FIXED-RATE ACCOUNTS Type of Account (min investment) 0% tax 20% tax 40% tax (1) Account available over the internet only. (2) Available to those age 50 and over only. (3) Fixed to 30 June 2016. (5) Fixed to 1 June 2014.. (6) Fixed to 1 June 2016. (9) Fixed to 31 August 2014. (11) Fixed to June 2018. (12) Licensed to Bank of Ireland UK subsidiary. (13) This rate is the 'expected profit rate'. The bank monitors the target profit on a daily basis to ensure it is achievable. ONE YEAR State Bank of India(£10,000+) 2.00 1.60 1.20 ICICI Bank(£1+) 1.95 1.56 1.17 Shawbrook Bank(£5,000+) 1.95 1.56 1.17 Post Office(£500+) 1.90 1.52 1.14 Islamic Bank of Britain(£1,000+) (13) 1.90 1.52 1.14 Metro Bank(£500+) 1.85 1.48 1.11 Aldermore Bank(£1,000+) 1.85 1.48 1.11 Leek United(£1,000+) 1.80 1.44 1.08 Kent Reliance(£500+) 1.80 1.44 1.08 Cheshire BS(£100+) 1.75 1.40 1.05 Derbyshire BS(£100+) 1.75 1.40 1.05 Nationwide(£1+) 1.75 1.40 1.05 Virgin Money(£1+)(5) 1.75 1.40 1.05 Saffron BS(£500+) 1.75 1.40 1.05 Sainsbury's Bank(£5,000+) 1.75 1.40 1.05 TWO YEARS Islamic Bank of Britain (£1,000+)(13) 2.30 1.84 1.38 State Bank of India(£10,000+) 2.25 1.80 1.35 ICICI Bank (£1+) 2.20 1.76 1.32 Shawbrook Bank(£5,000+) 2.20 1.76 1.32 Tesco Bank (£2,000+) 2.10 1.68 1.26 Close Brothers(£10,000+) 2.10 1.68 1.26 Leek United(£1,000+) 2.00 1.60 1.20 Aldermore Bank(£1,000+) 2.00 1.60 1.20 Post Office 2.00 1.60 1.20 Principality BS(£500+) 2.00 1.60 1.20 Kent Reliance(£500+) 2.00 1.60 1.20 Sainsbury's Bank(£5,000+) 1.90 1.52 1.14 THREE YEARS Saga(£50,000+) 2.55 2.04 1.53 Shawbrook Bank(£5,000+) 2.50 2.00 1.50 State Bank of India(£10,000+) 2.50 2.00 1.50 ICICI Bank(£1+) 2.40 1.92 1.44 Virgin Money(£1+)(6) 2.40 1.92 1.44 Saga(£10,000+) 2.35 1.88 1.41 AA Savings(£25,000+) 2.30 1.84 1.38 Close Brothers(£10,000+) 2.30 1.84 1.38 Metro Bank 2.25 1.80 1.35 Tesco Bank (£2,000+) 2.20 1.76 1.32 Saga(£25,000+) 2.20 1.76 1.32 Yorkshire BS(£1,000+)(3) 2.20 1.76 1.32 Chelsea BS(£1,000+)(3) 2.20 1.76 1.32 Barnsley BS(£1,000+)(3) 2.20 1.76 1.32 Norwich and Peterborough BS(£1,000+) 2.20 1.76 1.32 Sainsbury's Bank(£5,000+) 2.10 1.68 1.26 FIVE YEARS Virgin Money(£1+)(11) 3.00 2.40 1.80 Shawbrook Bank (£5,000+) 2.75 2.20 1.65 BM Savings (£50,000+) 2.60 2.08 1.56 BM Savings (£25,000+) 2.50 2.00 1.50 State Bank of India(£10,000+) 2.50 2.00 1.50 All our best savings rates tables...
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Dear Reader,These tables are unique on the web. They are independent and providers are not forced to pay to appear, which is typically the case at big comparison sites.
Sylvia MorrisThey are completely unbiased - we simply show the best rates around and don't do 'featured deals'.
We've gone a step further, too. To feature in the best buys on variable rate accounts in our savings tables, an account must give you easy access to your money and come with no hidden catches.
In the past we have refused to include accounts where the rate is boosted by a short-term bonus or those with over-restrictive conditions so you only earn the advertised rate if you make three or less withdrawals a year.
But with interest rates so low, most of today's best deals have some sort of clause built in, whether that's a bonus or a restriction on withdrawals.
For that reason, we've included decent bonuses as long as they last for at least 12 months. This is to avoid you having to switch your account too often when short-term bonuses run out.
If there is a restriction on withdrawals we have made this clear in the notes on each account.
We also ignore old-style 'notice' accounts where the bank or building society can demand you give up to six months' notice that you want to take our money out while it can change the rate at any time without warning.
All banks and building societies are registered with the Financial Services Authority and signed up to the Financial Services Compensation Scheme, either directly (protecting up to £85,000) or via its passport scheme (where the compensation limit depends on the bank's home country. In Europe it is €100,000).
Sylvia Morris, This is Money savings tables expert
If you have a question about the tables email: sy.morris@dailymail.co.uk and editor@thisismoney.co.uk
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