The Bank of England cut interest rates this month but you can still earn more than four per cent on your savings
The Bank of England cut interest rates in February 2025, but savers can still earn over 4% on their money. Top options include the Post Office offering 4.4% AER with limited initial access, Chipapp at 4.58% with a £25,000 minimum, and Monument Bank at 4.75% with three penalty-free withdrawals annually. Fixed-term accounts, such as RCI Bank’s 4.6% for 12 months, and Plum’s 5.05% with withdrawal limits, are also available. Cash ISAs offer tax-free savings up to £20,000. Always check terms, including rate durations and access conditions, before choosing an account.
