The latest news to help you get the most from your savings account.
Here’s our monthly update sharing changes at leading UK savings accounts, as well as some of the articles you might have missed on the site.
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August’s savings news
No change to the base rate
There won’t be any automatic changes to tracker or variable rate savings following the latest Bank of England base rate decision, as it remained at 3.75%.
There’s still uncertainty from economists and markets about whether there will be a hike this year, so don’t expect much change to fixed rates either.
More new 8% savings accounts
Following Santander’s 8% regular saver launch last month, Lloyds group have hiked their offering to match it. With three banks under this umbrella – Lloyds, Halifax and Bank of Scotland – that’s potentially 8% on a total of £950 of new savings each month.
The new rates apply to new applications. If you have an existing account the terms won’t change. However, since you can’t have more than one monthly saver at a time with each bank that does mean you will also need to wait for your current year to end before getting the higher rate.
All are fixed at 8%, which means the rate can’t change in the year they are open for, and all have a cap of £250. This includes the Club Lloyds monthly saver which used to allow up to £400 a month.
The rules for who can get them are slightly different for each of them. The Lloyds and Bank of Scotland ones require a current account with the respective bank, while the Halifax one is open to anyone (though you do need to be an existing Halifax customer). Lloyds customers no longer need to have a Club Lloyds account to access the rate, though confusingly there are two options, a normal and a Club Lloyds option – you can’t get both.
The Lloyds and Bank of Scotland “monthly savers” allow withdrawals, but the Halifax “regular saver” does not.
One final note. The axing of the Halifax brand means over the coming months those accounts will transition over to Lloyds branding. Presumably when this happens the Halifax regular saver will cease to exist for new applicants. However, exisitng accounts won’t be shut down, so you’ve a small window to open regular savers at both banks. You’ll then have two 8% paying accounts with Lloyds, a work around on the one account limit.
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August’s savings offers
Raisin: £150 welcome bonus
New Raisin customers can get a welcome bonus of £150. To get it, you need to register for a Raisin UK account using the code SUMMER150, open a fixed rate bond with a term of 2 years or longer and deposit a minimum of £15,000 by 27 August 2026.
The best paying 2 year account on the Raisin website is 4.7%. If you deposit £15,000, you’ll get a £150 bonus, so your effective APR would be 5.2% over two years.
The offer is only for new customers and terms and conditions apply.
We’ll share any other deals in our savings deals page if any more come along.
Can you earn extra on your savings?
Check out our list of the best savings special offers
Featured deal
Our top pick
Customer rating
3.8/5
- Switch bonus£240
- Perks8% regular saver
- Monthly fee0
- Offer ends7 October
- FSCS Protected? Yes
- Bonus requirements To get the £240 switch offer, you need to complete a full switch with the Current Account Switching Service. Then, within 60 days of your initial switch request, you need to set up two active direct debits, deposit £1,500 into the current account, set up a Santander Regular Saver, and deposit £200 into it.
- Regular saver 8% (variable) regular savings account. Includes 5% (variable) bonus for 12 months
- Existing customers? You can't have held a Santander account on 1 January 2026.
Top savings accounts for August 2026
Remember, these are the accounts at the top of the tables. We’ve more options in our best savings accounts page, which is updated every day by the team.
Easy & limited access picks as of 3/8/26
| Bank | Account | Rate | Notes |
| Top easy access requiring a current account | — | — | — |
| Santander | Edge Saver | 6% AER variable, includes 2.5% bonus for 12 months | max £4,000 Needs Edge current account (£3 monthly fee) |
| Chase | Saver | 4.5% AER variable, includes 2.25% bonus for 12 months | New customers only |
| Top easy access with balance restrictions | — | — | — |
| Cahoot | Sunny Day Saver | 5% AER variable | max £3,000 One year only |
| Tembo | Home Saver | 4.55% AER variable includes 12 month bonus | max £20,000 must keep at least £1 in account for 12 months |
| Saga | Easy Access | 4.5% AER variable includes 12 month bonus | New customers only max £250,000 |
| Top non digital account | — | — | — |
| Mansfield Building Society | Triple access saver | 4.325 AER variable | Only three withdrawals a year Apply by post or branch |
| Top easy access without restrictions | — | — | — |
| Cahoot | Simple Saver | 4.32% AER variable | max £500,000 Rate lasts one year |
Fixed savings accounts picks as of 3/8/26
| Bank | Rate | Notes |
| Top 6 month fix | — | — |
| Zopa | 4.5% AER | |
| Top 12 months fix | — | — |
| Habib Bank Zurich | 4.91% AER fixed | |
| Top 18 months fix | — | — |
| Close Brothers via Hargreaves Lansdown | 4.61 AER fixed | |
| Top 2 year fix | — | — |
| Atom | 4.85% AER fixed | |
| Top 3 year fix | — | — |
| Investec | 5% AER fixed | |
| Top 4 year fix | ||
| Thisbank | 4.61% AER fixed | |
| Top 5 year fix | — | — |
| Atom | 5% AER fixed |
Fixed savings accounts picks for non digital applicants as of 3/8/26
If you don’t want to use online banking or apps, then these accounts pay the best for phone and post applications. You might find higher paying options that are branch only for local banks and building societies.
| Bank | Rate | Notes |
| Top 12 months fix | — | — |
| UBL | 4.68% AER fixed | Online, post or branch |
| Top 18 month fix | — | — |
| Skipton Building Society | 4.51% AER fixed | Online, post, in branch or phone |
| Top 2 year fix | — | — |
| Furness Building Society | 4.7% AER fixed | Online, post, phone or branch |
| Top 3 year fix | — | — |
| ICICI | 4.6% AER fixed | Online, phone or branch |
| Top 5 year fix | — | — |
| Furness Building Society | 4.75% AER variable | Online, post, phone and branch |
Regular Saver accounts picks as of 3/8/26
| Bank | Rate | Notes |
| Requires a current account (12 months) | — | — |
| Lloyds | 8% AER fixed | Max £250 a month |
| Bank of Scotland | 8% AER fixed | Max £250 a month |
| Santander | 8% AER variable | Max £200 a month |
| Open to all | — | — |
| Halifax (if existing Halifax customer) | 8% AER fixed | Max £250 a month |
| Monmouthshire Building Society | 6% AER fixed | Max £500 a month |
The best monthly savings accounts
Check out our list of the highest paying regular or monthly savings accounts.
ISA: Easy access picks as of 3/8/26
| Bank | Rate | Notes |
| Top rates with no bonus | ||
| Hargreaves Lansdown (powered by Shawbrook) | 4.52% | |
| Trading 212 | 4.51% including bonus (via our link only) | Flexible New customers only |
| Top for transfers | ||
| Chip | 4.4% | New customers only |
| Kent Reliance | 4.24% | |
| Top for non-digital | ||
| Progressive Building Society | 4.2% | Allows transfers Double access Online, post or branch |
ISA: Fixed savings ISAs picks as of 3/8/26
| Bank | Rate | Notes |
| Top 12 months fix | — | — |
| AlRayan via Meteor | 4.72% expected return fixed | |
| Top 2 year fix | — | — |
| RCI | 4.8% AER fixed | |
| Top 3 year fix | — | — |
| Tandem | 4.78% AER fixed | |
| Top 5 year fix | — | — |
| Close Brothers | 4.82% AER fixed |
ISA: Fixed savings ISAs for non-digital picks as of 3/8/26
| Bank | Rate | Notes |
| Top 12 months fix | — | — |
| Coventry Building Society | 4.6% AER fixed | Online, post, phone or branch |
| Top 2 year fix | — | — |
| Furness Building Society | 4.7% AER fixed | Online, phone, post or branch |
| Top 3 year fix | — | — |
| Skipton Building Society | 4.55% AER fixed | Online, post, phone or branch |
| Top 5 year fix | — | — |
| Furness Building Society | 4.75% AER variable | Online, phone, post or branch |
Lifetime ISA: Cash picks as of 3/8/26
| Bank | Rate | Notes |
| Moneybox | 4.8% AER fixed | Includes one year bonus for new customers |
| Plum | 4.75% AER fixed | Includes one year bonus for new customers |
The best Easy Access Cash ISA savings accounts
Check out our list of the highest paying easy access Cash ISAs
