Savings round up - 7th September
07/09/2026
It has been a mixed bag in the savings market recently. Easy access rates have had a boost with providers consolidating around 4.50% - 4.55% and that looks set to hold. Short term fixed rates have taken a dip with best buys now at 4.50% or less. However, 1 Year Fixed rates have remained resolut around 4.90% and we've seen several 5% fixed rates and Shawbrook breaching that marker to be the first to move above at 5.01%. The Iran War is driving higher rates with financial markets pricing in three Base Rate rises in the next 12 months. That will take us to 4.50%, which suggests banks are expecting much higher, given current pricing. We're not convinced it is going that far but do believe we will see Base hit 4% before 2026 is out, either at the MPC meeting at the end of this month or at November's one. Here's our round up of the leading providers and rates in each category:
NatWest's new digital banking offshoot, First Active, go top of the table with a best buy rate of 4.55%. This rate includes a bonus of 1.50% for 12 months. Cahoot drop to second with their rate of 4.52%. Monument's Welcome Saver pays 4.51% to new savers for 12 months but is only open to those with at least £25,000 to save. Chase pay 4.50% - but 2% of this is via a 12 month bonus rate. Saga also have a 12 month bonus (1.60%) as part of their 4.50% rate. Oxbury's Summer Saver pays 4.33% but is only open to new customers. Principality Building Society launch a new triple access saver which pays 4.30% but restricted to three withdrawals. ThisBank (previously JN Bank) pay 4.28% on their triple access account. Charter Savings Bank improve their easy access rate to 4.25% and Kent Reliance's 4.21% completes the top 10.
Birmingham Bank move top of the notice best buys as they launch a 95 day account paying 4.40%. They move ahead of previous long term leader, GB Bank, whose 150 Day Notice pays 4.38%. BLME are next - their 90 Day Notice paying 4.37%. StreamBank's 90 Day Notice pays 4.35% before a drop to Stafford Building Society's 180 Day Notice paying 4.26% - however only two withdrawals are permitted per Society year. QIB Bank pay 4.25% for 95 Days Notice via Raisin. Hampshire Trust Bank's 95 Day Notice Base Rate Tracker pays 4.22%. Secure Trust Bank pay 4.21% for 95 and 90 Day Notice - the 95 Day Notice being a Base Rate Tracker at 0.46% above Base.
Zopa Bank pay a best buy 4.50% for 6 Months Fixed ahead of GB Bank at 4.49% and Kent Reliance at 4.41%.
Union Bank of India pay a top rate of 4.47% for 9 Months Fixed ahead of Kent Reliance who pay 4.42%. Kuwait Finance House pay 4.37% via Raisin.
AlRayan Bank's 4.90% via Meteor Savings is the best buy ahead of Family Building Society at 4.88% and Shawbrook Bank at 4.87%. GB Bank pay 4.86% and Al Rayan Bank pay 4.85% via Raisin and direct. MBNA increase their rate to 4.85% to move alongside. Tesco Bank enter the 1 Year best buys for the first time in several years with a rate of 4.84%. Chetwood Bank improve their rate to 4.83% and NS&I's increase to 4.82% sees them enter the top 10.
Chetwood Bank lead the way paying a best buy 4.90% ahead of Tesco Bank's 4.85%. Union Bank of India remain at 4.76% ahead of Close Brothers paying 4.75% on Hargreaves Lansdown. Skipton improve to 4.64% to leapfrog Tandem Bank, who stay at 4.60%. Charter Savings Bank enter the fray for the first time in a while at 4.55%. Aldermore Bank pay 4.50% via Raisin and on Hargreaves Lansdown.
Shawbrook Bank lead the way paying 4.96%, as they topple Investec Bank who had led for sometime paying 4.95%. DF Capital rejoin, after a hiatus, paying 4.90% to move alongside GB Bank. Chetwood Bank increase their rate to 4.88% to enter the top five ahead of Kent Reliance and Birmingham Bank, who are tied at 4.87%. Close Brothers are a whisker behind at 4.86% with Tesco Bank and Vanquis completing the top 10, tied at 4.85%.
Investec lead the way paying 5% ahead of GB Bank at 4.95%. Chetwood Bank improve to 4.92% to enter the top three. Kent Reliance are also on the move, up to 4.90%. Close Brothers pay 4.89%, Oxbury Bank rejoin at 4.88% and Birmingham Bank improve to 4.87%. Afin Bank pay 4.86% and Tesco Bank pay 4.85%.
ThisBank, formerly JN Bank, lead the way paying 5%, miles clear of Aldermore Bank at 4.61% with RCI Bank paying 4.40% andPerenna Bank paying 4.30% via Raisin.
Shawbrook Bank top the pile paying 5.01%, narrowly ousting Chetwood Bank, who pay 5% alongside ThisBank. GB Bank pay 4.98% and Furness Building Society pay 4.91% as they improved their rate last week. Close Brothers pay 4.90% and NS&I increase their rate to 4.85%, where they are matched by Oxbury Bank and Tesco Bank.