'Savers at risk!': Top paying accounts of the week listed as providers cut interest rates after Bank of England decision

This week’s leading accounts still offer competitive rates, but experts warn they may not stick around for long.

Analysts at Moneyfactscompare have compiled a list of the best savings accounts available in the UK for the week beginning May 12, 2025.

Rachel Springall, Finance Expert at Moneyfactscompare.co.uk said: "The Bank of England base rate cut has led to an inevitable fall to tracker rates on variable savings accounts, and easy access accounts could be next to see cuts. Savers will need to be vigilant and be sure to review their rate over the coming weeks, and switch if they are getting a raw deal.

"Those who want to instil the savings habit would be wise to make use of a regular savings account. The top regular saver remains on offer from Principality Building Society at 7.50 per cent AER fixed for six months.

"Whichever account savers decide on, it is imperative to ensure they stay within their Personal Savings Allowance (PSA) and take advantage of their ISA allowance to protect their hard-earned cash from tax.

"Savers are at risk of rate cuts so they must proactively switch and ditch any accounts that do not work hard enough for them, as loyalty does not pay."

Best regular savings accounts

Here is a list of the best regular savings accounts currently on offer this week:

• Principality BS – 7.50 per cent AER / 7.36 per cent Gross
• The Co-operative Bank – Seven per cent AER / Gross
• Nationwide BS – 6.50 per cent AER / Gross
• Virgin Money – 6.50 per cent AER / Gross
• Melton BS – 6.50 per cent AER / Gross
• NatWest – 6.17 per cent AER / Six per cent Gross
• Royal Bank of Scotland – 6.17 per cent AER / Six per cent Gross
• West Brom BS – Six per cent AER / Gross
• Market Harborough BS – 5.80 per cent AER / Gross
• Progressive BS – 5.75 per cent AER / Gross

Best fixed-rate savings accounts

Here is a list of the best savings accounts on offer with a one-year fixed-rate interest rate attached for the week:

• Conister Bank – 4.52 per cent AER / Gross
• FirstSave – 4.50 per cent AER / Gross
• Cynergy Bank – 4.50 per cent AER / Gross
• Habib Bank Zurich plc – 4.50 per cent AER / Gross
• Habib Bank Zurich plc – 4.50 per cent AER / Gross
• Close Brothers Savings – 4.47 per cent AER / Gross
• Oxbury Bank – 4.45 per cent AER / Gross
• StreamBank – 4.42 per cent AER / Gross
• Birmingham Bank – 4.42 per cent AER / Gross
• ICICI Bank UK – 4.40 per cent AER / Gross

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Best Cash ISAs

Here is a full list of the best cash ISAs with a one-year fixed interest rate attached currently on offer for the week:

• Vida Savings – 4.25 per cent AER / Gross
  
• Santander – 4.25 per cent AER / Gross
• Kent Reliance – 4.25 per cent AER / Gross
• State Bank of India – 4.25 per cent AER / Gross
• Charter Savings Bank – 4.23 per cent AER / Gross
• Hampshire Trust Bank – 4.22 per cent AER / Gross
• Castle Trust Bank – 4.22 per cent AER / Gross
• United Trust Bank – 4.22 per cent AER / Gross
• Dudley BS – 4.20 per cent AER / Gross
• Cynergy Bank – 4.20 per cent AER / Gross

• Moneybox – 5.71 per cent AER / Gross
• Moneybox – 4.82 per cent AER / Gross
• Plum – 4.81 per cent AER / 4.75 per cent Gross
• Tembo Money – 4.80 per cent AER / 4.69 per cent Gross
• Monument Bank – 4.76 per cent AER / 4.66 per cent Gross
• Vida Savings – 4.63 per cent AER / Gross
• Vida Savings – 4.55 per cent AER / Gross
• Buckinghamshire BS – 4.53 per cent AER / Gross
• Trading 212 – 4.50 per cent AER / 4.41 per cent Gross
• Principality BS – 4.50 per cent AER / Gross

Best easy access savings accounts

Here is a full list of the best easy access savings accounts without a bonus attached for the week:

• cahoot – Five per cent AER / Gross
  
• Atom Bank – 4.75 per cent AER / 4.65 per cent Gross
• Monument Bank – 4.75 per cent AER / 4.65 per cent Gross
• West Brom BS – 4.65 per cent AER / Gross
• Vida Savings – 4.63 per cent AER / Gross
• Chetwood Bank – 4.52 per cent AER / 4.43 per cent Gross
• Buckinghamshire BS – 4.51 per cent AER / Gross
• Coventry BS – 4.50 per cent AER / Gross
• Harpenden BS – 4.50 per cent AER / Gross
• Charter Savings Bank – 4.46 per cent AER / Gross

• Sidekick – 4.76 per cent AER / 4.68 per cent Gross
  
• Chase – 4.75 per cent AER / 4.65 per cent Gross
• Principality BS – 4.50 per cent AER / Gross
• Marcus by Goldman Sachs® – 4.30 per cent AER / 4.22 per cent Gross
• SAGA – 4.30 per cent AER / 4.22 per cent Gross
• Nottingham BS – 4.25 per cent AER / Gross
• Tesco Bank – 4.10 per cent AER / Gross
• Post Office Money® – 4.05 per cent AER / Gross
• Principality BS – Four per cent AER / Gross