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Compare Our Top-Rated Savings Accounts of 2021

By: Kate Anderson | Updated: 7th June 2021

Savings rates have been at historically low levels since the financial crisis of 2008. Which makes it all the more important to shop around for the best rates. Our team has scoured the market to bring you some of the top savings account options.


We’ve brought together our top picks across all savings account types. So whether you’re looking for an easy access account, a fixed saving account or a cash ISA, we believe we have some great options for you to explore here.

Offers from our affiliate partners appear first and are ordered from highest rating to lowest, followed by other top-rated offers. You can read more about MyWalletHero ratings and page sort here. Offers from affiliate partners are marked with a *.

Great for: saving what you can afford through use of AI.
5 stars question mark
  • Interest Rate (AER):

    1.25%*
  • Account Type:

    Easy Access (app-based)
  • Account Minimum:

    £0
  • Account Maximum:

    No maximum

Account protected by the FSCS up to £85,000

WHAT YOU NEED TO KNOW

  • Free trial of ChipAI on autosaves up to £100.
  • ChipAI plan is £1.50 every 28 days, or the ChipLite plan is free.
  • Automatically calculates how much you can afford to set aside.
  • App is available for iPhone and Android devices.
  • *Unless you invite a friend and secure the 1.25% on offer with Chip+, standard account holders currently earn 0% on their savings due to the previous offer of 0.3% now being at capacity.

what we like

  • Calculates auto-saves based on your spending habits
  • Quick and easy to set up
  • Encourages savings goals

WHAT YOU NEED TO KNOW

  • Free trial of ChipAI on autosaves up to £100.
  • ChipAI plan is £1.50 every 28 days, or the ChipLite plan is free.
  • Automatically calculates how much you can afford to set aside.
  • App is available for iPhone and Android devices.
  • *Unless you invite a friend and secure the 1.25% on offer with Chip+, standard account holders currently earn 0% on their savings due to the previous offer of 0.3% now being at capacity.

DISCLAIMER

Great for: Competitive fixed rate interest
5 stars question mark
Paragon logo
  • Interest Rate (AER):

    0.55%
  • Account Type:

    1 Year Fixed Rate
  • Account Minimum:

    £1,000
  • Account Maximum:

    £500,000

Account protected by the FSCS up to £85,000

WHAT YOU NEED TO KNOW

  • Minimum deposit £1,000
  • Maximum total balance £500,000
  • Your total sum must be deposited within 28 days of application - via one payment
  • Can be opened as a single or joint account
  • Interest can be paid monthly or annually

what we like

  • Can be opened as a single or joint account
  • Offers monthly or annual interest payments
  • Competitive interest rate

WHAT YOU NEED TO KNOW

  • Minimum deposit £1,000
  • Maximum total balance £500,000
  • Your total sum must be deposited within 28 days of application - via one payment
  • Can be opened as a single or joint account
  • Interest can be paid monthly or annually

DISCLAIMER

Great for: Competitive fixed rate interest
5 stars question mark
Paragon logo
  • Interest Rate (AER):

    0.70%
  • Account Type:

    2 Year Fixed Rate
  • Account Minimum:

    £1,000
  • Account Maximum:

    £500,000

Account protected by the FSCS up to £85,000

WHAT YOU NEED TO KNOW

  • Minimum deposit £1,000
  • Maximum total balance £500,000
  • Your total sum must be deposited within 28 days of application - via one payment
  • Can be opened as a single or joint account
  • Interest can be paid monthly or annually

what we like

  • Can be opened as a single or joint account
  • Offers monthly or annual interest payments
  • Competitive interest rate

WHAT YOU NEED TO KNOW

  • Minimum deposit £1,000
  • Maximum total balance £500,000
  • Your total sum must be deposited within 28 days of application - via one payment
  • Can be opened as a single or joint account
  • Interest can be paid monthly or annually

DISCLAIMER

Great for: Competitive fixed rate ISA interest
4.5 stars question mark
charter savings bank logo
  • Interest Rate (AER):

    0.47%
  • Account Type:

    1 Year Fixed Rate ISA
  • Account Minimum:

    £5,000

WHAT YOU NEED TO KNOW

  • Minimum deposit £5,000
  • Maximum account balance £1,500,000
  • Deposit must be made within 30 days of opening, and must be paid in as one lump sum
  • Interest paid annually
  • Save up to the annual statutory limit of £20,000 each tax year

what we like

  • Tax free saving
  • Competitive interest rate
  • Allows ISA transfers from other providers

WHAT YOU NEED TO KNOW

  • Minimum deposit £5,000
  • Maximum account balance £1,500,000
  • Deposit must be made within 30 days of opening, and must be paid in as one lump sum
  • Interest paid annually
  • Save up to the annual statutory limit of £20,000 each tax year

DISCLAIMER

Great for: Highly competitive fixed rate interest in a cash ISA
4.5 stars question mark
Ford Money logo
  • Interest Rate (AER):

    0.55%
  • Account Type:

    2 Year Fixed Rate ISA
  • Account Minimum:

    £500

WHAT YOU NEED TO KNOW

  • Minimum deposit £500
  • Maximum account balance £2,000,000
  • Deposits must be made within 14 days of opening, but can be done via an unlimited number of payments
  • Choice of annual or monthly interest payments
  • Tax-free savings up to the current limit of £20,000 each tax year

what we like

  • Tax free saving
  • Highly competitive interest rate
  • Unlimited deposits within the first 14 days of opening

WHAT YOU NEED TO KNOW

  • Minimum deposit £500
  • Maximum account balance £2,000,000
  • Deposits must be made within 14 days of opening, but can be done via an unlimited number of payments
  • Choice of annual or monthly interest payments
  • Tax-free savings up to the current limit of £20,000 each tax year

DISCLAIMER

Great for: savers looking for a competitive fixed interest rate
4.5 stars question mark
Ford Money logo
  • Interest Rate (AER):

    0.47%
  • Account Type:

    1 Year Fixed Rate
  • Account Minimum:

    £500
  • Account Maximum:

    £2,000,000

Account protected by the FSCS up to £85,000

WHAT YOU NEED TO KNOW

  • The minimum deposit is £500
  • The maximum account balance £2,000,000
  • Can be opened as a joint or single account
  • There’s a choice of monthly or annual interest payments
  • Unlimited deposits are okay but only within the first 14 days of opening
  • After 14 days, your money is locked away for the full term

what we like

  • Competitive interest rates
  • Unlimited deposits for the first 14 days, from £500 up to £2,000,000
  • Your choice of annual or monthly interest payments

WHAT YOU NEED TO KNOW

  • The minimum deposit is £500
  • The maximum account balance £2,000,000
  • Can be opened as a joint or single account
  • There’s a choice of monthly or annual interest payments
  • Unlimited deposits are okay but only within the first 14 days of opening
  • After 14 days, your money is locked away for the full term

DISCLAIMER

Great for: Earning interest with flexible access
4.5 stars question mark
Ford Money logo
  • Interest Rate (AER):

    0.55%
  • Account Type:

    Easy Access
  • Account Minimum:

    £1
  • Account Maximum:

    £2,000,000

WHAT YOU NEED TO KNOW

  • Minimum deposit £1
  • Maximum account balance £2,000,000
  • Variable interest rate
  • Unlimited withdrawals -- take money out whenever you need it
  • Monthly or annual interest payments
  • You can open multiple accounts
  • Can be opened as a single or joint account

what we like

  • Competitive interest rate
  • Start saving with as little as £1
  • Flexible account that allows easy access to your funds

WHAT YOU NEED TO KNOW

  • Minimum deposit £1
  • Maximum account balance £2,000,000
  • Variable interest rate
  • Unlimited withdrawals -- take money out whenever you need it
  • Monthly or annual interest payments
  • You can open multiple accounts
  • Can be opened as a single or joint account

DISCLAIMER

Great for: Competitive fixed rate interest
4.5 stars question mark
Paragon logo
  • Interest Rate (AER):

    1.00%
  • Account Type:

    5 Year Fixed Rate
  • Account Minimum:

    £1,000
  • Account Maximum:

    £500,000

Account protected by the FSCS up to £85,000

WHAT YOU NEED TO KNOW

  • Minimum deposit £1,000
  • Maximum total balance £500,000
  • Your total sum must be deposited within 28 days of application via one payment
  • Can be opened as a single or joint account
  • Interest can be paid monthly (1.59%) or annually (1.60%)

what we like

  • Can be opened as a single or joint account
  • Offers monthly or annual interest payments
  • Competitive interest rate

WHAT YOU NEED TO KNOW

  • Minimum deposit £1,000
  • Maximum total balance £500,000
  • Your total sum must be deposited within 28 days of application via one payment
  • Can be opened as a single or joint account
  • Interest can be paid monthly (1.59%) or annually (1.60%)

DISCLAIMER

Great for: Competitive rate for easy access with tax savings
4.5 stars question mark
Shawbrook Bank logo
  • Interest Rate (AER):

    0.30%
  • Account Type:

    Easy Access Cash ISA
  • Account Minimum:

    £1,000
  • Account Maximum:

    £250,000

Account protected by the FSCS up to £85,000

WHAT YOU NEED TO KNOW

  • Minimum deposit £1,000
  • Maximum account balance £250,000
  • If your account balance falls below £1,000 at any time, your interest rate will drop to 0.25%
  • Variable interest rate
  • Unlimited access to your money (minimum withdrawal £500)
  • No charges for cash withdrawals
  • Choice of monthly or annual interest payments
  • Save up to the annual statutory limit of £20,000 each tax year

what we like

  • Tax-free savings
  • Unlimited access to your money (minimum withdrawal £500)
  • Competitive interest rate

WHAT YOU NEED TO KNOW

  • Minimum deposit £1,000
  • Maximum account balance £250,000
  • If your account balance falls below £1,000 at any time, your interest rate will drop to 0.25%
  • Variable interest rate
  • Unlimited access to your money (minimum withdrawal £500)
  • No charges for cash withdrawals
  • Choice of monthly or annual interest payments
  • Save up to the annual statutory limit of £20,000 each tax year

DISCLAIMER

Great for: Competitive interest on regular monthly savings
4 stars question mark
M&S Bank logo
  • Interest Rate (AER):

    2.75%
  • Account Type:

    Regular Saver
  • Account Minimum:

    £25
  • Account Maximum:

    £3,000

Account protected by the FSCS up to £85,000

WHAT YOU NEED TO KNOW

  • 2.75% interest rate fixed for 12 months
  • Interest paid at the end of that year
  • Save between £25 and £250 each month - up to £3,000 per year
  • If your regular monthly payments are less than the £250 max, you can carry your allowance over and pay more in later months
  • You can change your standing order amount at any time
  • Only available to M&S Current Account holders
  • Sole accounts only, and only one account per person
  • No withdrawals during the 12 month period, if you need to close the account before the year is up you will only receive the Everyday Savings Account interest rate

what we like

  • Highly competitive interest rate
  • Save between £25 and £250 each month
  • You can carry over unused allowance into other months

WHAT YOU NEED TO KNOW

  • 2.75% interest rate fixed for 12 months
  • Interest paid at the end of that year
  • Save between £25 and £250 each month - up to £3,000 per year
  • If your regular monthly payments are less than the £250 max, you can carry your allowance over and pay more in later months
  • You can change your standing order amount at any time
  • Only available to M&S Current Account holders
  • Sole accounts only, and only one account per person
  • No withdrawals during the 12 month period, if you need to close the account before the year is up you will only receive the Everyday Savings Account interest rate

DISCLAIMER