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Compare Savings Accounts – June 2011
Savings accounts are a fantastic way of saving a small amount of money on a regular basis, and can pay well in a difficult market.
We at PensionCalculator.org have looked at all the Regular Savings Accounts provided by banks and building societies and rated the top five for you. We have chosen the accounts with the highest interest rates, which means that your savings will be accumulating the most amount of cash as you continue to deposit your savings into the account.
| Top 5 Regular Savings accounts June 2011 | ||||
| Bank | Bank | AER | Bank | Links |
| HSBC Online Bonus Savings account | HSBC | 4.0% variable | Bonus interest rates- up to 8% interest if you save regularly. | Info |
| Lloyds International Savings account | Lloyds | 4.0% | Info | |
| Teachers BS | Regular Saver | 4.0% | Min monthly: £10 | info |
| Buckinghamshire BS | Chiltern Golden Builder | 3.50% | Min monthly: £25 | info |
| Mansfield BS | Regular Savings | 3.10% | Min monthly: £25 | info |
Banks and building societies are constantly changing interest rates and small print. We at financenews.co.uk update our information monthly.
Money is often locked in for a 12 month term, and you are expected to pay a fixed amount in each month during this period, and a fixed interest rate payment will be made at the end of the year. Money is not usually accessible during this time. If you fail to put in the minimum amount into the account or remove money without the required notice most banks charge you a fee.
These are the best accounts for interest rates, however we strongly advise that you have a look at the terms and conditions before you get an account. While a high interest rate is always good, you may find that the terms and conditions are in fact much worse for you than with the next account that has a 0.5% lower interest rate.
More On Savings Accounts
