Compare Telephone Savings Accounts

Compare the best telephone savings accounts available in the UK and find the best interest rates for phone-based saving accounts in minutes. Our dedicated telephone savings accounts comparison table makes finding the right home for your savings simple and straight-forward.
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Aldermore Customised Fixed Rate Business Savings Account
Account TypeOpen WithInterest Rate (AER)Protection SchemeOpen AccountPhone Access
Business Term Account£1,0001.25% to 3% fixed
for 60 days to 5 years
FSCSOnlineyes
The longer the term you select, the higher the interest rate. The interest rate will remain fixed for the duration of the term.
 
Halifax 5 Year ISA Saver Fixed
Account TypeOpen WithInterest Rate (AER)Protection SchemeOpen AccountPhone Access
Cash ISA£5002.50% fixed
for 5 years
FSCSOnline, Branch & Phoneyes
No withdrawals allowed except on early closure subject to the loss of 365 days gross interest.
 
Halifax 4 Year ISA Saver Fixed
Account TypeOpen WithInterest Rate (AER)Protection SchemeOpen AccountPhone Access
Cash ISA£5002.40% fixed
for 4 years
FSCSOnline, Branch & Phoneyes
No withdrawals allowed except on early closure subject to the loss of 320 days gross interest.
 
Halifax 3 Year ISA Saver Fixed
Account TypeOpen WithInterest Rate (AER)Protection SchemeOpen AccountPhone Access
Cash ISA£5002.25% fixed
for 3 years
FSCSOnline, Branch & Phoneyes
No withdrawals allowed except on early closure subject to the loss of 270 days gross interest.
 
Halifax 2 Year ISA Saver Fixed
Account TypeOpen WithInterest Rate (AER)Protection SchemeOpen AccountPhone Access
Cash ISA£5002.05% fixed
for 2 years
FSCSOnline, Branch & Phoneyes
No withdrawals allowed except on early closure subject to the loss of 180 days gross interest.
 
Halifax 18 Month ISA Saver Fixed
Account TypeOpen WithInterest Rate (AER)Protection SchemeOpen AccountPhone Access
Cash ISA£5002.00% fixed
for 18 months
FSCSOnline, Branch & Phoneyes
No withdrawals allowed except on early closure subject to the loss of 135 days gross interest.
 
Aldermore 3 Year Fixed Rate Cash ISA
Account TypeOpen WithInterest Rate (AER)Protection SchemeOpen AccountPhone Access
Cash ISA£1,0002% fixed
for 3 years
FSCSOnline, Phone & Postyes
 
Aldermore 1 Year Fixed Rate Bond
Account TypeOpen WithInterest Rate (AER)Protection SchemeOpen AccountPhone Access
Business Term Account£1,0001.85% fixed
for 1 year
FSCSOnline & Phoneyes
 
Aldermore 2 Year Fixed Rate Cash ISA
Account TypeOpen WithInterest Rate (AER)Protection SchemeOpen AccountPhone Access
Cash ISA£1,0001.8% fixed
for 2 years
FSCSOnline, Phone & Postyes
 
Halifax 1 Year ISA Saver Fixed
Account TypeOpen WithInterest Rate (AER)Protection SchemeOpen AccountPhone Access
Cash ISA£5001.65% fixed
for 1 year
FSCSOnline, Branch & Phoneyes
No additional deposits or withdrawals. Early closure is allowed subject to the loss of 90 days tax free interest.
 
Aldermore 6 Month Fixed Rate Bond
Account TypeOpen WithInterest Rate (AER)Protection SchemeOpen AccountPhone Access
Business Term Account£1,0001.6% fixed
for 6 months
FSCSOnline & Phoneyes
 
Halifax ISA Saver Variable
Account TypeOpen WithInterest Rate (AER)Protection SchemeOpen AccountPhone Access
Cash ISA£11.50%
inc. 1.00% bonus
for 12 months
FSCSOnline, Branch & Phoneyes
 
NatWest Cash ISA
Account TypeOpen WithInterest Rate (AER)Protection SchemeOpen AccountPhone Access
Cash ISA£11.5% variable
on £25,000+
FSCSOnline, Branch & Phoneyes
 
RBS Instant Access ISA
Account TypeOpen WithInterest Rate (AER)Protection SchemeOpen AccountPhone Access
Cash ISA£11.5% variable
on £25,000+
FSCSOnline, Branch & Phoneyes
 
Aldermore 30 Day Notice Account Issue 5
Account TypeOpen WithInterest Rate (AER)Protection SchemeOpen AccountPhone Access
Notice£1,0001.25% variableFSCSOnline, Phone & Postyes
 
NatWest Instant Saver
Account TypeOpen WithInterest Rate (AER)Protection SchemeOpen AccountPhone Access
Instant Access£10.5% variableFSCSOnline, Branch & Phoneyes
 
RBS Instant Saver
Account TypeOpen WithInterest Rate (AER)Protection SchemeOpen AccountPhone Access
Instant Access£10.5% variableFSCSOnline, Branch & Phoneyes
 
First Direct Regular Saver Ex/C
Account TypeOpen WithInterest Rate (AER)Protection SchemeOpen AccountPhone Access
Regular Saver£256% fixed
for 1 year
FSCSOnline & Phoneyes
This product is only available to existing customers.
 
HSBC Regular Saver (Premier, Advance, Passport) Ex/C
Account TypeOpen WithInterest Rate (AER)Protection SchemeOpen AccountPhone Access
Regular Saver£256% fixed
for 1 year
FSCSBranch & Phoneyes
This product is only available to existing customers.
 
M&S Bank Monthly Saver
Account TypeOpen WithInterest Rate (AER)Protection SchemeOpen AccountPhone Access
Regular Saver£256% fixed
for 1 year
FSCSOnline, Branch, Phone & Postyes
This product is only available to M&S Premium Current Account holders.
 

We provide an independent comparison service free of charge but we may receive a commission from some of the companies we refer you to. These are displayed with blue product names.

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How to Find the Best Telephone Savings Accounts

If you find it hard to get down to your bank but still want to talk to someone about your savings, an account you can manage over the phone might just be the next best thing. Here’s a rundown of how to get the best.

Lady On Phone Floor

Internet banking might be the next big thing, but sometimes it’s quicker and easier to manage your money by picking up the phone and making a call.

If you want to shop around and compare telephone savings accounts but are unsure where to start, here are the key points that you’ll need to think about.

What are the benefits of telephone access savings accounts?

The main advantage of opening and managing your savings account over the phone is that it’s more convenient if you’re always on the go and can’t access the internet very often.

If you’re not that used to using a computer for online banking or just feel happier talking to someone about your money, then phone access accounts can offer the peace of mind you need.

Many phone accounts can in fact be managed in various ways – including by post and online – providing you with complete control over your cash.

Compare telephone savings accounts

When you get around to making a telephone savings accounts comparison, or any savings account for that matter, you should think about:

Interest rates

When comparing the best telephone savings accounts the first thing you’ll see are the interest rates advertised. There’s not much point having such an account if it’s not going to offer a decent return on your investment.

While the account with the highest rate might seem like the best, it’s not quite that simple.

You must check the small print to make sure your savings are eligible for the headline rate – e.g. matching the minimum opening deposit or having restricted access during the account’s term (you need to be happy to lock your money away).

Likewise it’s important that you consider whether you want a fixed or variable rate. If you choose fixed then the amount of interest earned will stay consistent, while variable rates can rise or fall meaning you might make a handsome profit – or hardly any.

Fixed interest accounts

Generally the longer you choose to leave your money in a fixed savings account, the higher the rate of interest you’ll be offered. The minimum is a one year account, the maximum is usually five years. The question you have to ask yourself is, will you need your money sooner or later?

If you saved funds specifically to deposit in a telephone savings account UK and want to earn as much interest as possible, you might be happy to leave it alone for up to five years.

On the other hand, if you want to make a profit but are unsure about how long you can afford to be without your cash, then a shorter term option might be a better option.

Fixed accounts may still allow you to withdraw money and close the account early, in an emergency, although they’ll usually knock off some of your interest earned for that year as a penalty.

Types of telephone savings account

Other kinds of telephone savings account might allow different levels of access.

For example cash ISAs allow you to save tax free which means you get ALL of the interest your money earns. These are also split into fixed and easier-to-access variable interest accounts.

Remember that if you want to close a fixed term ISA early, you won’t be able to deposit into a second ISA until the next tax year (you can put it back into the first if you’d still be within your ISA limit).

If fixing isn’t for you, you’ll need to compare phone savings accounts that allow access to your money to greater or lesser degrees; including ISAs.

Instant access savers provide the most leeway in terms of how much you can deposit and how often you can get your cash out; the downside is interest rates are not only lower than they are for ISAs but are likely to be variable too.

Other access accounts – known as notice accounts – allow you free withdrawals but may impose a 30 day or 60 day delay before they’ll release it to you.

Lastly, regular savings accounts offer high interest and can provide a good return on your investment, but come with strict conditions that you must check carefully to ensure you maintain the rate throughout.

Most have limits on how much (and how little) you can deposit while if they include a bonus the best rates may only last 12 months – before dropping significantly. Once they fall you’ll need to compare telephone savings accounts again and move your cash to get a better rate elsewhere and avoid earning a pittance.

Make sure that the account terms and rates match your needs when you compare telephone accounts, so your money is working hard for you. For more on how you can find the best telephone savings accounts ask a question in our Q&A section or check our guide Your savings – where to start.

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