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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June’s savings news
You might have seen a flurry of headlines and social media videos reacting to a report in The Telegraph about changes coming to the ISA next year.
The initial story quotes sources who claim there will be a 22% tax on interest earned from cash held in Stocks & Shares ISAs from next April. That something like this is coming shouldn’t be a shock – we’ve known this is likely since last year.
Nor should the 22% rate be a surprise. It makes sense that if they’re going to do this, it’d be at the same rate other cash savings outside of an ISA are going to be treated from the 2027/28 financial year.
What is interesting however is a subsequent story from the same reporters, and presumably the same sources, that say there could be a workaround for this.
Under the new rules, which should be published in full very soon, we already know that under 65s will only be able to save £12,000 in a Cash ISA. However they’ll still have the full £20,000 ISA allowance, meaning if someone wants to use it in full each year, at least £8,000 will need to be invested.
According to the Telegraph, if at least 1p of any money in a Stocks & Shares ISA is invested, then the rest will be able to be housed in cash-like funds, such as Money Market Funds and gilts, and any gain will remain tax-free. These can earn returns similar to cash savings, but have very low risk attached.
However, the actual details are yet to be released, and it sounds like they’ve been delayed yet again. We’ll share more when the full rules are announced.
Premium Bond prize rate increases next month
Earlier this year, NS&I reduced the Premium Bond prize rate, no doubt in anticipation of a cut to the base rate that was widely expected in the spring. However since the war in Iran, that cut is well off the the cards, and there could even be increases this year.
As a result, the prize rate on PBs is going up! From the July draw it’ll be 3.8%, up from the current 3.3%. The odds of winning will be slightly better, as will the number of prizes on offer.
These are mainly at the £50 and £100 levels, though there are small increases across all other denominations other than the top £1m, which remains at two prizes, and the lowest £5 prize, which will decrease by around 500,000 prizes.
The rate is still low though when compare to the best easy access savings. For most, Premium Bonds are only be worth it if you are likely to pay tax on some or all of your savings interest.
If that applies, or you’re just keen to have a flutter, there’s no point adding any money until the end of this month. That’s because you need to have money saved for a full calendar month to enter in to a draw. So new deposits will already have missed the July draw. But money you add before June ends will be eligible for August prizes.
Here’s more on how premium bonds work.
Nationwide launches 5% member bond
As part of its annual Fairer Share giveaway for customers, Nationwide has launched a 5% paying 15 month fixed term account. You can save up to £10,000 into the account, and it’s available to both Nationwide and Virgin Money customers.
Also, for those who received the £100 bonus as a customer, don’t forget this counts as interest when it comes to tax on savings.
Featured switching deal
Customer rating
4/5
- Switch bonus£180
- Offer endsUnknown
- FSCS Protected? Yes
- Switch bonus requirements Switch using the Current Account Switch Service and close your old account within 60 days of starting the switch
- Deposit requirements Deposit £1,500 in the first 60 days from opening the account
- Direct debits transferred over Set up two Direct Debits before or after the switch from a selected list of household bills
- Existing customers? Can't have held any Santander current account on 1 January 2025
- Restrictions Can't have received a switching bonus from Santander already, offer limited to once per person
- Eligible accounts Open a new or hold an existing Everyday, Edge, Edge Up or Edge Explorer current account
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Plus, new Quidco customers get a high paying £18 welcome offer
June’s savings offers
We’ll share any other deals in our savings deals page if any more come along.
Raisin: up to £150 bonus
Raisin: up to £150 welcome bonus
New Raisin customers can get a welcome bonus of up to £150. To get it, you need to register for a Raisin UK account using the code REWARD, open a fixed rate bond with a term of 1 year or longer and deposit a minimum of £25,000 by 8 June 2026.
The bonus depends on how much you deposit, which will impact your effective APR.
| Deposit amount | Bonus |
| £25,000 | £100 |
| £50,000+ | £150 |
The best paying one year account on the Raisin website is 4.7% AER. If you save £25,000 at this rate, the £100 bonus results in a total annual return (combined) of 5.10%. However on a balance of £50,000, it’s a lower 4.9% effective rate.
The offer is only for new customers and terms and conditions apply.
Can you earn extra on your savings?
Check out our list of the best savings special offers
Top savings accounts for June 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 3/6/26
| 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 |
| Top non digital account | — | — | — |
| Mansfield Building Society | Triple Access Bonus Saver | 4.25% AER variable | Only three withdrawals a year Apply by post or branch |
| Top easy access without restrictions | — | — | — |
| Hampshire Trust Bank | Online Easy Access | 4.2% AER variable | max £500,000 |
Notice accounts picks as of 3/6/26
| Bank | Account | Rate | Notes |
| Top two months notice | — | — | — |
| Oxbury Bank | 65 days notice | 4.17% AER variable | |
| Top three months notice | — | — | — |
| BLME | 90 days notice | 4.37% expected return variable | |
| Top four months notice | — | — | — |
| Oxbury Bank | 120 days notice | 4.19% AER variable | |
| Top six months notice | — | — | — |
| Stafford Building Society | 180 Days notice | 4.26% AER variable | Online, post and branch |
Fixed savings accounts picks as of 3/6/26
| Bank | Rate | Notes |
| Top 6 month fix | — | — |
| Al Rayan via Meteor | 4.45% expected return fixed | |
| Top 12 months fix | — | — |
| MBNA | 4.85% AER fixed | |
| Top 15 months fix | — | — |
| Nationwide | 5% AER fixed | Existing Nationwide or Virgin Money customers as of 20 May 2026 |
| Top 18 months fix | — | — |
| Hampshire Trust Bank | 4.73 AER fixed | |
| Top 2 year fix | — | — |
| Recognise Bank | 4.85% AER fixed | |
| Top 3 year fix | — | — |
| Oxbury Bank | 4.83% AER fixed | |
| Top 4 year fix | ||
| Thisbank | 4.82% AER fixed | |
| Top 5 year fix | — | — |
| Oxbury Bank | 4.88% AER fixed |
Fixed savings accounts picks for non digital applicants as of 3/6/26
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 | — | — |
| Tesco | 4.5% AER fixed | Online or phone |
| Top 2 year fix | — | — |
| Coventry Building Society | 4.7% AER fixed | Online, post, phone or branch |
| Top 3 year fix | — | — |
| Coventry Building Society | 4.75% AER fixed | Online, post, phone or branch |
| Top 5 year fix | — | — |
| Melton Building Society | 4.65% AER variable | Online, post and branch |
Regular Saver accounts picks as of 3/6/26
| Bank | Rate | Notes |
| Requires a current account (12 months) | — | — |
| First Direct | 7% AER fixed | max £300 a month |
| Club Lloyds | 6.25% AER fixed | max £400 a month |
| Requires a current account (6 months) | — | — |
| Zopa | 7.1% AER variable | Max £300 a month |
| Open to all | — | — |
| Monmouthshire Building Society | 6% AER fixed | Max £500 a month |
| Vernon Building Society | 5.75% AER fixed | Max £250 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 3/6/26
| Bank | Rate | Notes |
| Bonus rate for new customers only | ||
| Trading 212 | 4.76% | Flexible |
| Moneybox | 4.75% | Rate drops after three withdrawals |
| Top rates with no bonus | ||
| Atom | 4.25% | |
| Top for transfers | ||
| Moneybox | 4.75% | New customer bonus rate |
| Vanquis | 4.3% | 3 access only Flexible |
| Top for non-digital | ||
| Progressive Building Society | 4.2% | Post or branch 2 access only |
| Cambridge Building Society | 4.1% | Allows transfers Online, post, phone or branch |
ISA: Fixed savings ISAs picks as of 3/6/26
| Bank | Rate | Notes |
| Top 12 months fix | — | — |
| Hodge Bank | 4.67% AER fixed | |
| Top 2 year fix | — | — |
| RCI | 4.72% AER fixed | |
| Top 3 year fix | — | — |
| Close Brothers | 4.66% AER fixed | |
| Top 5 year fix | — | — |
| Close Brothers | 4.71% AER fixed |
ISA: Fixed savings ISAs for non-digital picks as of 3/6/26
| Bank | Rate | Notes |
| Top 12 months fix | — | — |
| UBL | 4.66% AER fixed | Online, post or branch |
| Top 2 year fix | — | — |
| Halifax/Lloyds/Bank of Scotland | 4.65% AER fixed | Online, phone or branch |
| Top 3 year fix | — | — |
| Nationwide Building Society | 4.6% AER fixed | Online or branch |
| Top 5 year fix | — | — |
| Halifax | 4.65% AER variable | Online, phone or branch |
The best Easy Access Cash ISA savings accounts
Check out our list of the highest paying easy access Cash ISAs
