Our Pick Of The Best Savings Platforms

We searched the market (March 2025) to uncover our pick of the best savings platforms available right now. For more detail on how we selected and ranked the providers, take a look at our methodology below.

Savings platforms act as an online marketplace where savers can browse for deals, open savings accounts and manage them through a single log-in.

Each platform offers access to multiple banks and building societies, and different types of savings accounts.

When you transfer money to a savings platform, it lands in a holding account – sometimes called a ‘funding’ or ‘hub’ account. From here, funds can be deposited into your chosen savings products.

Some platforms allow savers to keep money in their holding account indefinitely, while others return the funds if they aren’t used to open a savings account within a set timeframe.

Holding accounts don’t generally pay interest, so it’s best to avoid storing cash here long term.

You can withdraw money from your holding account at any time, but individual savings accounts opened through the platform stipulate their own withdrawal terms.

These terms should be clearly communicated when you first open the account.

Savings platforms allow customers to open several different account types.

Exactly what’s on offer varies depending on the provider you choose, but you can typically access:

• Fixed rate bonds
  Fixed rate bonds offer relatively high returns in exchange for locking your cash away for a set amount of time. Terms generally range from six months to five years.

• Notice accounts
  Notice accounts require savers to give notice when they wish to make a withdrawal. Notice periods generally range from 30 days to one year.

• Easy access accounts
  As the name suggests, easy access accounts allow savers to access their cash at any time. These accounts typically pay lower interest rates than their fixed rate or notice counterparts, but offer greater flexibility.

Some providers may also offer cash ISAs, which are a type of tax-exempt savings account.

Pros

• Save time on applications
  Once you’ve signed up with a platform, you can open multiple savings accounts with different providers without having to complete additional applications.

• See your accounts all in one place
  By using a savings platform, you can view and manage several savings accounts with a single log-in.

• Access exclusive rates
  Savings platforms negotiate exclusive saving rates with partner banks and building societies. Often, these rates are highly competitive or even market leading.

• Streamline switching
  Typically, savings platforms automatically alert customers when their fixed rate account is about to mature. Some providers also send regular email updates when improved savings rates become available.

Cons

• You won’t gain access to the whole market
  Each platform works with a select number of providers, and doesn’t necessarily offer leading rates.

• Limited types of accounts
  While most platforms offer easy access, fixed rate and notice accounts, Individual Savings Accounts (ISAs) are uncommon.
  You’re also unlikely to find regular saver or children’s savings accounts through these platforms.

• Withdrawals can be slow
  Withdrawals made from a savings platform could take two or three business days to land in your account, depending on the provider. By contrast, withdrawals made directly from a savings account with a bank often arrive in a matter of minutes.

To open an account with a savings platform, you’ll need to work through the following steps.

• Provide personal details
  Once you’ve chosen your provider, navigate to its app or website and look out for an application button.

Next, you’ll be prompted to enter personal details such as your full name, address and contact information.

This stage typically involves an identity check, during which you’ll need to provide some form of identification, such as a passport or driving licence.

You’ll be prompted to photograph the document, and yourself, to confirm you are who you say you are.

• Fund the account
  Next, you can fund the new account via bank transfer. The savings platform should prompt you to enter your bank details, and the amount you wish to transfer. Some providers, such as Flagstone stipulate a minimum initial deposit.

• Select your savings products
  Once the bank transfer arrives in your holding account, you’ll be free to browse savings products.

As you compare deals, you can filter by account type or provider to find options that fit your needs.

To open an account, simply click on it and enter the amount you want to deposit. Bear in mind that some accounts impose a minimum opening deposit.

There’s no need to enter your personal details again, as these are held by your savings platform.

• Manage your accounts
  You can view your accounts and make withdrawals at any time, by logging into your account and navigating to its customer dashboard.

We assessed savings platforms from across the market, and listed the providers we believe to be front-runners based on a range of factors such as the number of providers they offer access to, and the range of account types available.

To arrive at our Forbes Advisor star ratings, we looked at whether a minimum deposit is required, and whether the platform offers extra features like account maturation reminders and alerts about new savings rates. We also considered whether a smartphone app is available.

All the platforms featured above are free to use, and regulated by the Financial Conduct Authority (FCA).