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Top savings account of the week: Britons urged to grab 'window of opportunity' and lock in top rates up to 7.5%

Savers urged to be careful of tax on savings interest
GBNEWS
Temie Laleye

By Temie Laleye


Published: 14/04/2025

- 14:40

Updated: 14/04/2025

- 15:16

Britons are urged to shop around for the best rates as the bank holiday weekend approaches

With interest rate cuts widely expected later this year, the clock may be ticking for savers to secure the best returns.

Although inflation has eased and the Bank of England has paused its rate hikes for now, many top savings deals are already starting to vanish.

This week’s leading accounts still offer competitive rates — but experts warn they may not stick around for long.

Analysts at Moneyfactscompare have compiled a list of the best savings accounts available in the UK for the week beginning April 14.

Rachel Springall, finance expert at Moneyfactscompare.co.uk said: "The bank holiday weekend should give people some free time to explore their savings habits, and those who want to rejuvenate their safety nets could grab a top rate regular savings account.

"A regular savings account encourages frequent deposits, so it can sit alongside a more common easy access account.

"Savers need to be vigilant to check their pots frequently and switch if their loyalty is not being paid but also act fast if they want to grab a lucrative fixed rate deal."

Woman looking at savings interestBritons are on the hunt for the accounts with the best savings interest GETTY

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 – Sevent per cent AER / Gross
  • Nationwide BS – 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
  • Market Harborough BS – Six per cent AER / Gross
  • West Brom BS – Six per cent AER / Gross
  • TSB – Six 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:

  • Cynergy Bank – 4.65 per cent AER / Gross
  • LHV Bank – 4.65 per cent AER / Gross
  • Close Brothers Savings – 4.61 per cent AER / Gross
  • Cynergy Bank – 4.59 per cent AER / Gross
  • Cynergy Bank – 4.57 per cent AER / Gross
  • Oxbury Bank – 4.55 per cent AER / Gross
  • Al Rayan Bank – 4.55 per cent AER / 4.48 per cent Gross
  • Conister Bank – 4.52 per cent AER / Gross
  • Chetwood Bank – 4.51 per cent AER / Gross
  • Progressive BS – 4.50 per cent AER / Gross
    • Interest calculatorSavers would be wise to review their existing accounts and switch if they are getting a raw dealGETTY

    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:

    • Gatehouse Bank – 4.35 per cent AER / Gross
    • Punjab National Bank (International) Limited – 4.35 per cent AER / Gross
    • UBL UK – 4.31 per cent AER / Gross
    • Zopa – 4.30 per cent AER / 4.21 per cent Gross
    • Newcastle BS – 4.30 per cent AER / Gross
    • Tipton & Coseley BS – 4.27 per cent AER / Gross
    • Charter Savings Bank – 4.27 per cent AER / Gross
    • Castle Trust Bank – 4.26 per cent AER / Gross
    • Kent Reliance – 4.26 per cent AER / Gross
    • Nationwide BS – 4.25 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 – 5.68 per cent AER / 5.60 per cent Gross
  • Moneybox – Five per cent AER / Gross
  • Tembo Money – 4.80 per cent AER / 4.69 per cent Gross
  • Monument Bank – 4.76 per cent AER / 4.66 per cent Gross
  • Charter Savings Bank – 4.59 per cent AER / Gross
  • Marsden BS – 4.55 per cent AER / Gross
  • Buckinghamshire BS – 4.53 per cent AER / Gross
  • Kent Reliance – 4.51 per cent AER / Gross
  • Trading 212 – 4.50 per cent AER / 4.41 per cent Gross
    • Couple look happy at laptop

    Top-paying savings deal hits 7.5 per cent

    GETTY

    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
    • Monument Bank – 4.75 per cent AER / 4.65 per cent Gross
    • Vida Savings – 4.63 per cent AER / Gross
    • Charter Savings Bank – 4.59 per cent AER / Gross
    • Oxbury Bank – 4.58 per cent AER / 4.49 per cent Gross
    • Chetwood Bank – 4.52 per cent AER / 4.43 per cent Gross
    • Buckinghamshire BS – 4.51 per cent AER / Gross
    • Saffron BS – 4.50 per cent AER / Gross
    • Harpenden BS – 4.50 per cent AER / Gross

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

  • Chip – 4.76 per cent AER / 4.65 per cent Gross
  • Chase – 4.75 per cent AER / 4.65 per cent Gross
  • Sidekick – 4.59 per cent AER / 4.49 per cent Gross
  • Principality BS – 4.50 per cent AER / 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
  • Nottingham BS – 4.25 per cent AER / Gross
  • Tesco Bank – 4.10 per cent AER / Gross
  • Principality BS – Four per cent AER / Gross

    • MoneySavingsInterest rates