Are you looking for savings accounts with high interest?

These days it's absolutely essential that you do everything you can in order to make sure that your money works as hard as it possibly can for you. Since things are still extremely tight financially for most people following the global recession, the effects of which are still being felt, it's very important that you put your savings in the right kind of account.

The problem is that the majority of people in the United Kingdom seem to be happy just to let their money rest in their bank accounts without even so much as considering the interest rates available with other financial institutions. This is the wrong approach to take in our opinion, because not only does it cost you money in the long run, but it also does nothing to encourage banks to come up with great deals in order to encourage people to bank with them - which obviously isn't great for the consumer.

So, even if you do end up staying with your current bank, we very much recommend that you take a look at what else is available out there in order to make an informed decision about which account is right for you.

In order to give you a helping hand, we have decided to take a look at some of the best savings accounts with high interest currently available in the United Kingdom. Our top two choices are the Nationwide MySave Online Plus account which offers savers a 3.12% AER with an additional bonus of 1.58% for the first 12 months. It's worth noting that you will need to invest a miniumum of £1,000 to get this account started though, so it might not be for everyone.

If you're looking for something with a lower initial commitment, then we recommend you take a look at the ING Direct Savings Account. This account pays savers 3.10% AER with a 2.56% gross bonus on interest built up in the first 12 months. You can open this account with a payment of just £1, making it ideal for those of you with less money floating around than you would like.

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