Finding the Right Savings Account to Grow Your Money
If you’re looking to make the most of your savings in 2025, choosing the right account is key. Whether you want easy access to your money, the best interest rates, or a long-term fixed savings plan, this guide breaks down the best options available in the UK right now.
Top Savings Accounts – Which One Is Right for You?
Not all savings accounts are created equal. The best account for you will depend on how much flexibility you need, how long you’re willing to lock in your money, and the returns you’re looking for.
Here’s a breakdown of the best savings accounts in 2025:
Best Easy-Access Savings Accounts (For Flexibility)
Best for: People who want access to their money at any time while earning some interest.
Easy-access accounts allow you to withdraw money whenever you need it. However, they typically offer lower interest rates compared to fixed-term options.
Top easy-access accounts in 2025:
- Chase Saver Account – 4.75% AER, no withdrawal limits
- Zopa Smart Saver – 4.60% AER, flexible savings pots
- Yorkshire Building Society Internet Saver Plus – 4.55% AER, unlimited withdrawals
Best Fixed Savings Bonds (For Higher Interest Rates)
Best for: Those who can lock their money away for a set period in exchange for higher interest rates.
Fixed savings bonds require you to commit your money for a certain period (e.g., 1, 2, or 5 years). In return, you get a higher, fixed interest rate.
Top fixed savings bonds in 2025:
- Atom Bank 1-Year Fixed Saver – 5.10% AER
- Shawbrook Bank 2-Year Fixed Saver – 5.25% AER
- Gatehouse Bank 5-Year Fixed Saver – 5.50% AER (Sharia-compliant)
Important: You can’t withdraw money early without penalties, so only use these accounts if you don’t need immediate access to your cash.
Best Regular Savings Accounts (For Monthly Savers)
Best for: People who want to save money little by little each month while earning a high interest rate.
Regular savings accounts reward you with higher interest rates if you commit to saving a set amount each month.
Top regular savings accounts in 2025:
- First Direct Regular Saver – 7% AER (Max £300 per month)
- Lloyds Bank Club Lloyds Monthly Saver – 6.25% AER (Max £400 per month)
- NatWest Digital Regular Saver – 6.10% AER (Max £150 per month)
Best Notice Savings Accounts (For Higher Returns with Some Flexibility)
Best for: People who don’t need instant access but want higher rates without committing to a fixed-term bond.
Notice savings accounts require you to give advance notice before withdrawing your money (usually 30, 60, or 90 days).
Top notice savings accounts in February 2025:
- Investec 90-Day Notice Account – 5.15% AER
- OakNorth 120-Day Notice Account – 5.25% AER
Charter Savings Bank 95-Day Notice – 5.05% AER
What Are the Rates on Premium Bonds?
Best for: People who prefer a chance to win tax-free prizes instead of earning fixed interest.
Premium Bonds don’t pay interest but instead enter your money into a monthly prize draw where you can win up to £1 million tax-free.
NS&I Premium Bonds – Prize rate of 4.65% AER (Not guaranteed, but prizes are tax-free).
Tip: Premium Bonds are best for savers who enjoy the thrill of a prize draw rather than fixed returns.
Best Cash ISAs (For Tax-Free Savings)
Best for: People who want to earn interest tax-free on their savings.
A Cash ISA allows you to earn interest tax-free, making it a great option for those looking to maximize savings.
Top Cash ISAs in February 2025:
- Paragon Bank 1-Year Fixed ISA – 5.00% AER
- Virgin Money Easy-Access ISA – 4.55% AER
- Nationwide Triple Access ISA – 4.60% AER
Is My Money Protected?
Yes! In the UK, any money you save in banks or building societies covered by the Financial Services Compensation Scheme (FSCS) is protected up to £85,000 per person, per institution.
However, savings with non-FSCS providers or investments are not guaranteed, so always check before you deposit large sums.
Will Savings Rates Go Up?
Interest rates have been high in recent months, but they may start to decline if the Bank of England lowers the base rate later this year.
If you want to lock in the best rates, consider a fixed savings bond now while rates are still attractive.
Are Savings Accounts Worth It?
Yes—especially if you want a safe, low-risk way to grow your money.
However, if you’re saving for long-term goals (5+ years), investing in Stocks & Shares ISAs may offer higher returns over time.
How to Get the Most Interest on Your Savings
Top tips for maximising savings interest:
- Use high-interest regular savers – These offer the best rates but have limits on how much you can save per month.
- Consider fixed-term accounts – If you don’t need immediate access, they offer higher returns.
- Use a Cash ISA – Earn interest tax-free.
- Switch accounts regularly – Rates change, so check often for better deals.
Should I Save or Invest My Money?
It depends on your financial goals!
- If you need access within 1–3 years → SAVE (in a high-interest savings account).
- If you’re saving for the long term (5+ years) → INVEST (Stocks & Shares ISA, pension funds).