If you’re looking for a safe space for your money to grow, you’re in the right place.
Savings are personal, because they need to fit around how you want to save. In our opinion, the best savings accounts are the ones that work with you, making saving simple, trusted and rewarding. And choosing where to save shouldn’t feel complicated.
Our savings accounts
Compare savings accounts
Compare personal savings accounts side by side, including savings rates, access options and whether an ISA or bond is right for you.
| Account type | Rate | Term | Rate type | Withdrawals | Balance | Benefits | More |
|---|---|---|---|---|---|---|---|
| Easy Access | 4.01% AER | No fixed term | Variable | Unlimited - access your savings any time | Minimum £1 up to a maximum of £250,000 | - Access your money any time. - Unlimited deposits and unlimited withdrawals. - Open multiple accounts for different savings goals. | Learn more |
| 1 Year Fixed Rate Bond | 4.69% AER | 1 year | Fixed | No withdrawals during your term. | Minimum £1,000 up to a maximum of £1,000,000 | - Guaranteed interest rate when you apply. - Great if you don't need access to your money right away. | Learn more |
| 2 Year Fixed Rate Bond | 4.67% AER | 2 years | |||||
| 3 Year Fixed Rate Bond | 4.59% AER | 3 years | |||||
| 5 Year Fixed Rate Bond | 4.60% AER | 5 years | |||||
| 1 Year Cash ISA | 4.61% AER | 1 year | Fixed | No withdrawals during your term. | Minimum £1,000 up to a maximum of £20,000 per tax year | - Guaranteed interest rate when you apply. - Earn tax-free interest. - New accounts only, we don't accept transfers in. | Learn more |
| 2 Year Cash ISA | 4.63% AER | 2 years | |||||
| 3 Year Cash ISA | 4.61% AER | 3 years | |||||
| 5 Year Cash ISA | 4.66% AER | 5 years | |||||
| Remember, the tax treatment of your savings will depend on your personal circumstances and may change in the future. | |||||||
About our personal savings accounts
We believe savings should be simple and earning interest should be easy. So, if there’s anything you need to run over or dip into, it’s all here:
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What is a personal savings account?
It’s a secure account where you can earn interest on your money. It’s designed for short, medium and long-term savings goals, allowing your money to grow over time through interest, which may be fixed or variable depending on the account.
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How does interest work on savings accounts ?
Interest is the money you earn on your savings. It’s usually calculated daily and paid monthly, quarterly, or annually depending on the account. There are two main types of interest: variable and fixed. Variable rates can go up or down over time and fixed savings rates will stay the same for a set period.
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Are savings accounts safe?
We work with fraud prevention partners and regulated financial institutions to help keep your money secure. All eligible deposits are protected by the Financial Services Compensation Scheme (FSCS), for up to £120,000 per eligible person. We also provide ongoing guidance to help you stay safe from scams.
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Who can open a personal savings account?
If you’re over 18 and living in the UK and a UK tax resident only, you can open a savings account with us. An Easy Access account, great for the casual saver, can be opened with as little as £1, while a Fixed Rate Bond or Cash ISA requires a minimum deposit of £1,000.
Help and support
Get help with your savings account, or find support with managing your money and staying safe online.
Personal savings accounts FAQs
Find more information about commonly asked savings questions here.
Yes, you can open more than one savings account to match your needs. Having a mix, for example, an Easy Access for emergency funds or short-term goals and Fixed Rate bonds or Cash ISA for longer-term goals.
From time to time, we stop offering certain products to new customers. You can view the list here.
Managing savings online is quick and easy with Hodge Bank. Our Easy Access accounts allow no notice, quick withdrawal and our Fixed Rate Bonds and our Cash ISAs allow you lock your money for the agreed term at a set interest rate.
Interest earned may be taxable unless held in an ISA, which offers tax-free savings within your allowance.
From as little as £1 for Easy Access accounts, and £1,000 for Fixed Rate Bonds and ISAs.
Choosing the best account for savings will depend on your goals. Easy Access suits flexible savers, Fixed Rate Bonds can work better for long-term planning (terms start from 1 year), and Cash ISAs offer tax-efficient savings. Remember, each personal savings account interest rates will differ.
A current account is designed for everyday spending, like paying bills and managing regular payments and spending. A savings account is designed to hold money you don’t need day-to-day, earning interest which helps it grow over time.
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