business

Recognising The Best Performers In The Savings Market

Now in their ninth year, the Savings Champion Awards have grown over that time to become one of the "most sought-after awards in the savings industry".

The awards show recognition in a range of savings categories from easy access, fixed rate bonds and cash ISAs to the best ethical savings accounts to choose from. They are the only awards that focus solely on savings, giving this key area of the market the focus that savers deserve. And it’s not all about competitive rates, the awards also give important consideration to service for savers with the ’Award for Customer Service’.

A spokesperson said: "It’s no secret that savers have had another tough year, but are we on the brink of change for the better? With increasing sentiment from providers that next year will see more aggressive pricing in a bid to pull in new savers things may be looking up for savers. There is also the possibility of a number of base rate increases that are highly anticipated.

More aggressive pricing is unlikely to include the high street providers, who are still paying virtually nothing, so it’s time to call out those who have given and will hopefully continue to give at least something back to support our struggling savers. For providers, winning an award is a powerful accolade, while for savers our awards are a clear way to identify the best accounts and providers in the savings market."

The big winners this year include Shawbrook Bank, who have won a total of five awards - rivalling last year’s big winner UBL who have themselves had another good showing, winning four awards! Shawbrook’s haul includes our prestigious ‘Best Savings Provider’ Award as well as 'Best Cash ISA Provider' and 'Best Savings Provider for Existing Customers'.

Other big winners include Yorkshire Building Society, who have taken home our ‘Best Building Society’ Award, Charter Savings Bank, who have won 3 awards including our ‘Award for Customer Service’ and Zopa, who have made a strong entrance to the Savings Champion Awards for the first time this year, winning three awards including ‘Best New Savings Provider’.

The judging process is independent, comprehensive and detailed and involves weekly reviews of the savings market for each category throughout the year.

The judging of all of our awards is undertaken with the same level of rigour that we apply to all aspects of our business, which means that these awards are given solely on merit.

Best Savings Provider

Winner: Shawbrook Bank
Highly Commended: UBL UK
Finalists: Atom Bank, Charter Savings Bank, Zopa

Best Building Society

Winner: Yorkshire Building Society
Highly Commended: Coventry Building Society
Finalists: Bath Building Society, Dudley Building Society, Nationwide Building Society

Best Online Savings Provider

Winner: Shawbrook Bank
Highly Commended: Zopa
Finalists: Charter Savings Bank, Cynergy Bank, Yorkshire Building Society

Best Multi-Channel Savings Provider

Winner: Charter Savings Bank
Highly Commended: Yorkshire Building Society
Finalists: Al Rayan Bank, Bath Building Society, Coventry Building Society

Best Ethical Provider

Winner: Ecology Building Society
Highly Commended: Yorkshire Building Society
Finalists: Charity Bank, Coventry Building Society, Triodos Bank

Best Savings Provider for Existing Customers

Winner: Shawbrook Bank
Highly Commended: Close Brothers Savings
Finalists: Al Rayan Bank, Charter Savings Bank, Secure Trust Bank

Best New Savings Provider

Winner: Zopa
Highly Commended: Allica Bank
Finalists: JN Bank, DF Capital

Award for Customer Service

Winner: Charter Savings Bank
Highly Commended: Cynergy Bank
Finalists: Kent Reliance, UBL UK, United Trust Bank

Award for Simple Savings

Winner: Atom Bank
Highly Commended: Investec
Finalists: Ford Money, RCI Bank, Tandem

Best Monthly Income Provider

Winner: Shawbrook Bank
Highly Commended: UBL UK
Finalists: Atom Bank, Charter Savings Bank, Paragon

Best Easy Access Account Provider

Winner: Yorkshire Building Society
Highly Commended: Marcus by Goldman Sachs
Finalists: Aldermore, Atom Bank, Cynergy Bank

Best Regular Savings Account Provider

Winner: Coventry Building Society
Highly Commended: Nationwide Building Society
Finalists: Furness Building Society, Principality Building Society, Saffron Building Society

Best Notice Account Provider

Winner: Moneycorp Bank
Highly Commended: Charter Savings Bank
Finalists: OakNorth Bank, Secure Trust Bank, UBL UK

Best Fixed Rate Bond Provider

Winner: Zopa
Highly Commended: UBL UK
Finalists: Atom Bank, Raisin, Shawbrook Bank

Best Short Term Fixed Rate Bond Provider

Winner: Zopa
Highly Commended: Atom Bank
Finalists: Raisin, Shawbrook Bank, Tandem

Best Long Term Fixed Rate Bond Provider

Winner: UBL UK
Highly Commended: Shawbrook Bank
Finalists: Hodge Bank, Raisin, Zopa

Best Cash ISA Provider

Winner: Shawbrook Bank
Highly Commended: Charter Savings Bank
Finalists: Cynergy Bank, Leeds Building Society, Paragon

Best Variable Rate Cash ISA Provider

Winner: Cynergy Bank
Highly Commended: Al Rayan Bank, Yorkshire Building Society
Finalists: Charter Savings Bank, Leeds Building Society, Paragon

Best Fixed Rate Cash ISA Provider

Winner: UBL UK
Highly Commended: Shawbrook Bank
Finalists: Charter Savings Bank, Close Brothers Savings, Paragon

Best Short Term Fixed Rate Cash ISA Provider

Winner: Charter Savings Bank
Highly Commended: Shawbrook Bank
Finalists: Close Brothers Savings, Paragon, Secure Trust Bank

Best Long Term Fixed Rate Cash ISA Provider

Winner: UBL UK
Highly Commended: Shawbrook Bank
Finalists: Close Brothers Savings, Paragon, United Trust Bank

Best Children's Account Provider

Winner: Halifax
Highly Commended: Dudley Building Society
Finalists: Barclays, HSBC, Santander

Best Junior Cash ISA Provider

Winner: Bath Building Society
Highly Commended: Coventry Building Society
Finalists: Darlington Building Society, Family Building Society, Loughborough Building Society

Best Business Easy Access Account Provider

Winner: Aldermore
Highly Commended: Shawbrook Bank
Finalists: Hanley Economic Building Society, Loughborough Building Society, Virgin Money

Best Business Notice Account Provider

Winner: Redwood Bank
Highly Commended: Hampshire Trust Bank
Finalists: Close Brothers Savings, Hodge Bank, UBL UK

Best Business Fixed Rate Bond Provider

Winner: UBL UK
Highly Commended: Cambridge & Counties Bank
Finalists: Hampshire Trust Bank, Hodge Bank, Redwood Bank, United Trust Bank