Best savings accounts 2023: Top 3 easy access, fixed and regular savings accounts | Personal Finance | Finance

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This account can be opened with a minimum deposit of £25 and up to £3,600 can be invested over the course of the 12-month term. Savers can deposit between £25 and £300 per month in multiples of £5.

Withdrawals are only permitted after the term ends and if savers access the money before then, the account will have to close. In this instance, interest will only be paid up to that day and they’ll receive interest equivalent to first direct’s Savings Account variable rate.

Placing second is Lloyds Bank’s Club Lloyds Monthly Saver with an AER of 5.25 percent.

A £25 deposit is required to open this account and the term runs for 12 months, which means up to £4,800 can be invested over the course of the year.

The account is available to Club Lloyds customers and unlimited withdrawals are permitted without penalty. The interest rate is fixed and will be paid on the anniversary of the account opening, and deposits between £25 and £400 must be invested before the 25th of every month.

NatWest’s Digital Regular Saver falls just behind with an AER of 5.12 percent.

The 5.12 percent interest rate is awarded to savings up to £5,000, after which a 0.65 percent rate will be awarded to figures from £5,001 and over.

There is no minimum deposit required to open the account and it allows people to save up to £150 each month. Unlimited withdrawals are permitted without penalty and interest is awarded monthly.

Top three fixed rate bond savings accounts

Top of the list of high-interest fixed rate accounts is Close Brothers Savings’ Five Year Fixed Rate Bond with AER of 4.45 percent.

Author: Dhanraj7978

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