Compare the best UK savings account interest rates across easy access, notice accounts, fixed-term bonds, regular savers, and Cash ISAs. Updated regularly to help you find the highest AER for your cash. FSCS protected up to £120,000.
Best Savings Account Interest Rates
Compare the best UK savings account interest rates across easy access, notice accounts, fixed-term bonds, regular savers, and Cash ISAs. Updated regularly to help you find the highest AER for your cash. FSCS protected up to £120,000.
FSCS protected: Savings up to £120,000 per person, per bank are protected by the Financial Services Compensation Scheme.
Compare Savings Rates
296 accounts compared
Search
Account Type
I Want To Save
Updated
| Account | Interest Rate ▼ | Rate | Type | |
|---|---|---|---|---|
 | 7.10% AER Paid monthly · Reinvested | Fixed 12 months | Regular Savings 12 month term | 7.10% AER Go to site→More info |
 | 7.00% AER Paid at end · Reinvested | Fixed 12 months | Regular Savings 12 month term | 7.00% AER Go to site→More info |
 | 7.00% AER Paid at end · Reinvested | Fixed 12 months | Regular Savings 12 month term | 7.00% AER Go to site→More info |
 | 6.50% AER Paid yearly · Reinvested | Fixed 12 months | Regular Savings 12 month term | 6.50% AER Go to site→More info |
 Lloyds Bank Club Lloyds Monthly Saver Max: £400/month | Min: £25/month | Interest reinvested | 6.25% AER Paid yearly · Reinvested | Fixed 12 months | Regular Savings 12 month term | 6.25% AER Go to site→More info |
 Harpenden Building Society 18-30 Regular Saver (Issue 1) Max: £200/month | Interest reinvested | 6.00% AER Paid at end · Reinvested | Fixed 12 months | Regular Savings 12 month term | 6.00% AER Go to site→More info |
 Monmouthshire Building Society Regular Saver Issue 8 Max: £500/month | Min: £1/month | Interest: your choice | 6.00% AER Paid at end · Your choice | Fixed 12 months | Regular Savings 12 month term | 6.00% AER Go to site→More info |
 Vernon Building Society Online Regular Saver Max: £250/month | Min: £25/month | Interest reinvested | 5.75% AER Paid yearly · Reinvested | Fixed 12 months | Regular Savings 12 month term | 5.75% AER Go to site→More info |
 | 5.50% AER Paid yearly · Reinvested | Fixed 12 months | Regular Savings 12 month term | 5.50% AER Go to site→More info |
 | 5.50% AER Paid yearly · Reinvested | Fixed 12 months | Regular Savings 12 month term | 5.50% AER Go to site→More info |
 Manchester Building Society Manchester Regular Saver (Issue 1) Max: £500/month | Interest reinvested | 5.40% AER Paid yearly · Reinvested | Fixed 12 months | Regular Savings 12 month term | 5.40% AER Go to site→More info |
| 5.25% AER Paid yearly · Reinvested | Fixed 12 months | Regular Savings 12 month term | 5.25% AER Go to site→More info |
 | 5.25% AER Paid monthly · Reinvested | Fixed 12 months | Regular Savings 12 month term | 5.25% AER Go to site→More info |
 Royal Bank Of Scotland Digital Regular Saver Max: £150/month | Min: £1/month | Interest reinvested | 5.25% AER Paid monthly · Reinvested | Fixed 12 months | Regular Savings 12 month term | 5.25% AER Go to site→More info |
 | 5.25% AER Paid yearly · Your choice | Fixed 12 months | Regular Savings 12 month term | 5.25% AER Go to site→More info |
 Newcastle Building Society Newcastle Regular Saver (Issue 1) Max: £200/month | Interest reinvested | 5.15% AER Paid yearly · Reinvested | Fixed 12 months | Regular Savings 12 month term | 5.15% AER Go to site→More info |
 Chorley Building Society Regional 2 Year Flexible Saver (31.03.2028) Max: £400/month | Min: £25/month | Interest paid out | 5.00% AER Paid yearly · Paid out | Fixed 12 months | Regular Savings 12 month term | 5.00% AER Go to site→More info |
Chorley Building Society Regular Saver (31.03.2027) Max: £400/month | Min: £25/month | Interest paid out | 5.00% AER Paid at end · Paid out | Fixed 12 months | Regular Savings 12 month term | 5.00% AER Go to site→More info |
 | 5.00% AER Paid at end · Reinvested | Fixed 12 months | Regular Savings 12 month term | 5.00% AER Go to site→More info |
 Principality Building Society 6 Month Regular Saver (Issue 6) Max: £200/month | Min: £1/month | Interest reinvested | 5.00% AER Paid at end · Reinvested | Fixed 12 months | Regular Savings 12 month term | 5.00% AER Go to site→More info |
 | 5.00% AER Paid at end · Your choice | Fixed 12 months | Regular Savings 12 month term | 5.00% AER Go to site→More info |
 West Brom Building Society Fixed Rate Regular Saver (Issue 8) Max: £200/month | Min: £1/month | Interest: your choice | 5.00% AER Paid at end · Your choice | Fixed 12 months | Regular Savings 12 month term | 5.00% AER Go to site→More info |
 Suffolk Building Society Online Fixed Rate Regular Saver (30.04.2027) Max: £300/month | Min: £10/month | Interest reinvested | 4.90% AER Paid yearly · Reinvested | Fixed 12 months | Regular Savings 12 month term | 4.90% AER Go to site→More info |
 | 4.80% AER Paid yearly · Your choice | Fixed 12 months | Regular Savings 12 month term | 4.80% AER Go to site→More info |
Newcastle Building Society First Home Regular Saver (Issue 1) Max: £500/month | Interest reinvested | 4.80% AER Paid yearly · Reinvested | Fixed 12 months | Regular Savings 12 month term | 4.80% AER Go to site→More info |
 Darlington Building Society 12 Month Regular Saver Issue 3 Max: £250/month | Interest: your choice | 4.75% AER Paid at end · Your choice | Fixed 12 months | Regular Savings 12 month term | 4.75% AER Go to site→More info |
 | 4.75% AER Paid at end · Reinvested | Fixed 12 months | Regular Savings 12 month term | 4.75% AER Go to site→More info |
Principality Building Society 1 Year Regular Saver Bond (Issue 37) Max: £250/month | Min: £1/month | Interest reinvested | 4.75% AER Paid yearly · Reinvested | Fixed 12 months | Regular Savings 12 month term | 4.75% AER Go to site→More info |
 | 4.75% AER Paid monthly | Variable Can change | Easy Access Instant access | 4.75% AER Go to site→More info |
 | 4.70% AER Paid yearly · Your choice | Fixed 12 months | Regular Savings 12 month term | 4.70% AER Go to site→More info |
 | 4.65% AER Paid at end · Reinvested | Fixed | Fixed Rate Bonds | 4.65% AER Go to site→More info |
| 4.65% AER Paid yearly · Reinvested | Fixed | Fixed Rate Bonds | 4.65% AER Go to site→More info |
 | 4.61% AER Paid yearly · Your choice | Fixed | Fixed Rate Bonds | 4.61% AER Go to site→More info |
M Market Harborough Building Society Fixed Term Bond 11 (31.07.2031) Min: £5,000 | Max: £500,000 | Interest: your choice | 4.60% AER Paid yearly · Your choice | Fixed | Fixed Rate Bonds | 4.60% AER -More info |
M Market Harborough Building Society Fixed Term Bond 12 (31.07.2031) Min: £5,000 | Max: £500,000 | Interest: your choice | 4.60% AER Paid monthly · Your choice | Fixed | Fixed Rate Bonds | 4.60% AER -More info |
| 4.60% AER Paid yearly · Your choice | Fixed | Fixed Rate Bonds | 4.60% AER Go to site→More info |
| 4.60% AER Paid at end | Fixed | Fixed Rate Bonds | 4.60% AER Go to site→More info |
 | 4.58% AER Paid monthly | Variable Can change | Cash ISAs (Easy Access) Instant access | 4.58% AER Go to site→More info |
 | 4.56% AER Paid yearly · Paid out | Fixed | Fixed Rate Bonds | 4.56% AER Go to site→More info |
 | 4.55% AER Paid yearly · Your choice | Fixed | Fixed Rate Bonds | 4.55% AER Go to site→More info |
| 4.55% AER Paid yearly · Reinvested | Fixed | Fixed Rate Bonds | 4.55% AER Go to site→More info |
| 4.55% AER Paid yearly · Reinvested | Fixed | Fixed Rate Bonds | 4.55% AER Go to site→More info |
 | 4.55% AER Paid at end | Fixed | Fixed Rate Bonds | 4.55% AER Go to site→More info |
 RCI Bank UK 2 Year Fixed Term Savings Account Min: £1,000 | Max: £1,000,000 | Interest: your choice | 4.55% AER Paid yearly · Your choice | Fixed | Fixed Rate Bonds | 4.55% AER Go to site→More info |
A AlRayan Bank Meteor Savings - 1 Year Fixed Term Deposit Min: £1,000 | Max: £1,000,000 | 4.53% AER | Fixed | Fixed Rate Bonds | 4.53% AER -More info |
M MBNA Fixed Saver 1 Year Min: £1,000 | Max: £750,000 | 4.52% AER Paid at end | Fixed | Fixed Rate Bonds | 4.52% AER -More info |
H Habib Bank Zurich plc HBZ Fixed Rate e-Deposit Account Min: £5,000 | Max: £1,000,000 | 4.51% AER Paid at end | Fixed | Fixed Rate Bonds | 4.51% AER -More info |
H Habib Bank Zurich plc HBZ Sirat e-Deposit Account Min: £5,000 | Max: £1,000,000 | Interest paid out | 4.51% AER Paid out | Fixed | Fixed Rate Bonds | 4.51% AER -More info |
 | 4.51% AER Paid yearly · Your choice | Fixed | Fixed Rate Bonds | 4.51% AER Go to site→More info |
 Kent Reliance 1 Year Fixed Rate Bond - Issue 28 Min: £1,000 | Max: £1,000,000 | Interest: your choice | 4.51% AER Paid yearly · Your choice | Fixed | Fixed Rate Bonds | 4.51% AER Go to site→More info |
UK Savings Account Interest Rates
I built this comparison to show the best savings rates in one place. The tables above compare easy access accounts, notice accounts, fixed-rate bonds, regular savers, and Cash ISAs from UK banks and building societies. Rates change frequently, so I update this regularly. Nothing here is financial advice – just the facts to help you compare.
Types of Savings Accounts
Savings accounts come in several types, each with different access rules and interest rates. Generally, the more restrictions on access, the higher the rate.
Easy Access
Withdraw anytime without penalty. Rates are variable and can change at any time. Some accounts limit the number of withdrawals per year. Useful for emergency funds or money that might be needed at short notice.
Notice Accounts
Must give notice (typically 30, 60, 90, or 120 days) before withdrawing. Rates are usually higher than easy access but lower than fixed. Some allow instant access with an interest penalty.
Fixed-Rate Bonds
Lock money away for a set term (typically 1-5 years) at a guaranteed rate. Usually offer the highest rates. Early withdrawal is often not allowed, or comes with a significant penalty.
Regular Savers
Deposit a fixed amount monthly (often £25-£500). Often offer high headline rates, but limited to 12 months and capped deposits. The actual interest earned is less than it appears because the balance builds gradually.
Cash ISA (Easy Access)
Easy access savings within the ISA tax wrapper. Interest is tax-free. Shares the £20,000 annual ISA allowance with other ISA types. Rates often slightly lower than taxable easy access accounts.
Cash ISA (Fixed)
Fixed-rate savings within the ISA tax wrapper. Interest is tax-free. Lock-in periods typically 1-5 years. Early access usually not permitted or incurs penalties.
AER Explained
AER stands for Annual Equivalent Rate. It’s the standard way to compare savings accounts because it shows the true yearly interest rate, taking into account how often interest is paid.
AER vs Gross Rate
The gross rate is the basic interest rate. The AER shows what you’d actually earn over a year. If interest is paid annually, they’re the same. If interest is paid monthly, the AER is slightly higher – because each month’s interest gets added to your balance and itself earns interest the following month.
Example: An account paying 4.89% gross with monthly interest has an AER of 5.00%. The difference is small, but it adds up on larger balances.
Monthly vs Annual Interest
- Monthly interest: Interest is calculated and added to the account each month. Useful if you want to withdraw interest as income, or if you want each month’s interest to start earning interest too.
- Annual interest: Interest is calculated daily but only paid once a year (usually on the anniversary of opening). Same AER, but the interest doesn’t hit your account until the year ends.
When comparing accounts, always use the AER – all providers must display it.
Tax on Savings Interest
Interest earned on savings accounts is taxable as income, but most people pay nothing thanks to the Personal Savings Allowance.
Personal Savings Allowance (PSA)
The Personal Savings Allowance lets you earn a certain amount of interest tax-free each year:
| Tax Band | Personal Savings Allowance | Tax-Free Interest at 5% AER |
|---|---|---|
| Basic rate (20%) | £1,000 | Up to £20,000 in savings |
| Higher rate (40%) | £500 | Up to £10,000 in savings |
| Additional rate (45%) | £0 | No allowance |
Starting Rate for Savers
If total non-savings income (salary, pension, etc.) is below £17,570, there’s an extra £5,000 of interest that can be earned tax-free. This is on top of the Personal Savings Allowance. See GOV.UK guidance for details.
Cash ISAs
Interest in a Cash ISA is always tax-free, regardless of how much is earned. Additional rate taxpayers get no PSA, so all their savings interest outside a Cash ISA is taxable.
Tax collection: Banks report interest to HMRC automatically. If tax is owed, it’s usually collected through PAYE (taken from salary or pension) or Self Assessment. There’s no need to do anything unless the figures are wrong.
Cash ISA Rules
Cash ISAs are savings accounts where interest is completely tax-free. They share rules with other ISA types:
Annual Allowance
The £20,000 annual ISA allowance is shared across all ISA types – Cash ISA, Stocks & Shares ISA, Innovative Finance ISA, and Lifetime ISA. Money put into a Cash ISA reduces what can go into other ISAs that year.
Multiple Cash ISAs
Since April 2024, you can pay into multiple Cash ISAs in the same tax year (previously limited to one). Cash ISAs from previous years can be held with different providers.
Flexible vs Standard Cash ISAs
| Standard Cash ISA | Flexible Cash ISA | |
|---|---|---|
| Withdraw and replace | Withdrawn money uses up allowance | Can replace withdrawals in same tax year |
| Example | Withdraw £5,000 → only £15,000 allowance left | Withdraw £5,000 → can put £5,000 back and keep full allowance |
Cash ISA Transfers
Cash ISAs can be transferred between providers without losing the tax-free status. Transfers from previous tax years can be partial or full. Transfers from the current tax year must be the full balance. Withdrawing and redepositing doesn’t count as a transfer – it uses up allowance.
Note: From April 2027, the annual Cash ISA allowance is being reduced to £12,000 for under-65s. The overall £20,000 ISA limit remains, but the additional £8,000 must go into other ISA types (e.g. Stocks & Shares). Over-65s keep the full £20,000 Cash ISA allowance. This doesn’t affect 2025/26 or 2026/27. See GOV.UK announcement.
NS&I (National Savings & Investments)
NS&I is the government’s savings bank. Unlike high street banks, NS&I savings are backed by HM Treasury, meaning 100% of deposits are guaranteed – there’s no £85,000 or £120,000 limit.
NS&I Products
- Premium Bonds: Prize draw instead of interest. Each £1 bond is entered into monthly draws with prizes from £25 to £1 million. Tax-free. Maximum holding £50,000.
- Income Bonds: Variable rate, monthly interest, easy access. Minimum £500.
- Direct Saver: Variable rate easy access. Online only. Minimum £1.
- Fixed-rate bonds: Guaranteed Savings Bonds and other fixed-term products at various terms.
Pros and Cons
| Advantages | Disadvantages |
|---|---|
| 100% government-backed (no limit) | Rates often lower than best-buy accounts |
| Premium Bond prizes are tax-free | Premium Bond returns are luck-based |
| Well-established, trusted provider | Limited product range |
NS&I rates are set by the government and can change. They’re sometimes competitive, sometimes not – it’s worth comparing with other providers.
FSCS Protection
Cash deposits with UK-regulated banks and building societies are protected by the Financial Services Compensation Scheme (FSCS):
- Protection limit: Up to £120,000 per person, per banking licence
- Temporary high balances: Up to £1.4 million for 6 months for certain events (house sale, inheritance, redundancy, etc.)
December 2025 update: The deposit protection limit increased from £85,000 to £120,000 on 1 December 2025. The temporary high balance limit also increased from £1 million to £1.4 million. See FSCS announcement.
Shared Banking Licences
Some banks share the same banking licence, meaning the £120,000 protection limit is shared across them. Examples:
- Lloyds Banking Group: Lloyds, Halifax, Bank of Scotland, Scottish Widows Bank – one shared £120,000 limit
- NatWest Group: NatWest, RBS, Ulster Bank – one shared £120,000 limit
- Santander UK: Santander, Cahoot – one shared £120,000 limit
Check our FSCS Protection Checker to see which banks share limits.
Joint accounts: Joint accounts are protected up to £240,000 (£120,000 per person). Each person’s share counts towards their individual limit with that banking group.
Savings Account FAQ
What is AER?
AER stands for Annual Equivalent Rate. It shows the interest rate as if interest was paid and compounded once per year, making it easier to compare accounts that pay interest at different intervals. All UK savings accounts must display the AER.
Do I pay tax on savings interest?
Most people don’t, thanks to the Personal Savings Allowance. Basic rate taxpayers can earn £1,000 in interest tax-free, higher rate taxpayers £500. Additional rate taxpayers get no allowance. Interest in Cash ISAs is always tax-free regardless of the amount.
What’s the FSCS protection limit for savings?
Up to £120,000 per person, per authorised banking firm. This increased from £85,000 in December 2025. Some banks share a licence, meaning the limit is shared across them. NS&I has no limit as it’s 100% government-backed.
What’s the difference between a Cash ISA and a normal savings account?
Interest in a Cash ISA is completely tax-free. Normal savings accounts are subject to income tax on interest above the Personal Savings Allowance. Cash ISAs share the £20,000 annual ISA allowance with other ISA types.
Can I have more than one Cash ISA?
Yes. Since April 2024, you can pay into multiple Cash ISAs in the same tax year. You can also hold Cash ISAs from previous years with different providers.
What is a flexible Cash ISA?
A flexible Cash ISA allows withdrawals to be replaced within the same tax year without using up additional allowance. With a standard Cash ISA, any withdrawal permanently reduces the amount that can be deposited that year.
What’s the difference between easy access and notice accounts?
Easy access accounts allow withdrawals at any time with no notice. Notice accounts require advance notice (typically 30-120 days) before withdrawing. Notice accounts usually offer higher interest rates in exchange for the reduced flexibility.
Are Premium Bonds worth it?
Premium Bonds offer prize draws instead of guaranteed interest. The prize fund rate (currently 3.60%) represents the average return, but individual results vary based on luck. Prizes are tax-free and deposits are 100% government-backed with no limit. Whether they’re ‘worth it’ depends on individual circumstances and attitude to the prize-draw format.
What is the starting rate for savers?
An additional 0% tax band of up to £5,000 for savings interest, available to those with non-savings income below £17,570. This is on top of the Personal Savings Allowance and can mean up to £6,000 in tax-free interest for basic rate taxpayers with low incomes.
How do I transfer a Cash ISA?
Contact the new provider and request a transfer – they handle the paperwork. Transfers from previous tax years can be partial or full. Transfers from the current tax year must be the full balance. Always use the official transfer process; withdrawing and redepositing counts against the annual allowance.
What happens to a fixed-rate bond if I need the money early?
Most fixed-rate bonds don’t allow early access at all. Some permit it with a penalty, typically losing 90-180 days of interest. Check the terms before opening – if there’s any chance the money might be needed, a notice account or easy access account may be more suitable.
Do banks share FSCS protection limits?
Some do. Banks operating under the same banking licence share one £120,000 protection limit. For example, Lloyds, Halifax, and Bank of Scotland share one limit. Check the FSCS website or our protection checker to see which banks are linked.
Is NS&I protected by FSCS?
NS&I isn’t covered by FSCS because it doesn’t need to be – it’s backed by HM Treasury, meaning 100% of deposits are guaranteed by the government. There’s no upper limit on protection.
What is a regular saver account?
An account requiring a fixed monthly deposit (often £25-£500) for 12 months. Often advertise high headline rates, but because the balance builds gradually, the actual interest earned is less than the rate suggests. Usually limited to one per person and may require a linked current account.
Are savings rates going up or down?
Savings rates broadly follow the Bank of England base rate, though not exactly. When the base rate rises, savings rates tend to rise; when it falls, they tend to fall. Individual banks set their own rates and may change them at different times.
About This Comparison
This table shows current interest rates from UK banks and building societies. Rates are updated regularly but can change at any time – check the provider’s website for the latest rates before opening an account.
What’s included: Easy access accounts, notice accounts, fixed-rate bonds, regular savers, and Cash ISAs (both easy access and fixed). We include accounts that can be opened online or via an app from major UK providers.
What’s not included: Accounts that require branch visits or phone applications, accounts restricted to existing customers, children’s accounts, business accounts, or accounts with very limited availability. Current account interest is also excluded.
