Best savings accounts of the week: Brits told to 'review and switch' to 8% interest rates deals - full list

High street bank and building society customers have benefited from an extended period of competitive savings rates in recent years.

The Bank of England's Monetary Policy Committee (MPC) has opted to hike the UK's base rate to as high as 5.25 per cent in an effort to bring down inflation.

With the consumer price rate (CPI) easing, the central bank has begun bring the cost of borrowing down with analysts pricing in further reductions. This is likely to impact how competitive savings accounts are in the future.

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Best regular savings accounts

Here is a list of the best regular savings accounts currently on offer for the week beginning March 10:

• Principality BS - Eight per cent AER / 7.85 per cent Gross
• The Co-operative Bank - Seven per cent AER / Gross
• Nationwide BS - 6.5 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 - Six per cent AER / Gross
• TSB - Six per cent AER / Gross
• Progressive BS - Six per cent AER / Gross
• Principality BS - 5.6 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 March 10:

• Cynergy Bank - 4.58 per cent AER / Gross
• Close Brothers Savings - 4.58 per cent AER / Gross
• Family Building Society - 4.57 per cent AER / Gross
• Secure Trust Bank - 4.55 per cent AER / Gross
• Chetwood Bank - 4.55 per cent AER / 4.58 per cent Gross
• Oxbury Bank - 4.53 per cent AER / Gross
• Conister Bank - 4.52 per cent AER / Gross
• SmartSave - 4.52 per cent AER / Gross
• Progressive BS - 4.50 per cent AER / Gross
• Progressive BS - 4.50 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 beginning March 10, 2025:

• Cynergy Bank - 4.46 per cent AER / Gross
• OakNorth Bank - 4.45 per cent AER / Gross
• UBL UK - 4.45 per cent AER / Gross
• Shawbrook Bank - 4.42 per cent AER / Gross
• Zopa - 4.40 per cent AER / 4.31 per cent Gross
• Hodge Bank - 4.40 per cent AER / 4.31 per cent Gross
• Charter Savings Bank - 4.40 per cent AER / Gross
• Close Savings Bank - 4.40 per cent AER / Gross
• Kent Reliance - 4.39 per cent AER / Gross
• Castle Trust Bank - 4.39 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 March 3:

• Chip - 5.25 per cent AER / 5.13 per cent Gross
  
• Plum - 5.05 per cent AER / 4.98 per cent Gross
• Moneybox - Five per cent AER / Gross
• Monument Bank - 4.76 per cent AER / 4.66 per cent Gross
• Principality BS - 4.70 per cent AER / Gross
• West Brom BS - 4.60 per cent AER / Gross
• Kent Reliance - 4.56 per cent AER / Gross
• Charter Savings Bank - 4.55 per cent AER / 4.46 per cent Gross
• Tembo - 4.55 per cent AER / 4.45 per cent Gross
• Family Building Society - 4.55 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 March 10, 2025:

• Monument 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
• Atom Bank - 4.60 per cent AER / 4.51 per cent Gross
• Family BS - 4.60 per cent AER / Gross
• Oxbury Bank - 4.58 per cent AER / 4.49 per cent Gross
• Yorkshire Building Society - 4.55 per cent AER / Gross
• Kent Reliance - 4.55 per cent AER / Gross
• Monument Bank - 4.55 per cent AER / 4.46 per cent Gross
• Chetwood Bank - 4.52 per cent AER / 4.43 per cent Gross.

Here is a full list of the best easy access accounts with a bonus attached for the week beginning March 10, 2025:

• Principality BS - 4.70 per cent AER / Gross
• Sidekick Money - 4.59 per cent AER / 4.49 per cent Gross
• Chip - 4.58 per cent AER / 4.48 per cent Gross
• Chase - 4.50 per cent AER / 4.41 per cent Gross
• Tesco Bank - 4.41 per cent / Gross
• Post Office Money - 4.40 per cent AER / Gross
• Marcus by Goldman Sachs - 4.30 per cent AER / 4.22 per cent Gross
• SAGA - 4.30 per cent AER / 4.22 per cent Gross
• Cynergy Bank - 4.30 per cent AER / Gross
• Nottingham BS - 4.25 per cent AER / Gross

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Rachel Springall, Finance Expert at Moneyfactscomparecompare, said: "Savers will find a mix of rate moves across the top rate tables over the past week, which has led to some lucrative new deals. It remains vital for savers to act quickly to secure a new deal, but also ensure they monitor their any account they have which could be susceptible to cuts.

“The top rates on offer continue to be available by challenger banks, but as proven over the past week they can drop rates to re-adjust their market positions. However, alongside fixed rate bond cuts from Oxbury Bank and JN Bank, there were a few brands increasing rates.

"Cynergy Bank is now leading the one-year fixed Cash ISA market after a rate rise. Those brands to improve fixed Cash ISA rates include OakNorth Bank, UBL UK, Secure Trust Bank and Shawbrook Bank, so it’s a good idea for savers to compare these latest deals if they need to utilise their ISA allowance.

"Those savers concerned about recent rate cuts to variable rate accounts would be wise to review their existing pots and switch if they are getting a raw deal.

"Those who have a lump sum and want a guaranteed return would also be wise to take advantage of the top fixed bond or fixed Cash ISA rates, or may be left disappointed if rates fall in the coming weeks."