Britons are being reminded to take advantage of high-interest savings deals before it's too late
Analysts are revealing the best savings accounts for the week beginning March 24, 2025, with some banks offering interest rates of up to 7.5 per cent.
Britons have been able to benefit from a period of high interest rates due to recent action from the Bank of England but for how much longer remains to be seen.
The central bank's Monetary Policy Committee (MPC) has raised the base rate to as high as 5.25 per cent to mitigate the impact of soaring inflation.
However, with the consumer price index (CPI) easing, the Bank has slashed rates to 4.5 per cent with further cuts expected later in the year.
As such, savers are being urged to take advantage of competitive deals before they are withdrawn from the market.
Here is a full list of the best regular savings accounts for the week beginning March 24:
Here is a full list of the best one-year fixed-rate savings for the week beginning March 24:
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Here is a full list of the best cash ISAs with a one-year fixed interest rate attached currently on offer for the week beginning March 24:
Here is a full list of the best cash ISAs with a variable interest rate attached currently on offer for the week beginning March 24:
Here is a full list of the best easy access accounts without a bonus attached for the week beginning March 24:
Here is a full list of the best easy access accounts with a bonus attached for the week beginning March 24:
Rachel Springall, a finance expert at Moneyfactscompare.co.uk said: "There are very few days left before the new tax-year arrives in April and as time ticks down there has been increased competition among providers to entice savers deposits.
"Over the past week several savings providers have improved the rates offered on cash ISAs, so much so that there are new market-leading rates available.
"Those brands to improve their fixed ISA rates over the past week include Vanquis Bank, OakNorth Bank, Shawbrook Bank, UBL UK, Cynergy Bank, Charter Savings Bank, Hodge Bank and Kent Reliance, all of which sit in the top rate tables.
"Those savers who prefer to keep their cash at hand will find new table topping cash ISA rates this week, with Chip leading the market, closely followed by Moneybox.
"Those looking for a competitive return on a regular savings account will find Principality Building Society holding the top spot, offering 7.50 per cent AER fixed for six months.
"This could be an ideal choice for savers looking to instill the savings habit.
"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.
"It’s vital savers take time out to check any existing pots against the market to ensure they are getting a decent return on their hard-earned cash."