Best savings account of the week: Savers warned it's 'vital' to switch accounts to secure top returns up to 7.5%

As may be expected, the Bank of England base rate cut has resulted in a few rate cuts across the market. Those looking for extra cash are reminded that "loyalty does not pay", so it is time to look around for the best deals.

Analysts at Moneyfactscompare have compiled a list of the best savings accounts available in the UK for the week beginning May 19, 2025.

Rachel Springall, Finance Expert at Moneyfactscompare.co.uk said: "Savers hoping to lock into a fixed rate bond for a guaranteed return may be disappointed to see the top fixed rates have taken a notable hit over the past week. The rate cuts to fixed bonds are a stark reminder on how essential it is for savers to act quickly to grab a lucrative deal.

"Several challenger banks made rate cuts to some of the most lucrative fixed bond rates over the past week and while rates have been on the downward trend, a couple of providers have increased fixed cash ISA rates over the past week.

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:

• Oxbury Bank – 4.45 per cent AER / Gross
• Tandem Bank – 4.44 per cent AER / Gross
• Castle Trust Bank – 4.44 per cent AER / Gross
• GB Bank – 4.40 per cent AER / Gross
• ICICI Bank UK – 4.40 per cent AER / Gross
• LHV Bank – 4.40 per cent AER / Gross
• Habib Bank Zurich plc – 4.40 per cent AER / Gross
• Hodge Bank – 4.37 per cent AER / Gross
• Chetwood Bank – 4.36 per cent AER / Gross

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:

• Shawbrook Bank – 4.26 per cent AER / Gross
• Kent Reliance – 4.26 per cent AER / Gross
• Vida Savings – 4.25 per cent AER / Gross
• Santander – 4.25 per cent AER / Gross
• Secure Trust Bank – 4.25 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
• Aldermore – 4.21 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:

• Moneybox – 5.71 per cent AER / Gross
• Plum – 4.85 per cent AER / 4.79 per cent Gross
• Moneybox – 4.85 per cent AER / Gross
• Chip – 4.83 per cent AER / 4.73 per cent Gross
• Tembo Money – 4.80 per cent AER / 4.69 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
• West Brom BS – 4.65 per cent AER / Gross
• Vida Savings – 4.63 per cent AER / 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
• Kent Reliance – 4.46 per cent AER / Gross
• Close Brothers Savings – 4.45 per cent AER / Gross

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

• Chip – 4.77 per cent AER / 4.67 per cent Gross
• Sidekick – 4.51 per cent AER / 4.43 per cent Gross
• Chase – 4.50 per cent AER / 4.41 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
• Tesco Bank – 4.11 per cent AER / Gross
• Post Office Money® – 4.05 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

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

"Loyalty does not pay, so in the weeks ahead it is vital that savers proactively review and switch their accounts to ensure they are getting a competitive return.”