High 5 Account Issue 2

Each Tuesday (or on the next Working Day, if this is not a Working Day), Moneyfacts will select the five highest rates to calculate the interest rate applicable to the account from any of the following three categories: (1) easy access – no bonus; (2) notice accounts; and (3) monthly interest accounts. Moneyfacts will only include in its calculation accounts provided by an Eligible Provider.
 
A bank or building society is considered an Eligible Provider, should they hold £5bn or more in consumer deposits and are FSCS protected. Moneyfacts lists brands under one banking licence separately. For the High 5 selection, brands are grouped based on sharing the same banking licence. If one brand is an Eligible Provider, all brands under that banking licence will be classified as an Eligible Provider too. Only one brand per grouping will be selected for the calculation and this will be based on which brand pays the highest rate.
 
The rates for the High 5 Account in 2020, and the five highest savings rates from which the High 5 Account's rate was calculated for that period, can be found below. Please click on the tabs to see the rates for previous years.
 
The interest rates shown below are ‘gross’ rates with the exception of Investec High 5 Account which is ‘gross AER’. 'AER' stands for the Annual Equivalent Rate and illustrates what the interest rate would be if interest was paid and compounded once a year. ‘Gross’ is the interest rate paid before the deduction of tax.