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Searching for the best deposit interest rates

There are ways and means of figuring out exactly what the best deposit account interest rates are so that is what we are here to help with. You could go individually to each and every banks website and find the rate for each of their accounts and compare them against each other. Or alternatively you could just use a comparison website and let the internet do the work for you.

A great place to start is by looking at www.interest-rates.org.uk/ukcomparison.htm. This website is neat and tidy and you are asked to enter how much money you would initially like to deposit. You are also asked the number of days that you can lock your cash away for (If you are not interested in fixed term accounts then simply enter 0 in this text box).

You will then get to view a long list if different accounts from a range of British Banking institutions. Information that you can view on this list includes gross interest rate, AER %, the minimum amount needed to open the account, the maximum amount you can save and how often interest is paid into the account.

Another place to view the best deposit account interest rates and other saving information is Money Saving Expert. You can find so much information on savings accounts and the right accounts for your money on here as well as retrieving a list of fantastic UK deposit accounts. Visit www.moneysavingexpert.com/savings for more information and to find a great account.

 

 

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