The Bank of England base rate currently stands at 4.75%, following a rate cut of a quarter of a percentage point in November 2024. With the Bank of England base rate predicted to fall gradually, savers are keen to secure the best rate on their savings. In this article, we share the bank accounts and easy access cash ISAs offering interest rates over 5% so you can earn the most interest on your money.
For more information on the best rates in the market bookmark our savings best buy tables to stay up to date with the latest rates.
Earn 4.84% AER variable interest on your cash
Put your cash to work. Earn 4.84% (AER variable) interest on uninvested cash in a Dodl investment ISA and investment LISA.
- Earn tax-free interest on money that is not yet invested.
- Interest paid quarterly.
- Investing involves risk.
- T&Cs apply.
Savings accounts with rates over 5%
In the following comparison table, we compare some of the best accounts and easy-access cash ISAs on the market right now with interest rates of 5% and over. For more information on the accounts, eligibility and any key features of the account see below the table.
Remember when saving money into a non-ISA account, you can only earn up to £1,000 in interest, if you are a basic-rate taxpayer, before you will be taxed on interest (£500 for a higher-rate taxpayer). This is known as the personal savings allowance and more information can be found in our article, 'What is the personal savings allowance and how you can boost it by £5,000'. If you're saving within a cash ISA, you can save up to £20,000 across all your ISAs every year tax-free. Any interest you earn is tax-free.
Best savings accounts with over 5% interest - a comparison
| Savings Rate | Account type | Pay in amount | Easy access | Bank's current account required | |
| Principality 6 Month Regular Saver | 8.00% | Regular Saver | £0 - £200 (per month) | No | No |
| First Direct Regular Saver | 7.00% | Regular Saver | £25 - £300 (per month) | No | Yes |
| The Co-operative Bank Regular Saver | 7.00% | Regular Saver | £0 - £250 (per month) | Yes | Yes |
| Skipton Building Society Member Regular Saver | 7.00% | Regular Saver | £0 - £250 (per month) | No | Yes |
| Principality Christmas 2025 Regular Saver | 7.00% | Regular Saver | £0 - £125 (per month) | No | No |
| Nationwide Flex Regular Saver | 6.50% | Regular Saver | £0 - £200 (per month) | Yes | Yes |
| Club Lloyds Monthly Saver | 6.25% | Regular Saver | £25 - £400 (per month) | Yes | Yes |
| NatWest Digital Regular Saver | 6.17% | Regular Saver | £0 - £150 (per month) | Yes | Yes |
| RBS Digital Regular Saver | 6.17% | Regular Saver | £0 - £150 (per month) | Yes | Yes |
| Saffron Building Society | 5.55% | Children's Regular Saver | £5 - £100 (per month) | Yes | No |
| Halifax Regular Saver | 5.50% | Regular Saver | £25 - £250 (per month) | No | No |
| Halifax Kids’ Monthly Saver | 5.50% | Children's Regular Saver | £10 - £100 (per month) | No | No |
| Prosper 365 Day Notice Tracker | 5.23% | Notice Account | £20,000 | No | Yes |
| Plum Cash ISA* | 5.18% | Cash ISA | £100 | Yes | No |
| Moneybox Cash ISA | 5.17% | Cash ISA | £500 | Yes | Yes |
| Barclays Rainy Day Saver | 5.12% | Easy Access | £1 - £5,000 | Yes | Yes |
| Santander Regular Saver | 5.00% | Regular Saver | £0 - £200 (per month) | No | Yes |
| Nationwide FlexDirect account | 5.00% | Current Account | £1,000 | Yes | Yes |
| HSBC Regular Saver | 5.00% | Regular Saver | £25 - £250 (per month) | No | Yes |
Correct at 02/12/2024
Get 5.18% (AER Variable) with the Plum Cash ISA
Earn 5.18% (AER Variable) with the Plum Cash ISA
- Easy Access Cash ISA
- Rate includes a Plum Bonus of 1.39% AER (variable)
- T&Cs and eligibility criteria apply
- Plum account required
Principality 6 Month Regular Saver - 8.00%
There is no minimum deposit and you don't have to save every month. However, if you deposit the maximum amount of £1,200 over six months, then you can expect to have a final balance of £1,227.53 at the end of the six months.
Who is eligible for the Principality 6 Month Regular Saver?
- Must be at least 16 years old
- Must be a UK resident
- Can hold the account jointly
First Direct Regular Saver - 7.00%
The First Direct Regular Saver allows First Direct personal current account holders to get 7% interest for a fixed period of 12 months. You cannot access your money within the 12-month term unless you close your account and if you do this, you will only receive an interest rate equivalent to the First Direct savings account, which is currently 2.00%.
You can only save a maximum of £3,600 a year in the First Direct Regular Saver and you can save between £25 - £300 a month. The payment must be made via a single monthly standing order but you can change the amount if you need to. If you save the maximum amount of £3,600 throughout the term you can expect to earn around £136.50 in interest.
Who is eligible for the First Direct Regular Saver?
- Must be a First Direct current account holder
The Co-operative Bank Regular Saver allows Co-op Bank account holders to get 7% interest on their deposit for a fixed period of 12 months. The 12-month period starts from the date when the bank accepts your first deposit. You can access the account whenever you want and there are no penalties if you choose to do so.
You can save up to £250 a month every month. If you exceed this amount, the excess will be returned to you. If you save the maximum for 12 months, you could end up with a balance of £3,114.21 of which £114.21 could be interest earned assuming the Co-op doesn't change the interest rate, you haven't made any additional deposits or withdrawals, and you make your 12 regular monthly deposits on the first each month starting in January.
Who is eligible for the Co-operative Bank?
- Must be a current Co-operative Bank account holder
- Must be a UK resident
- Must be aged 16 or over
Skipton Building Society Regular Saver - 7.00%
The Skipton Building Society allows Skipton members to get 7% interest for a fixed period of 12 months. This account is only open to those who were Skipton Building Society members on or before 11th January 2024. You cannot access your money within the 12-month term unless you close your account (which you can do at any time and withdraw the full balance).
You can only save a maximum of £3,000 a year in the Skipton Building Society Regular Saver and you can save between £1 - £300 a month. If you save the maximum amount of £3,000 throughout the term you can expect to earn around £113.00 in interest.
Who is eligible for the Skipton Building Society Regular Saver?
- Must be a Skipton member on or prior to 11th January 2024
The Principality Christmas 2025 Regular Saver offers customers the opportunity to save up to £125 per month and earn 7.00% fixed interest on their savings for 12 months. Savers who contribute the full amount for 12 months could end up with a balance of £1,556.58.
No withdrawals can be made during the 12 month period. Principality will get in touch with you to find out what you want to do with your money before the bond matures. If they don't receive instructions from you, they will deposit the savings into one of their Instant Access accounts.
Who is eligible for the Principality Christmas 2025 Regular Saver?
- Must be at least 16 years old
- Must be a UK resident
- Can be held jointly
Nationwide Flex Regular Saver - 6.50%
Savers can deposit a maximum of £200 a month into the account and can make up to 3 withdrawals penalty-free. If you make 4 or more withdrawals from the account the interest rate will drop to 2.15% for the remainder of the term. The account can be opened online or via the mobile app.
Who is eligible for the Nationwide Flex Regular Saver?
- Must be an existing Nationwide current account holder
- Must be 16 or over and live in the UK
You can earn up to 6.25% for 12 months on your Club Lloyds Monthly Saver if you are a Club Lloyds account holder. You need to set up a standing order or bank transfer between £25 and £400 a month to get the 6.25% interest rate, but you can top up the amount you save each month at any time, as long as it does not exceed the £400 monthly limit. If you deposit the maximum amount each month you can expect your account balance to be roughly £4,950.00 after the interest is paid.
If you set up a regular payment or standing order this needs to reach the account by the 25th of each month. You can access your money at any time with a Club Lloyds monthly saver and after 12 months the account will change to a standard saver. The interest on this account is paid at the end of the 12-month term.
Who is eligible for the Club Lloyds Monthly Saver?
- You need to be a UK resident and a minimum of 18 years old to open a Club Lloyds Monthly Saver
- Must be a Club Lloyds current account holder (which comes with a £3 monthly fee that is waived if you deposit at least £2,000 into the account each month)
- Must not have already opened a monthly saver account in the last 12 months
NatWest & RBS Digital Regular Saver - 6.17%
You can earn 6.17% gross (6.00% AER variable) on your NatWest and RBS Regular Saver balances between £1 - £5,000. However, once you exceed £5,000 the interest rate does drop to 1.75%. You can access your money at any time with a NatWest or RBS Digital Regular Saver which makes it a good option if you think you will need your money at some point in the future. Interest on this savings account is calculated daily and paid monthly.
You can save between £1 - £150 a month by standing order but this can be changed at any time and you can top up your monthly contribution up to the £150 limit. Additionally, it is possible to top up savings with round-ups and these round-up savings don’t contribute towards the monthly limit. If you save a maximum of £150 a month into this account your balance after 12 months will be £1,859.83 and you can expect to earn approximately £59.83 in interest.
Who is eligible for the Natwest/RBS Digital Regular Saver?
- Must be 16+
- Have a NatWest/RBS current account
- Must be your only digital regular saving account
The Saffron Building Society Children's Regular Saver comes with a 5.55% AER variable interest rate. The minimum balance is £5 and the maximum amount you can save for your child each month is £100. If you save the maximum amount each month, you could have a balance of £1,236.08 at the end of the 12 months inclusive of £36.08 in interest.
This is an easy-access account and you're allowed to take money out of the account whenever you want. The account can be opened online or by post and can then be managed in branch, by post, by phone, or on webchat.
Who is eligible for the Saffron Building Society Children's Regular Saver?
To open the account, you must be:
- 17 years old or younger and a UK resident
- For children under 13, the account must have an adult signatory
- Only one account per child
Halifax Regular Saver - 5.50%
You can earn 5.50% gross/AER when you save between £25 and £250 each month using a Halifax Regular Saver account. The interest rate is fixed and cannot be changed during the term once you open your account. You cannot access your savings during the 12 month term and if you choose to close the account, the balance including any interest that you earned will be transferred to a Halifax Everyday Saver account and earn the variable rate of interest available with that type of account at the time.
You can open a Halifax Regular Saver account with a minimum balance of £1 and you can deposit between £25 and £250 each month. If you save the maximum amount of £250 each month, your balance at the end of 12 months is likely to be around £3,082.50 if you make no withdrawals.
Who is eligible for the Halifax Regular Saver?
- Must be 16+
- Must be a UK resident
Halifax Kids’ Monthly Saver - 5.50%
If you would like to save money on your child's behalf, the Halifax Kids' Monthly Saver has a fixed interest rate of 5.50% for 12 months. You can contribute between £10 - £100 per month by standing order and the amount must reach the account by the 25th of the month to get the interest rate for that month. You can change the amount of your standing order at any time but you don't have to contribute every month. The money in your account cannot be accessed for the duration of the term unless you close your account. After the 12 months, the money that you have saved and the interest will be transferred to the Kids' Saver account which was opened when you opened the Monthly Saver.
Who is eligible for the Halifax Kids' Monthly Saver?
- For children 15 and under (ideal for adults who want to save on their behalf)
- Accountholder must be 18+ and a UK resident
- If you aren’t a parent or legal guardian of the child you need their permission to open this account
Prosper 365 Day Notice Tracker - 5.23%
As long as you do not make any withdrawals within 12 months, you can expect to earn £52.21 in interest for every £1,000. As this is a notice account, to withdraw your funds, you must serve notice. While earlier withdrawal may be possible without notice, it may be subject to additional charges or penalties.
Who is eligible for the Prosper account?
- Must have a Propser account
- Must have at least £20,000 to deposit
Plum Cash ISA - 5.18%
After your first 12 months, the rate falls to 3.79% AER. You can transfer in an existing ISA but the rate will only be 3.79% AER (variable). If your balance falls below £100 or you make more than three withdrawals in 12 months, then your interest rate will fall to 2.50% AER (variable).
Who is eligible for a Plum Cash ISA?
- Must be 18+
- Must be a UK customer
- Must download the Plum app
Moneybox Cash ISA - 5.17%
The interest rate includes a bonus rate of 0.45% for the first 12 months. You can make up to three withdrawals every 12 months without impacting your rate. To give you an idea of how much you could make in a year if you make no withdrawals, a £1,000 deposit on opening the account could be worth £1,051.50 after 12 months.
Who is eligible for a Moneybox Cash ISA?
- Must be 18+
- Must be a UK resident
- Must download the Moneybox app
- Can't be held jointly
Barclays Rainy Day Saver - 5.12%
If you are a Barclays Blue Rewards member you can earn up to 5.12% AER on your balance up to £5,000 in a Barclays Rainy Day Saver. If you deposit the full £5,000 you can expect to earn roughly £251.34 in interest on the balance. However, if your balance exceeds the £5,000 limit the interest rate drops to 1.16% on funds over and above £5,000.
The Barclays Rainy Day Saver can be opened with a minimum of £1 and you can deposit a maximum of £10 million. If required, you can access your money at any time.
Who is eligible for the Barclays Rainy Day Saver?
- Must be a Barclays Blue Rewards member (can earn cashback and rewards but must pay £5 monthly account fee)
- Must be 18+
- Must be a UK resident
Santander Regular Saver - 5.00%
Who is eligible for a Santander Regular Saver?
- Must be a UK resident
- Must be 16+
- Must have a Santander current account
Nationwide FlexDirect account - 5.00% on balance
Nationwide FlexDirect current account holders can earn 5% interest on current account balances up to £1,500. In order to qualify for the rate, however, you must pay in a minimum of £1,000 a month and if you don't meet this criteria the interest rate will revert to 1.00%. Nationwide account transfers do not count towards the £1,000 monthly pay-in amount required. After the initial 12 months end, the interest rate on this account will revert back to 1.00%.
When opening a Nationwide FlexDirect account you can also benefit from a 12-month interest-free overdraft, as long as you meet the required eligibility criteria, although after the 12-month period ends this rate does increase to 39.9%. You can also access the Flex Instant Saver which has an interest rate of 3.25% for 12 months or the Flex Regular Saver which is 6.50% variable for 12 months.
Who is eligible for the Nationwide FlexDirect account?
- Must be 18+
- Must be a UK resident
- Hold no more than 4 existing Nationwide accounts (including both sole and joint accounts)
HSBC Regular Saver - 5.00%
HSBC's Regular Saver
Who is eligible for the HSBC Regular Saver?
-
- Must be 18+
- Must have one of the following HSBC current accounts: HSBC Premier, HSBC Advance, Bank Account, Bank Account Pay Monthly, HSBC Student Bank Account or Graduate Bank Account which you must maintain for the 12-month duration
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