Top savings accounts of the week: Savers warned 'do NOT wait around' as top rate deals offering 7.5% interest - but not for long

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 28.

Rachel Springall, Finance Expert at Moneyfactscompare.co.uk said: "Savers will find rate tweaks were a bit subdued last week, which is somewhat expected due to the Easter break. However, there were a handful of providers re-adjusting the rates in their range.

“Those savers looking to take advantage of their cash ISA allowance will find a mixed of cuts and increases last week, which emphasises why savers should not wait around to grab a top rate deal.

"Whichever account savers decide on, it is imperative 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.

“Savers are at the mercy of base rate cuts so now is the time to be vigilant, as there could be a cut on the cards next week. If savers discover that they are getting a raw deal, then it’s time to switch.

"Loyalty does not pay, but it is up to savers to move their cash and chase down better returns."

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 – 6.5 per cent AER / Gross
• Melton 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
• TSB – 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:

• LHV Bank – 4.65 per cent AER / Gross
• Cynergy Bank – 4.61 per cent AER / Gross
• Close Brothers Savings – 4.61 per cent AER / Gross
• Castle Trust Bank – 4.56 per cent AER / Gross
• Tandem Bank – 4.55 per cent AER / Gross
• Cynergy Bank – 4.55 per cent AER / Gross
• Oxbury Bank – 4.55 per cent AER / Gross
• Hodge Bank – 4.53 per cent AER / Gross
• Cynergy Bank – 4.53 per cent AER / Gross
• Conister Bank – 4.52 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:

• Punjab National Bank (International) Limited – 4.35 per cent AER / Gross
• Charter Savings Bank – 4.27 per cent AER / Gross
• United Trust Bank – 4.27 per cent AER / Gross
• Castle Trust Bank – 4.26 per cent AER / Gross
• Kent Reliance – 4.26 per cent AER / Gross
• Close Brothers Savings – 4.26 per cent AER / Gross
• Zopa – 4.25 per cent AER / 4.16 per cent Gross
• Vida Savings – 4.25 per cent AER / Gross
• Santander – 4.25 per cent AER / Gross
• Saffron 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 – 5.06 per cent AER / 4.99 per cent Gross
• Moneybox – 5.05 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
• Vida Savings – 4.63 per cent AER / Gross
• Charter Savings Bank – 4.59 per cent AER / Gross
• Vida Savings – 4.55 per cent AER / Gross
• Marsden BS – 4.55 per cent AER / Gross
• Buckinghamshire BS – 4.53 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
• 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
• Coventry BS – 4.50 per cent AER / Gross
• Saffron 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
• Chip – 4.60 per cent AER / 4.50 per cent Gross
• Sidekick – 4.59 per cent AER / 4.49 per cent Gross
• Principality BS – 4.50 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
• Post Office Money® – 4.05 per cent AER / Gross