Best UK Savings Rates
Compare top easy-access, fixed, and ISA accounts, rates as of 16 October 2026
| Account | Type | Rate | Min Deposit | FSCS | |
|---|---|---|---|---|---|
Shawbrook 5-Year Fixed Cash ISATop Pick Shawbrook Bank | Cash ISA | 5.25% AER Best Rate | £1,000 | ||
AlRayan 1-Year Fixed Bond1-year fixed bond Al Rayan Bank | 1yr Fixed | 5.15% AER | £10,000 | ||
Tandem 2-Year Fixed Cash ISA2-year fixed Tandem Bank | Cash ISA | 5.08% AER | £1 | ||
Raisin UK Savings MarketplacePartner bank fixed bonds, rate varies by bank Raisin UK | Marketplace | Up to 5.06% AER | £1,000 | ||
Trading 212 Cash ISAEasy access, variable Trading 212 | Cash ISA | 4.80% AER | £1 | ||
Chip Smart Cash ISAEasy access, includes 1.22% bonus for 12 months Chip | Cash ISA | 4.72% AER | £1 | ||
Aldermore 5-Year Fixed Rate Savings5-year fixed bond Aldermore | 5yr Fixed | 4.65% AER | £1,000 | ||
Monument Easy AccessEasy access, minimum £25,000 Monument Bank | Easy Access | 4.56% AER | £25,000 | ||
Chase SaverEasy access, new customers get a 12-month 2.25% boost on the 2.25% base rate Chase | Easy Access | 4.50% AER | £0 |
5-year fixed. FSCS-protected up to £120,000.
1-year fixed bond. FSCS-protected up to £120,000.
2-year fixed. FSCS-protected up to £120,000.
Partner bank fixed bonds, rate varies by bank. FSCS-protected up to £120,000.
Easy access, variable. FSCS-protected up to £120,000.
Easy access, includes 1.22% bonus for 12 months. FSCS-protected up to £120,000.
5-year fixed bond. FSCS-protected up to £120,000.
Easy access, minimum £25,000. FSCS-protected up to £120,000.
Easy access, new customers get a 12-month 2.25% boost on the 2.25% base rate. FSCS-protected up to £120,000.
See how much interest you'd earn
Use our calculator to model your exact savings pot at any of these rates.
Calculate My InterestRates are for illustrative purposes. Always verify current rates directly with providers. WiseYields is not FCA-regulated and this is not financial advice.
How to Choose Between Easy Access, Fixed and ISA Accounts
Easy access accounts let you withdraw anytime but usually offer slightly lower rates. Fixed-rate bonds lock your money away for a set term in exchange for a higher guaranteed rate. A Cash ISA works like an easy access or fixed account but shelters interest from tax, useful once you exceed your Personal Savings Allowance (£1,000/year for basic-rate taxpayers, £500 for higher-rate).
Always Check FSCS Protection
The Financial Services Compensation Scheme protects up to £120,000 per person, per banking licence if a UK-regulated bank or building society fails. If you're spreading savings across multiple providers to chase the best rates, make sure they aren't part of the same banking group, or your combined protection could be lower than you expect.
Worked Example: £10,000 Over One Year
Suppose you have £10,000. An easy access account paying 4.0% earns about £400 in a year. A one-year fixed bond paying 4.6% earns about £460. That is £60 more for locking the money away. If you might need the cash before the year is up, the £60 may not be worth losing access. Both amounts sit inside a basic-rate taxpayer's £1,000 Personal Savings Allowance, so no tax is due here. If your total interest across all accounts is likely to pass your allowance, a Cash ISA is worth comparing because its interest is always tax-free.
Frequently Asked Questions
What is the difference between AER and gross rate?
AER is the annual equivalent rate and includes the effect of interest being added more than once a year. It is the fairest figure for comparing accounts. Gross is the rate before compounding.
Is a higher rate always better?
Not if the rate is a short-term bonus that drops after a few months, or if the account has withdrawal limits you will hit. Check what the rate falls to and when.
How much can I put in a Cash ISA?
The overall ISA allowance is £20,000 per tax year, split however you like across ISA types. From April 2027 the government has announced that the Cash ISA limit will fall to £12,000 for savers under 65, with the overall £20,000 allowance unchanged. People aged 65 and over keep the full £20,000 for cash. Check gov.uk for the final rules.
Should I fix my savings if rates might rise?
That is a judgement about the future that nobody can make reliably. Many people split their money, fixing some for the higher rate and keeping the rest in easy access.
⚠️ Important Disclaimer
Rates change frequently, always verify the current rate directly with the provider before opening an account. This is not financial advice, and some links on this page are affiliate/referral links.
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