No notice period. Interest paid monthly or annually. Apply in minutes. Your eligible deposits with RCI Bank UK Limited are protected up to a total of £85,000 by the FSCS
Instant access to your savings. Unlimited deposits and withdrawals. Interest paid monthly, either to a linked current account, or adding it to your Online Flexi Saver account. Easy application process, you just need a UK mobile phone and UK driving licence or passport. Manage account online. Maximum balance £250,000. Must have a linked UK current account. Your eligible deposits with Investec Bank are protected up to a total of £85,000 by the FSCS
Save from £1. Unlimited payments and withdrawals. Interest paid annually. Open in a single or a joint name. Maximum deposit £500,000. Open and manage account online. FSCS Protected. Must be UK resident. Must be aged 16 or older
Choose monthly or annual interest payments. Unlimited deposits and withdrawals. 24/7 access to your savings. Open and manage online. After 12 months the rate will revert to the underlying rate, currently 1.45% gross/AER variable. Post Office Online Saver is provided by Bank of Ireland UK. FSCS protected
Unlimited withdrawals subject to 95 days notice. No notice period. Interest paid monthly or annually. Apply in minutes. Your eligible deposits with RCI Bank UK Limited are protected up to a total of £85,000 by the FSCS
The interest rate tracks the Bank of England (BoE) Base Rate. Interest is calculated on the minimum daily balance and applied to the account on the first day of every subsequent month. Open and manage account online. Your eligible deposits are protected up to £85,000 by the FSCS. The maximum deposit you may pay into any one OakNorth Account is £500,000. The maximum amount (excluding the interest) that you will be allowed to hold on deposit with OakNorth Bank across multiple accounts is also £500,000. Unlimited withdrawals, subject to 95 days notice. Available to individuals only
Unlimited deposits and withdrawals. Interest paid monthly: can be added to your Notice Saver or paid to your linked account. Easy application process, you just need a UK mobile phone and UK driving licence or passport. Manage account online. Maximum balance £250,000. Withdrawals subject to 90 days notice. Must have a linked UK current account
All funds deposited into the RCI Bank E-Volve Savings 14 Day Notice Account will be used to fund pure electric vehicles and charging facilities. Interest paid monthly or annually. Manage account online. UK-based support, seven days a week. Unlimited withdrawals subject to 14 days notice. Your eligible deposits with RCI Bank UK Limited are protected up to a total of £85,000 by the FSCS
3 penalty-free withdrawals in a 12 month period. 4.72% AER/4.62% gross (3.82% AER/3.75% gross + 0.90% AER/0.87% gross 12-month boost). Interest paid monthly. Deposit and withdraw almost instantly. No fees or charges for holding account. FSCS eligible on your deposits. 3.62% AER/3.55% gross if 4 or more withdrawals are made within 12 months (on boosted rate). 2.72% AER/ 2.68% gross if 4 or more withdrawals are made within 12 months (without 12 month boost). Must be UK resident. Must be aged 18 or older
When looking for a savings account, you need to find the one that suits you the best to help your savings grow as fast as possible.
The amount of savings you have, how long you are prepared to put your savings away for and the amount of interest you are looking to receive, will heavily determine your decision.
Below are some of the best savings options on offer from the Bank of China.
Traditionally, current accounts have had some of the lowest interest rates on the market. However, there are some banks that have hiked their current account interest rate to inspire new custom.
The high interest current accounts usually come with requirements such as a minimum monthly balance and a compulsory number of direct debits. In addition, there is often a threshold over which the current account will not pay interest.
Therefore, if you have savings over the interest-paying limit you might want to deposit the excess capital elsewhere.
The Bank of China currently offer a Foreign Currency Current account, which requires a minimum deposit and balance but pays a competitive interest rate.
An instant access account may be an attractive option, if you require an account where you can readily access your savings.
The Bank of China also offer a Foreign Currency Savings account, which allows you to access your savings at your convenience and provides a comparatively high interest rate.
Putting away a small amount of money each month can allow you to build up significant savings over time. Regular savings accounts are designed for this approach and tend to offer good interest rates, as long as you can commit to making a minimum deposit each month.
The Bank of China have a range of regular savings accounts called Monthly Deposit Savings Plans. These Plans provide competitive interest but require regular contributions every month. This might not be the best option, if you cannot commit to paying a certain amount into your savings regularly.
