Savings accounts are a great way of staying in control of your money. You can easily save money towards whatever you need, and enjoy the benefits of a normal bank account.

We have chosen the top five accounts with the highest interest rates provided by banks and building societies. We used the latest unbiased information, and this means that your savings will be accumulating the most amount of cash as you continue to deposit your savings into the account.

It is very important to check the small print of every account before making a decision as interest rates in banks and building societies are constantly changing. You are expected to pay a fixed amount each month as money can be locked in for a 12 month term and this may be a part of the agreement with your bank. At the end of the year a fixed interest rate will be paid to your account.

You will be charged a fee to withdraw money from these accounts before the notice period is up. You will not be able to access this money during this period.

Make sure that this is the right product for you, there are also current accounts which offer better flexibility, or ISAs which offer greater returns.