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Interest Rates on UK Savings Accounts since 1980

Year Annual Average
 
20210.35
20200.64
20191.39
20181.18
20171.00
20161.23
20151.40
20141.48
20131.77
20122.80
20112.75
20102.80
20092.21
20085.09
20075.55
20064.68
20054.92
20044.56
20033.73
20023.68
20014.64
20005.47
19994.71
19986.33
19975.45
19964.54
19955.60
19945.36
19935.66
19928.19
199110.57
199013.56
198911.96
19889.31
19879.83
19868.65
19857.57
19847.00
19836.75
19828.54
19818.90
198010.50

Use data sources for savings rates by month from which the annual averages above are derived.

Savings Accounts and Cash ISAs
Personal savings allowance introduced in April 2016, mean savings interest from regular savings accounts is paid gross and basic-rate taxpayers can receive interest of up to £1,000 per year tax-free. £1,000 would be £50,000 at 2.0%. So Cash-ISAs are no longer the only tax-free option.
From April 2017 we can put up to £20,000 per year into tax-free savings whether Stock-and-Shares-ISA or Cash-ISA.
With median annual gross earnings around £31,500; the £20,000 limit is more than enough for the ordinary saver.

expand/collapse  ISA limits history table

Savings Accounts vs Inflation

Please make End-Year five or more years greater than Start-Year