Which Banks Have The Best Savings Interest Rates?

What banks have the best interest rates on savings accounts UK?

Top ‘bank-linked’ ratesNatWest – 3.04% + £125 for switching.RBS – 3.04% + £100 for switching.HSBC – 2.75% + £125 for switching.First Direct / M&S Bank – 2.75%.

Where can I earn the most interest on my savings?

Open a high-yield savings or checking account. If your bank is paying anywhere near the “average” savings account interest rate, you’re not earning enough. … Join a credit union. … Take advantage of bank welcome bonuse. … Consider a money market account (MMA) … Build a CD ladder. … Invest in a money market mutual fund.

Who has the best high yield savings account?

Here are the 5 best high-yield savings accounts of November 2020Best overall: Marcus by Goldman Sachs High Yield Online Savings.Best for checking/savings combo: Ally Online Savings Account.Best for easy access to your cash: Synchrony Bank High Yield Savings.More items…

What is the highest interest rate in the UK?

Bank of England base rate history A base rate increase in October 1981 saw rates at their highest ever point: 15%. Rates decreased for a few years before rising to around that point again in 1991.