Savings accounts

A savings marketplace is a one-stop shop for competitive savings accounts we've found in the market. All you need to do is sign up once, then you can apply for any of these accounts without having to fill in a new form each time.

You can open an account if:

• You're aged 18 or over
• You're a resident in the UK, or you or your spouse or civil partner are a Crown servant
• You don't have citizenship rights or pay taxes in the US.

We've teamed up with Raisin UK to offer you Aviva Save. You're unable to open an Aviva Save account if you already hold savings account with Raisin UK or one of their partners (Smart Savings from Willis Owen or AJ Bell's Cash savings hub).

You’ll need your personal information, bank details and National Insurance number for the registration process.

All Aviva Save accounts are protected by the FSCS, meaning you get automatic protection of up to £85,000 per person per banking group. Any money you have in a bank that goes beyond the protected £85,000 limit won't be covered by the scheme.

It depends on the type of account you have. Some accounts pay out interest monthly and others pay out yearly. You can find when interest is paid by going to your account details through the marketplace.

Not sure which savings accounts are right for you? Learn more about the different types of savings accounts available on our Aviva Save marketplace.

If you're a UK basic rate taxpayer, you can usually earn up to £1,000 a year tax-free on your savings, known as a Personal Savings Allowance. If you're a higher rate taxpayer, the tax-free amount is up to £500. If you are an additional rate taxpayer, you don’t get a Personal Savings Allowance. If your interest goes above your Personal Savings Allowance, it will be added to your income and taxed at the rate that applies to you. Taxation depends on your personal circumstances and rules may change in the future. To get the latest information on tax on savings interest, you can visit HMRC.

We won’t charge you for using the marketplace. Instead, we receive payments from the partner banks based on the amount of money deposited through Aviva Save. The savings accounts and interest rates offered directly by our partner banks may be different from the ones you see on Aviva Save.

There are a few easy steps to opening a savings account with Aviva Save. 

Firstly, you'll need to pick a savings account. From there, register for a MyAviva account if you don't already have one. It's the way you'll access your savings securely. To do this you have to be over 18 and a UK resident.

We'll also need a few details like your bank account and National Insurance number. Keep an eye on your email in case we need more information, and for confirmation that your registration is complete. You'll then be able to open any savings accounts you want with Aviva Save. 

We'll give you details of the transaction account that you'll use to fund savings accounts you open with Aviva Save. You'll move money from your bank to your transaction account, then it will be added to any Aviva Save accounts automatically - this takes around 2 business days. 

We'll send a security code by text or email to complete any transfers.

You can simply apply for Aviva Save online, but if you'd prefer some advice based on your personal circumstances, speak to your financial adviser. You can also visit MoneyHelper.