Best savings accounts of the week: Britons urged to 'act quickly' to secure a 'top guaranteed return' of 8%

There have been a few savings providers who have passed on cuts on their easy access accounts, variable rate cash ISAs and notice accounts.

Savers would be wise to review their existing accounts and switch if they are getting a raw deal.

Rachel Springall, Finance Expert at Moneyfactscompare.co.uk said: “Savings providers are very much still adjusting their market positions within the fixed bond and ISA sectors, so savers need to act quickly to secure a top guaranteed return.

“There have been shifts to the market-leaders across fixed bonds for two years or more, and the top rate positions remain on offer from challenger banks.

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“These brands can change their rates rather fluidly, so deals don’t always last on the shelf for too long. Typically, if a challenger bank meets its deposit targets, or decides the rate offered is much too high compared to its peers, then they can cut it or withdraw the deal entirely.

“It has now been over a month since the Bank of England base rate was cut, and there have been a few savings providers have passed on cuts, such as with easy access accounts, variable rate cash ISAs and notice accounts. Savers would be wise to review their existing accounts and switch if they are getting a raw deal.

“There are still some best buy easy access accounts paying around five per cent, and there is little reason to overlook the more unfamiliar brands if their accounts offer the same flexibility and protection as a high street bank.

“There will be another MPC meeting next week, but so far, the expectations from economists are for a hold.”

Best regular savings accounts

Here is a full list of the best regular savings accounts on offer for the week beginning September 9, 2024:

• Principality BS - Eight per cent AER / 7.85 per cent gross
• The Co-operative Bank - Seven per cent AER / gross
• Nationwide BS - 6.50 per cent AER / gross
• Coventry BS - 6.25 per cent AER / gross
• NatWest - 6.17 per cent AER / six per cent gross
• Royal Bank of Scotland6.17 per cent AER / six per cent gross
• Principality BS - Six per cent AER / gross
• West Brom BS - Six per cent AER / gross
• TSB - six per cent per cent AER / gross
• Principality BS 5.50 per cent AER / gross

Best fixed-rate savings accounts

Here is a full list of the best savings accounts with a one-year fixed rate for the week beginning September 9, 2024:

• Union Bank of India (UK) Ltd - 5.05 per cent AER / gross
• Mizrahi Tefahot Bank Ltd - 5.05 per cent AER / gross
• Union Bank of India (UK) Ltd - 5.05 per cent AER / gross
• Atom Bank - Fiver per cent AER / gross
• ICICI Bank UK - Five per cent AER / gross
• SmartSave - 4.93 per cent AER / gross
• Close Brothers Savings - 4.92 per cent AER / gross
• Zenith Bank (UK) Ltd - 4.90 per cent AER / gross
• ICICI Bank UK - 4.90 per cent AER / gross
• Isbank - 4.87 per cent AER / gross

Here is a full list of the best cash ISAs with a one-year fixed rate attached for the week beginning September 9, 2024:

• Punjab National Bank (International) Limited - 4.80 per cent AER / gross
• Virgin Money - 4.75 per cent AER / gross
• Nottingham BS - 4.66 per cent AER / gross
• Melton BS 4.65 - per cent AER / gross
• Castle Trust Bank - 4.63 per cent AER / gross
• Santander - 4.62 per cent AER / gross
• Close Brothers Savings - 4.62 per cent AER / gross
• UBL - UK4.61 per cent AER / gross
• Charter Savings Bank - 4.61 per cent AER / gross
• Zopa - 4.60 per cent AER / 4.50 per cent gross

• Trading 212 - 5.20 per cent AER / 5.07 per cent gross
• Tipton & Coseley BS - 5.01 per cent AER / gross
• Principality BS- Five per cent AER / gross
• The Stafford BS - Five per cent AER / gross
• Plum - 4.92 per cent AER / 4.82 per cent gross
• Chorley Building Society - 4.85 per cent AER / gross
• West Brom BS - 4.85 per cent AER / gross
• Chip - 4.84 per cent AER / 4.74 per cent gross
• Cynergy Bank - 4.82 per cent AER / gross
• Zopa - 4.80 per cent AER / 4.69 per cent gross

Here is a full list of the best easy-access savings accounts without a bonus attached for the week beginning September 9, 2024:

• Ulster Bank - 5.20 per cent AER / gross
• cahoot - Five per cent AER / gross
• Oxbury Bank - 4.87 per cent AER / 4.76 per cent gross
• cahoot - 4.85 per cent AER / gross
• GB Bank - 4.85 per cent AER / 4.75 per cent gross
• West Brom BS 4.81 per cent AER / gross
• Monument Bank - 4.81 per cent AER / 4.71 per cent gross
• Yorkshire Building Society - 4.80 per cent AER / gross
• Chorley Building Society - 4.80 per cent AER / gross
• Family Building Society - 4.76 per cent AER / gross

• Cynergy Bank - 4.80 per cent AER / gross
• Principality BS - 4.75 per cent AER / gross
• Principality BS4.60 per cent AER / gross
• Beehive Money4.60 per cent AER / gross
• Tesco Bank4.56 per cent AER / gross
• Post Office Money® - 4.55 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
• Post Office Money® - 4.10 per cent AER / gross
• Sainsbury's Bank - Four per cent AER / gross