What is a high interest savings account?
A high interest savings account offers an interest rate for deposits that is higher than average, enabling savings to grow at a faster rate. There are many different types of high interest savings accounts, from easy access savings accounts to Cash ISAs to fixed rate accounts. Each type of high interest savings account has different features and benefits so you should make sure you understand what these are before opening one. There are many different ways to make finding a high interest rate easier, for example, you can use the Financial Services Authorities comparative tables or tables compiled by independent providers such as Moneysavingexpert, Moneyfacts, Moneysupermarket or Lovemoney. HiSAVE Fixed Rate Accounts regularly appear in Best Buy tables, so you can be confident you are getting some of the competitive interest rates available in the market. Our aim is to ensure we offer consistently high interest rates on our savings accounts, which are free from catches or penalties. For
