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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November’s savings news
Savings rates rise slow to increase following base rate change
The Bank of England increased the base rate to 4% at last week’s meeting, but movement on easy access accounts has been slow.
Though the likes of Chase, Atom, MoneyBox and Trading 212 have all improved what get, the options at the top are pretty much the same as they were last month. In fact, even if your existing provider has boosted returns, it doesn’t mean you can’t get more my moving your money elsewhere. You’ll see my picks below, and more options listed on our best buy tables.
The highest rate fixes meanwhile haven’t changed much either in the last week. That’s becayse this and future potential increases had already been priced in. However, many the best paying ones are up a little on a month ago, so it’s a good time to lock your money away.
Whether they’ve peaked is impossible to say. Another base rate hike is expected, most likely in February 2027, and potentially two or three more across next year. And the current rates take this into account. But that could all change very easily. It might be that fewer base rate hikes are anticipated, and we see rates drop back a little. In fact, the top paying 5-year fix from Afin dropped from 5.4% to 5.36% today.
The best way to mitigate potential volatility is to use a savings ladder. Locking in at the decent rate now, but giving you the option to get a better rate later if they happen.
ISA allowance change scrapped
If you missed our Budget coverage, you might not have seen that the Chancellor has reversed next April’s cut to the Cash ISA annual allowance. Rather than drop to £12,000 for under 65s, it’ll stay at £20,000.
Tax on interest up by 4% from April
Another measure in the Budget is another 2% to be added to tax on interest, on top of the additional 2% previously announced by former Chancellor Racheal Reeves last year.
This means you’ll pay the following on interest earned outside of tax-free allowances such as Cash ISAs, Premium Bonds and the Personal Savings Allowance.
So for a basic rate taxpayer it’ll be 24%, up from 20%. Higher rate taxpayers will now pay 44% rather than 40%. And for additional rate earners, it’ll go to 49% from 45%.
What does that look like for your wallet? Well, at the moment, £2,000 saved at 5% would earn you £100 before tax. Depending on your tax bracket, you already lose £20, £40 or £45 of that to the taxman. The extra tax will result in you keeping £4 less interest on top. That increases the more interest you earn. For £10,000 of interest, that’s £40 less.
But do remember, this is after those tax-free allowances. It’s only those earning high incomes or who have lots of savings interest each year that will face this.
Tembo launches 8% regular saver
There’s a new joint top of the table monthly saver from Tembo. It pays 8%, which is variable for 12 months. However it’s only for new Tembo savings customers. Otherwise you’ll get a far lower 3%.
You can pay in up to £250 a month. Putting in this max would give you a return of £128. Withdrawals are allowed, but you are still limited to £250 of deposits each month.
The initial 3% interest is paid monthly, and you can access and withdraw it, and the balance, at any time. However, the 5% bonus that takes you up to 8% is added after a year.
As I said, it’s a top paying rate, and this one doesn’t require you to have a current account too. My top picks are listed below, or you can see the wider list in our regular saver best buy tables.
Kroo offers 3% current account interest
If you have large balances in your current account you probably aren’t earning anything at all in interest. It’s best to move that cash to a high paying easy access account elsewhere, even for a short time. However if you really want to keep it in one place where you can see it, Kroo now offers a higher 3% rate on balances in the main account.
Lloyds offers interest upfront
A different approach to paying interest from Lloyds launched last month. Their Upfront Interest 1 Year bond allows you to get all the interest paid to a separate account within 20 days of opening it. You can then save it again, or spend it.
The problem is you’re sacrificing a higher interest rate. The Lloyds bond pays 4%, whereas the best one year fix is around 5.2% right now. Save £10,000 in the latter and you’ll earn £120 more! Even if you put the advance interest from Lloyds (£400 in our example), into the higher paying option, the total return would be just under £21. So all in £99 less. And that’s not accounting for the first three weeks or so before you can get the Lloyds interest.
And even if you’re desperate for the interest now, you’d still be better off taking it from your balance, and saving the rest. In our example, putting £9,600 (That’s the initial £10,000 minus £400 that Lloyd would have paid up) into the 5.2% account would earn £499 in interest!
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Featured deal
Customer rating
4.7/5
- Offerup to £300 in free shares*
- Annual fee£0
- Trading fee£0
- Minimum deposit£0
- FSCS Protected? Yes
- Transfer in existing ISA? Yes
- Interest on uninvested cash 4%
- Fractional shares No
- Flexible ISA Yes
- Foreign exchange fee 0.70%
- Fund fees If you invest in funds, you'll have to pay fund fees depending on the funds you choose
- Authorised and regulated by the Financial Conduct Authority Yes: FRN 944492
- Risk warning Capital at risk. The value of investments can go down as well as up.
- Offer Invest a minimum of £300 and get up to £300 in free shares. T&Cs apply. Other fees may apply.
- Authorised and regulated by the Financial Conduct Authority Yes: FRN 944492
- Risk warning Capital at risk. The value of investments can go down as well as up.
- Offer Invest a minimum of £300 and get up to £300 in free shares. T&Cs apply. Other fees may apply.
November’s savings offers
Santander: up to £400 in hotel vouchers for transferring your ISA
Santander is offering hotel vouchers in exchange for transferring your ISA. It’s launched a range of new fixed rate accounts, and if you make a transfer of £25,000 or more, you can get vouchers that can be used at over 1.5 million hotels worldwide.
The accounts include:
- 1 year fixed rate ISA: 4.5% AER fixed
- 2 year fixed rate ISA: 4.8% AER fixed
- 3 year fixed rate ISA: 4.8% AER fixed
- 5 year fixed rate ISA: 4.8% AER fixed
If you transfer between £25,000 and £49,999.99, you’ll get a £200 voucher. If you transfer £50,000 or more, you’ll get two £200 vouchers.
There’s not currently an end date for the offer, but it can be withdrawn at any time.
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
Top savings accounts for November 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 11/11/26
| 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) |
| 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 |
| Top easy access without restrictions | — | — | — |
| Cahoot | Simple Saver | 4.52% AER variable | Lasts one year |
| Top non digital account | — | — | — |
| Progressive Building Society | Double access saver | 4.5% AER variable | Only two withdrawals a year Apply by post or branch |
| Skipton Building Society | Bonus saver | 4.26% AER variable | Includes one year bonus Apply online, by branch, post or phone |
Fixed savings accounts picks as of 11/11/26
| Bank | Rate | Notes |
| Top 12 months fix | — | — |
| Al Rayan | 5.21% expected profit fixed | |
| Top 18 months fix | — | — |
| ISBank via Meteor | 5.15% AER fixed | |
| Top 2 year fix | — | — |
| Castle Trust Bank | 5.31% AER fixed | |
| Top 30 month fix | — | — |
| Nationwide (Member’s bond) | 5.3% AER fixed | |
| Top 3 year fix | — | — |
| Morgan Stanley via Raisin | 5.3% AER fixed | |
| Top 4 year fix | ||
| Market Harborough BS | 5.25% AER fixed | |
| Top 5 year fix | — | — |
| Afin | 5.36% AER fixed |
Fixed savings accounts picks for non digital applicants as of 11/11/26
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 | — | — |
| Melton Building Society | 5% AER fixed | Online, post or branch |
| Top 18 month fix | — | — |
| Tesco Bank | 4.85% AER fixed | Online or phone |
| Top 2 year fix | — | — |
| Scottish Building Society | 5.15% AER fixed | Online, post or branch |
| Top 3 year fix | — | — |
| Melton Building Society | 5.27% AER fixed | Online, post or branch |
| Top 5 year fix | — | — |
| Hinkley & Rugby Building Society | 5.07% AER variable | Post and branch |
Regular Saver accounts picks as of 11/11/26
| Bank | Rate | Notes |
| Requires a current account (12 months) | — | — |
| Santander | 8% AER fixed | Max £200 a month |
| First Direct | 7% AER fixed | Max £300 a month |
| Open to all | — | — |
| Tembo | 8% AER variable | Max £250 a month |
| Progressive Building Society | 7% 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 11/11/26
| Bank | Rate | Notes |
| Top rates with no bonus | ||
| Ecology Building Society | 4.65% | Allows transfers 2x access Online, post, phone or branch |
| Hargreaves Lansdown (powered by Shawbrook) | 4.52% | |
| Top rates with non standard Cash ISA | ||
| eToro | 4.94% | Not a standard Cash ISA Flexible New customers only |
| Top rates with bonus | ||
| Trading 212 | 4.75% including bonus (via our link only) | Flexible New customers only |
| Plum | 4.71% | Flexible New customers only |
| Top for transfers | ||
| Chip | 4.72% | New customers only (lower rate for existing) |
| Bank of Ireland | 4.3% including bonus | |
| Top for non-digital | ||
| Ecology Building Society | 4.65% | Allows transfers 2x access Online, post, phone or branch |
ISA: Fixed savings ISAs picks as of 11/11/26
| Bank | Rate | Notes |
| Top 12 months fix | — | — |
| Tandem | 5.03% AER fixed | |
| Top 18 months fix | — | — |
| West Brom Building Society | 5.2% AER fixed | |
| Top 2 year fix | — | — |
| Marsden Building Society | 5.16% AER fixed | |
| Top 3 year fix | — | — |
| Shawbrook Bank | 5.17% AER fixed | |
| Top 5 year fix | — | — |
| Shawbrook | 5.25% AER fixed |
ISA: Fixed savings ISAs for non-digital picks as of 11/11/26
| Bank | Rate | Notes |
| Top 12 months fix | — | — |
| UBL | 4.98% AER fixed | Online, post or branch |
| Top 2 year fix | — | — |
| UBL | 5.1% AER fixed | Online, post or branch |
| Top 3 year fix | — | — |
| UBL | 5.15% AER fixed | Online, post or branch |
| Top 5 year fix | — | — |
| UBL | 5.25% AER variable | Online, post or branch |
Lifetime ISA: Cash picks as of 11/11/26
| Bank | Rate | Notes |
| Plum | 5.07% AER fixed | Includes one year bonus for new customers |
| Tembo | 5.05% 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
