Savings round up - 16th March
16/03/2026
The Iran war continues to influence fixed term pricing particularly with further jumps in pricing in all terms this week. With Thursday's Bank of England announcement on Base Rate almost certain to be a hold, and expectations of a Base Rate increase now before the year end, fixed rates are moving back upwards. The obvious question savers are asking is whether they should move now or are there further increases to come. The answer to that is nobody knows! Pricing is being driven by the war and we've moved from a position of the market expecting two Base Rate cuts in 2026 to one that is eering towards an increase now - in just a matter of weeks. Where it will go next is anyone's guess. If the war continues - and we don't see a quick end to it - then there maybe more to come. If there's an end soon, then the market could unravel as quickly as it's reversed tack. Here's our round up of the leading providers and rates in each category:
Chase continue to provide the best buy at 4.50% - but a huge 2% of this is via a 12 month bonus rate. Cynergy Bank move up to second as they improve their bonus saver to 4.22% - like Chase, a huge 2% of this is a 12 month bonus. DF Capital come back in to the market paying 4.20% on their Easy Access account. Vida Savings are next paying 4.16% on their Double Access Account, where the rate drops to 2.50% after more than two withdrawals per year. Virgin Money pay 4.16% too and their account is also limited to just two withdrawals per year. Coventry Building Society are next as they launch a 4 Access Saver which pays 4.15% but there is a 50 day interest penalty if savers withdraw more than three times in a year. Shawbrook Bank pay 4.13%, which includes a 2.13% bonus. Cambridge Building Society's Double Access Saver, which is limited to two withdrawals after which a 120 day interest penalty applies, pays 4.10%. Cahoot and Kent Reliance both pay 4.05% to complete the top 10.
Stafford Building Society's 180 Day Notice is still the best buy paying 4.26% - however only two withdrawals are permitted per Society year. Investec pay 4.15% for 95 Day Notice via Raisin. Vida Bank also pay 4.15% via Raisin for the same notice period. OakNorth pay 4.15% on their 95 Day Base Rate tracker which tracks Base Rate plus 0.40%. Aldermore Bank pay 4.13% on 95 Day Notice via Raisin. BLME pay 4.11% on 90 Day Notice and Close Brothers pay 4.10% on the same term.
Al Rayan Bank pay a best buy 4.22% via Meteor Savings for 6 Months Fixed. Zopa improve their rate to 4.16% to move up to second. Al Rayan pay 4.15% via Raisin with UBL Bank and Habib Zurich paying 4.15% too
Kuwait Finance House pay a best buy 4.12% for 9 Months Fixed via Raisin. Al Rayan Bank are next paying 4.10% via Meteor Savings for 9 Months Fixed. Al Rayan pay the same rate via Raisin and LHV Bank pay 4.10% direct too for 9 Months Fixed.
DF Capital pay a best buy 4.35% but have now been joined by Union Bank of India, who improved their rate too. Habib Zurich are just behind at 4.34% with Tandem tied at 4.31%. MBNA remain at 4.30% but Kent Reliance improve their rate to 4.25%, as do Cynergy Bank. OakNorth Bank are up to 4.23% while Chetwood Bank still pay 4.22% to complete the top 10.
Cynergy Bank remain top with both their 15 Month and 18 Month Fixed paying 4.20%. Union Bank of India pay 4.10% for 18 Months Fixed. Aldermore Bank improve their rate to 4.02% and Paragon Bank up their rate, via HL's Active Savings. to 4.01%. Al Rayan Bank pay 4% via Meteor Savings alongside four others.
Castle Trust Bank moved top of 2 Year today as they improve their rate to 4.32% to go above Chetwood Bank, who had led with their improved rate of 4.32%. Atom Bank are up to 4.28% as are Close Brothers - to 4.27% - as the top five all leapfrog last week's leader, Tandem Bank paying 4.26%. Al Rayan Bank, continue to pay 4.20% via Meteor Savings but have been matched by both Furness Building Society and Cynergy, as both up their rates. Zopa Bank move in to the top 10 as they improve to 4.16% and LHV Bank complete the top 10 paying 4.15%.
Chetwood Bank lead the way with a best buy 4.30%. Atom Bank also increase their rate, to 4.28%, as do Close Brothers, to 4.27%. Tandem remain at 4.26% ahead of Al Rayan Bank, who pay 4.22% via Meteor Savings. Castle Trust Bank pay 4.21% and Cynergy Bank up their rate to 4.20%. Kent Reliance and OakNorth are tied at 4.18%.
Cynergy Bank remain best buy at 4.25% but Aldermore Bank are just behind at 4.20%. UBL Bank are next paying 4.06% via Raisin and direct. Vanquis Bank are just behind at 4.05%. JN Bank are next at 3.99%.
Chetwood Bank top the pile paying 4.40%, ahead of Atom Bank at 4.38%. Tandem Bank stay at 4.37% as do Close Brothers at 4.35%. JN Bank remain at 4.31% but Furness Building Society improve to move alongside Cynergy Bank at 4.30%. Aldermore Bank are next at 4.20%, alongside Castle Trust Bank, with Birmingham Bank completing the top 10 at 4.17%