Best UK savings accounts offering above inflation rates
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Aug 23 2024
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Source: Yahoo Finance
High-Yield Savings Accounts: Amid the cost of living crisis, UK households are encouraged to explore high-yield savings accounts, which currently offer rates above inflation, with some accounts providing over 5% interest as the Bank of England has recently cut interest rates.
Types of Savings Accounts: Consumers should consider the differences between easy-access and fixed-term savings accounts, as well as notice accounts, to maximize returns; various banks offer competitive rates, including Virgin Money's leading regular saver account at 10.38%.
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About BCS
Barclays PLC is a diversified bank with five divisions comprising Barclays UK, Barclays UK Corporate Bank, Barclays Private Bank and Wealth Management, Barclays Investment Bank and Barclays US Consumer Bank. The Barclays UK division represents businesses that sit within the United Kingdom ring-fenced bank, Barclays Bank UK PLC and its subsidiaries, and comprises Personal Banking, UK Business Banking and Barclaycard Consumer UK. The Barclays UK Corporate Bank division offers lending, trade and working capital, liquidity, payments, and FX solutions for corporate clients. Barclays Private Bank and Wealth Management division comprises the Private Bank, Wealth Management, and Investments businesses. Barclays Investment Bank division incorporates the Global Markets, Investment Banking, and International Corporate Banking businesses. Barclays US Consumer Bank division represents the United States credit card business, focused on the partnership market, as well as an online deposit franchise.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
