BEST SAVINGS: April 2024 update inc British Savings Bonds & Chase/Santander cuts

Find out which savings accounts will pay you the best rates right now in my latest roundup.

*Find the latest accounts in my regularly updated savings account best-buy article over on our site

*More on these updates on the blog
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W A T C H N E X T

Updates on the best savings, current accounts and credit cards

Regular Savings accounts explained

#Savings #HighInterest #BestSavingsAccounts


TIMESTAMPS

00:00 Inflation and base rate update
01:36 Are rates better or worse than last month
03.10 Santander and Chase to cut rates
05:00 Best Easy Access accounts - up to 7%
09:30 New British Savings Bond
11:50 Best fixed rate savings - up to 5.26%
12:30 Best regular savers - up to 7%
14:32 Best ISAs, including Plum 5.17%

MORE

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A B O U T A N D Y

DISCLAIMER
Content in these videos does not constitute regulated financial advice. Any offers mentioned were correct at the time of filming.

[OH-cjif]

NS&I did everyone a favour last year with that 6.2% 1year bond!

[WoodyWanderer]

Paragon is the best for easy access . But once my Santander is set up I’m going use there 7% up to 4k

[kinggeoffrey]

I have a fixed year account with Santander, it was supposed to be fixed at 5.2% until September. They are now reducing it to 4.2% in May.

[williamroberts]

So the same government that was warning banks last year they need to offer savers better rates has come out with a savings bond that isn't even competitive with the stingy rates offered by the banks, great job!

[patpalloon]

Hi Andy, feeling a bit miffed with Chase. I thought I had complied with the change in cash back by paying in £1500 to my savings account in March to qualify for April. But the new cashback doesn't start til April 23 and because I didn't pay £500 in to my Chase current account I didn't qualify for 1-23 April.

[stevenwoollard]

I have a question around how the interest rates work! I am very new to the savings game and trying my best to sort out my financials so hopefully someone can help!
I see Moneybox has the 5.16% * AER (variable) offer.
If I was to deposit say £500 a month into that account, every month for the year, would the interest be compounded and total up to a higher amount or would it work out to be just a 5.16% increase on top of what I have deposited total?

Any help on what is most likely a silly question would be greatly appreciated!!

[andyh]

I guess it's worth going with a fixed ISA over those EA ones even though the EA accounts offer slightly better rates. No doubt those rates will start to tumble below the highest Fixed rates at the moment over the next couple of months anyway.

[jno]

Skipton B/s have an 18 month fixed cash ISA at 4.75% or a 30 months fixed cash ISA at 4.5%……do you think rates will fall so that you’d gain more than the .25% loss from the first 18 months in the last 12 months….?

I think it’s a possibility

[timlay]

your missing the Monument Easy Access 5.11% (min £10K though)

[olubodundavid]

Hey Andy,

The Cahoot Sunny Day Saver at 5.2%, are the interest paid monthly or at the end of the year?

[cariyunis]

What about virgen money?defined access E- saver is worth it?

[nothingtosee]

Saving rates are just too low, they need increasing to encourage savers..

[bosshood-lvbo]

is there any point now having in saving bank accounts as the new limit will only be 500 and the rest will be taxed so i think it better of to put in a cash ISA for my money now.

[DatGuy-jzse]

For those considering the Trading 212 ISA to take advantage of the 5.2%, it’s worth noting that it’s currently a non-flexible ISA.

[alibali]

I can't save more at the moment because I have a benefits top up. If I save more I will be worse off. Instead I am choosing to make regular mortgage overpayments

[AdyWalter]

Did Ulster change their savings account? I have the Ulster Loyalty saver paying 5.2% and dont have a current account with them. I opened it in December last year..

[rodneykitchen]

Gold is the best investment overall with no middle men

[annax]

First direct 7% regularly saver £300 pm max

[spoon]

Charter through monzo. Next day access isa 4.8%, also monzo standard easy access isa is 4.1%.great now we can have multiple ISA

[adamingleton]

Chase have just announced a 5.1% account, (09/04/24) got an email today