October 2025’s savings round-up & news

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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October’s savings news

No more base rate cuts this year?

With inflation at 3.8% and due to reach 4% soon, it’s now predicted that it’ll average around the 3.5% mark for rest of the year. This is a big part of why at September’s base rate annoucement the Bank of England kept the rate at 4%.

There are different predictions as to whether we’ll see another cut this year. There’s certainly the potential for one in November, though the Budget is set for later that month, so the BoE might want to wait and see what’s announced there. And beyond that it could be just one or two more in 2026.

What this means for your savings is there should be less movement – though unless you have a tracker rate savings account it’s never that simple.

Cash ISA changes still on the cards?

Speaking of the Budget, we’ll know if there are any reforms to Cash ISAs in the Government’s plans on 26 November 2025.

The rumours of new ISA rules focussed on reducing the annual limit for new contributions, but plans to announce something in the summer were paused after a backlash.

We’ll obviously been keeping a keen eye on any updates before the event, and will let you know if anything concrete is happening.

LISA reform unlikely

However, don’t expect any of the much needed changes to the Lifetime ISA to be part of those Budget announcements.

The Government has responded to a Treasury Committee review of how these products work – and it’s not good news.

Regarding the 25% penalty for withdrawing your savings or investments in these accounts for anything other than buying a first home or retirement, the Government said “…the withdrawal charge ensures that the LISA has been used for its intended purposes: homeownership for first time buyers or later life savings“

It also dismissed a call for LISAs to not count towards Universal Credit assessments – despite that penalty charge.

There was also support to keep the £450,000 cap on using a LISA for your first home, despite prices easily exceeding that in the South East.

New 6% regular saver from Darlington

There’s another new and decent paying regular saver that doesn’t require a linked current account or to be an existing customer.

It’s from Darlington Building Society and it pays 6%. You can deposit up to £250 a month. Do that each month for a year and you’ll earn £98 interest. However, a similar account from Monmouthshire allows double the deposit, making it a better option if you can afford to put more away. Check out all the best regular savers.

Chase offers some customers 2% boost

If you have a Chase account it’s worth taking a look at your app to see if you’re eligible for a 12 month boost worth 2%. The underlying rate tracks the base rate minus 1.5%, so right now you’d get 2.5% plus 2%, adding up to 4.5%.

I asked Chase what the criteria was to be offered this bonus, but they said it’s just “selected customers“.

If it’s available to you, you’ll find the offer in the “Save & Invest” tab or “Rewards hub” in your app.

Sidekick offers larger deposit protection

An interesting new account has been launched by Sidekick, aimed at those with money to save or invest that would take them over the Financial Services Compensation Scheme (FSCS) limit of £85,000.

The idea of the Multi Shield account is the deposits are spread across multiple banks in the background, increasing your cover to £255,000 – still under the FSCS.

Of course you can do that yourself by splitting the cash up manually, but it’s a nice idea if you want to keep things simple. That could be particularly useful if you don’t think you’ll need to keep it saved for long, but don’t forget up to £1 million can be protected for six months under certain circumstances, such as receiving an inheritance or selling a home.

The Sidekick Multi Shield account is paying a what appears to be a decent 4.48%, though in reality it’s lower since that includes a 1% bonus for six months which is only eligible on the first £85,000 saved.

October’s savings offers

We’ll share any other deals in our savings deals page if any more come along.

Top savings accounts for September 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 29/9/25

• Santander Edge Saver (6% AER variable, includes 2.5% bonus for 12 months) – max £4,000
• Nationwide (5% AER variable for 12 months) – max £1,500 – new customers only
• Chase Saver (4.5% AER variable, includes 2% bonus for 12 months) – new customers only

Easy & limited access picks as of 29/9/25

• Cahoot Sunny Day Saver (5% AER variable) – max £3,000, 12 months only
• Snoop (4.35% AER variable)
• Harpenden Building Society (4.31% AER variable) – single access only
• United Trust Bank (4.3% AER variable)

Easy access ISA picks as of 29/9/25

• Trading 212 (4.51% AER variable) – new customer rate only
• Plum (4.37% AER variable) – new customers only
• Harpenden Building Society (4.31% AER variable) – max one withdrawal a year
• Family Building Society (4.3% AER variable)

Notice accounts picks as of 29/9/25

• 3 months notice OakNorth (4.51% AER variable): 95-days notice
• 6 months notice Oxbury(4.55% AER variable): 180-days notice

Fixed savings accounts picks as of 29/9/25

• 6 months Aldermore (4.5% AER fixed)
• 9 months Atom (4.3% AER fixed)

• 12 months Oak North (4.45% AER fixed)
• 12 months NBE via Raisin (4.33% AER fixed + £100 bonus = 5.33% equivalent)

• 18 months Cynergy (4.25% AER fixed)
• 2 year JN Bank (4.43% AER fixed)
• 3 year JN Bank (4.44% AER fixed)

• 4 year JN Bank (4.4% AER fixed)
• 5 year Birmingham Bank (4.53% AER fixed)

Fixed ISA accounts picks as of 29/9/25

• 12 months Chetwood Bank (4.28% AER fixed)
• 2 years Bath Building Society (4.15% AER fixed)
• 3 years Darlington Building Society (4.2% AER fixed)
• 4 years United Trust Bank (4.1% AER fixed)
• 5 years Chetwood Bank via Hargreaves Lansdown (4.26% AER fixed)

Lifetime ISA pick as of 29/9/25

• Moneybox Lifetime ISA (4.6% AER variable)

Regular Saver accounts (exisiting customer) picks as of 29/9/25

• Zopa Regular Saver (7.1% AER variable): max £300 a month
  • requires a Biscuit (by Zopa) current account
• First Direct Regular Saver (7% AER fixed): max £300 a month
  • requires a First Direct current account
• Co-operative Bank Regular Saver (7% variable): max £250 a month
  • Requires a Co-op Bank current account

Regular Saver accounts (for all) picks as of 1/9/25

• Monmouthshire Building Society (6% AER variable): max £500 a month
• Darlington Building Society (6% AER variable): max £250 a month