The best UK savings rates this week

Last updated: 3 July 2025 at 13:00

Multiple leading fixed bonds slip this week, while top variable returns hold strong.

While leading easy access and notice accounts held firm, a flurry of changes to the top fixed bonds over the last week saw new providers take leading positions as Cynergy Bank reduced selected rates across its range. Indeed, as top one- and five-year returns emerged unscathed, those after two- and three-year terms may be disappointed to see rates dipping to 4.43% AER and 4.42% AER respectively.

Regardless of these latest cuts, savers should still consider hunting for better returns on their money, particularly after recent analysis from Moneyfactscompare.co.uk revealed that average rates paid on closed accounts (those no longer available to new customers) consistently paid less than their live counterparts since June 2022. Over time, this could mean missing out on hundreds of pounds in interest earnings.

“Savers who only have small pots might feel there isn’t enough incentive to switch, but there will also be loyal customers under the assumption that they are getting a fair return on their hard-earned cash,” explained Rachel Springall, Finance Expert at Moneyfactscompare.co.uk.

Springall went on to mention that “any indifference about moving pots is dangerous, particularly when inflation erodes the real return on savers’ hard-earned cash”.

Read more: Is your loyalty costing you? Keeping the same savings account may come at a price

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

The best-performing easy access accounts remain unchanged for yet another week, with Chase continuing to hold top spot. Paying 5.00% AER monthly when considering a 2.17% 12-month bonus, its Chase Saver With Boosted Rate requires no minimum investment to open and manage via the provider’s mobile app. This account is available to new Chase customers and accepts further deposits without restriction, though note a £25,000 daily external transfer limit applies when making withdrawals.

If an introductory bonus isn’t for you, it may be worth considering Atom Bank’s Instant Saver Reward, which pays 4.75% AER monthly provided you don’t make a withdrawal; returns drop to 2.50% AER in any month you take money out of the account. This option also operates exclusively via app without needing a minimum deposit and allows you to add to your pot using a nominated account, which is also required to withdraw funds.

Meanwhile, third place on our chart is once again occupied by Snoop and its Snoop Easy Access Savings Account 1 offering a respectable 4.60% AER daily. Yet another app-based account on our list, it can be opened from a £1 investment that can be added to freely; withdrawals can also be made without penalty which could make this an attractive option for those needing frequent access to their cash.

Fixed rate bonds

After Cynergy Bank reduced its rate, the 1 Year Fixed Rate Saver from Marcus by Goldman Sachs® now takes sole control of the one-year sector, paying 4.55% AER on maturity. Unlike many fixed rate bonds, this account can be opened online or via app without a minimum deposit, which may appeal to savers with smaller upfront investments – you’ll also have the flexibility to add to your initial balance for a further 14 days via a nominated account. You can additionally manage this option by phone if preferred, however, bear in mind that early access is subject to account closure and 90 days’ loss of interest if the account was closed after 90 days. If the account was closed before this, this penalty will equal any interest that has been accrued.

Those looking to lock in returns for two years have three leading accounts to choose from this week. This includes Cynergy Bank’s Fixed Rate Bond which now offers 4.43% AER on anniversary, following a rate cut, to savers with a £1,000 initial investment. Although it’s available online, applicants need either the Cynergy Bank Authenticator App or Digipass to use online banking with this account. You can make further additions for up to 14 days after opening though early access is prohibited.

Likewise, Vanquis Bank pays the same rate either monthly or on anniversary on its online Vanquis Bank Savings account. It too can be opened from a £1,000 deposit, though permits additional contributions for up to 30 days via a nominated account (this falls to five days after the initial investment is made). Again, you won’t be able to access funds early in this case.

Meanwhile, GB Bank also shares the top position, and now also takes the lead on our three-year chart. Its 2 and 3 Year Fixed Rate Bonds pay 4.43% AER and 4.42% AER respectively, offering savers the choice to have interest paid monthly or on anniversary. Each account requires a £1,000 deposit to open online, and both can additionally be managed by app. Furthermore, you’ll have 21 days after opening to pay in any extra cash to your pot before locking it away until the end of the respective terms.

For savers after a five-year bond, Birmingham Bank holds onto its lead yet again; its online-exclusive 5 Year Fixed Rate Bond - Issue 22 again offers 4.47% AER on anniversary. Further contributions to its £5,000 minimum deposit are accepted for 14 days after opening using a nominated account, but note that as with the other accounts mentioned, early access is not permitted.

Notice accounts

After raising returns last week, RCI Bank UK continues its stint at the top of our up to 30 days’ notice chart. Its RCI Bank E-Volve Savings 14 Day Notice Account pays a market-leading 4.30% AER either monthly or on anniversary from a £100 investment and can be opened online; it can then be additionally managed by app. Note; a nominated account is needed to both deposit and withdraw funds.

Similarly, Oxbury Bank retains its spots at the top of both the 60- and 90-day notice brackets, paying 4.51% AER and 4.55% AER monthly respectively on its 60 Day Notice Base Rate Tracker (Issue 1) and 90 Day Notice Base Rate Tracker (Issue 8). A £1,000 deposit is required to open either option online, before both accounts can be additionally managed by the Oxbury App, which is also needed to use online banking. Savers can add to both accounts without restriction, while withdrawals are subject to serving the full notice periods. It’s also worth mentioning that both processes require nominated accounts.