Best savings accounts 2019 – all of the options compared

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Best savings accounts 2019 - all of the options compared



SAVING rates have been dismal over the last 10 years thanks to record-low interest rates.
However, as the Bank of England announced the second interest rate rise in 12 months, things may start to look up for UK savers.
Getty – Contributor
Analysis from the Moneyfacts website has found that there were 142 rate rises across the whole of the savings market in June – the highest number since December 2017 – when rates were last put up.
Yet another base rate rise means that even better savings deals should start to appear.
Here are some of the best-paying accounts on the market which will give you the most bang for your buck.
What are the best fixed-rate savings accounts in 2019?
Fixed-rate accounts will typically offer better rates than normal, easy access accounts, so if you know you can afford to tie your money up for between one and five years, it’ll be worth looking at these type of accounts.
With these accounts you’ll always need to check how much you need to open the account with – some have really high limits which won’t be available to most people.
Here we’ve included the best one and two year deals available.

Minimum investment: £50
Rate: 2.05 per cent
Interest earned on £1,000: £20.50

Charter Savings Bank One Year Fixed Rate Bond – Apply Here

Minimum investment: £1,000
Rate: 2.01 per cent
Interest earned on £1,000: £20.10

Minimum investment: £500
Rate: 2 per cent
Interest earned on £1,000: £20.00
BEST BANK ACCOUNTS FOR SAVINGSAS you can now earn interest tax free on any accounts and not just Isas, some savvy savers have been using current accounts to get a cash boost.Here are some of the highest-paying current accounts around.
Nationwide FlexDirect – You’ll get 5 per cent on balances up to £2,500 for the first year you have the account before it drops to 1 per cent.
You’ll have to pay in £1,000 a month to qualify for the interest.
Tesco Bank Current Account – This pays 3 per cent on balances up to £3,000, until 1 April 2019 (at the earliest). To get the interest you must pay in £750 a month and pay at least three direct debits from it each month. However, you are allowed to open two accounts, so you could get 3 per cent on up to £6,000.
TSB Classic Plus – You’ll get 5 per cent with TSB but only on balances up to £1,500.

What are the best two-year fixed rate savings accounts in 2019?

Minimum investment: £25,000
Rate: 2.35 per cent
Interest earned on £1,000: £23.50

Minimum investment: £50
Rate: 2.30 per cent
Interest earned on £1,000: £23.00

Minimum investment: £1,000
Rate: 2.30 per cent
Interest earned on £1,000: £23.00
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What are the best easy-access savings accounts in 2019?
Easy access accounts are typical accounts that let you pay money in and withdraw it when you want – usually without being penalised.
Rates on these accounts are normally lower than fixed-rate ones but you’ll want to check them out if you know you might need to access your cash, so can’t commit to a fixed deal.

Minimum investment: £1
Rate: 1.50 per cent
Interest earned on £1,000: £15

Minimum investment: £1,000
Rate: 1.50 per cent
Interest earned on £1,000: £15

Minimum investment: £1
Rate: 1.50 per cent
Interest earned on £1,000: £15.00

Minimum investment: £1
Rate: 1.45 per cent
Interest earned on £1,000: £14.50
What are the best easy-access cash ISAs in 2019?
For a long time cash Isas were a no-brainer for savers.
Allowing you to shelter money tax-free, you can currently put away up to £20,000 each tax-year without having to worry about the taxman taking a chunk of your cash.
But rates have been dismal, meaning many savers have turned to other products that offer better rates of interest.
For instance, since the the Government introduced a big shake-up to something called the Personal Savings Allowance (PSA), people have been able to make £1,000 in interest a year tax-free – in whatever account they’re saving in.
For most people, this is more than enough, meaning other savings accounts may be a better option. However, for anyone who needs to save more, an Isa is a good way to minimise tax.
Here are the the accounts topping the charts at the moment.

Rate: 1.45 per cent
Interest earned on £1,000: £14.50
Please note: Only two withdrawals can be made each calendar year

Leeds Building Society Online Access ISA – Apply here

Rate: 1.38 per cent
Interest earned on £1,000: £13.80
Please note: You can only hold onto the account until December 1 2019, after which your money is transferred to an Online Maturity account
The Bank of England cut the cost of borrowing to a record low of 0.25%

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