The best savings accounts (November 2024)

Here are the top places to put your cash.

After a few years of improving savings rates, thanks largely due to the Bank of England base interest rate increases since 2021, we’re starting to see most rates start to drop back a lot, and that could continue for the rest of 2024.

You want to make sure you’re getting the best rate on your savings, and this article will take you through the best options right now.

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Best easy access savings accounts – up to 5%

These are the most flexible accounts, though as a result, you’ll usually get lower rates. You can add and take your money out at any time.

Top limited access

Chip powered by ClearBank (4.75% AER variable – includes 0.93% bonus for 12 months): min £0 / max £1m
- 3 withdrawals a year, after which the rate reverts to 3.82% AER variable

Top full access

Cahoot Sunny Day Saver (5% AER variable for 12 months): min £1 / max £3,000 (part of Santander)
- Can have one personal and one joint account
Monument Bank via Raisin (4.87% AER variable): min £1,000 / max £85,000
Chetwood Bank (4.86% AER variable): min £1 / no max
Atom Bank (4.85% AER variable): min £0 / max £100,000
Vanquis Bank (4.85% AER variable): min £1,000 / max £250,000

Top interest from investment accounts

Top Building Society

Top Sharia bank

QIB via Raisin (4.5% expected profit variable): min £1,000 / max £85,000

For large deposits with full protection

NS&I Income Bonds (4% AER variable – drops to 3.75% from 20 November): min £500 / max £1m
NS&I Direct Saver (4% AER variable – drops to 3.75% from 20 November): min £1 / max £2m

Best notice accounts – up to 5.15%

A notice account means you have to request to get your money and interest, which will be released after a set time. They often have a variable rate but if there’s a cut you’ll normally be given notice.

Six-month notice – up to 5%

Four-month notice – up to 4.96%

Charter Savings Bank (4.96% AER variable): 120-day notice: min £5,000 / max £1m
Vanquis Bank (4.95% AER variable): 120-day notice: min £1,000 / max £250,000
Cynergy Bank (4.95% AER variable) 120-day notice: min £500 / max £1m

Three-month notice – up to 5.15%

BLME (5.15% expected profit rate variable): 90-day notice: min £20,000 / max £1m
LHV Bank via Raisin (5.1% AER variable): 95-day notice: min £1,000 / max £85,000
Vanquis Bank (5.1% AER variable): 90 day-notice: min £1,000 / max £250,000

Two-month notice – up to 5.06%

One-month notice – up to 4.94%

Monument Bank (4.94% AER variable): 45-day notice: min £25,000 / max £2m

Best current account linked easy access savings – up to 6%

Some of the best rates are in or linked to current accounts – or you might just want the convenience of having everything at the same bank (though that’s not always a good idea).

Anyone can open all of these accounts, though you will be credit-checked for opening the current account itself. They often have additional requirements or fees to consider. You may already have seen some of these listed in the easy and limited access lists above.

Interest earned in separate savings account – up to 6%

Santander Edge Saver (6% AER variable, includes 1.5% bonus for 12 months): min £0 / max £4,000
- Requires Santander Edge current account (£3 monthly fee)

Interest earned in current account – up to 5%

Nationwide FlexDirect (5% AER variable): min £0 / max £1,500
Kroo: (3.85% AER variable): min £0 / max £500,000
- Interest is earned in the main current account
- The rate tracks the base rate minus 0.9% (changes to minus 1.1% from 26 November 2024)

Best fixed savings accounts – up to 5%

You can fix your savings for a year or longer and get a slightly better rate in return. However, you need to be sure you won’t need access to that cash over that time. The longer you fix, the greater the risk you’ll lose out if rates were to rise. But at the same time, they’re protected if rates were to fall.

It’s worth noting too when longer fixes provide you with access to the interest. With most it’s at the end of the fix, meaning all that interest will count towards your personal savings allowance for the year you receive it.

Three-month fixes – up to 4.87%

Oxbury Bank (4.87% AER fixed): min £1,000 / max £500,000
Gatehouse Bank via Raisin (4.75% expected profit rate fixed): min £1,000 / max £85,000

Six-month fixes – up to 5%

Nine-month fixes – up to 4.8%

12-month fixes – up to 4.8%

Atom Bank (4.8% AER fixed) min £50 / max £100,000
Ahli United via Raisin (4.8% expected profit fixed): min £1,000 / max £85,000
SmartSave (4.76% AER fixed): min £10,000 / max £85,000
Habib Bank Zurich (4.75% AER fixed): min £5,000 / max £1m
Kent Reliance (4.71% AER fixed): min £1,000 / max £1m

18-month fixes – up to 4.71%

2 year fixes – up to 4.6%

3 year fixes – up to 4.6%

Atom Bank (4.6% AER fixed): min £50 / max £100,000
GB Bank via Prosper (4.6% AER fixed): min £20,000 / max £250,000
SmartSave (4.56% AER fixed): min £10,000 / max £85,000
JN Bank (4.52% AER fixed): min £100 / max £500,000
UBL via Raisin (4.51% AER fixed): min £2,000 / max £85,000

Longer fixes – up to 4.4%

4 year fix SmartSave (4.38% AER fixed): min £10,000 / max £85,000
5 year fix Atom Bank (4.5% AER fixed) min £50 / max £100,000

Best Regular Savings accounts

These accounts are all “Regular” or monthly savers which work differently to normal saving accounts. Here’s Andy’s full guide to how they work.

We’ve listed the top paying options below. Find more regular savings accounts in our separate best buy guide.

Principality Building Society 6-month regular saver (8% AER fixed): min £0 / max £200 a month
First Direct Regular Saver (7% AER fixed): min £25 / max £300 a month
- requires a First Direct current account – full review
Co-operative Bank Regular Saver (7% variable): min £1 / max £250 a month
- Requires a Co-op Bank current accountAut
Principality Building Society Christmas 2025 Regular Saver (7% AER fixed): min £1 / max £125 a month
Nationwide Flex Regular Saver (6.5% AER variable): min £1 / max £200 per month
- Maximum 3 withdrawals per year, after which your rate drops to 2.15%.
- Requires Nationwide current account – full review
Club Lloyds Monthly Saver (6.25% AER fixed): min £25 / max £400 a month

Best Cash ISAs

Though most of us don’t need the tax-free “wrapper” offered by an ISA, if you are wanting to use one then the same goes in terms of finding the best rate.

Here are the top paying rates for each type, we’ve listed more options over on our dedicated Best Cash ISA page.

Best auto-savings rates – up to 5%

Apps like Chip and Plum and features like Monzo’s IFTTT are great tools to boost how much is in your savings. But the rates aren’t always the best. I’d personally look to transfer these savings over to a higher paying account, but in the short term it pays to use those with the best rates.

Chase (5% AER variable) – rate on roundups only – read more about Chase
Chip via Clearbank (5% AER variable) – Charges can apply, read more about Chip
Monzo (4.1% AER variable) – read more about IFTTT
Plum (4% AER variable for free users)

Prize draw accounts

Premium Bonds – 4.15% prize rate

The prize rate for Premium Bonds currently stands at 4.15%. This doesn’t mean you’ll get 4.15% back on your savings, though the closer you are to the £50,000 maximum deposit, the closer you’ll get to the rate (on average). Here’s more.

Best children’s savings account

We’ve written in more detail about the different savings accounts for kids, so do check that article out to understand the conditions such as access and find all the top rates.

Best ethical savings account

The money you hold in your savings is used by the banks to invest and lend money. This could mean it’s used for things you might disagree with, such as fracking, tobacco or arms manufacturing.

There are banks with ethical policies such as Triodos, while building societies must lend 75% of their funds to home buyers, meaning they don’t have the cash to invest elsewhere.

Sharia accounts can’t be used for things against Islamic law, like tobacco or gambling and I’ve listed the top ones further down the article.

The “greenest” banks are Ecology Building Society and Triodos, though they won’t always make the tables above. The following banks and building societies are more likely to appear above.

There’s also the NS&I Green Bond, a 3-year fixed-rate account. It’s currently paying 2.95%. Here’s our analysis.

Top Sharia savings accounts

Paying interest isn’t allowed in Islam, so a Sharia-compliant savings account instead promises a return on the money saved – an expected profit rate. Though technically this means the rate isn’t guaranteed, it’s not happened yet. They’re open to everyone, not just Muslims. Money in these accounts won’t be invested in arms, tobacco, gambling or tobacco.

Look in the tables above for banks offering an expected profit rate rather than AER. The main banks are:

Finding the latest savings rates

We update this page once or twice a day (check the published date to see when it last happened), but if you find a rate has been cut or isn’t available, you can check the MoneyFacts website for a partial list.

The best savings accounts (November 2024)

Here are the top places to put your cash.