Best savings accounts in the UK

So by now you’ve probably heard of the term ‘Best Buys’ being used for financial products like savings accounts, mortgages, loans and credit cards?

Rather interestingly www.which.co.uk have recently been looking at the best savings accounts in the UK. Which? say that while choosing a good deal is probabaly the main reason people go for a savings account you should also consider customer satisfaction; things like overall service, frequency of statements and if the provider keeps you updated with new offers and so on..

Which? have rated 25 banks and building societies and the winner was Co-Operative Bank with an 80 per cent customer satisfaction score. Second was First Direct with a 78 per cent satisfaction score. The good thing here is that all banks included in the Which? survey are fully covered by the UK’s Financial Services Compensation Scheme (FSCS) http://www.fscs.org.uk/ - The FSCS covers you for up to £50,000, per person, per authorised banking group. Check out www.which.co.uk/savings to see their latest best buys.

Rather alarmingly the worst scores in the Which? survey were acheived by Halifax with 52 per cent, Barclays with 49 per cent and Abbey with just 43 per cent.

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