Best savings rates: Savings platforms to manage your money in one place – with easy-access, fixed-rates and notice accounts and bonus boosters
- We reveal the top deals from savings platform Raisin
- Sometimes you can boost the rate on your savings using a platform
- You can manage your savings cash under one roof and grab a bonus
A new wave of savings platforms have emerged in recent years which help savers keep track of their accounts more easily and move money into better rates after signing up.
They might not always offer the best rates on the market, but allow you to manage multiple accounts in one place.
Sometimes, they have sign-up bonuses that can help boost rates to make them better than what is on offer elsewhere and also offer Financial Services Compensation Scheme protection.
Hargreaves Lansdown has launched a ‘cashback’ incentive aimed at enticing savers to sign-up and use its savings platform.
| You pay in | Your cashback |
|---|---|
| £10,000 – £19,999 | £20 |
| £20,000 – £29,999 | £30 |
| £30,000 – £49,999 | £40 |
| £50,000 – £79,999 | £50 |
| £80,000 or more | £100 |
The incentive allows savers using its Active Savings Account to boost their rate when they deposit £10,000 or more into one of its deals.
The amount of cashback savers will receive will depend on how much you put in. For example, those putting £10,000 in will secure £20, whilst those putting in £80,000 will secure £100.
To qualify, savers need to open an account by 30 June this year, add at least £10,000 by debit card and choose their savings product within 60 days.
The savings platform, Raisin, is also currently offering a £25 welcome bonus to This is Money readers, but they must open a new Raisin Account via this link or any link originating from our website.
It offers savers the chance to boost their savings by £25 when they open and fund an account on its marketplace with a minimum of £10,000.
It is also offering a £25 refer a friend bonus, which means you’ll also receive £25 for every friend you refer who funds a savings account with £5,000 or more.
If you successfully refer to friends who go on to fund their Raisin account with £5,000, that could mean securing yourself £50.
Each of your friends will also receive £25 when they fund a savings account with a minimum duration of 6 months with £5,000 or more.
Rivals to Raisin include Hargreaves Lansdown Active Savings, Flagstone, AJ Bell’s Cash Savings Hub, and Aviva Save.
Below we round up the top rates with Raisin and reveal whether they beat the best buys in our independent This is Money savings tables.
| Deal | Rate | Rate with cashback and £10k | Does it beat the best buy? |
|---|---|---|---|
| Paragon Bank | 1.14% | 1.34% | No |
Compare the best DIY investing platforms and stocks & shares Isa
Investing online is simple, cheap and can be done from your computer, tablet or phone at a time and place that suits you.
When it comes to choosing a DIY investing platform, stocks & shares Isa or a general investing account, the range of options might seem overwhelming.
Every provider has a slightly different offering, charging more or less for trading or holding shares and giving access to a different range of stocks, funds and investment trusts.
When weighing up the right one for you, it’s important to to look at the service that it offers, along with administration charges and dealing fees, plus any other extra costs.
To help you compare investment accounts, we’ve crunched the facts and pulled together a comprehensive guide to choosing the best and cheapest investing account for you.
We highlight the main players in the table below but would advise doing your own research and considering the points in our full guide linked here.
>> This is Money’s full guide to the best investing platforms and Isas
| Admin charge | Charges notes | Fund dealing | Standard share, trust, ETF dealing | Regular investing | Dividend reinvestment | ||
|---|---|---|---|---|---|---|---|
| AJ Bell YouInvest | 0.25% | Max £3.50 per month for shares, trusts, ETFs. | £1.50 | £9.95 | £1.50 | 1% (Min £1.50, max £9.95) | More details |
| Bestinvest | 0.40% | Account fee cut to 0.2% for ready made investments | Free | £4.95 | n/a | n/a | More details |
| Charles Stanley Direct | 0.35% | No platform fee on shares if a trade in that month and annual max of £240 | Free | £11.50 | n/a | n/a | More details |
| Fidelity | 0.35% on funds | £45 fee up to £7,500. Max £45 per year for shares, trusts, ETFs | Free | £10 | Free funds £1.50 shares, trusts ETFs | £1.50 | More details |
| Hargreaves Lansdown | 0.45% | Capped at £45 for shares, trusts, ETFs | Free | £11.95 | £1.50 | 1% (£1 min, £10 max) | More details |
| Interactive Investor | £119.88 as £9.99 per month | £7.99 per month back in trading credit | £7.99 | £7.99 | Free | £0.99 | More details |
| iWeb | £100 one-off | £5 | £5 | n/a | 2%, max £5 | More details | |
| Freetrade | Free for standard account £3 month for Isa | Freetrade Plus with more investments is £9.99/month inc. Isa fee | No funds | Free | n/a | n/a | More details |
| Vanguard | 0.15% | Only Vanguard funds |
Free | Free only Vanguard ETFs | Free | n/a | More details |
| (Source: ThisisMoney.co.uk March 2022. Admin charges quoted annually, may be monthly or quarterly) |
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