The best UK savings rates this week

Last updated: 28 August 2025 at 12:30

Savers have more than 1,600 savings accounts to choose from, but rates continue to suffer.

The number of savings accounts on the market rose to 1,626 at the start of August, according to data from the latest Moneyfacts UK Savings Trends Treasury Report.

Part of this can be attributed to new brands entering the market which “bring positive energy into the arena, as they typically fight harder for savers deposits to fund their future lending,” Rachel Springall, Finance Expert at Moneyfactscompare.co.uk explained.

Despite the wide array of savings accounts to choose from, many providers continue to cut rates, with the leading easy access savings rate falling this week.

But, more encouragingly, the leading one-year bond now offers a higher expected rate of 4.45% AER thanks to AlRayan Bank’s Prosper – 1 Year Fixed Term Deposit.

With providers able to make changes at relatively short notice, it’s a good idea for savers to keep a close eye on the market and be proactive about switching if they can get a better return on their money elsewhere. Even when rates are stagnating, or falling, Springall says that savers should “not let apathy win”.

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

After Chip lowered rates, Chase now leads our easy access savings chart with its Chase Saver With Boosted Rate paying 4.75% AER monthly. However, because this includes a hefty bonus of 2.25% AER for 12 months, savers should review their account after this period to ensure they’re still getting a competitive return. Chase doesn’t specify a minimum opening deposit and allows savers to add to their account without restriction. But, while savers can withdraw from their account, it’s worth noting that a £25,000 daily limit applies.

Principality BS now offers the next best easy access savings rate (which is widely available to savers). Its Online Bonus Triple Access (Issue 8) pays 4.45% AER yearly, including a 12-month bonus of 1.70% AER, on deposits of £1 or more. Available online, this account allows savers to add to their savings without restriction but only allows up to three withdrawals (including closure of the account) per calendar year. Deposits and withdrawals must be made via a nominated account.

Offering a slightly lower rate is the cahoot Simple Saver (Issue 11) which pays 4.40% AER monthly or on anniversary. Savers can open this cahoot account online with a minimum deposit of £1 and can subsequently manage it online or by phone. While there are no restrictions on further deposits or withdrawals, savers with a large amount of money should note that interest won’t be paid on any balance above £500,001. This account reverts into a cahoot Savings Account after 12 months. Savers should also bear in mind that cahoot shares a banking licence with Santander, which means the Financial Services Compensation Scheme (FSCS) only protects up to £85,000 saved across both providers.

Fixed rate bonds

The leading one-year fixed savings rate available has edged higher this week after some changes in the market. AlRayan Bank now offers the top rate via its Prosper – 1 Year Fixed Term Deposit which pays an expected profit rate of 4.45% AER on maturity. Savers can open this account by depositing £1,000 or more, but they won’t have the option to add to their savings after this point. This account can only be opened and managed by mobile app via the Prosper savings platform.

Unfortunately, after JN Bank lowered its rate, the top two-year fixed savings rate has dropped to 4.41% AER. JN Bank now offers this rate on its Fixed Term Savings Account, alongside Afin Bank’s 2-Year Fixed Term Account (Issue 1). Afin Bank, a relative newcomer to the savings market, pays this rate on anniversary on a minimum opening deposit of £1,000. Savers can then add to their initial deposit for 14 days after opening (via a nominated account). This account is available via mobile app, with the option to manage it by phone if savers prefer.

Meanwhile, as well as offering the joint market-leading two-year bond, JN Bank’s Fixed Rate Savings tops our three-year bond chart with 4.45% AER while its five-year Fixed Rate Savings offers the leading five-year fixed rate of 4.52% AER. All these accounts pay interest on anniversary. Savers can open these accounts online by depositing £100 or more, which they can add to for 14 further days (across a maximum of 11 payments). Once open, savers can manage their account online or by phone.

As is the case with most fixed bonds, none of these accounts allow savers to access their money before the end of the term.

Notice accounts

For an account with a notice period of up to 30 days, RCI Bank UK continues to offer the leading rate of 4.15% AER on its RCI Bank E-Volve Savings 14 Day Notice Account. Savers can open this account, which pays interest monthly or on anniversary, online by depositing £100 or more and, once open, they can manage their account online or via mobile app. While savers can add to their savings without restriction, any withdrawals require 14 days’ notice (deposits and withdrawals must be made via a nominated account). Eco-conscious savers may also be interested to note that RCI Bank UK will use any funds deposited in this account towards the financing of electric vehicles, charging points and future green transportation projects.

Meanwhile, the 60 Day Notice Savings Account - Issue 65 from Kent Reliance continues to offer the leading rate on our up to 60-day notice chart of 4.45% AER. Interest is paid monthly or yearly. Savers can open and manage this account, which requires a £1,000 minimum deposit, online or by visiting a branch. Savers can add to their account via cash at a branch, cheque or bank transfer and can withdraw from their savings when they need to (the withdrawal methods available will depend on how the account was opened). As earlier access isn’t permitted, savers need to wait the full 60-day notice period before receiving their money.

Savers can access a higher rate of 4.52% AER by providing a longer notice period, thanks to GB Bank’s Prosper – 65 Day Notice Account 2 which tops our up to 90-day notice chart. Available on mobile app via the Prosper savings platform, this account pays interest daily on a sizeable minimum opening deposit of £10,000. Savers can add to their account without restriction but will need to wait 65 days before receiving any withdrawals as earlier access isn’t permitted.