Those who want to instil the savings habit are urged to consider the top-paying regular savings account
Savers are being urged to act fast as top-paying savings accounts now offer rates of up to 7.5 per cent.
Experts have warned that waiting too long could mean missing out, especially as the Bank of England cut the base rate to 4.25 per cent at their latest meeting.
This week’s leading accounts still offer competitive rates, but experts warn they may not stick around for long.
Analysts at Moneyfactscompare have compiled a list of the best savings accounts available in the UK for the week beginning May 12, 2025.
Rachel Springall, Finance Expert at Moneyfactscompare.co.uk said: "The Bank of England base rate cut has led to an inevitable fall to tracker rates on variable savings accounts, and easy access accounts could be next to see cuts. Savers will need to be vigilant and be sure to review their rate over the coming weeks, and switch if they are getting a raw deal.
"Those who want to instil the savings habit would be wise to make use of a regular savings account. The top regular saver remains on offer from Principality Building Society at 7.50 per cent AER fixed for six months.
"Whichever account savers decide on, it is imperative to ensure they stay within their Personal Savings Allowance (PSA) and take advantage of their ISA allowance to protect their hard-earned cash from tax.
"Savers are at risk of rate cuts so they must proactively switch and ditch any accounts that do not work hard enough for them, as loyalty does not pay."
Here is a list of the best regular savings accounts currently on offer this week:
Here is a list of the best savings accounts on offer with a one-year fixed-rate interest rate attached for the week:
Here is a full list of the best cash ISAs with a one-year fixed interest rate attached currently on offer for the week:
Here is a full list of the best easy access savings accounts without a bonus attached for the week: