The best one and two-year accounts are now paying out more than 4.80% while the best three-year account is paying more than 4.90%.

Top of the charts is a one-year account from Vanquis which now pays 4.81% interest but it has stiff competition.

For savers who don’t want to lock their money away, the best easy-access savings accounts are now paying 0.10% more than a week ago.

Here we look at the Moneyfacts best savings accounts of the week.

Best savings accounts

The rate has increased on the Al Rayan Bank 18-month Fixed Term Deposit account to 4.72% in expected profit. Profit can also be paid quarterly at a rate of 4.80% and the minimum opening amount is £5,000 with this account. It can be opened and managed online, by phone, or by the mobile app.

Castle Trust Bank has also upped the rate of its Fixed Rate e-Cash ISA to 4.25%. It can be opened with £1,000 and access is permitted, subject to a 90-day loss of interest and closure of the account. It can be opened and managed online or via the bank’s mobile app.

Another rate increase was applied to the Shawbrook Bank Two Year Fixed Rate Cash ISA Bond Issue 70 and it now pays 4.31% gross interest. Interest can be paid monthly or on the anniversary of the account and it has a minimum opening amount of £1,000. Access is allowed but will result in a 180-day loss of interest penalty and it can be opened online and also managed online or on the phone.

There is a new 60 Day Notice Cash ISA Issue 1 from Skipton Building Society which pays 3.40% and can be opened with £1. You can open and manage it online, by phone, by post or in a branch. A new notice account has also been launched by StreamBank, the 90 Day Notice Account Issue 1 which pays 3.78% interest and can be opened online with £1,000.

The best easy-access savings accounts

This week the top spot goes to Shawbrook Bank with its Easy Access Issue 35 paying 3.65% thanks to a rate increase. Interest can be paid monthly or on anniversary and it can be opened with £1,000. It can be opened online and also managed on the phone.

The next-best accounts are the following:

1. Aldermore’s Double Access Account Issue 1: Paying 3.55% this online account can be opened with a minimum of £1,000 and interest can be paid monthly or on anniversary.
2. Chip’s Instant Access powered by ClearBank: This account also pays 3.55% but can be opened with £1. It can be opened and managed with a Chip subscription, via the Chip app. The basic version is free and the premium is £4.99 every 28 days.
3. HSBC’s Online Bonus Saver: The third spot is this account paying 3.50% on balances below £10,001. A rate of 2% applies to balances over this amount. You’ll need an HSBC current or savings account to open one and it can be opened online and managed in a branch or on the phone.

This week’s best fixed-rate savings accounts

This week Vanquis Bank is in the top spot with its One Year Bond paying 4.81% which can be opened with £1,000. Interest can be paid monthly or on anniversary with this online account.

The second and third spots go to accounts from Al Rayan Bank. The second-place is the Raisin UK – 2 Year Fixed Term Deposit account paying 4.85%. There is an option of yearly or quarterly profit (as there are two accounts to choose from) and one can be opened with £5,000.

The bank also has a Raisin UK – 3 Year Fixed Term Deposit account (which also has two accounts so you can choose how you will be paid interest). It pays an expected profit rate of 4.90%.

This week’s best notice accounts

For notice accounts, the top savers are the RCI Bank E-Volve Savings 14 Day Notice Account paying 3.30% with interest paid monthly or at anniversary. It can be opened with £1,000 and all funds deposited will be used exclusively to finance electric vehicles, charging points and future green transportation projects and the Cynergy Bank’s Online Notice Saver (Issue 2) paying 3.55% interest with a 35-day notice period which can be opened with £500.