Now you can get 1.95% on a one-year savings bond

Rates on fixed rate bonds continue to edge up. Atom Bank has raised the rate for new savers in its one-year bond to 1.95 per cent while Secure Trust now pays 1.81 per cent.

Savers looking to roll over their maturing one-year bonds now can earn more interest this year. Twelve months ago, the top rate was 1.4 per cent. 

In the High Street, you earn less. Top rates include Hinckley & Rugby BS’s new bond at 1.4 per cent, Dudley BS 1.31 per cent and 1.3 per cent from Leeds BS.

For two years you earn marginally more. Atom offers the top rate of 2.1 per cent while OakNorth and Paragon Banks pay 1.96 per cent.

On easy-access accounts, online bank Ford Money has raised the rate on its Flexible Saver to 1.22 per cent for both new and existing savers.

Tesco Bank easy-access rate is now 1.3 per cent for new savers – but this rate includes a bonus payable for 12 months, after which the rate drops to 0.55 per cent. 

Post Office Online Saver 28 also pays 1.3 per cent but only for a year. After that it pays 0.25 per cent.

RCI Bank’s online Freedom account continues to pay a top 1.3 per cent with no bonus. 

With this account your money is covered up to €100,000 (about £87,500) under the French compensation scheme, rather than the UK Financial Services Compensation Scheme.