Top savings accounts this week: Britons urged to grab best deals while they can as banks offer 8%

As a new month begins, now is a perfect time for savers to review their variable savings rates

Over the past week some of the market-leading fixed rates endured cuts, so savers will need to be quick to grab a deal that pays five per cent or more.

Although the Bank of England chose to cut the base rate at their last meeting, experts have shown there are still good deals for savers to grab while they can to make the most of their money.

Easy access, notice and their ISA equivalents have seen rate cuts over the past month due to the base rate cut.

The Bank of England cut the interest rate from 5.25 per cent to five per cent following seven consecutive decisions to freeze it. Before this, there had been 14 consecutive base rate hikes since December 2021.

As the base rate falls, many providers are pulling their best rates from the market.

Rachel Springall, finance expert at Moneyfactscompare.co.uk said: "The savings market was less volatile in the number of top rates facing cuts this week, but there were still enough rate moves to switch up the market-leading accounts.

"The biggest moves appear to be occurring within the fixed rate sectors, but there are still a few bonds that will pay a guaranteed return of five per cent or more over the next 12 months.

"However, those looking to fix for longer may feel compelled to do so if they think rates are doomed to fall further.

"Variable rates remain rather stable week-on-week, but as some providers catch up to last month’s base rate cut, it is essential savers review, switch and ditch their easy access account if they are getting a poor return on their hard-earned cash."

Here is a full list of the best regular savings accounts on offer for the week beginning September 2, 2024:

Here is a full list of the best savings accounts with a one-year fixed rate for the week beginning September 2, 2024:

Here is a full list of the best cash ISAs with a one-year fixed rate attached for the week beginning September 2, 2024:

Here is a full list of the best cash ISAs with a variable rate attached for the week beginning September 2, 2024:

Here is a full list of the best easy-access savings accounts without a bonus attached for the week beginning September 2, 2024: