Find a savings account with a consistently good rate
With each base rate cut, savings providers are cutting rates by different amounts on each accounts. As a result it is hard for savers to know where to move their money to get the best deal.
Some people are happy to chase best buy deals, constantly switching their money from one provider to another, but many would rather find an account paying a consistently good rate.
Moneyfacts Consistency Survey Jan 2009
- 79% of the most consistent accounts are from building societies
- Principality BS has the most consistent products, with five products in the consistency tables
- Sainsbury’s Finance continues to dominate the internet savings consistency table
See below for full consistency details.
Michelle Slade, analyst at Moneyfacts.co.uk, comments:
“Savers are really having a difficult time at the moment, particularly those that rely on the income from their savings as their main source of income.
“With so many changes to rates going on in the market, it is difficult to know where to move your money to, as an account that tops best buys one minute may see its rate greatly reduced the next.
“The Moneyfacts consistency tables show the accounts that continue to pay a good rate of return. They may not be best buy rates, but had you left your money with them for 18 or 36 months, you would have achieved the best rate of return.
“If you are happy constantly switching your money then you can get higher returns, but many savers don’t have the time or inclination to keep moving accounts.
“Once again the percentage of accounts from building societies continues to increase, showing that savers shouldn’t just look to the big banks for the best deals.
“Taking five out of the 48 spaces, Principality BS has by far the most consistent products. Unlike many other providers it doesn’t constantly change the products it has on offer and maintains competitive rates of returns for its members.”
Cash ISA
Most consistent accounts over the last 18 months
Company |
Account |
Term |
Min |
Total Interest |
Gross % (AER) |
Egg |
Cash ISA |
None |
£1 |
£271.18 |
3.05% (3.05%) |
Principality BS |
e-ISA |
None |
£1 |
£269.61 |
3.10% (3.10%) |
Kent Reliance BS |
Direct Cash ISA |
None |
£1 |
£269.18 |
3.01% (3.01%) |
Tipton & Coseley BS |
Premier ISA |
30 Day |
£3600 |
£266.23 |
2.55%* (2.42%) |
Yorkshire BS |
e-ISA |
None |
£10 |
£258.27 |
3.30% (3.30%) |
Earl Shilton BS |
90 Day Cash ISA |
90 Day |
£10 |
£257.82 |
3.05% (3.05%) |
* = Introductory rate for a minimum of 6 months.
Based on interest earned on £3,000 in 18 months to 1 January 2009
Most consistent accounts over the last 36 months
Company |
Account |
Term |
Min |
Total Interest |
Gross % (AER) |
Kent Reliance BS |
Direct Cash ISA |
None |
£1 |
£529.59 |
3.01% (3.01%) |
Tipton & Coseley BS |
Premier ISA |
30 Day |
£3600 |
£518.44 |
2.55%* (2.42%) |
Yorkshire BS |
e-ISA |
None |
£10 |
£514.51 |
3.30% (3.30%) |
Earl Shilton BS |
90 Day Cash ISA |
90 Day |
£10 |
£509.03 |
3.05% (3.05%) |
Monmouthshire BS |
Cash ISA 2 |
30 Day |
£10 |
£502.01 |
2.75% (2.75%) |
Leek United BS |
Cash ISA |
Instant |
£1 |
£500.60 |
3.75% (3.75%) |
Based on interest earned on £3,000 in 36 months to 1 January 2009
Best Buys as at 21 January 2009
Company |
Account |
Term |
Min |
Current Gross %(AER) |
Consistent Product |
Dudley BS |
Cash ISA |
Instant |
£100 |
3.60% (3.60%) |
|
Standard Life Bank |
Cash ISA Direct Access |
None |
£1 |
3.50% (3.50%) |
|
Newcastle BS |
Reward Saver ISA |
120 Day |
£500 |
3.50%* (3.50%) |
|
Manchester BS |
Premier Instant ISA |
Instant |
£1,000 |
3.50% (3.50%) |
|
Yorkshire BS |
e-ISA |
None |
£10 |
3.30% (3.30%) |
36 months |
Harpenden BS |
Simply ISA |
Instant |
£1 |
3.25% (3.25%) |
|
* = Introductory rate for a minimum of 6 months.
Internet savings accounts (without bonus)
Most consistent accounts over the last 18 months
Company |
Account |
Term |
Min |
Total Interest |
Gross % (AER) |
Principality BS |
e-SAVER |
None |
£1 |
£90.33 |
3.07% (3.07%) |
Yorkshire BS |
Internet Saver |
Instant |
£1 |
£88.63 |
3.75% (3.75%) |
Sainsbury’s Finance |
Internet Saver |
None |
£1 |
£84.77 |
1.75% (1.75%) |
BMW Savings |
BMW eSaver |
None |
£1 |
£83.85 |
2.25% (2.25%) |
Market Harborough BS |
Onthedot Easy Access |
None |
£1 |
£83.50 |
3.50% (3.50%) |
Birmingham Midshires |
Direct Internet Savings |
None |
£1 |
£82.89 |
2.40% (2.40%) |
Based on interest earned on £1,000 in 18 months to 1 January 2009
Most consistent accounts over the last 36 months
Company |
Account |
Term |
Min |
Total Interest |
Gross % (AER) as at 1.1.09 |
Sainsbury’s Finance |
Internet Saver |
None |
£1 |
£167.57 |
1.75% (1.75%) |
Nationwide BS |
e-Savings |
None |
£1 |
£159.54 |
1.95% (1.95%) |
Coventry BS |
NetSave Instant lll |
Instant |
£1 |
£151.02 |
2.00% (2.00%) |
Norwich & Peterborough BS |
NetmasterGold Save ll |
None |
£1 |
£149.07 |
1.50% (1.50%) |
NatWest |
e-Savings |
None |
£1 |
£146.77 |
1.29% (1.30%) |
Halifax |
Web Saver |
None |
£1 |
£145.73 |
1.10% (1.10%) |
Based on interest earned on £1,000 in 36 months to 1 January 2009
Best Buys as at 21 January 2009
Company |
Account |
Term |
Min |
Current Gross %(AER) |
Consistently good Product |
Yorkshire BS |
Internet Saver |
Instant |
£1 |
3.75% (3.75%) |
318 months |
Tesco |
Internet Saver |
None |
£1 |
3.60% (3.60%) |
|
ICICI Bank UK |
HiSAVE Savings |
None |
£1 |
3.55% (3.55%) |
|
AA |
AA Internet Saver |
None |
£1 |
3.53% (3.59%) |
|
Ulster Bank |
eSavings |
None |
£1 |
3.45% (3.51%) |
|
Newcastle BS |
NetSavings Issue 7 |
None |
£250 |
3.34% (3.34%) |
|
No Notice savings accounts (without bonus)
Most consistent accounts over the last 18 months
Company |
Account |
Term |
Min |
Total Interest |
Gross % (AER) as at 1.1.09 |
Beverley BS |
Postal Account |
None |
£5000 |
£850.76 |
2.45% (2.45%) |
Birmingham Midshires |
Direct Telephone Savings |
None |
£1 |
£828.91 |
2.40% (2.40%) |
Teachers BS |
Call Save |
None |
£1 |
£823.58 |
2.10% (2.10%) |
Bath BS |
Direct Saver |
None |
£2500 |
£795.29 |
2.70% (2.70%) |
Britannia BS |
Direct Saver |
None |
£100 |
£792.83 |
2.00% (2.00%) |
Chesham BS |
Save Direct 2nd Issue |
None |
£2500 |
£792.36 |
2.00% (2.00%) |
Based on interest earned on £10,000 in 18 months to 1 January 2009
Most consistent accounts over the last 36 months
Company |
Account |
Term |
Min |
Total Interest |
Gross % (AER) as at 1.1.09 |
Beverley BS |
Postal Account |
None |
£5000 |
£1,654.20 |
2.45% (2.45%) |
Teachers BS |
Call Save |
None |
£1 |
£1,624.13 |
2.10% (2.10%) |
Britannia BS |
Direct Saver |
None |
£100 |
£1,579.50 |
2.00% (2.00%) |
Bath BS |
Direct Saver |
None |
£2500 |
£1,577.22 |
2.70% (2.70%) |
Chesham BS |
Save Direct 2nd Issue |
None |
£2500 |
£1,572.50 |
2.00% (2.00%) |
Principality BS |
Postal |
None |
£1 |
£1,533.96 |
1.80% (1.80%) |
Based on interest earned on £10,000 in 36 months to 1 January 2009
Best Buys as at 21 January 2009
Company |
Account |
Term |
Min |
Current Gross %(AER) |
Consistently good product |
Stroud & Swindon BS |
Bonus Guarantee |
Instant |
£500 |
3.75% (3.75%) |
|
Scarborough BS |
Balance Builder Issue 1 |
None |
£1 |
3.50% (3.50%) |
|
Stroud & Swindon BS |
Postal Account |
None |
£1000 |
3.50% (3.50%) |
|
Chelsea BS |
Rainy Day Savings Issue 3 |
Instant |
£10 |
2.85% (2.85%) |
|
Tesco |
Tesco Savings |
Instant |
£5,000 |
2.85% (2.85%) |
|
Birmingham Midshires |
Easy Telephone Savings |
None |
£1 |
2.75% (2.75%) |
|
Source: www.Moneyfacts.co.uk – the money search engine
Notice savings accounts (without bonus)
Most consistent accounts over the last 18 months
Company |
Account |
Term |
Min |
Total Interest |
Gross % (AER) as at 1.1.09 |
Chesham BS |
Save Direct 90 |
90 Day |
£10000 |
£853.93 |
3.25% (3.25%) |
Dunfermline BS |
Base Rate Tracker Issue 11 |
30 Day |
£100 |
£824.35 |
2.10% (2.12%) |
Halifax |
Extra Income Saver |
90 Day |
£5000 |
£790.26 |
1.75% (1.76%) |
Teachers BS |
Minster 90 Plus |
90 Day |
£5000 |
£785.29 |
1.50% (1.50%) |
National Counties BS |
Direct 90 Notice |
90 Day |
£5000 |
£779.50 |
2.06% (2.06%) |
Principality BS |
Monthly Income Issue 2 |
60 Day |
£1 |
£761.49 |
1.90% (1.92%) |
Based on interest earned on £10,000 in 18 months to 1 January 2009
Most consistent accounts over the last 36 months
Company |
Account |
Term |
Min |
Total Interest |
Gross % (AER) |
Teachers BS |
Minster 90 Plus |
90 Day |
£5000 |
£1,552.51 |
1.50% (1.50%) |
Halifax |
Extra Income Saver |
90 Day |
£5000 |
£1,544.96 |
1.75% (1.76%) |
National Counties BS |
Direct 90 Notice |
90 Day |
£5000 |
£1,533.05 |
2.06% (2.06%) |
Skipton BS |
Skipton Direct 30 |
30 Day |
£10000 |
£1,505.78 |
1.75% (1.75%) |
Principality BS |
Monthly Income Issue 2 |
60 Day |
£1 |
£1,501.08 |
1.90% (1.92%) |
Buckinghamshire BS |
Chiltern Gold Notice 90 |
90 Day |
£100 |
£1,490.02 |
2.80% (2.80%) |
Based on interest earned on £10,000 in 36 months to 1 January 2009
Best Buys as at 21 January 2009
Company |
Account |
Term |
Min |
Current Gross %(AER) |
Consistently good product |
FirstSave |
90 Day Notice |
90 Day |
£100 |
4.25% (4.25%) |
|
Secure Trust Bank |
60 Day Notice Issue 2 |
60 Day |
£2,000 |
4.17% (4.24%) |
|
FirstSave |
30 Day Notice |
30 Day |
£100 |
3.75% (3.75%) |
|
Derbyshire BS |
Postal 60 Triple Guarantee |
60 Day |
£250 |
3.55% (3.55%) |
|
Darlington BS |
Monthly Income Bond 2 |
50 Day |
£10,000 |
3.45% (3.51%) |
|
Whiteaway Laidlaw Bank |
90 Day Notice |
90 Day |
£1,000 |
3.26% (3.26%) |
|
Moneyfacts Group
Moneyfacts is the UK’s leading independent provider of personal financial information and our data is used and trusted throughout the financial industry.
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