This week's top savings deals explained

Last updated: 15 January 2026 at 14:30

Despite predictions that savings rates are likely to fall further, incentives remain for consumers to open a savings account.

While it’s highly likely that further drops to savings rates are on the horizon this year following the December base rate cut, this week has seen the top one-year fixed bond rise to 4.55% AER. If savers placed £10,000 into the 1 Year Fixed Rate Saver from Marcus by Goldman Sachs® , they would see a return of £455 after a year.

However, the top three-year and five-year fixed bond rates have fallen since last week.

Caitlyn Eastell, Personal Finance Analyst at Moneyfactscompare.co.uk, warned that “even slow and gradual base rate reductions can quickly catch up to savers,” with the concern being that they could turn to alternative options to store their cash.

This comes after a recent survey conducted on behalf of Moneyfacts revealed that “just over two in five consumers keep their savings in their current accounts,” as Eastell explained, seeing many people’s savings lose value in real terms.

Despite some of the top fixed savings deals being cut over recent weeks, “they may still be a more enticing option for consumers who want to be rewarded for their savings”, Eastell added.

Read more: Savers must prepare to see rates drop further, warns Personal Finance Analyst.

If a fixed bond isn’t the right fit for you, the market-leading easy access account currently pays 4.50% AER.

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.

Easy access accounts

Chase’s Chase Saver With Boosted Rate continues to lead our easy access chart this week, paying 4.50% AER monthly, inclusive of a 2.23% 12-month bonus. Available to open via mobile app, no minimum opening deposit is specified, and although the account allows withdrawals a daily external transfer limit of £25,000 applies.

There’s slightly less choice when it comes to the second-best easy access rate on our chart this week, with two accounts now occupying this spot. One is Manchester BS, still paying 4.25% AER on its Manchester Rainy Day Saver, which requires a minimum deposit of £1 to open online or in branch, after which it can be additionally managed by post or phone. Savers are only allowed to make one penalty-free withdrawal per year, otherwise a lower rate of 1.90% AER applies. It should also be noted that any additions or withdrawals should be made via a nominated account.

Similarly, Mansfield BS offers a competitive option, continuing to pay 4.25% AER yearly (inclusive of a 1.00%, 12-month bonus) on its Triple Access Bonus Saver (1^st Issue). It can be opened in branch or by post with an opening deposit of £1 or more and allows a maximum of three withdrawals a year, including account closure.

Alternatively, Sidekick remains in third place on our chart. Its Sidekick Multi Shield still offers 4.23% AER monthly (inclusive of a 1.00%, six-month bonus) on balances between £10,000 and £120,000. However, on portions of balances above £120,000, a much lower rate of 3.48% AER applies. Available via mobile app, this account allows further additions, but any withdrawn money won’t be available until the next working day. As Sidekick spreads savers’ money across its network of regulated partner banks, up to £360,000 is covered under the Financial Services Compensation Scheme (FSCS).

Fixed rate bonds

Following a rate increase, the 1 Year Fixed Rate Saver from Marcus by Goldman Sachs® now tops our one-year fixed bond chart. It pays 4.55% AER on maturity and can be opened online or by mobile app with a small minimum deposit of £1, however, savers should be aware that they must have a UK mobile phone number to apply. Once funded, there’s the additional option to manage the account over the phone, with further contributions allowed for 14 more days via a nominated account. If savers want to access their money early, this is granted on account closure only, subject to a 90-day loss of interest penalty when closed after 90 days. However, if savers close the account within the first 90 days, the fee equals the interest accrued.

Those looking for a two-year fixed rate bond have another option this week as the leading spot is now occupied by two providers. The online-only 2 Year Fixed Rate Bond – Issue 31 from Birmingham Bank continues to offer 4.17% AER. What’s more, the provider also tops our three-year fixed bond chart, paying 4.17% on its 3 Year Fixed Rate Bond – Issue 38. Both pay interest on anniversary and require a minimum opening deposit of £5,000 to open online. This amount can be added to for 14 days via a nominated account, but early access isn’t an option.

Castle Community Bank also pays 4.17% AER  on maturity – topping our two-year fixed chart. Its two-year Fixed Rate Savings needs a smaller minimum deposit of £1,000 to open online – however, to qualify savers must be a member of Castle Community Bank Credit Union. Neither further additions, nor early access are allowed.

Despite reducing its rate, Hampshire Trust Bank’s 5 Year Online Fixed Saver (Issue 45) leads our five-year fixed bond chart again this week. It pays 4.27% AER on anniversary and requires a minimum £1 deposit to open online – after which it can also be managed over the phone. Savers can add to this for 14 days via a nominated account, but once again, early access isn’t allowed.

Notice accounts

United Trust Bank’s UTB 30 Day Notice holds steady at the top of our up to 30-day notice chart this week, continuing to pay 4.05% AER yearly. While the account asks for a minimum deposit of £5,000 to open online, the headline rate is only available on balances of £10,000 or more. If savers’ balances dip beneath this, a lower rate of 4.00% AER applies. Once it’s been funded, there’s the additional option to manage the account by post or over the phone. Any further contributions or withdrawals must be made via a nominated account – but early access isn’t allowed, meaning savers will need to wait the 30-day notice period before accessing their cash.

This week, Oxbury Bank leads both our up to 60-day notice chart and our up-to 90-day notice chart. The provider offers 4.16% AER monthly on its Personal 60 Day Notice Tracker Premium 2, and a higher 4.21% AER on its Personal 90 Day Notice Tracker Premium 3. Both accounts pay interest monthly and require a minimum deposit of £10,000 to open online, with the extra option to manage by mobile app after funding. It should be noted that the Oxbury app is needed to use online banking. Any further additions and withdrawals should be made via a nominated account, but early access is once again not allowed, meaning savers will wait the 60- or 90-day notice periods, respectively, should they want to access their money.