The best UK savings rates this week

Last updated: 14 August 2025 at 14:00

Easy access savings rates suffer in the week following the base rate cut.

Unsurprisingly, many savings providers have been quick to lower their interest rates after the Bank of England’s Monetary Policy Committee (MPC) narrowly voted to cut the base rate from 4.25% to 4.00% last week.

Indeed, more than 20 savings providers reduced rates across a range of variable accounts less than one week after the base rate announcement, with some lowering rates by even more than 0.25 percentage points.

“Savers will feel frustrated to see an abundance of providers cut rates since the Bank of England base rate cut,” Rachel Springall, Finance Expert at Moneyfactscompare.co.uk, noted.

With the top easy access savings rates falling over the past week as providers amend their rates and product ranges, Springall adds that “savers need to keep a close eye on the market for any vanishing accounts and ensure they abandon their loyalty if it is not being rewarded with a decent savings rate”.

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

In the wake of the base rate cut, the leading easy access savings rates have declined this week. Chip now leads our chart with its Chip Instant Access Account paying 4.84% AER monthly, but savers should note that this includes a 2.10% AER bonus for three months, after which the interest rate will drop. Savers can open this account, which is only available via mobile app, with a deposit of just £1 and can add to and withdraw from their savings without restriction. Note that an open banking connection to your current account is required.

After Chase was one of the many providers to cut rates this week, its Chase Saver With Boosted Rate now pays a lower 4.75% AER monthly (including a sizeable 2.25% AER bonus for 12 months). Open to new customers, this app-only account doesn’t specify a minimum opening deposit requirement and allows savers to make further deposits without restriction. However, while savers can also make as many withdrawals as they like, the maximum amount they can transfer out per day is £25,000.

Meanwhile, two accounts now pay the third highest easy access savings rate of 4.55% AER. The Four Access Saver (Issue 3) from West Brom BS, which is only available online, pays this rate monthly or yearly on deposits of £1 or more. However, while savers can add to this account without restriction, a significantly lower rate of 1.90% AER will apply if they make more than four withdrawals per year. This account matures into a Direct Limited Access Saver on 30 September 2026.

The cahoot Simple Saver (Issue 10) pays the same rate monthly or on anniversary on a minimum opening deposit of £1 or more. Savers can open this account from cahoot online and subsequently manage it online or via phone, with the freedom to make further deposits and withdrawals as they choose. Bear in mind that this account reverts to a cahoot Savings Account after 12 months, and it’s also important to note that cahoot shares its £85,000 Financial Services Compensation Scheme (FSCS) limit with Santander.

Fixed rate bonds

After a number of rate cuts and product withdrawals, two accounts from Habib Bank Zurich plc are left leading our one-year fixed bond chart. The HBZ Fixed Rate e-Deposit Account pays 4.40% AER on maturity while the Shari’ah-compliant HBZ Sirat e-Deposit Account offers the same return as an expected profit rate, paid on maturity. Note that savers need to hold a Sirat current account in the UK to access the latter account. Both savings accounts ask for a £5,000 minimum opening deposit and allow savers to make any further contributions for 30 days after opening (via a nominated account). Savers can open these accounts online and manage them by phone or by post.

In better news for savers, the leading two- and three-year fixed rate bonds remain the same this week. GB Bank’s Prosper – 2 Year Fixed Term Deposit continues to lead our two-year fixed chart with 4.46% AER while its Prosper – 3 Year Fixed Term Deposit pays the same rate to top our three-year fixed chart. Both accounts pay interest on maturity. Savers need to deposit a minimum of £10,000 and a maximum of £50,000 to open either of these accounts and should bear in mind that they won’t be able to make any further deposits after this point. These accounts are only available on mobile app via the Prosper savings platform.

To secure a guaranteed rate for longer, the Fixed Term Savings Account from JN Bank continues to lead our five-year fixed bond chart by paying 4.52% AER on anniversary. Savers can open this account online by depositing a minimum of £100, with the option to make 11 further payments for 14 days after opening if they choose. Once open, they can manage their savings online or via 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

The top up to 30-day notice savings account remains the same this week as RCI Bank UK continues to offer 4.30% AER monthly or on anniversary on its RCI Bank E-Volve Savings 14 Day Notice Account. Savers can open this account online by depositing a minimum of £100 and can subsequently manage their savings online or via mobile app. This account allows savers to make further deposits without restriction but, as it doesn’t permit earlier access, savers will need to wait the full 14-day notice period before receiving any withdrawals. Note that all transactions must be made via a nominated account. Savers may also be interested to note that this is a “green” product, which means any deposits in this savings account will be used to finance electric vehicles, charging points and green transport projects.

For a longer notice period of 60 days, savers can receive a higher 4.45% AER thanks to Kent Reliance’s 60 Day Notice Savings Account - Issue 65, which is available online or in branch. With interest paid monthly or yearly on a minimum opening deposit of £1,000, this account allows savers to make further contributions via cash at a branch, cheque or bank transfer. Any withdrawals require savers to give 60 days’ notice, with the method of withdrawal dependent on how they opened their account.

Elsewhere, the Prosper – 65 Day Notice Account 2 from GB Bank continues to pay 4.52% AER daily on deposits of £10,000 or more to lead our up to 90-day notice chart. Savers can open and manage this account on mobile via the Prosper savings platform and are able to add to and withdraw from their savings without restriction. However, as earlier access isn’t permitted, they will need to wait 65 days before receiving any money they withdraw.