If you want to explore savings accounts further, and the returns you receive on them, why not access the MAS savings calculator (in a new window or tab)?
Annuities offer ‘fair value’ Jonquil Lowe, Lecturer in Personal Finance at The Open University, queries the notion that annuities are poor value in a research paper. (This link takes you to the website for the True Potential Centre for the Public Understanding of Finance. Go to the ‘Resources and Events’ tab and scroll down. Jonquil’s paper is in the ‘working papers’ section.)