Savings round up - 23rd December
23/12/2025
Better than expected inflation figures the day before the MPC meeting on Base Rate was enough to tilt the decision in favour of a cut with the Bank of England voting 5-4 in favour of reducing Base Rate to 3.75%. Several providers have already cut with over 100 reductions since the meeting and more scheduled. Easy access rates are heading down towards 4% with best buy rates likely to be just above that come the end of January. However, 6 and 9 Month Fixed rates have improved and 1 Year rates are holding up - so far - but they are unlikely to last. 2 and 3 Year Fixed rates have plummeted and we expect both to drop to nearer 4% in January. Here's our round up of the leading providers and rates in each category:
With Monument gone, Chase are the best buy at 4.50% - but a huge 2% of this is via a 12 month bonus rate - and their rate is dropping to 4.25% on 29th December. Cahoot, part of Santander, pay 4.40% but look ripe for a cut too. Estonian bank, LHV, pay 4.25% but this drops to 4% on 5th January. Family Building Society pay 4.14% on their market saver, but expect this to be reviewed (downwards) in January. Vida Savings pay 4.11% and DF Capital pay 4.10% - but neither have responded to the Base Rate cut. Aldermore Bank pay 4.07% via Raisin and the same rate via Hargreaves Lansdown's Active Savings platform. UBL pay 4.06% via Raisin and Charter Savings Bank pay the same rate to complete the top 10.
GB Bank pay a best buy 4.33% for 120 Day Notice but this looks ripe for a cut. However, it will have to give 134 days notice (120 plus 14 days) to cut so savers are guaranteed this rate until at least May if they get in quick. Market Harborough pay 4.25% for 145 Days Notice and 4.20% for 130 Days. OakNorth pay 4.19% on their 95 Days Base Rate Tracker (Base + 0.44%) with Investec paying 4.17% for 90 Days and UBL Bank paying 4.16% via Raisin for 95 Days. StreamBank pay 4.15% on 90 Days after they cut in response to the Base Rate reduction.
Hampshire Trust Bank pay a best buy 4.32% for 6 Months with LHV Bank and Cynergy Bank just behind at 4.30%. Gatehouse Bank pay 4.25%.
OakNorth Bank pay a best buy 4.34% for 9 Months Fixed via Meteor Savings with OakNorth paying 4.31% direct and LHV Bank paying 4.30%.
Estonia's LHV Bank pays a best buy 4.46% with Union Bank of India improving to 4.45% and Habib Zurich remaining at 4.44%. There's a drop then to Recognise Bank at 4.35% and QIB Bank at 4.30% (via Raisin). Cynergy Bank pay 4.28% and Chetwood Bank drop to 4.26%. Vanquis pay 4.25% after they also cut.
Cynergy Bank are the best buy paying 4.20% for both 15 and 18 Months Fixed. Gatehouse Bank pay 4.15%. United Trust Bank pay 4.10% for 15 Months Fixed and Union Bank of India pay the same rate.
QIB Bank pay a 4.21% via Raisin ahead of Vanquis who cut to 4.20% today. Chetwood Bank remain at 4.16% with RCI Bank at 4.15% along with Cynergy, Gatehouse and LHV Bank's. Bank of Ceylon pay 4.11% via Raisin and UBL Bank pay 4.11% via Raisin too as well as direct. There's several providers at 4.10% including NS&I.
UBL pay a best buy 4.21% via Raisin and direct. RCI Bank pay 4.20% and Chetwood Bank and NS&I both pay 4.16%. Cynergy Bank offer 4.15% with Ford Money, Gatehouse and Close Brothers all tied at 4.10%
UBL Bank pay a best buy 4.26% via Raisin and direct before a big drop to Vanquis at 4.05%. United Trust Bank pay 4% alongside Gatehouse Bank and Cynergy. JN Bank cut to 3.99%.
Hampshire Trust Bank are the new best buy at 4.31% as they move ahead of Chetwood Bank at 4.30%. UBL Bank pay 4.26% via Raisin and direct before a big drop to 4.15% - the rate offered by Atom, Castle Trust Bank, Tandem and Close Brothers.