This week's top savings deals explained

Last updated: 11 June 2026 at 14:05

Latest savings news: Savers have record-breaking product choice – with over half of accounts beating the Bank of England base rate.

Not only do those searching for a new savings account have a record number of products to choose from, but more than half pay above the current Bank of England base rate, according to the latest Moneyfacts UK Savings Trends Treasury Report. It revealed there were 1,826 savings accounts (excluding ISAs) on the market at the start of this month. What’s more, with average fixed rates continuing to climb, it found savers are being offered some of the best returns in years.

The average rate paid by a one-year fixed bond, for instance, rose to 4.19% at the beginning of June (from 4.05% in May) – its highest since April 2025. Meanwhile, the typical return on a longer-term bond (of over 550 days) reached its highest level since January 2024 after rising from 4.08% to 4.21% over the same period.

However, Caitlyn Eastell, Personal Finance Analyst at Moneyfactscompare.co.uk, warned that “while this is positive news for savers chasing higher returns and seeking certainty, it’s a double-edged sword as savers will need to sacrifice flexibility”. Before locking away their money, she therefore urged consumers to review their pots and “keep some cash in easy reach for emergencies”.

Read more: Savers offered best returns in years as fixed rates soar

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 top return on an easy access account has seen a slight uptick to 5.01% AER this week and can now be found from app-based savings provider, Chip. However, it should be noted that this headline rate is bolstered by a 1.51% AER six-month bonus which is only available to new customers. As well as a £1 minimum deposit, you’ll need an open banking connection to a current account to apply for its Chip Easy Access Account. But, while this account accepts further additions without restriction, bear in mind that its interest rate will drop if you make more than three withdrawals per year (to either 2.91% AER with the bonus or a flat rate of 1.40% AER).

Otherwise, the LemFi Instant Access Savings Account (which is operated by ClearBank) continues to offer a highly competitive 5.00% AER monthly (inclusive of a 1.89% bonus for six months). Another app-based account, it also requires a minimum opening deposit of just £1. Like most easy access accounts, it accepts further additions without restriction, but withdrawals must be made using a nominated account and limits may apply.

It’s joined by Revolut’s Instant Access Savings – Standard which is also operated by ClearBank and similarly pays 5.00% AER daily (inclusive of a slightly more substantial 2.02% bonus until 4 December 2026) on balances up to £25,000. While no minimum deposit is needed, the boosted rate is only available to new Revolut customers who must have or open an e-money/payment account to apply. Once set up, there are no restrictions on making further additions (although balances over £25,000 will receive a lower rate of 2.90% AER) and you’ll have unlimited penalty-free access to your cash. (Note: Revolut’s Instant Access Savings – Plus, Premium, Metal and Ultra offer the same rate but require applicants to have linked current accounts that charge monthly fees; view our chart for further details).

Elsewhere, Tembo Money’s HomeSaver still offers an attractive 4.55% AER monthly on a £10 minimum deposit (inclusive of longer-term bonus of 1.55% for 12 months). Savers can open and manage this account via mobile app but, while it allows further additions and penalty-free withdrawals without restriction, any transaction must use a nominated account. Those who take out a qualifying mortgage through Tembo Money Limited should keep in mind they could get an even higher 5.55% AER subject to terms and conditions (see our chart for more information).

Fixed rate bonds

In the fixed savings market, MBNA continues to lead our one-year bond chart with its Fixed Saver 1 Year paying 4.85% AER at maturity. After opening online with a £1,000 minimum deposit, this account can only be managed over the phone and accepts further contributions for 14 days via a nominated account. Withdrawals and early access are both prohibited, though – as is the case with most fixed bonds.

By contrast, the top return on a two-year fixed bond has dipped to 4.83% AER this week and is now offered by Hodge Bank. Its 2 Year Fixed Rate Bond pays interest either monthly or on anniversary after opening online with a £1,000 minimum deposit. The account can then be managed via the same means and lets savers add to their cash for 14 days using a nominated account.

Those looking to secure a guaranteed return for even longer, meanwhile, will find Oxbury Bank’s Personal 3 Year Bond Account (Issue 25) and Personal 5 Year Bond Account (Issue 14) remain in pole position on our three- and five-year fixed bond charts. These accounts offer 4.83% AER and 4.88% AER, respectively, on anniversary and can be applied for online with a £1,000 minimum deposit (although the Oxbury App is needed to access online banking). Once open, they can additionally be managed using the mobile app and accept further deposits for 14 days.

Notice accounts

There’s been no change to the best rates offered by notice savings accounts this week. RCI Bank UK’s RCI Bank E-Volve Savings 14 Day Notice Account still pays the most competitive return for an account that requires savers to give up to 30 days’ notice when making a withdrawal, at 4.00% AER. After applying online with a £100 minimum deposit, savers will have the choice of receiving interest monthly or on anniversary and can additionally manage their account via mobile app. However, a nominated account is needed to make further additions and withdrawals (the latter subject to 14 days’ notice as early access isn’t allowed). This option may particularly appeal to eco-conscious savers as the provider pledges to use all funds deposited to finance electric vehicles, charging points and future green transportation projects.

That being said, higher rates are available if you’re willing to wait longer before accessing your cash. For example, Oxbury Bank’s Personal 35 Day Notice Account (Issue 7) is still one of three accounts that leads our up to 60-day notice chart by paying 4.16% AER. While it can be opened via the provider’s website with a £1,000 minimum deposit, note that the Oxbury App is needed to use online banking. Once up and running, it pays interest monthly and can additionally be managed using the app (although further deposits and withdrawals both require a nominated account). As there’s no option for early access, keep in mind that you’ll need to serve the full 35-day notice period before getting hands on your money.

Alternatively, Shawbrook Bank’s 45 Day Notice Account – Issue 22 and Raisin UK – 45 Day Notice Account offer the same rate but require savers to give 45 days’ notice when making a withdrawal. The former pays interest either monthly or on anniversary after opening via the provider’s website with a £1,000 minimum deposit. It can then additionally be managed over the phone and accepts further contributions while the issue remains open.

As for the latter, it can be opened and managed online or via mobile app using the third-party savings platform, Raisin UK. This option pays interest monthly on a £1,000 minimum deposit but doesn’t allow any further additions. Although neither permits early access, it should be noted that the Raisin UK account also doesn’t let savers make partial withdrawals (meaning only the full balance can be withdrawn subject to 45 days’ notice).

For a rate that is higher still, Bank of London and The Middle East’s 90 Day Notice Account (Issue 10) pays 4.37% AER quarterly and remains at the top of our 90-day notice chart this week. This Shari’ah-compliant account requires a substantial deposit of at least £10,000 to open and manage online. Further additions to this amount are allowed without restriction via a nominated account but, as early access is prohibited, savers must serve 90 days’ notice when they want to make a withdrawal.