Savers implored to take advantage of 8% interest rates

Best regular savings accounts

Here is a full list of the best regular savings accounts on offer for the week beginning November 11, 2024:

• Principality BS – Eight per cent AER / 7.85 per cent gross
• The Co-operative Bank – Seven per cent AER / gross
• Principality BS – Seven per cent AER / gross
• Nationwide BS – 6.50 per cent AER / gross
• NatWest – 6.17 per cent AER / six per cent
• Royal Bank of Scotland – 6.17 per cent AER / six per cent gross
• Melton BS – Six per cent AER / gross
• West Brom BS – Six per cent AER / gross
• Market Harborough BS – Six per cent AER / gross
• TSB – Six per cent AER / gross.

Best fixed-rate savings accounts

Here is a full list of the best savings accounts with a one-year fixed rate for the week beginning November 11, 2024:

• Atom Bank – 4.80 per cent AER / gross
• Ahli United Bank (UK) plc – 4.80 per cent AER / gross
• SmartSave – 4.76 per cent AER / gross
• ICICI Bank UK – 4.75 per cent AER / gross
• Habib Bank Zurich plc – 4.75 per cent AER / gross
• Habib Bank Zurich plc – 4.75 per cent AER / gross
• Kent Reliance – 4.71 per cent AER / gross
• Gatehouse Bank – 4.70 per cent AER/gross
• Al Rayan Bank – 4.70 per cent AER/gross
• BACB – 4.70 per cent AER/gross

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What are the best savings accounts of the week?

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Best Cash ISAs

Here is a full list of the best cash ISAs with a one-year fixed rate attached for the week beginning November 11, 2024:

• Punjab National Bank (International) Limited – 4.60 per cent AER / gross
• Virgin Money – 4.51 per cent AER / gross
• Mansfield BS – 4.50 per cent AER / gross
• Shawbrook Bank – 4.47 per cent AER / gross
• Cynergy Bank – 4.46 per cent AER / gross
• Kent Reliance – 4.46 per cent AER / gross
• Charter Savings Bank – 4.45 per cent AER / gross
• Close Brothers Savings – 4.45 per cent AER / gross
• Beehive Money – 4.41 per cent AER/gross
• UBL UK – 4.41 per cent AER/gross

Here is a full list of the best cash ISAs with a variable rate attached for the week beginning November 11, 2024

• Trading 212 – 5.17 per cent AER / 5.02 per cent gross
• Moneybox – 5.17 per cent AER / gross
• Plum – 4.92 per cent AER / 4.82 per cent gross
• Paragon Bank – 4.87 per cent AER / gross
• Principality BS – 4.85 per cent AER / gross
• West Brom BS – 4.85 per cent AER / gross
• Zopa – 4.80 per cent AER / 4.69 per cent gross
• Mansfield BS – 4.75 per cent AER / gross
• West Brom BS – 4.75 per cent AER / gross
• Chorley BS – 4.70 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 November 11, 2024:

• cahoot – Five per cent AER / gross
• Furness BS – 4.97 per cent AER / gross
• Monument Bank – 4.87 per cent AER / 4.76 per cent gross
• Oxbury Bank – 4.87 per cent AER / 4.76 per cent gross
• Atom Bank 0 4.85 per cent AER / 4.75 per cent gross
• Vanquis Bank – 4.85 per cent AER / gross
• Monument Bank – 4.81 per cent AER / 4.71 per cent gross
• Ford Money – 4.75 per cent AER / gross
• Aldermore – 4.75 per cent AER / gross
• Paragon Bank – 4.75 per cent AER / gross
• Ulster Bank – 4.75 per cent AER / gross

Here is a full list of the best easy-access savings with a bonus attached for the week beginning November 11, 2024:

• Principality BS – 4.85 per cent AER / gross
• Sidekick Money – 4.79 per cent AER / 4.68 per cent gross
• Chip – 4.75 per cent AER / 4.68 per cent gross
• Cynergy Bank – 4.60 per cent AER gross
• Beehive Money – 4.50 per cent AER gross
• Post Office Money® – 4.40 per cent AER /gross
• Principality BS – 4.35 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
• Tesco Bank – 4.30 per cent AER /gross

Rachel Springall, a finance expert at Moneyfactscompare.co.uk, broke down the current state of the savings market.

She explained: “The rate moves by providers within the savings market were mixed week-on-week, but there was a notable hit to short-term fixed bonds. Those looking for a guaranteed return on their investment will find a variety of top rate deals slashed, making it essential for savers to move quickly to grab a lucrative deal.

“Challenger banks continue to offer some of the best returns on the savings market, so these brands should not be overlooked in favour of the more familiar household names.

“As the Bank of England base rate fell further this will be disappointing news to hard-pressed savers. Consumers must be vigilant and monitor their savings pots closely and be sure to switch if their loyalty is not being rewarded.

“Outside of the Bank of England base rate, the swap rate market remains volatile, so providers will be conscious on how this may impact their future rate pricing in the weeks to come.”