With the Bank of England increasing interest rates to 3%, we take a look at the BEST UK Savings Accounts currently available in November 2022.
The top savings account changes on almost a daily basis and it also varies depending on how much money the saver would like to invest
The best online savings account are as follows:
- The best FIXED rate savings accounts as of November 2022 are as follows, 1 year fixed saving at 4.6%, 2 year fixed at 5%, and 5 year at 5.05%.
- The best NOTICE savings account is 3.07% for 90 days and 2.60% for 31 days notice.
- The best EASY ACCESS savings account is 2.81% (minimum deposit £5000) or 2.55% for no minimum deposit.
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Although the interest rates on savings accounts are still well below inflation, I think there is a good chance that if you locked in a fixed rate now, it could be a good long-term decision.
All of the banks mentioned in this video should provide FSCS protection, however, I would recommend verifying this yourself before opening one of these high interest savings accounts.
Which bank do you think is best for savings? Let us know in the comments below!
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