Savings alert: Best accounts of the week offering interest rates up to 7.5%

Among the banks and building societies singled out by the financial services comparison website include Principality Building Society and Zopa.

Savers are rushing to secure a high interest account before potential further interest rate cuts from the Bank of England later this year.

Best regular savings accounts

Here is a full list of the best regular savings currently on offer this week with interest rates attached:

• Principality BS – 7.5 per cent AER / 7.36 per cent Gross
• Zopa – 7.1 per cent AER / 6.87 per cent Gross
• Progressive BS – Seven per cent AER / Gross
• Co-Operative Bank – Seven per cent AER / Gross
• Nationwide BS – 6.5 per cent AER / Gross
• Kent Reliance – Six per cent AER / Gross
• Hanley Economic BS – 5.5 per cent AER / Gross
• Scottish BS – Five per cent AER / Gross
• Monmouthshire BS – 4.75 per cent AER / Gross
• Market Harborough BS – 4.25 per cent AER / Gross

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Best fixed-rate savings accounts

Here is a list of the best savings accounts offering a one-year fixed interest rate:

• LHV Bank – 4.46 per cent AER / Gross
• Conister Bank – 4.45 per cent AER / Gross
• Habib Bank Zurich – 4.45 per cent AER / Gross
• DF Capital – 4.40 per cent AER / Gross
• JN Bank – 4.38 per cent AER / Gross
• Vanquis Bank – 4.35 per cent AER / Gross
• GB Bank – 4.35 per cent AER / Gross
• Affin Bank – 4.35 per cent AER / Gross

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Best cash ISAs

Here is a list of the best cash ISAs with a one year fixed interest rate attached currently on offer:

• Vida Savings – 4.28 per cent AER / Gross
• Tembo Money – 4.27 per cent AER / Gross
• Investec Bank – 4.27 per cent AER / Gross
• UBL UK – 4.23 per cent AER / Gross
• Zopa – 4.22 per cent AER / Gross
• Gatehouse Bank – 4.21 per cent AER / Gross
• NatWest – 4.20 per cent AER / Gross
• Royal Bank of Scotland – 4.20 per cent AER / Gross
• Vanquis Bank – 4.16 per cent AER / Gross
• Hodge Bank – 4.16 per cent AER / Gross

Here is a full list of the best cash ISAs with a variable interest rate attached currently on offer:

• Moneybox – 4.52 per cent AER / 4.49 per cent Gross
• Plum – 4.45 per cent AER / 4.40 per cent Gross
• Chip – 4.42 per cent AER / 4.33 per cent Gross
• Moneybox – 4.24 per cent AER / Gross
• Harpenden BS – 4.21 per cent AER / Gross
• Principality BS – 4.20 per cent AER / Gross
• Bank of Ireland UK – 4.16 per cent AER / Gross
• Coventry BS – 4.15 per cent AER / Gross
• Teachers BS – 4.14 per cent AER / Gross
• Tesco Bank – 4.13 per cent AER / Gross

Best easy-access accounts

Here is a full list of the best easy access savings accounts without a bonus attached:

• cahoot – Five per cent AER / Gross
• Chase – 4.40 per cent AER / Gross
• Snoop – 4.35 per cent AER / 4.26 per cent Gross
• Coventry BS – 4.30 per cent AER / Gross
• Tipton & Coseley BS – 4.30 per cent AER / Gross
• Manchester BS – 4.25 per cent AER / Gross
• Hodge Bank – 4.21 per cent AER / Gross
• Penrith BS – 4.21 per cent AER / Gross
• Harpenden BS – 4.15 per cent AER / Gross
• Teachers BS – 4.15 per cent AER / Gross

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

• Chase – 4.50 per cent AER / 4.41 per cent Gross
• Ulster Bank – 4.50 per cent AER / 4.41 per cent Gross
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  Sidekick – 4.48 per cent AER / 4.39 per cent Gross
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  Monument Bank – 4.41 per cent AER / 4.32 per cent Gross
• Chip – 4.37 per cent AER / 4.29 per cent Gross
• Chip – 4.33 per cent AER / 4.26 per cent Gross
• Shawbrook Bank – 4.30 per cent AER / 4.22 per cent Gross
• Principality BS – 4.25 per cent AER / 4.17 per cent Gross
• Tesco Bank – 4.20 per cent AER / Gross
• Skipton BS – 4.16 per cent AER / Gross

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Caitlyn Eastell, spokeswoman at Moneyfactscompare.co.uk, said: “Moneybox now leads the Cash ISA market with a 4.52 per cent AER, but savers should note this includes a bonus that expires after 12 months and limits withdrawals.”

She added: “Regular savers can earn up to 7.50 per cent AER, outpacing inflation by over 3 per cent, but it’s vital to check the terms and conditions for any restrictions.”

“The average savings rate has dipped slightly from 3.43 per cent to 3.42 per cent,” she warned.

“Savers need to shop around and consider challenger banks, rather than sticking with providers out of loyalty.”