Savings	e-savings	0.45%	0.45%	Yearly	Online, Tel	£0.00	Minimum age 16	Online, Tel
Nationwide e-Savings	The Nationwide e-Savings account allows you to start saving from as little as £1.00 and allows easy access to your cash online 24/7 for transfers and withdrawals. All payments must come via the Nationwide FlexAccount. MORE INFORMATION >>								Features Features Free Banking: No Debit Card: No Cheque Guarantee_Card: No Standing Orders: No Direct Debit: No Overdraft Facility: No Account Manager: No 1. e-Savings interest rates are calculated daily and paid annually on the 31 March. Services Services 1. Full online savings account statements are available via our Internet Bank. 2. Mini statements are available through Telephone Self Service. 3. No paper statements are provided as this is an online savings account. Advantages Advantages 1. Instant access to your internet savings account 24/7. 2. Daily interest calculations so you don't miss out on extra savings. 3. You can have multiple e-Savings accounts attached to your FlexAccount. This is very useful if you want savings accounts for different purposes Disadvantages Disadvantages 1. You must be a Nationwide FlexAccount holder. 2. It is not possible to pay directly into e-Savings, all payments must come via the FlexAccount. 3. Savings account funds can only be transferred online from e-Savings to a FlexAccount on the Internet Bank or via Telephone Self Service. 4. No branch or ATM Withdrawals allowed.