Best savings rates this week

Last updated: 2 October 2025 at 15:00

Most top rates hold firm as more than £10 billion sits in accounts paying less than 1%.

Aside from slight drops in the leading three- and five-year fixed bonds, the top savings rates remain the same this week.

This means savers still have the opportunity to secure a competitive interest rate on their savings, which is particularly crucial for those with money sitting in accounts paying little to no interest.

Approximately £10.6 billion was in savings accounts earning 1% or less in interest in June, according to analysis of CACI data by Paragon Bank. This is up from £4.6 billion at the end of January, highlighting that many savers may not have been actively reviewing rates and switching to more competitive accounts.

“We urge savers to shop around and make sure their money isn’t sitting in an account earning 1% or below. Even a small increase in interest can make a meaningful difference over time,” Andrew Wright, Head of Savings at Paragon Bank, noted.

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

Chip offers the market-leading easy access savings rate of 4.80% AER on its Chip Instant Access Account for another week, although savers should bear in mind that this includes a sizeable 2.06% AER bonus for the first three months. This account, which is only available via mobile app, pays interest monthly on deposits of £1 or more. Savers can add to and withdraw from this account without any restrictions, but they will need to have an open banking connection to their current account.

While Chase continues to pay the next highest rate of 4.50% AER, it is now joined by Ulster Bank after the provider launched its Limited Edition Saver Account – Issue 1. The Chase Saver With Boosted Rate pays this rate monthly, inclusive of a 2.00% AER bonus for 12 months. Savers can open and manage this account via mobile app but, while there is no minimum opening deposit specified, there is a £25,000 daily limit on withdrawals from the account to another provider.

Ulster Bank’s account also pays 4.50% AER monthly, which includes a notable 12-month bonus of 2.75% AER. To access this headline rate, savers can open an account online or by mobile app and deposit a minimum of £5,000 (a lower rate of 1.06% AER applies on balances below this). They can subsequently manage their account via the same means, as well as by phone or by visiting a branch. There are no restrictions on withdrawals, so savers can dip in and out of their account as much as they choose. After 12 months, this account reverts into an Easy Access Savings account.

Meanwhile, Sidekick pays 4.48% AER monthly (including a 1.00% six-month bonus) on its Sidekick Multi Shield. This app-only account requires a hefty minimum opening deposit of £10,000, but savers should note that the advertised rate only applies on balances up to £85,000. A lower 3.48% AER applies on balances above this sum. However, the account may still appeal to those with a large sum in savings as Sidekick splits the funds across a network of regulated banks, which means it can protect up to £255,000 under the Financial Services Compensation Scheme (FSCS). Bear in mind that, while savers can withdraw from the account without any restrictions, they will only receive their withdrawn funds on the next working day.

Fixed rate bonds

The leading one-year fixed savings rate remains at 4.45% AER this week, but it is now offered by the FirstSave 1 Year Fixed Rate Bond. FirstSave pays this rate monthly or on maturity on a minimum opening deposit of £1,000, which savers won’t be able to add to during the term. Savers can open this account online and manage it online, by phone or by post.

Meanwhile, JN Bank continues to lead our two-year fixed bond chart with its Fixed Term Savings Account paying 4.43% AER. However, it also now tops our three- and five-year fixed bond charts after Birmingham Bank withdrew its previously market-leading accounts. JN Bank’s three-year Fixed Term Savings Account offers 4.45% AER while its five-year Fixed Term Savings Account pays a higher 4.52% AER for savers who are willing to lock away their money for longer. Savers can open these accounts online by depositing £100 or more, with the option to make 11 further deposits over the next 14 days if they choose. Once open, they can manage their account online or by phone. All these accounts pay interest on anniversary.

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

Savers who don’t need immediate access to their money could consider the RCI Bank E-Volve Savings 14 Day Notice Account that pays 4.15% AER monthly or on anniversary to top our up to 30-day notice chart. This account from RCI Bank UK asks for a minimum opening deposit of £100, which savers can add to and withdraw from without restriction (via a nominated account). However, as earlier access isn’t allowed, they need to wait 14 days before receiving their withdrawals. Savers can open this account online and can then choose to manage it online or via mobile app after opening. As a ‘green’ product, RCI Bank UK uses any funds deposited in this account to finance a range of environmentally friendly transport projects.

The leading account with a notice period of up to 60 days continues to come from Oxbury Bank’s Personal 60 Day Notice Tracker Premium 1. Paying 4.46% AER monthly, this account requires a hefty minimum opening deposit of £10,000 and allows further deposits and withdrawals (via a nominated account). But, as the name suggests, a 60-day notice period applies to all withdrawals. Savers can open this account online and additionally manage it by mobile app, but should note that they will need the Oxbury App to access online banking.

A higher rate of 4.52% AER is available from GB Bank’s Prosper - 65 Day Notice Account 2 if savers are willing to wait 65 days before receiving any money they withdraw. This account, which tops our up to 90-day notice chart, is only available via mobile app on the Prosper savings platform and doesn’t allow savers to access their money before the end of the notice period. Interest is paid daily on deposits of £10,000 or more.