high interest savings account

What is a high interest savings account?

Why should I save in a high interest rate savings account?

What high interest savings accounts does Icesave offer?


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 mini cash ISAs to fixed rate bonds. 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.


Why should I save in a high interest rate savings account?

Often people have surplus cash that they do not immediately intend or need to use.  Maybe this cash is unused salary or a gift from a relative.  Whatever the source of the cash everyone should make sure it is working as hard as possible for them.  One of the best ways to do this is to open a high interest savings account and finding the best high interest savings account could make your savings grow even faster.   


What high interest savings accounts does Icesave offer?

Icesave offers a range of high interest savings accounts.  Unlike many banks not only do we offer high interest rates but we also ensure our online savings accounts are simple and transparent.  This means you don’t need to worry about any hidden catches or penalties. Our high interest savings accounts include:

  • Easy Access Savings Account – a no notice online savings account with a long term interest rate guarantee.    
  • Fixed Rate Savings Account – an online savings account that allows savers to save a lump sum for a fixed term and benefit from a high fixed interest rate.
  • Easy Access ISA – a tax free savings account with a long term interest rate guarantee.

All our online savings accounts can be opened and managed online, quickly and easily, at Icesave.co.uk.