14 December 2017 : 

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UK's total energy consumption used by the domestic sector has risen by 23pc in the past 35 years.

Source: Daily Telegraph (www.telegraph.co.uk)

Best UK Savings Accounts
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High Interest Savings Accounts

High interest savings accounts include Bonds, Fixed Term Accounts and Notice Accounts . In return for more restriction on when and how you can access your money, the financial institution providing the account will offer you a higher interest rate. Choose the best savings account from our table below, which is ordered by the interest rate offered.

Interest Rate
Min. Opening


Are there any restrictions on High Interest Savings Accounts?

These accounts give the highest rates but are the least flexible. The rate that you agree to at the beginning will be fixed for the term and won't fluctuate with the Bank of England rate. That does mean that if the Bank of England rate increases substantially, you won't see the benefit. However, by the same token, if the BoE rate falls your interest rate won't be affected.

As a more flexible, but still relatively high interest savings option, some banks offer Notice Accounts which require the customer to give a notice period before any withdrawal of money. Instant access from such accounts will usually result in a penalty charge. The notice period can vary from one week to six months but usually will be one to two months.

Unlike Bonds and Term Accounts, Notice Accounts have an interest rate that usually moves with the Bank of England rate, so it is not fixed throughout.

How to get the best from High Interest Savings Accounts

  • Make sure that any money you commit to a Bond or Notice account will not be needed - in most cases you will not be allowed access to it until the end of the term, or there will be a penalty for early release of funds.  Any such penalties can soon nullify the gains you've made through having the higher rate
  • Check all the details such as maximum withdrawal, minimum deposit and whether you can add to your deposit
  • If access to your money is not an issue then you can compare the highest rates
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Please ensure that you fully read the terms & conditions of any product or policy before you decide to proceed and are fully aware of the total costs and the benefits and any exclusions or limitations applicable to the product or plan.

Please note that the product links will take you direct to the Issuer or Insurer's site direct and we cannot be held responsible for the information which they provide within their own sites. On some comparison tables we use a star rating which rates products by visitor popularity.
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