Last updated: 29 May 2025 at 15:10
Best longer-term fixed savings rates rise while top returns on easy access accounts dip.
After it held steady for a couple of weeks, savers will likely be dismayed to see the best easy access rate dip marginally. In contrast, many of the top fixed savings rates rose over the past week and may be worth considering if you want a guaranteed return and don’t need immediate access to your cash.
That being said, easy access accounts are often popular among savers due to the flexibility they afford. The total amount of savings held by UK consumers grew by £500 billion between January 2020 and March 2025, according to the Bank of England, bolstered by a £138 billion surge in non-ISA easy access deposits. This comes as research conducted by Paragon Bank revealed just over half (51%) of active savers boosted their overall balance during the COVID-19 pandemic, of whom over two-thirds (71%) still hold onto the nest egg they built up.
“It’s positive that those already saving were able to increase their savings during the pandemic and that many still hold onto those balances today, helping to improve financial resilience, particularly as savings rates grew over the period, delivering better returns,” said Andrew Wright, Head of Savings at Paragon Bank. But, with rates having fluctuated dramatically over the past five years, it’s important savers review their accounts and ensure they’re still receiving competitive returns.
Below is a list of accounts that currently offer the best easy access, fixed and notice savings rates. These products are all available to new customers with a £10,000 deposit. Note that higher rates may be available to existing customers or those who are willing to save more than £10,000.
You can also visit our charts to compare rates from across the whole of the savings market.
