Savings accounts interest rates, best savings rates on bank accounts in 2012. Regularly updated see our review of the best savings rates, fixed rate bonds, isas and and mortgages on the current market. What we are seeing is that many banks and building societies are offering slightly higher interest rates on savings accounts than earlier in the year. See our interest rate predictions on our currency forecast pages. Interest rate predictions for the euro, US dollar, Australian dollar and the British pound/sterling. Most of the easy open savings accounts offer better rates if they are an online saving account rather than a branch account. Halifax has a new premium bond style of prize draw. If you have a Halifax saving account or Bank of Scotland savings account and have more than £5000 in it you can enter a prize draw to win up to £100,000. You will need to opt in to enter the Halifax prize draw. You can contact Halifax online or via a branch for more information and the prize draw will take place from October 3rd 2011. Prizes range from £100 to £100,000. There will be each month three £100,000 prizes, 100 £1,000 prizes, and 1,000 £100 sums. These prizes will be tax free. Halifax are not revealing the odds on winning as they will not reveal how many savers have over £5000 saved, but it is estimated to be millions. The chance of winning an NS&I premium bond are 1 in 24,000. You need to be over 18 to enter the Halifax prize draw. Compare your savings rates  with others available in the market and then you can see if you are getting the best deal. If you don't then you should look at switching as you could be saving money. Compare and apply online. Look at putting your money into a fixed rate bond rather than an instant access account. A fixed rate bond of one year can pay a higher rate of savings interest than instant access savings account. If you have had your money invested in a bank account for a number of years it is worth seeing what other banks and building societies now offer and think about switching to another savings account. You may find the interest rates are much better than your current savings account.