This week's top savings deals explained

Last updated: 11 December 2025 at 13:50

Savers encouraged to act quickly to protect their money as the likelihood of a December base rate cut means top savings rates may fall.

While the top fixed savings rates remain competitive this December, savers are being warned of the potential costs of waiting to make a switch.

Amid expectations for the Bank of England to lower the base rate in its meeting next week, many providers cut rates between November and December, leading average returns on fixed bonds to fall across the board.

Analysis by Moneyfactscompare.co.uk revealed that average fixed savings rates declined by 0.03 percentage points or more between the beginning of November and the start of December – with the average one-year fixed bond rate falling from 3.95% to 3.92% over the same period.

Read more: Savers should act now to protect their earnings, as there's "a cost to waiting"

“This year the top fixed bonds have been consistently paying above 4%, however, with the likelihood of a December base rate cut growing, this may not be the case for much longer,” Caitlyn Eastell, Spokesperson at Moneyfactscompare.co.uk, cautioned.

However, savers will be relieved to see that many of the leading fixed rates held steady this week. What’s more, the top three-year bond bucked the trend seen in the wider market after rising to 4.26%.

"Savers should try their best to be reactive as there is a cost to waiting," Eastell added.

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

There’s been no change to this week’s leading easy access rates.

Chase’s Chase Saver With Boosted Rate continues to top our chart offering 4.50% AER monthly, inclusive of a 1.94% bonus for 12 months. Available via mobile app, this account doesn’t specify a minimum opening deposit and allows savers an unlimited number of penalty-free withdrawals. However, savers should note that a daily external transfer limit of £25,000 applies.

Occupying second place on our chart this week is Sidekick’s Sidekick Multi Shield still paying 4.48% AER monthly. This headline rate includes a 1.00%, six-month bonus on balances between £10,000 and £120,000. However, a lower rate of 3.48% AER applies on portions of balances above £120,000. This app-only account permits unlimited, penalty-free access to funds, although withdrawn money isn’t available until the following working day. This account may appeal to those looking to deposit a bigger sum as Sidekick spreads deposits across its network of regulated partner banks, which means up to £360,000 is covered under the Financial Services Compensation Scheme (FSCS).

If you’re searching for a rate without an introductory bonus, cahoot’s cahoot Simple Saver (Issue 13) may appeal. It pays 4.40% AER monthly or on anniversary on balances up to £500,000 (with no interest paid above this threshold). After funding online with a minimum opening deposit of £1, the account can be additionally managed over the phone. It also allows unlimited, penalty-free access to savers’ money, although the account will revert into a cahoot Savings Account after a year.

Fixed rate bonds

At the top of our one-year fixed bond chart this week is AlRayan Bank’s Meteor Savings – 1 Year Fixed Term Deposit paying an expected profit rate of 4.55% AER on maturity. Accessible online through the savings platform, Meteor Savings, it requires an opening deposit of £1,000 or more – an amount savers should choose carefully as the account doesn’t allow further additions. As is typical for fixed bonds, early access isn’t permitted.

Following a rate increase, Kent Reliance now tops both our two- and three-year fixed bond chart with its 2 Year Fixed Rate Bond – Issue 26 and its 3 Year Fixed Rate Bond – Issue 8, offering 4.42% AER and 4.26% AER, respectively. These accounts pay interest monthly or on anniversary and ask for a deposit of £1,000 or more to open and manage online – with further contributions allowed for 14 more days via a nominated account.

The provider offers its 3 Year Exclusive Fixed Rate Bond – Issue 8, also paying 4.26% AER monthly or yearly. It follows many of the same conditions, however, the main difference is that this account can be opened in branch and additionally managed over the phone once funded. Similarly, further contributions can be made for 14 days from account opening, but they don’t need to be made via a nominated account.

Continuing to top our five-year fixed bond chart is Chetwood Bank’s 5 Year Fixed Rate Savings Account. This online-only account offers 4.30% AER on anniversary and needs a minimum opening deposit of £1,000, which savers can add to for 14 days.

Notice accounts

This week, there’s been a drop at the top of our up to 30-day notice chart with two providers now taking the lead spot.

RCI Bank UK’s RCI Bank E-Volve Savings 14 Day Notice Account pays 4.05% AER monthly or on anniversary. To open online the account requires a minimum deposit of £100, which savers can add to via a nominated account, and once funded, it can additionally be managed by mobile app. As early access isn’t allowed, the full 14-day notice period must be served before savers can withdraw their money. Those who are eco-conscious may be pleased to know this is a green product and the provider will use all funds deposited for the purpose of financing electric vehicles, charging points and future green transportation projects.

Also paying 4.05% AER is United Trust Bank with its UTB 30 Day Notice. This account offers interest yearly. While the account states a minimum opening deposit of £5,000, the headline rate is only accessible to those with balances of £10,000 or above. Balances below this will incur a lower rate of 4.00% AER. Available to open online, once funded it can be additionally managed by post or over the phone. Further additions can be made via a nominated account, but early access isn’t permitted, so savers will need to wait a longer 30-day notice period before accessing their cash. Savers should note that withdrawals must also be made via a nominated account.

Offering the best rate on our up to 60-day notice chart is Aldermore with its 45 Day Notice Account (Issue 6) paying 4.13% AER monthly or on anniversary. This online only account can be opened with a deposit of £1,000 or more and can be added to without restriction. Once again, early access isn’t an option so there is a 45-day wait before savers can access their money.

There has been a dip at the top of our up to 90-day notice chart this week, with Investec Save now leading the sector. Its 90-Day Notice Saver Issue 6 pays 4.17% AER monthly and asks for a minimum deposit of £5,000 to open online, an amount that savers can continue to contribute to without restriction. As early access isn’t allowed savers will need to wait 90 days to get their withdrawn funds.