This week's top savings deals explained

Last updated: 20 November 2025 at 14:20

This week sees drops to some of the leading savings rates with further falls likely as expectations for a base rate cut in December grow.

Savers may have been relieved to see inflation slow to 3.6% in October, down from 3.8% in September, when latest figures were released yesterday (19 November 2025). However, this could mean a base rate cut is more likely in December, which would bring further strain to savings rates.

According to analysis by Moneyfactscompare.co.uk, at the time of the announcement there were 1,224 savings accounts (counting ISAs) that beat inflation, including 101 easy access accounts, 118 notice accounts and 623 fixed rate bonds.

As a base rate cut may be imminent, providers might drop rates after the Autumn Budget, meaning that the number of inflation-beating deals on the market could fall.

“It may be the case that providers are waiting to see what is announced in the Autumn Budget before they make any significant changes. In any case, if savers find they are getting a raw deal, it is crucial they immediately switch to a more competitive rate and if they want more security against cuts, they should consider locking away their cash for a fixed period,” Caitlyn Eastell, Spokesperson at Moneyfactscompare.co.uk, commented.

And with slight falls seen in our leading three- and five-year fixed bond rates this week, locking in a competitive rate may be something for savers to act on now.

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Chase currently leads our easy access chart after last week’s previously market-leading account was withdrawn. The app-only Chase Saver With Boosted Rate continues to offer 4.50% AER monthly, inclusive of a 2.00% AER 12-month bonus. It requires no minimum opening deposit and allows an unlimited number of penalty-free withdrawals. Savers should bear in mind that a daily external transfer limit of £25,000 applies.

Following the drop in the top easy access rate, Sidekick now places second on our chart this week – still paying 4.48% AER monthly (including a 1.00%, six-month bonus) on balances between £10,000 and £85,000 on its Sidekick Multi Shield. It should be noted that a lower rate of 3.48% AER applies on portions of balances above £85,000. This app-only account allows unlimited, penalty-free access; however, savers should be aware that withdrawn funds won’t be available until the next working day. As Sidekick spreads savers’ money across its network of regulated partner banks, up to £255,000 is covered under the Financial Services Compensation Scheme (FSCS).

Elsewhere, cahoot comes in third on our chart this week, offering a flat rate of 4.40% AER paid on anniversary or monthly on its cahoot Simple Saver (Issue 13). Available online, once funded with a minimum opening deposit of £1, it can be additionally managed over the phone. It allows savers unlimited penalty-free access to their savings pot, however, the account reverts into a cahoot Savings Account after 12 months.

Fixed rate bonds

LHV Bank remains in pole position on our one-year fixed bond chart, continuing to pay 4.46% AER on maturity on its 1 Year Fixed Rate Bond. This app-only account asks for a minimum opening deposit of £1,000 but, as there’s no option for further additions, this amount should be considered carefully. Early access isn’t allowed, which is typical for fixed bonds.

Also maintaining its top position on our two-year fixed bond chart this week is FirstSave with its FirstSave 2 Year Fixed Rate Bond offering 4.45% AER on anniversary or monthly. Once opened online with a deposit of £1,000 or more, the account can also be managed by post or over the phone. As with LHV Bank’s fixed bond, no further contributions can be made.

Meanwhile, JN Bank now leads our three- and five-year fixed bond charts following withdrawals. Its three-year Fixed Term Savings Account and its five-year Fixed Term Savings Account offer 4.39% AER and 4.40% AER respectively - slightly lower rates than last week’s top accounts. Both online-only accounts require opening deposits of £100 or more and pay interest on anniversary. Savers may be pleased to know that the provider allows 11 additional contributions for 14 days via a nominated account.

Notice accounts

There’s been no change to the chart-topping notice accounts this week.

RCI Bank UK’s RCI Bank E-Volve Savings 14 Day Notice Account still jointly holds the top spot on our up to 30-day notice account chart, offering 4.05% AER on anniversary or monthly on a minimum opening deposit of £100. Available online, it can be further managed via mobile app. Savers should keep in mind that any additional contributions and withdrawals need to be made using a nominated account, and, as early access isn’t an option, the 14-day notice period must be served before they receive their withdrawn funds. Eco-conscious savers may be interested to know that any money deposited into this account will be exclusively used for the financing of electric vehicles, charging points and future green transportation projects.

Also continuing to pay 4.05% AER yearly is United Trust Bank’s UTB 30 Day Notice. The account can be opened online with a minimum deposit of £5,000 (at which 4.00% AER is paid), however, the headline rate is only available with a larger £10,000 payment. After funding, it can be additionally managed by post or over the phone. Any further contributions and withdrawals must be made via nominated account. As for early access, this isn’t allowed so savers will need to wait a longer 30-day period to receive their money.

Elsewhere, Oxbury Bank maintains its lead position on our up to 60- and up to 90-day notice account charts. Its Personal 60 Day Notice Tracker Premium 1 and its Personal 90 Day Notice Tracker Premium 2 pay 4.46% AER and 4.51% AER monthly respectively on sizeable minimum opening deposits of £10,000. After being opened online, the accounts can then be additionally managed by mobile app (be aware that the Oxbury App is needed for online banking). It should be noted that early access is once again not allowed so savers will need to wait the respective 60- or 90-day notice periods before gaining access to their cash.