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.
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Best savings account offers
Some accounts can be boosted by special offers, we’ll share the best here.
Raisin £100 offer
£100 bonus
Get a £100 boost when you sign up with the code WELCOME100 by 16 June 2025 and deposit £10,000 or more by 30 June.
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Additional Info
FSCS Protected: Yes
The effective rate assumes you'll leave the money saved in this account for 6 months. If you save more than £10,000 for this time, then the effective rate will decrease.
▲ £100 bonus
Get a £100 boost when you sign up with the code WELCOME100 by 16 June 2025 and deposit £10,000 or more by 30 June.
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Additional Info
FSCS Protected?: Yes
The effective rate assumes you'll leave the money saved in this account for 12 months. If you save more than £10,000 for this time, then the effective rate will decrease.
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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
Boosted rate for 12 months
New Trading 212 customers get an increase of 0.76% AER to 4.86% for 12 months
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Additional Info
Existing Trading 212 customers get a rate of 4.35%
FSCS Protected?: Yes
Allows transfers in?: Yes
Flexible ISA?: Yes
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Additional Info
FSCS Protected?: Yes
Allows transfers in: Yes
Flexible ISA?: No
▲ Full access
Limited balance
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Additional Info
FSCS Protected?: Yes
▲ Rate includes 0.56% bonus for 12 months on balances up to £85,000
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Additional Info
FSCS Protected: Yes, via OakNorth bank
Bonus: Rate includes 0.56% bonus for 12 months on balances up to £85,000
▲ New customer bonus for 6 months
4.5% gross variable rate applies for 6 months, and includes a bonus of 1.75% AER fixed for 6 months on top of the standard Chase saver variable rate, currently 2.75% AER (2.72% gross). Offer may be withdrawn at any time. 18+, UK residents. Chase current account required. Interest paid monthly. T&Cs: chase.co.uk/saver-boosted
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Additional Info
FSCS Protected: Yes
▲ Limited access
Limited access
Rate drops after 3 withdrawals. New customers must enter code EASY12 to get 1.42% bonus for 12 months
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Additional Info
FSCS Protected?: Yes
Bonus: Rate includes 1.42% bonus for 12 months.
After three withdrawals within 12 months the rate will revert to 2.67% AER (variable tracker with boost applied) or 1.2% AER (variable tracker)
Bonus: Includes 1.42% bonus if kept for 12 consecutive months (no bonus paid for transfers in)
▲ Lower rate of 3% in months that you make a withdrawal
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Additional Info
FSCS Protected: Yes
Note: Lower rate of 3% in months that you make a withdrawal
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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
95-day notice
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Additional Info
FSCS Protected?: Yes
Bonus: Rate includes 0.39% bonus for 12 months
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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
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Additional Info
Requires Santander Edge current account (£3 monthly fee)
You can open one Edge Saver with a personal account and two Edge Savers with a joint account
FSCS Protected: Yes
Bonus: Includes 2% bonus for 12 months
▲ Interest earned in current account
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Interest is earned in the main current account
After first year drops to 1%
FSCS Protected: Yes
▲ Rate tracks the base rate minus 1.1%
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Additional Info
Interest is earned in the main current account
FSCS Protected: Yes
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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
Six month fixes
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FSCS Protected: Yes
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FSCS Protected: Yes
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FSCS Protected: Yes
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FSCS Protected: Yes
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Best 12-month fixes
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FSCS Protected?: Yes
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FSCS Protected?: Yes
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FSCS Protected?: Yes
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FSCS Protected?: Yes
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FSCS Protected?: Yes
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Best 18-month fixes
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FSCS Protected?: Yes
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FSCS Protected?: Yes
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FSCS Protected?: Yes
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Best two-year fixes
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FSCS Protected?: Yes
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FSCS Protected?: Yes
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FSCS Protected?: Yes
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FSCS Protected?: Yes
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FSCS Protected?: Yes
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Best three-year fixes
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FSCS Protected?: Yes
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FSCS Protected?: Yes
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FSCS Protected?: Yes
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FSCS Protected?: Yes
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FSCS Protected?: Yes
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Best four-year fixes
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FSCS Protected?: Yes
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FSCS Protected?: Yes
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FSCS Protected?: Yes
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Best five-year fixes
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FSCS Protected?: Yes
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FSCS Protected?: Yes
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FSCS Protected?: Yes
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FSCS Protected?: Yes
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FSCS Protected?: Yes
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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.
6-months
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Additional Info
FSCS Protected: Yes
▲ Requires First Direct current account.
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Additional Info
FSCS Protected: Yes
Matures after 12 months
▲ Requires a Co-op Bank current account
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Additional Info
FSCS Protected: Yes
▲ Requires a Nationwide current account
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Additional Info
FSCS Protected: Yes
You'll get a lower rate of 1.75% paid for rest of term if four or more withdrawals are made
After 12 months it reverts to an instant saver account
▲ Requires a Virgin Money current account
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Additional Info
FSCS Protected: Yes
Fixed until 29 May 2026 when it'll revert to astandard savings account
You can only have one Regular Saver Exclusive at a time
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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 – 3.8% prize rate
The prize rate for Premium Bonds stands at 3.8% from the April 2025 draw onwards. This doesn’t mean you’ll get 3.8% 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.
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.