Cash savings accounts that earn the most interest

Finally, last month’s rise in base rates affects the interest rates offered for ISAs and cash savings accounts. Here are the best paid accounts across the board…

Letting your money languish in a low-paying savings account or your checking account means you could be missing out on valuable interest.

Here we list the the highest paying accounts open to everyone on the market:

Easy Access Accounts

0.80% Cynergy Bank Online Easy Access Account Number 46 – £1 minimum deposit. Apply and access online. The rate includes a premium of 0.50% for the first 12 months.

0.77% Tandem Instant Access Saver – apply and access via mobile app.

0.77% Yorkshire Building Society Internet Saver Plus Issue 10 – minimum deposit £10,000. Apply and access online. A rate of 0.60% is paid on balances between £1 and £9,999, 0.77% on balances between £10,000 and £49,999 and 0.82% on balances over £50,000.

0.75% Atom Bank Instant Saver – £1 minimum deposit. Apply and access through the mobile app.

0.72% Shawbrook Bank Easy Access Account Issue 29 – minimum deposit £1000. Apply online. Access online, by email or by phone.

Notice accounts

1.08% Shawbrook Bank 120 Day Notice Personal Account Issue 50 – minimum deposit £1000. Apply online. Access online, by phone or by e-mail. Withdrawals are subject to 120 days notice only; no prior access is permitted.

1.05% DF Capital Number 1 120 day notice account – minimum deposit £1000. Apply online. Access online, by email or by phone. Withdrawals are subject to 120 days notice only; no prior access is permitted.

1.02% Charter Savings Bank 95 Day Notice Number 41 – minimum deposit £5,000. Apply and access online. Withdrawals are subject to 95 days notice only; no prior access is permitted.

1% Moneycorp Bank Number 1 90 day notice account – minimum deposit £10,000. Apply and access online. Withdrawals are subject to 90 days notice only; no prior access is permitted.

1% Paragon Savings Account with 120 days notice (number 23) – minimum deposit £500. Apply and access online. Withdrawals are subject to 120 days notice only; no prior access is permitted.

One-year fixed-term bonds

1.55% 1 Year Tandem Fixed Saver – £1000 minimum deposit. Apply through the mobile app. No access within the time limit.

1.48% Investec Fixed Rate Saver – minimum deposit of £5,000. Apply online. No access within the time limit.

1.46% OakNorth Bank 12 Month Fixed Term Savings Account – £1 minimum deposit. Apply online. No access within the time limit.

Two-year fixed-term bonds

1.81% SmartSave 2 Year Fixed Rate Saver – minimum deposit of £10,000. Apply online. No access within the time limit.

1.80% Tandem Two Year Fixed Saver – minimum deposit £1000. Apply through the mobile app. No access within the time limit.

1.75% Aldermore 2 year fixed rate account – minimum deposit £1000. Apply online. No access within the time limit.

Three-year fixed-term bonds

1.91% SmartSave 3 Year Fixed Rate Saver – minimum deposit of £1,000. Apply online. No access within the time limit.

1.90% Tandem Three Year Fixed Saver – £1000 minimum deposit. Apply through the mobile app. No access within the time limit.

1.90% Secure Trust Bank 3 Year Fixed Rate Bond (25 March 2025) – minimum deposit £1,000. Apply online. No access within the time limit.

Five-year fixed-term bonds

2.20% Monument Deposit 5 year fixed term ‒ minimum deposit £25,000. Apply through the mobile app. No access within the time limit.

2.15% Secure Trust Bank 5 Year Fixed Rate Bond (23 March 2027) – minimum deposit £1000. Apply online. No access within the time limit.

2.10% Raisin UK (provided by UBL UK) 5 year fixed term deposit – minimum deposit £1000. Apply online. No access within the time limit.

Easy access to ISA cash

0.77% Yorkshire Building Society Internet Saver ISA Plus Number 10 – minimum deposit £10,000. Apply and access online. Wire transfers are accepted. It is a flexible ISA. A rate of 0.60% is paid on balances between £1 and £9,999, 0.77% on balances between £10,000 and £49,999 and 0.82% on balances over £50,000.

0.66% Shawbrook Bank Easy Access Cash ISA Account Issue 20 ‒ £1000 minimum deposit. Apply online. Access online or by phone. Transfers are permitted. It is not a flexible ISA. It is not an ISA wallet.

0.65% Paragon Triple Access ISA – Issue 6 – £1 minimum deposit. Apply and access online. Transfers are permitted. It is a flexible ISA. This is an ISA wallet. If more than 3 withdrawals are made within a 12-month period, the rate payable will change to 0.25% from the date of the 4th withdrawal, with the 12-month period resetting on the anniversary date of account opening.

0.65% Leeds Building Society Limited Issue Online Access ISA Issue 43) – minimum deposit £1000. Apply and access online. Transfers are permitted. It is not a flexible ISA. It is not an ISA wallet. The due date is 02/28/2023.

0.60% Cynergy Bank Online ISA Issue 18 – £1 minimum deposit. Apply online. Access online or via mobile app. Transfers accepted are accepted. It is not a flexible ISA.

One Year Fixed Term Cash ISA

1.15% Paragon 1 Year Cash Fixed Rate ISA – £500 minimum deposit. Apply online or by mail. Withdrawals are permitted, subject to a 90 day loss of interest. Transfers are permitted. This is an ISA wallet. It is a flexible ISA.

1.10% OakNorth Bank Cash ISA 12 month fixed rate – £1 minimum deposit. Apply online. Withdrawals are permitted, subject to a 90 day loss of interest. Transfers are permitted. It is not a flexible ISA. It is not an ISA wallet.

1.10% Aldermore 1 Year Fixed Rate Cash ISA – £1000 minimum deposit. Apply online . Withdrawals are permitted, subject to a 90 day loss of interest. Transfers are permitted. It is a flexible ISA. This is a portfolio ISA – so you can open more than one type of cash ISA with the provider (eg fixed and variable) in the same tax year.

Two-year fixed-term cash ISA

1.45% Paragon 2 Year Fixed Rate Cash ISA – minimum deposit £500. Apply online. Withdrawals are permitted, subject to a 180 day loss of interest. Transfers are permitted. This is an ISA wallet. It is a flexible ISA.

1.41% Close Brothers Savings Cash ISA 2 year fixed rate – minimum deposit £10,000. Apply online. Access to closing only, subject to 150 days of loss of interest. Transfers are permitted. It is not a flexible ISA. It is not an ISA wallet.

1.40% Leeds Building Society Savings 2 Year Fixed Rate Cash ISA Issue 155 – minimum deposit £100. Apply online, by post or at an agency. Withdrawals are permitted, subject to a 150 day loss of interest. Transfers are permitted. It is not a flexible ISA. It is not an ISA wallet. The due date is 04/30/2024.

Three-year fixed-term cash ISA

1.50% Paragon 3 Year Fixed Rate Cash ISA ‒ £500 minimum deposit. Apply online or by mail. Withdrawals are permitted, subject to a 270 day loss of interest. Transfers are permitted. This is an ISA wallet. It is a flexible ISA.

1.50% Chorley Building Society Fixed Rate Cash ISA fixed 31/03/2025 ‒ £500 minimum deposit. Apply online, by post or at an agency. Withdrawals are subject to 120 days of loss of interest. The due date is 31/03/2025. Transfers from existing Chorley Building Society accounts are not permitted.

1.50% Aldermore 3 Year Fixed Rate Cash ISA – minimum deposit of £1,000. Apply online. Access to closing only, subject to 150 days of loss of interest. Transfers are permitted. It is not a flexible ISA. It is not an ISA wallet.

Five-year fixed-term cash ISA

1.86% United Trust Bank Cash ISA 5 Year Bond ‒ £15,000 minimum deposit. Apply online. Withdrawals are permitted, subject to a penalty based on the following calculation; withdrawal amount, multiplied by the number of days remaining until maturity, multiplied by the interest rate, divided by 365. Interest can be withdrawn annually without penalty. Transfers are permitted. It is not a flexible ISA. It is not an ISA wallet.

1.85% Secure Trust Bank Cash ISA 5 year fixed rate (04/07/2027) – minimum deposit £1000. Apply online. Early closing/transfer is subject to 365 days loss of interest. The maturity date is April 7, 2027. Interest is payable annually on December 31 and at maturity.

1.85% Close Brothers Savings Cash ISA 5 year fixed rate – minimum deposit £10,000. Apply online. Access to closing only, subject to loss of interest for 365 days. Transfers are permitted. It is not a flexible ISA. It is not an ISA wallet.

“Best buy rates are up across the board”

Anna Bowes, co-founder of Savings Champion, said: “Finally, base rate hikes appear to be taking effect with the best buying rates across the board – with easier access, shorter-dated fixed rate bonds and ISAs improving the most.

“Cynergy Bank launched issue 46 of its Online Easy Access account paying 0.80% last week – the highest easy access rate seen since November 2020.

“And it’s the same picture with easy-to-access ISAs – the Yorkshire Building Society’s current maximum rate of 0.77% is also the highest since November 2020 and in fact the rate is even higher on balances of £50,000 and over – 0.82% tax -AER free – same as the non-ISA version of this account.

“Short term fixed rate bonds and current market leading ISAs were last at this level almost two years ago – just as Covid-19 and the first lockdown saw the base rate fall to its lowest unprecedented level of 0.10%. With another base rate decision around the corner, which may well see another increase, we’ll have to wait and see what happens next.