Best savings accounts of the week: Savers urged to switch to 'improved' accounts with 7.5% rate - full list

Among the banks and building societies singled out by the financial services comparison website include Nationwide Building Society and NatWest.

Savers are rushing to secure a high interest account before further interest rate cuts from the Bank of England later this year.

Best regular savings accounts

Here is a full list of the best regular savings currently on offer this week with interest rates attached:

• Principality BS – 7.5 per cent AER / 7.36 per cent Gross
• Zopa – 7.1 per cent AER / 6.87 per cent Gross
• Progressive BS – Seven per cent AER / Gross
• Co-Operative Bank - Seven per cent AER / Gross
• Nationwide BS – 6.5 per cent AER / Gross
• Virgin Money - 6.50 per cent AER / Gross
• Scottish BS - 6.50 per cent AER / Gross
• Darlington BS – Six per cent AER / Gross
• Monmouthshire BS – Six per cent AER / Gross
• West Brom BS – Six per cent AER / Gross

Best fixed-rate savings accounts

Here is a list of the best savings accounts offering a one-year fixed interest rate:

• First Bank - 4.45 per cent AER / 4.36 per cent Gross
• LHV Bank - 4.45 per cent AER / 4.45 per cent Gross
• Habib Bank Zurich plc – 4.44 per cent AER / Gross
• Habib Bank Zurich plc – 4.44 per cent AER / Gross
• JN Bank – 4.41 per cent AER / Gross
• JN Bank – 4.41 per cent AER / Gross
• DF Capital - 4.41 per cent AER / Gross
• Atom Bank - 4.40 per cent AER / Gross
• Chetwood Bank – 4.4 per cent AER / Gross
• OakNorth Bank - 4.39 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:

• Tembo Money – 4.27 per cent AER / Gross
• Vida Savings - 4.21 per cent AER / Gross
• Gatehouse Bank - 4.21 per cent AER / Gross
• NatWest - 4.20 per cent AER / Gross
• Royal Bank of Scotland - 4.20 per cent AER / Gross
• Zopa – 4.17 per cent AER / 4.09 per cent Gross
• Virgin Money – 4.16 per cent AER / Gross
• Hodge Bank – 4.16 per cent AER / Gross
• Vanquis Bank – 4.16 per cent AER / Gross
• Skipton BS – 4.16 per cent AER / Gross
• Bath BS – 4.15 per cent AER / Gross.

Here is a full list of the best cash ISAs with a variable interest rate attached currently on offer:

• Moneybox - 4.38 per cent AER / 4.29 per cent Gross
• Plum – 4.37 per cent AER / 4.32 per cent Gross
• Tipton & Coseley BS - 4.30 per cent AER / Gross
• Principality BS -4.20 per cent AER / Gross
• Moneybox - 4.10 per cent AER / Gross
• Bank of Ireland - 4.16 per cent AER / Gross
• Aldermore – 4.16 per cent AER / Gross
• Teachers BS – 4.15 per cent AER / 4.12 per cent Gross
• Aldermore – 4.15 per cent AER / Gross
• Skipton BS– 4.13 per cent AER / Gross.

Best easy-access accounts

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

• cahoot – Five per cent AER / Gross
• cahoot - 4.40 per cent AER / Gross
• Snoop – 4.35 per cent AER / 4.26 per cent Gross
• Tipton & Coseley BS - 4.30 per cent AER / Gross
• United Trust Bank – 4.30 per cent AER / Gross
• Family Building Society – 4.25 per cent AER / Gross
• Manchester BS – 4.25 per cent AER / Gross
• Penrith BS – 4.21 per cent AER / Gross
• Hodge Bank - 4.15 per cent AER / 4.07 per cent Gross
• Coventry BS - 4.15 per cent AER / Gross
• Teachers BS - 4.15 per cent AER / Gross.

Here is a full list of the best easy access accounts with a bonus attached:

• Chase – 4.50 per cent AER / 4.41 per cent Gross
• Ulster Bank - 4.50 per cent AER / 4.41 per cent Gross
• Sidekick – 4.48 per cent AER / 4.43 per cent Gross
• Chip - 4.32 per cent AER / 4.24 per cent Gross
• Shawbrook Bank – 4.31 per cent AER / 4.23 per cent Gross
• Principality BS – 4.25 per cent AER / Gross
• Tesco Bank – 4.20 per cent AER / Gross
• Skipton BS – 4.16 per cent AER / Gross
• Post Office Money® – 4.13 per cent AER / Gross
• Chip – 4.07 per cent AER / 4.00 per cent Gross.

Adam French, the head of News at Moneyfactscompare.co.uk, said: "Many of the top paying accounts rallied, with several changes benefitting those happy to lock their savings away in a fixed bond for a year or more.

"Those savers who want to improve their savings habit might want to open a regular savings account. These are designed to take recurring deposits every month and can help build up a savings nest egg.

"Despite several savings providers making changes in the last week, the Moneyfacts Average Savings Rate is unchanged at 3.44 per cent week-on-week – which is below the rate of inflation. Savers must take time out to ensure their pots are earning decent returns, as loyalty does not pay.

"Challenger banks and building societies are paying some of the best rates on the market, which should not be overlooked. Signing up to rate alerts and allowing banking app notifications is a good idea to be kept in the know on any rate moves."