Best savings accounts of the week: Banks offering 'market leading interest rates' of 7.5% in boost for savers

In recent years, savers have benefited from the central bank's decision to raise the base rate with the Monetary Policy Committee (MPC) hiking rates to as high as 5.25 per cent.

Last month, MPC members voted to cut the base rate to 4.25 per cent with analysts warning further rate reductions are on their way.

Best regular savings accounts

Here is a list of the best regular savings accounts currently on offer for the week beginning June 9, 2025

• Principality BS - 7.50 per cent AER / 7.36 Gross
• The Co-operative Bank - Seven per cent AER / Gross
• Nationwide BS - 6.50 per cent AER / Gross
• Melton BS - 6.50 per cent AER / Gross
• West Brom BS Six per cent AER / Gross
• Market Harborough BS - 5.80 per cent AER / Gross
• NatWest - 5.50 per cent AER / 5.37 per cent Gross
• Royal Bank of Scotland - 5.50 per cent AER / 5.37 Gross
• Progressive BS - 5.50 per cent AER / Gross
• Halifax - 5.50 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 beginning June 9, 2025:

• LHV Bank - 4.45 per cent AER / Gross
• Oxbury Bank - 4.45 per cent AER / Gross
• Cynergy Bank - 4.40 per cent AER / Gross
• Habib Bank Zurich plc - 4.40 per cent AER / Gross
• Habib Bank Zurich plc - 4.40 per cent AER / Gross
• Tandem Bank - 4.38 per cent AER / Gross
• Hodge Bank - 4.37 per cent AER / Gross
• Bank of London and The Middle East - 4.37 per cent AER / Gross
• Close Brothers Savings - 4.37 per cent AER / Gross
• Chetwood Bank - 4.36 per cent AER / Gross

Best cash ISAs

Here is a list of the best cash ISAs with a one year fixed interest rate attached currently on offer for the week beginning June 9, 2025:

• Virgin Money 4.27 per cent AER / Gross
• Kent Reliance 4.26 per cent AER / Gross
• Vida Savings 4.25 per cent AER / Gross
• Paragon Bank 4.25 per cent AER / 4.24 per cent Gross
• Hodge Bank 4.25 per cent AER / Gross
• Secure Trust Bank 4.25 per cent AER / Gross
• United Trust Bank 4.25 per cent AER / Gross
• Charter Savings Bank 4.23 per cent AER / Gross
• Castle Trust Bank 4.22 per cent AER / Gross
• Cynergy Bank 4.20 per cent AER / Gross

Here is a full list of the best cash ISAs with a variable interest rate attached currently on offer for the week beginning June 9, 2025:

• Hampshire Trust Bank - 4.20 per cent AER / Gross
• Secure Trust Bank - 4.20 per cent AER / Gross
• United Trust Bank - 4.18 per cent AER / Gross
• Cynergy Bank - 4.17 per cent AER / Gross
• Castle Trust Bank - 4.17 per cent AER / Gross
• Secure Trust Bank - 4.17 per cent AER / Gross
• Close Brothers Savings - 4.17 per cent AER / Gross
• Kent Reliance - 4.16 per cent AER / Gross
• Hodge Bank - 4.12 per cent AER / Gross
• Vida Savings - 4.11 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 beginning June 9, 2025:

• cahoot - Five per cent AER / Gross
• Atom Bank - 4.75 per cent AER / 4.65 Gross
• Snoop - 4.60 per cent AER / 4.50 per cent
• cahoot - 4.55 per cent AER / Gross
• Coventry BS - 4.50 per cent AER / Gross
• Harpenden BS - 4.50 per cent AER / Gross
• Kent Reliance - 4.46 per cent AER / Gross
• Close Brothers Savings - 4.45 per cent AER / Gross
• Newcastle BS - 4.40 per cent AER / Gross
• Vida Savings - 4.38 per cent AER / Gross

Here is a full list of the best easy access accounts with a bonus attached for the week beginning June 9, 2025:

• Chip - 4.56 per cent AER / 4.47 per cent Gross
• Chase - Five per cent AER / 4.89 per cent Gross
• Sidekick - 4.51 per cent AER / 4.43 per cent Gross
• Principality BS - 4.50 per cent AER / Gross
• Cynergy Bank - 4.30 per cent AER / Gross
• Nottingham BS - 4.25 per cent AER / Gross
• Skipton BS - 4.11 per cent AER / Gross
• Tesco Bank - 4.11 per cent AER / Gross
• Marcus by Goldman Sachs®4.01 per cent AER / 3.94 per cent Gross
• SAGA - 4.01 per cent AER / 3.94 per cent Gross

Rachel Springall, Finance Expert at Moneyfactscompare.co.uk said: "In an encouraging turn of events, there were a few improvements to the top rate tables across fixed rate bonds and cash ISAs over the past week, leading to new market-leading offers for savers to contemplate.

"Those looking to improve their savings habit will find competitive regular savers accounts as an ideal choice, and locking into a fixed rate is great for those who feel variable rates are doomed to fall further over the next few months.

"Picking the right savings account does come down to someone’s individual circumstances, and aside from chasing the top rates, it’s important 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.

"There are mixed expectations for the path of interest rates in the coming months, particularly with another base rate decision on the horizon. However, it will be up to savers to keep an eye on their pots and switch if they are not being rewarded for their loyalty."