Savers are moving quickly to lock in these high‑interest accounts amid expectations that the Bank of England could cut rates
NatWest, Lloyds, Barclays customers told now is time to close their accounts
The best savings rates of the week have emerged – and customers at some big names would do well to switch ahead of Christmas.
The best regular savings currently on offer this week include Principality BS – 7.5 per cent AER / 7.36 per cent Gross – and Zopa – 7.1 per cent AER / 6.87 per cent Gross. The top three is rounded off by Progressive BS – Seven per cent AER / Gross.
Co‑operative Bank – Seven per cent AER / Gross – and Nationwide BS – 6.5 per cent AER / Gross are in fourth and fifth. The best savings accounts offering a one‑year fixed interest rate include Investec Bank, Monument Bank and LHV Bank.
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DF Capital and Habib Bank Zurich complete the top five. The best cash ISAs with a one‑year fixed interest rate attached currently on offer include Cynergy Bank – 4.28 per cent AER / Gross.
The list also features Vida Savings – 4.28 per cent AER / Gross, Tembo Money – 4.27 per cent AER / Gross, Investec Bank – 4.27 per cent AER / Gross and UBL UK – 4.23 per cent AER / Gross in the top five.
The best cash ISAs with a variable interest rate attached currently on offer are Moneybox – 4.47 per cent AER / 4.38 per cent Gross, Plum – 4.45 per cent AER / 4.40 per cent Gross, Principality BS – 4.20 per cent AER / Gross, Bank of Ireland UK – 4.16 per cent AER / Gross and Teachers BS – 4.15 per cent AER / Gross.
The best easy access savings accounts without a bonus attached includes cahoot – Five per cent AER / Gross – as well as Snoop – 4.35 per cent AER / 4.26 per cent Gross.
Cahoot is a Santander subsidiary. The rest of the top five are Coventry BS – 4.30 per cent AER / Gross, Tipton & Coseley BS – 4.30 per cent AER / Gross and Manchester BS – 4.25 per cent AER / Gross.
The list of the best easy access accounts with a bonus attached includes Monument Bank – 4.51 per cent AER / 4.42 per cent Gross, Chase – 4.50 per cent AER / 4.41 per cent Gross and Sidekick – 4.48 per cent AER / 4.43 per cent Gross.
It means the only big high street banks to feature are Santander, Nationwide and Co-op. It means anyone with NatWest, Lloyds, Barclays customers with savings should consider ditching and switching.
Savers are moving quickly to lock in these high‑interest accounts amid expectations that the Bank of England could cut rates further in the months ahead, making today’s offers particularly valuable.
