Shawbrook Bank 7 Year Fixed Rate Bond – Issue 21
AER
Notice/Term
Minimum Required
Account Opening
3.62%
7 Years
£1,000
Internet
Monthly Interest Accounts
Disclaimer: The rates shown are for information purposes only. Although endeavours have been made to provide accurate and timely information, Investment Sense Ltd cannot be held responsible for any errors or omissions of the information supplied.
All rates are subject to change without notice, please check with the bank or building society before investing. With fixed term notice savings accounts you can’t usually withdraw your money until the notice term has ended. Penalties may apply.
Eligible deposits are protected by the Financial Services Compensation Scheme ‘FSCS’ up to a maximum level of £85,000 per person per registered institution.
UBL UK 5 Year Fixed Term Deposit
AER
Notice/Term
Minimum Required
Account Opening
4.26%
5 Years
£2,000
Internet, Branch, Post, Mobile
Gatehouse Bank 4 Year Fixed Term Woodland Saver
Expected profit rateAER
Notice/Term
Minimum Required
Account Opening
4.30%
4 Years
£1,000
Internet
UBL UK 3 Year Fixed Term Deposit Account
AER
Notice/Term
Minimum Required
Account Opening
4.41%
3 Years
£2,000
Internet, Branch, Post, Mobile
Gatehouse Bank 2 Year Fixed Term Woodland Saver
Expected Profit RateAER
Notice/Term
Minimum Required
Account Opening
4.40%
2 Years
£1,000
Internet
FirstSave 1 Year Fixed Rate Bond
AER
Notice/Term
Minimum Required
Account Opening
4.50%
1 Year
£1,000
Internet
Atom Bank Instant Saver Reward
Lower rate paid if withdrawal made in month - 3.00% for remainder of that monthAER
Notice/Term
Minimum Required
Account Opening
4.75%
None
£1
Via App
Chase – Chase Saver With Boosted Rate
Rate includes 1.69% bonus for 6 monthsAER
Notice/Term
Minimum Required
Account Opening
4.75%
N/A
£0
Via app
Monthly Interest Accounts
For those people looking to create an income from their savings Monthly Interest Accounts could be the answer.
As the name suggests rather than accruing the interest to the savings balance it is paid away each month to a separate account, perfect for people who need to supplement their income.
These types of accounts can offer Instant Access to your savings, however the longer you are prepared to tie up your savings, either in a Notice or Fixed Rate account, the better the rate of interest will be.
Monthly Interest Accounts can be especially useful for pensioners looking to increase their pension income or investors who need an income but want to avoid the stock market.