Here are the highest paying savings accounts at the moment
After a few years of improving savings rates, thanks largely to the Bank of England base interest rate increases since 2021, we’re starting to see most rates drop back a lot, which could continue into 2025.
You want to make sure you’re getting the best rate on your savings, and this article will take you through the best options right now.
Some articles on the site contain affiliate links, which provide a small commission to help fund our work. However, they won’t affect the price you pay or our editorial independence. Read more here.
Get the best of our money saving content every Monday & Thursday, straight to your inbox
Plus an exclusive £20 welcome bonus for new Quidco members (Terms apply)
Best savings account offers
Some accounts can be boosted by special offers, we’ll share the best here.
Best easy access savings accounts
These are the most flexible accounts available, but as a result, you usually get lower rates. You can add and take your money out at any time. Some accounts may have limits to the number of withdrawals you can make each year.
Cash ISA
Full access
Limited access
Best current account linked easy access savings
Some of the best rates are in or linked to current accounts – or you might just want the convenience of having everything at the same bank (though that’s not always a good idea).
Anyone can open all of these accounts, though you will be credit-checked for opening the current account itself. They often have additional requirements or fees to consider. You may already have seen some of these listed in the easy and limited access lists above.
Interest earned in seperate savings account
Interest earned in current account
Best notice accounts
A notice account means you have to request to get your money and interest, which will be released after a set time. They often have a variable rate but if there’s a cut you’ll normally be given notice.
Three month notice
Best fixed savings accounts
You can fix your savings for a year or longer and get a slightly better rate in return. However, you need to be sure you won’t need access to that cash over that time. The longer you fix, the greater the risk you’ll lose out if rates were to rise. But at the same time, they’re protected if rates were to fall.
It’s worth noting too when longer fixes provide you with access to the interest. With most it’s at the end of the fix, meaning all that interest will count towards your personal savings allowance for the year you receive it.
Best fixes under a year
Nine month fixes
Six month fixes
Best 12-month fixes
Best 18-month fixes
Best two-year fixes
Best three-year fixes
Best four-year fixes
Best five-year fixes
Best Regular Savings accounts
These accounts are all “Regular” or monthly savers which work differently to normal saving accounts. Here’s Andy’s full guide to how they work.
We’ve listed the top paying options below. Find more regular savings accounts in our separate best buy guide.
The best monthly savings accounts
Check out our list of the highest paying regular or monthly savings accounts.
Best Cash ISAs
Though most of us don’t need the tax-free “wrapper” offered by an ISA, if you want to use one then the same goes in terms of finding the best rate.
Here are the top paying rates for each type, we’ve listed more options on our dedicated Best Cash ISA page.
Prize draw accounts
Premium Bonds – 3.6% prize rate
The prize rate for Premium Bonds stands at 3.6% from the August 2025 draw onwards. This doesn’t mean you’ll get 3.5% back on your savings, though the closer you are to the £50,000 maximum deposit, the closer you’ll get to the rate (on average). Here’s more.
Best children’s savings account
We’ve written in more detail about the different savings accounts for kids, so do check that article out to understand the conditions such as access and find all the top rates.
Best ethical savings account
The money you hold in your savings is used by the banks to invest and lend money. This could mean it’s used for things you might disagree with, such as fracking, tobacco or arms manufacturing.
There are banks with ethical policies such as Triodos, while building societies must lend 75% of their funds to home buyers, meaning they don’t have the cash to invest elsewhere.
Sharia accounts can’t be used for things against Islamic law, like tobacco or gambling and I’ve listed the top ones further down the article.
The “greenest” banks are Ecology Building Society and Triodos, though they won’t always make the tables above. The following banks and building societies are more likely to appear above.
- Nationwide
- Yorkshire Building Society
- Coventry Building Society
- Leeds Building Society
- Saffron Building Society
- Tandem Bank
- Castle Community Bank (credit unions)
There’s also the NS&I Green Bond, a 3-year fixed-rate account. It’s currently paying 2.95%. Here’s our analysis.
Top Sharia savings accounts
Paying interest isn’t allowed in Islam, so a Sharia-compliant savings account instead promises a return on the money saved – an expected profit rate. Though technically this means the rate isn’t guaranteed, it’s not happened yet. They’re open to everyone, not just Muslims. Money in these accounts won’t be invested in arms, tobacco, gambling or tobacco.
Look in the tables above for banks offering an expected profit rate rather than AER. The main banks are:
Finding the latest savings rates
We update this page once or twice a day (check the published date to see when it last happened), but if you find a rate has been cut or isn’t available, you can check the Moneyfacts website for a partial list.
