The latest news to help you get the most from your savings account.
Here’s my 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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June’s savings news
Cash ISA review is coming
You’ve probably seen the return of headlines speculating on ISA reforms, only a few months after they first appeared. So what’s changed?
Well, it’s been reported that an official Treasury review of ISAs will begin in July. In theory, anything could be on the table, though Chancellor Rachel Reeves told the BBC that she’ll be keeping the overall £20,000 ISA allowance.
That’s good news, though in reality most savers and investors have nowhere near enough new money to deposit each financial year. And it doesn’t rule out changes to the Cash ISA limit, with that £4,000 cap still rumoured.
The reason? To get more people investing rather than saving, which the government think will help boost the economy. Reeves said in her BBC interview that “A lot of money is put into cash or bonds when it could be invested in equities, in stock markets, and earn a better return for people”.
We’ll also hopefully see some changes to the Lifetime ISA, and perhaps simplification of the whole ISA process (though a lower or separate Cash ISA allowance wouldn’t necessarily help there).
We’ll update you when the review is announced, and of course anything that comes from it, which I’d imagine would be part of the Budget in the autumn.
Nationwide offer customers 5% fixed bond
If you had a current account, savings account or mortgage with Nationwide on 28 May 2025 you’ll be able to access this high paying 18 month fixed bond. It’ll pay a fixed rate of 5%. It’s part of the annual Fairer Share give back to customers.
NatWest regular saver rate cut
The Digital Regular Saver from Natwest and RBS will now pay 5.5%, down from 6.17%. This change took place on 30 May 2025.
It’s still a decent account to consider as unlike most other regular and monthly savers, this account doesn’t automatically close after 12 months. Instead you can keep earning the interest rate on balances of up to £5,000 – meaning in the longer term it can earn you more than other options. Here’s our full review of the Digital Regular Saver.
Chase offers six month boost
If you have a Chase current account, then take a look to see if you’ve also been offered a 1.8% bonus for six months on a new savings account.
The total rate on this account was first advertised as 4.8%, but it’s now 4.55%, since it follows the Bank of England base rate, which was cut by 0.25% in May.
You’ll also be able to beat 4.55% in the best paying accounts elsewhere, though if you like to keep things in one app for convenience it’s worth a look.
LHV offers 3.25% in new current account
3.25% is easily beatable – but not if you want to keep some of your money in your current account itself. In that case the new current account from LHV is one of the better options available. However, it’s a new account so relatively limited – for example, setting up direct debits is “coming soon”. One to keep an eye on rather than sign up for straight away.
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June’s savings offers
We’ll share any other deals in our savings deals page if any more come along.
Raisin: £100 welcome offer
Until midday on 16 June 2025, Raisin is offering a £100 welcome bonus if you open a savings account via our link and fund it with at least £10,000 by 30 June. You’ll need the code WELCOME100 for this.
This applies to easy access accounts and notice accounts, as long as you keep the money in the account for at least 6 months, and fixed rate accounts with a term of 6 months or over.
For £10,000 in a 12-month fix, this is effectively 1% added to the account rate. The best option on Raisin right now is a 4.37% account, so you’ll get £437 plus £100, which is £537, or 5.37%
Better is a six-month fix where that £100 works out as a 2% increase (though of course you won’t have the money saved there for a full year). The top one here is 4.4% from ISBank, so you’ll effectively get 6.4% on your cash, which would be £320.
The more money deposited and longer you save will reduce this effective rate.
Knowing this will help you compare Raisin accounts to other rates.
Within 14 days of meeting the eligibility criteria (so 6 and a half months from now), you’ll get the bonus.
To get the offer:
- Click on the below link, which will add the promo code WELCOME100
- Sign up for a new Raisin UK Account by 16 June 2025
- Apply for and open a savings account
- Put at least £10,000 into your new savings account by midday on 30 June 2025.
If you need to access the money within 6 months, you won’t get the bonus.
Can you earn extra on your savings?
Check out our list of the best savings special offers
Top savings accounts for June 2025
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.
Current account linked saver picks as of 2/6/25
- Santander Edge Saver (6% AER variable, includes 2% bonus for 12 months): max £4,000
- Nationwide FlexDirect (5% AER variable for 12 months only): max £1,500
Easy access ISA picks as of 2/6/25
- Trading 212 (4.81% AER variable including a bonus of 0.71% for a year)
- Tembo Money (4.80% AER variable) – highest if ineligible for new customer bonuses elsewhere
Easy & limited access picks as of 2/6/25
- Cahoot Rainy Day Saver (5% AER variable): max £3,000
- Atom (4.75% AER variable)
- drops to 2.5% in months you make a withdrawal
- Snoop (4.6% AER variable)
- Chip Instant Access (4.56% AER variable): min £0 / £1m
- Includes 1.32% bonus for 12 months
Notice accounts picks as of 2/6/25
- 3 months notice Oak North via Prosper (4.74% AER variable): 95-days notice
Fixed savings accounts picks as of 2/6/25
- 6 months IS Bank via Raisin (4.4% AER fixed)
- Plus £100 bonus via our link
- 12 months Hampshire Trust Bank (4.45% AER fixed)
- 12 months National Bank of Egypt via Raisin (4.37% AER fixed)
- Plus £100 bonus via our link
- 18 months Nationwide (5% AER fixed)
- Must have been existing Nationwide member on 28 May 2025 to open
- 18 months Oxbury Bank (4.45% AER fixed)
- 2 year Hampshire Trust Bank (4.44% AER fixed)
- 3 year Birmingham Bank (4.45% AER fixed)
- 4 year JN Bank (4.4% AER fixed)
- 5 year Birmingham Bank (4.45% AER fixed)
Fixed ISA accounts picks as of 2/6/25
- 12 months Virgin Money (4.27% AER fixed)
- 2 years Cynergy (4.17% AER fixed)
- 3 years UBL (4.17% AER fixed)
- 4 years UBL (4% AER fixed)
- 5 years UBL (4.17% AER fixed)
Lifetime ISA pick as of 2/6/25
- Plum Cash Lifetime ISA (4.75% AER variable)
Regular Saver accounts picks as of 2/6/25
We’ve got a dedicated Regular Saver best buy article, so you can see further details and more rates there.
- Principality Building Society 6-month regular saver (7.5% AER fixed): min £0 / max £200 a month
- First Direct Regular Saver (7% AER fixed): min £25 / max £300 a month
- requires a First Direct current account
- Co-operative Bank Regular Saver (7% variable): min £1 / max £250 a month
- Requires a Co-op Bank current account
- Nationwide Flex Regular Saver (6.5% AER variable): min £1 / max £200 per month
- max 3 withdrawals per year, after which your rate drops to 2.15%.
- Requires Nationwide current account
The best monthly savings accounts
Check out our list of the highest paying regular or monthly savings accounts.
