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.

Shawbrook Bank 7 Year Fixed Rate Bond – Issue 20

AER
Notice/Term
Minimum Required
Account Opening
4.00%
7 Years
£1,000
Internet

Shawbrook Bank 5 Year Fixed Rate Bond – Issue 49

AER
Notice/Term
Minimum Required
Account Opening
4.57%
5 Years
£1,000
Internet

Zopa 4 Year Fixed Term Savings

AER
Notice/Term
Minimum Required
Account Opening
4.30%
4 Years
£1,000
Internet

Shawbrook Bank 3 Year Fixed Rate Bond – Issue 71

AER
Notice/Term
Minimum Required
Account Opening
4.73%
3 Years
£1,000
Internet

Atom Bank 2 Year Fixed Saver

AER
Notice/Term
Minimum Required
Account Opening
4.90%
2 Years
£50
Via App

Shawbrook Bank 1 Year Fixed Rate Bond – Issue 105

AER
Notice/Term
Minimum Required
Account Opening
5.10%
1 Year
£1,000
Internet

Monument Bank Easy Access Savings

AER
Notice/Term
Minimum Required
Account Opening
5.03%
None
£25,000
Mobile

Paragon Bank Double Access Savings Account – Issue 8

Up to 2 withdrawals every 12 months, the rate will reduce after 3rd withdrawal
AER
Notice/Term
Minimum Required
Account Opening
4.91%
None
£1,000
Internet

Aldermore Double Access Account – Issue 1

A lower rate will be paid if more than 2 withdrawals per annum
AER
Notice/Term
Minimum Required
Account Opening
4.90%
None
£1,000
Internet

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.