This week's top savings deals explained

Last updated: 6 August 2026 at 12:35

Latest savings news: NS&I hikes British Savings Bonds as this week brings some increases for the leading savings rates.

This week savers were left with less choice at the very top of our easy access chart after cuts led to LemFi leading the sector alone, still paying 5.00% AER on its LemFi Instant Access Savings Account. However, an increase to cahoot’s cahoot Simple Saver (Issue 18) saw the highest flat rate available on our easy access chart rise to 4.52% AER.  Elsewhere, savers may be disappointed to see a slight dip in the leading one-year bond rate, although in better news, the top two-year bond saw a hike and those looking for a longer fix now have more choice of accounts offering 5.00% AER after Close Brothers Savings increased rates.

Other attractive hikes came from Government-backed provider National Savings and Investments (NS&I) at the end of last week, seeing its one-, two-, three- and five-year Guaranteed Growth Bonds and Guaranteed Income Bonds offer returns up to 4.75% AER. While higher rates are available, NS&I’s appeal remains strong due to its Government guarantee that all money deposited is protected.

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

While the market-leading easy access savings rate held firm at 5.00% AER this week, savers now have less option with LemFi’s Instant Access Savings Account (operated by ClearBank) topping the chart alone after cuts. This headline rate is inclusive of a 1.96% AER six-month bonus, after which it reverts to a much lower 3.04% AER. Available via mobile app with a small minimum opening deposit of £1, interest is paid monthly and savers can add to their pots without restriction. However, note that any withdrawals must be made via a nominated account and limits may apply.

Tembo Money’s HomeSaver occupies second place for another consecutive week, continuing to offer 4.55% AER monthly (inclusive of a 1.55% bonus for 12 months). This app-only account can be opened with a marginally higher initial deposit of £10 and, after this, savers will have penalty-free access to their cash, but be aware that further additions must be made via a nominated account. What’s more, a higher rate of 5.55% AER is available on Tembo Money’s HomeSaver, however, this is only attainable if savers have or take out a qualifying mortgage with the provider. Ts&Cs apply. For more information, view our chart.

For those who’d prefer an account not bolstered by an introductory bonus, the cahoot Simple Saver (Issue 18) pays a competitive flat rate of 4.52% AER monthly or on anniversary on balances between £1 and £500,000. Once opened online, cahoot’s account can also be managed over the phone. Further additions and withdrawals can be made without restriction but the account will revert into a cahoot Savings Account after 12 months.

Fixed rate bonds

There’s been a slight drop at the top of our one-year fixed bond chart this week, with two accounts from Habib Bank Zurich plc now claiming the top spot. The provider’s HBZ Fixed Rate e-Deposit Account pays 4.91% AER while its HBZ Sirat e-Deposit Account offers the same rate in expected profit. Both pay interest or expected profit on maturity and are available online with a minimum deposit of £5,000. Savers can make further contributions for 30 days from opening via a nominated account and early access isn’t allowed.

In contrast, the leading return on a two-year fixed bond has seen a small jump to 4.86% AER this week and is offered by Recognise Bank’s 2 Year Fixed Rate Account after a hike. Interest is paid monthly or on anniversary and to open this account online savers must deposit a minimum of £1,000, after which there’s the additional option for management over the phone. Neither further contributions nor withdrawals are permitted, so savers should consider their opening deposit carefully.

Investec Save remains at the top of the three-year fixed bond sector, continuing to pay 5.00% AER yearly on its Fixed Rate Saver. Available online with a minimum opening deposit of £5,000, savers can continue to add to their pots for seven more days but early access isn’t allowed.

Otherwise, Atom Bank’s 5 Year Fixed Saver additionally offers 5.00% AER, still leading our five-year fixed bond chart. This app-only account pays interest monthly or on anniversary and can be opened with a smaller deposit of £50 or more. This balance can also be added to for seven more days from opening, with no early access permitted.

Alternatively, leading our five-year bond chart alongside Atom Bank this week following an improvement is Close Brothers Savings with its five-year Fixed Rate Bond. To open this bond online, savers must make a sizeable minimum opening deposit of £10,000 – and it accepts further additions for 10 more days via a nominated account. As with the other accounts this week, and as is typical of fixed bonds, early access isn’t allowed.

Notice accounts

There has been no movement at the top of our notice charts this week. The leading return on an up to 30-day notice account continues to be from RCI Bank UK’s RCI Bank E-Volve Savings 14 Day Notice Account, paying 4.00% AER monthly or on anniversary. Available online with a minimum opening deposit of £100, the account can additionally be managed via app once funded. Savers can add to this account without restriction, but will face a 14-day wait before they get their hands on their withdrawn money (which must be requested via a nominated account).

United Trust Bank’s UTB 60 Day Notice Issue 1 still offers the best rate on an up to 60-day notice account of 4.20% AER (paid yearly). To open this account online, savers must deposit £5,000 or more, and, once this is done, there’s the extra option to manage it via post or over the phone. Any further additions must be made via a nominated account and, if savers want access to their funds, they will have a 60-day wait.

Leading our up to 90-day notice chart is Bank of London and The Middle East’s 90 Day Notice Account (Issue 10) offering an expected profit rate of 4.37% AER quarterly. Savers can open this account online with a hefty £10,000 or more deposit, after which further additions must be made via a nominated account. As early access isn’t allowed, savers will need to wait the full 90-day notice period before gaining access to their money.

High yield savings news

As of 6 August 2026, the best high yield savings accounts continue to pay up to 5.00% AER. See above for more information about the leading accounts or, to compare options from across the whole market, visit our savings charts.