# Best UK savings rates (July 2026)

> Savings & ISAs · Last updated 4 July 2026

Canonical HTML: https://moneyguide.org.uk/savings/best-savings-rates/
Markdown mirror: https://moneyguide.org.uk/savings/best-savings-rates.md

## Quick answer

Top easy-access savings pay around 4.5–4.9% AER in July 2026 after Bank Rate held at 4.25% in June; one-year fixes near 4.7–4.9% AER. Rates change weekly — use FSCS-protected accounts, check bonus-rate expiry dates, and shelter tax-free cash in ISAs if you have not used your £20,000 allowance.

Savings rates moved with Bank Rate but vary sharply by provider. This hub summarises the product types and what to check — not a personal recommendation. Confirm live rates on the provider site before you open an account.

## Key facts

- Easy-access top tier ~4.5–4.9% AER variable (July 2026 — verify live)
- One-year fixed bonds ~4.7–4.9% AER for lump sums
- Personal Savings Allowance: £1,000 basic rate, £500 higher rate, £0 additional rate
- FSCS protects up to £85,000 per person per banking licence

## Easy access vs fixed

Easy access suits emergency funds. Fixes lock money for the term — early withdrawal penalties apply. Ladder fixes across 1, 2 and 3 years if you have a large lump sum.

## Bonus rate traps

Headline rates often include temporary bonuses expiring after 12 months. Diarise the end date and switch when the rate drops.

## Frequently asked questions

### Are app-only banks safe?

Yes if FCA-authorised and FSCS-eligible — check the register. Licence grouping means multiple brands may share one £85,000 limit.

## Primary source

https://www.bankofengland.co.uk/boe-rate-database

## Related

- [Best Cash ISA rates](https://moneyguide.org.uk/savings/best-cash-isa-rates/)
- [Personal Savings Allowance](https://moneyguide.org.uk/savings/personal-savings-allowance/)
- [Featured offers*](https://moneyguide.org.uk/offers/)

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Independent UK money guidance from [Money Guide](https://moneyguide.org.uk). Information only — not regulated financial advice.