Savings Accounts
There are two tables: the first table only shows accounts that meet our strict criteria:
- High interest rate - to maximise your return
- Instant or near-instant access - to pay credit card bill promptly.
- No penalty or limit for withdrawals
- The account can be managed by internet or phone.
- If a maximum holding amount exists, it is at least £30,000
- Introductory rates are ignored
- Minimum interest rate of 5.50% AER
The second shows accounts that have restrictions. e.g. the rate may be an introductory rate or there may be limitations on the withdrawals. The minimum interest rate in this table is 5.75% AER
| Company | Account | AER | Min | Max | Notes |
|---|---|---|---|---|---|
| Kaupthing Edge | eSavings | 6.55% | £1 | £1m |
 New Jan 08. Guarantee 0.3% > BoE until 02/10 |
| Birmingham & Midshires | e-Saver (2) | 6.52% | £1 | £5m |
New entry in June 08, rate increased by 0.1% 18/6 backdated to 3/6. Interest pai |
| Bradford & Bingley | Internet Saver 3 | 6.51% | £1 | £2m |
New issue 18/06/08. Issue 2 withdrawn |
| Intelligent Finance | iSaver | 6.40% | £1 | £ |
New entry July 08 |
| Anglo Irish Bank | Easy Access 2 | 6.40% | £500 | £ |
Issue 2 at 0.35% more than Issue 1. Phone only |
| Icesave | Online Savings | 6.30% | £250 | £2m |
Up from 6.05 on 26th June 08 |
| Firstsave | Savings 7 | 6.26% | £100 | £2m |
New entry |
| AKBank | Easy access | 6.25% | £1 | £ |
Rate unchanged since Oct 07! Phone only |
| ICICI | HISave | 6.16% | £1 | £ |
Down from 6.41 on 5/3/08 |
| Northern Rock | e-Saver | 6.00% | £1 | £250k |
New entry 16/5/8 |
| Principality BS | eSaver | 5.75% | £1 | £1m |
Down from 6% 1/5/08. Initial deposit by cheque |
| Yorkshire BS | Internet Saver | 5.70% | £1 | £1m |
Down from 5.75% 27/04/08 |
| Newcastle BS | Net Savings 7 | 5.58% | £250 | £250k |
Down from 5.83 12/5/08 |
| Sainsbury | Internet Saver | 5.50% | £1 | £ |
Down from 5.75% 1/5/08 |
| Birmingham & Midshires | Easy Access Saver | 5.25% | £1 | £2m |
Down from 5.5% 1/5/9 |
| Birmingham & Midshires | Direct Internet Saver | 5.25% | £1 | £2m |
Down from 5.5% 1/5/8 |
| BMW Finance | eSaver | 5.25% | £1 | £1m |
Down from 5.5% May/June 08 |
| Market Harborough BS | Onthedot 2 | 5.20% | £1 | £150k |
Down from 5.4% 22/5/08 |
| Capital One | Base Beater | 5.05% | £1 | £ |
Down from 5.30% 1/5/8. Base rate guarantee to 2010 |
| Cahoot | Saver | 5.00% | £1 | £ |
Down from 5.25 1/5/8. Balances of 250K to 500K earn 5.75% |
| Egg | Money | 4.00% | £1 | £ |
Not a savings account but an all-in-1 stooz. Card and savings in one. |
| Accounts which meet most criteria but have restrictions |
| Company | Account | AER | Min | Max | Notes / Restrictions |
|---|---|---|---|---|---|
| Anglo Irish Bank | 7 day notice | 6.55% | £500 | £ |
Increased fropm 6.1% |
| Abbey | Instant access Saver | 6.50% | £1000 | £2m |
New entry! Includes 1% bonus for 12 months |
| Alliance & Leicester | eSaver | 6.50% | £1 | £500K |
Incl. 0.88% bonus until 31/5/9. No interest in month of withdrawal. From 2/5/8 |
| Capital One | Easy Access (5) | 6.50% | £500 | £1m |
1% bonus for 12 months. |
| Citibank | Flexible Saver 4 | 6.43% | £1 | £1m |
Incl 12 month bonus of 1.62%. Underlying rate 4.74% AER |
| Citibank (Egg) | Egg internet | 6.30% | £1 | £5m |
1 year fixed then 4.75% |
| Saga (B&M) | Online Tracker | 6.26% | £1 | £5m |
Over 50s only but straightforward instant access. |
| Tesco | Internet Saver | 6.25% | £1 | £100k |
12 month bonus of 1.5% |
| Coventry BS | 50+ eSaver(4) | 6.25% | £1 | £250k |
Over 50s only. Fixed for 12 months. Rate change 4th June |
| Citibank | Reward Saver 2 | 6.15% | £1 | £500k |
6.35% fix for 9 mnth then var rate (currently 5%). No interest in withdrawal mon |
| ING Direct | Savings | 6.00% | £1 | £1m |
Include 1.19% bonus for 12 months |
| Post Office | Instant Saver | 5.75% | £500 | £1m |
Includes 1.5% bonus for 1 year. Max 6 free withdrawals. Down from 6% 8/5/08 |
| Asda | Internet Saver | 5.75% | £100 | £2m |
0.75% bonus for 12 months. Down from 6% 24/4/08 |
| The AA | Internet Access 1 | 5.73% | £500 | £500k |
0.2% bonus for 6 months. Rate down from 1/5/8 |
| The AA | Telephone Access 1 | 5.73% | £500 | £500k |
0.2% bonus for 6 months. Rate down from 1/5/8 |
| HSBC | Online bonus | 5.25% | £1 | £5000 |
Interest only 2.75% in month of withdrawal/closure. Replaces Online saver. Down |
Table | Savings Accounts |
What about cash mini-ISAs?
A cash mini-ISA is a special savings account in which the Government allows you to save up to £3600 per annum without paying tax on the interest earned. This means that a Stoozer could use it for the first £3600 of their Stooz money in any one year, thus earning interest without tax.
However, once you have paid £3600 into the account, you can not pay any more into the account in the same tax year ... even if you have withdrawn the original money paid in, so only use an ISA for your Stooz Pot if you are not already planning to use one for your normal savings. Besides, most Stoozers would hope to be able to build a stooz pot well in excess of £3,600! ISAs sometimes have interest rates a little higher than normal savings accounts, but we have excluded them from our tables because of the low maximum investment.
If you think that we have missed any useful stoozing accounts, why not tell us in the forums. Click HERE For details on the current Bank of England Base Rates