This week's top savings deals explained

Last updated: 5 February 2026 at 11:40

As 70% of savings providers have cut rates since the start of 2026, it’s important savers review their accounts and switch to better returns.

More than two thirds (70%) of savings providers have slashed their variable and fixed rates since January began – with the average easy access rate down month-on-month from 2.50% to 2.42% and the average notice account down month-on-month from 3.44% to 3.37%, according to Moneyfactscompare.co.uk analysis.

Fixed rates, too, have been on an overall downwards trend across the past year. Average one- and five-year bonds sit below 4.00% following the drop in rates provoked by Bank of England Base Rate cuts.

Those who want to lock in a fixed rate to protect their savings from any further drops may want to act quickly.

“The slaughter of savings rates will sadden hard-pressed savers,” Rachel Springall, Finance Expert at Moneyfactscompare.co.uk, commented. However, despite falling rates across easy access accounts and many fixed bonds, Springall highlighted that “one speckle of positivity remains in the returns on offer from a five-year fixed bond”, as savers who locked into a bond in February 2021 could earn “three times more interest on average”. 

Although it may be tempting, now is not the time to lose interest in searching the market for the top rates. With competitive deals still available, switching accounts to secure better returns is increasingly significant.

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

This week brings no change to the best rates offered on our easy access chart. In pole position for another consecutive week is Chase’s Chase Saver With Boosted Rate, continuing to pay 4.50% AER monthly. This is inclusive of a 2.23% bonus for 12 months – however, savers should be aware that this account is only available in the first 31 days of being a Chase current account customer. Chase doesn’t require a minimum deposit to open the account by mobile app, and, although it accepts withdrawals, a daily external transfer limit of £25,000 applies.

Maintaining its second-place position is the Triple Access Bonus Saver (1^st Issue) from Mansfield BS, paying 4.25% AER yearly (inclusive of a 1.00% 12-month bonus). This account can be opened in branch or by post with a small minimum deposit of £1. It should be noted that only three withdrawals per year are permitted, which includes account closure.

Sidekick remains in third place this week, still offering 4.23% AER monthly on its Sidekick Multi Shield. This headline rate includes a 1.00% bonus for six months, paid on balances between £10,000 and £120,000. On portions of balances that exceed £120,000, however, a lower rate of 3.48% AER applies. While withdrawals are allowed, savers won’t be able to access their money until the next working day. This app-only account could appeal to savers with larger deposits as Sidekick spreads money across its network of partner banks, meaning that up to £360,000 is covered under the Financial Services Compensation Scheme (FSCS).

Fixed rate bonds

AlRayan Bank continues to top our one- and three-year bond charts this week, with the provider also now placing first on our two-year bond chart (paying a slightly lower rate than last week’s leading account). The Meteor Savings – 1 Year Fixed Term Deposit offers an expected profit rate of 4.40% AER, while the Meteor Savings – 2 Year Fixed Term Deposit pays an expected profit rate of 4.20% AER. Finally, the Meteor Savings – 3 Year Deposit offers an expected profit rate of 4.22% AER. All pay profit on maturity and are available online via the Meteor Savings platform with an opening deposit of £1,000 or more. As there’s no option for further contributions, savers should choose this amount carefully. Early access is also not allowed.

Our five-year fixed bond chart now has more choice for the best rate, with it being offered by two providers this week. Hampshire Trust Bank’s 5 Year Online Fixed Saver (Issue 46) still offers 4.31% AER on anniversary on a minimum opening deposit of £1 and can be added to for 14 more days via a nominated account. It’s available online and can be subsequently managed over the phone once funded.

Alternatively, Close Brother Savings also pays 4.31% AER yearly following a rate increase. Its Fixed Rate Bond can be opened online with a more sizeable minimum deposit of £10,000 - after which savers have an extra 10 days to make any further contributions via a nominated account. Following initial funding, it can be additionally managed by post or over the phone. Neither this account nor Hampshire Trust Bank’s option allow early access.

Notice accounts

United Trust Bank still tops our up to 30-day notice chart with its UTB 30 Day Notice paying 4.05% AER yearly. It can be opened online with a minimum deposit of £5,000 – however, savers should note that this headline rate is only available on balances of £10,000 or higher. If your balance falls below this, a lower rate of 4.00% AER applies instead. Once funded, the account can also be managed by post or phone, and any further additions should be made via a nominated account (as must withdrawals). Early access isn’t an option, meaning there is a 30-day wait before savers can access their withdrawn cash.

There’s been a drop in the best rate offered on our up to 60-day notice chart this week. Aldermore’s 45 Day Notice Account (Issue 6) now takes first place, paying 4.13% AER monthly or on anniversary. This online-only account can be opened with a minimum deposit of £1,000, which can be added to without restriction. Early access isn’t allowed, so savers will need to wait the 90-day notice period before getting their money.

Following another dip to a leading rate, StreamBank now offers the best rate on an up to 90-day notice account. Its 90 Day Notice Account – Issue 9 pays 4.15% AER monthly on a minimum opening deposit of £1,000. Available online, savers can add to their pot without restriction, however, all access must be via a nominated account. As early access isn’t permitted, savers must wait the full 90-day notice period before access to their cash is granted.