The newest information that can assist you get essentially the most out of your financial savings account.

Right here’s my month-to-month replace sharing adjustments at main UK financial savings accounts, in addition to a number of the articles you might need missed on the positioning.

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July’s financial savings information

Premium Bond prize price lower

Sorry to start the round-up with some unhealthy information, nevertheless it’s necessary for all you Premium Bond holders on the market.

We had a spate of prize price cuts since March final 12 months, taking us from a excessive of 4.65% all the best way all the way down to 3.6%, which will apply as of the August draw.

The chances of successful will keep at 22,000 to 1, and the variety of prizes obtainable will truly enhance by nearly 37,000.

But it surely’s the full prize fund that’s reducing, this time by an enormous £19 million. In complete, the prize fund might be value round £396.7m, down from £411 million. That is on account of the change in what number of of every prize are actually obtainable.

In actuality, what we’re seeing is that the variety of decrease worth prizes enhance on the expense of cuts at different ranges. So whereas your probabilities of successful a prize will keep the identical, as a result of the percentages are staying the identical, you’re extra prone to win one of many decrease worth prizes.

It’s not nice information for Premium Bond savers hopeful of successful the jackpot and there are many financial savings accounts that beat the brand new 3.6% prize price – and provide assured curiosity.

However, if you’re pondering of transferring your cash (see the pros and cons of Premium Bonds in case you’re unsure), it’s finest to attend after the August draw, simply in case you win one thing for stashing your cash within the bonds for July.

Halifax scraps savers prize draw

In different prize draw information, Halifax is eliminating its Savers Prize Draw altogether. The draw has been operating since 2011, and each month there are over a thousand money prizes to be gained. These embody three prizes of £100,000, 100 prizes of £1,000 and 1,500 prizes of £100. Typically there was a ‘superdraw’ with higher-value prizes, together with certainly one of £500,000.

To be eligible for the prize draw, savers must have a minimal of £5,000 in a qualifying account for a month (a Halifax and/or Financial institution of Scotland private financial savings account), and be registered to participate. You’ll additionally have to be aged 18 or above and stay in England, Wales or Scotland.

However you’ve not acquired lengthy to win. Halifax has notified clients that the final prize draw might be in September, and qualifying clients might be entered into the remaining prize attracts mechanically.

If you’re a qualifying Halifax buyer, be sure your contact particulars are updated. And in case you’re seeking to transfer your financial savings, do try the highest charges on our savings best buy tables.

Zopa launches new 7.1% common saver

Zopa’s providing a brand new 7.1% regular saver that sits alongside its new Biscuit current account – which has been in beta testing for some time.

It’s a prime price paid on as much as £300 a month (the one one which beats it’s Principality’s six month common saver which gives 7.5% though it’s just for six months) and is prone to be a pretty possibility for individuals who like to save lots of small quantities every month.

You’ll must open the Biscuit present account to get it – which isn’t uncommon with common savers. For those who save the complete quantity every month, you could possibly earn £137 in a 12 months – so long as Zopa doesn’t cut back the speed, which it might nicely do.

An uncommon characteristic of this common saver is you can truly make withdrawals and change the cash in the identical month. Normally, you may’t take any cash out with different suppliers, so this Zopa one is a little more versatile.

Nevertheless, it’s value noting that you simply gained’t have the ability to add greater than £300 to the account every month – even in case you make withdrawals. So in case you take out say £600 out of your steadiness one month, you’ll solely have the ability to change it with £300.

Chase gives 5% for brand spanking new clients

For those who’re on the lookout for a brand new financial savings account, and also you’ve by no means been a Chase buyer earlier than, you would possibly need to try its 5% boosted financial savings account. On prime of its normal financial savings price it features a 2.25% mounted bonus for 12 months, in order that gained’t change.

Nevertheless, the usual 2.75% price is variable and linked to the Financial institution of England base price. So if the bottom price falls, Chase cuts its price so it’s 1.5 proportion factors beneath it.

You’ll must open a Chase present account first after which open a a Chase saver with boosted price inside 31 days of changing into a brand new buyer.

No bonus on Buying and selling 212 ISA transfers

Buying and selling 212 has been providing loads of respectable ISA charges not too long ago, which normally embody a set bonus.

For instance, in the meanwhile its quick access Money ISA pays 4.92% together with a bonus price of 0.82%.

Nevertheless, be warned the bonus doesn’t apply to ISA transfers – so in case you transfer your ISA cash from one other supplier to Buying and selling 212 utilizing the switch course of, you’ll solely get the usual price.

Financial institution of England base price held at 4.25%

After two cuts this 12 months, the Financial institution of England base price was held at 4.25% on the newest assembly.

In brief, it means no instant reductions to financial savings or mortgage charges however monetary markets are nonetheless anticipating additional cuts by the tip of the 12 months. Nevertheless, the Financial institution of England has mentioned any adjustments might be ‘gradual and cautious’, so so much much less aggressive than earlier predictions urged.

It appears that evidently in the meanwhile economists are divided on what might occur subsequent. There’s nonetheless an entire load of political and financial uncertainty world wide and escalations within the Center East might add to that.

Some specialists are predicting simply the one lower by the tip of the 12 months, taking the bottom price to 4%, whereas others say there’ll truly be two extra taking rates of interest to three.75% by the tip of the 12 months. And there are some who’re nonetheless sticking with three cuts, one in August, November and December, decreasing the bottom price to three.5%.

So something might occur!

July’s financial savings gives

We’ll share some other offers in our savings deals web page if any extra come alongside.

Prime financial savings accounts for July 2025

Keep in mind, these are the accounts on the prime of the tables. We’ve extra choices in our best savings accounts page, which is up to date each day by the group.

Present account linked saver picks as of 30/6/25

  • Santander Edge Saver (6% AER variable, contains 2% bonus for 12 months): max £4,000
  • Chase (5% AER variable, contains 2.25% bonus mounted for 12 months): max £3m
  • Natonwide (5% AER variable for 12 months): max £1,500

Easy accessibility ISA picks as of 30/6/25

  • Buying and selling 212 (4.92% AER variable, contains 0.82% bonus for a 12 months)
  • Plum (4.92% AER variable, contains 1.63% bonus if account is saved for 12 months)
    • drops to three.29% if steadiness falls beneath £100 or after your fourth withdrawal
  • Tembo Money (4.64% AER variable) – highest easy-access if ineligible for brand spanking new buyer bonuses elsewhere

Straightforward & restricted entry picks as of 30/6/25

  • Cahoot Wet Day Saver (5% AER variable): max £3,000
  • Atom (4.75% AER variable)
    • drops to 2.5% in months you make a withdrawal
  • Snoop (4.6% AER variable)

Discover accounts picks as of 30/6/25

  • 3 months discover Oak North through Prosper (4.74% AER variable): 95-days discover

Fastened financial savings accounts picks as of 30/6/25

  • 6 months Oxbury Financial institution (4.48% AER mounted)
  • 12 months Cynergy Financial institution (4.55% AER mounted)
  • Marcus by Goldman Sachs (4.55% AER mounted)
  • 18 months Nationwide (5% AER mounted)
    • Should have been current Nationwide member on 28 Could 2025 to open
  • 18 months Oxbury Financial institution (4.45% AER mounted)
  • 2 12 months Cynergy Financial institution (4.45% AER mounted)
  • 3 12 months Cynergy Financial institution (4.45% AER mounted)
  • 4 12 months JN Financial institution (4.4% AER mounted)
  • 5 12 months Birmingham Financial institution (4.47% AER mounted)

Fastened ISA accounts picks as of 30/6/25

  • 12 months Cynergy Financial institution (4.35% AER mounted)
  • 2 years Cynergy Financial institution (4.25% AER mounted)
  • 3 years Cynergy Financial institution (4.25% AER mounted)
  • 4 years UBL (4% AER mounted)
  • 5 years Shut Brothers (4.24% AER mounted)

Lifetime ISA decide as of 30/6/25

  • Plum Money Lifetime ISA (4.75% AER variable)

Common Saver accounts picks as of 30/6/25

We’ve acquired a devoted Regular Saver best buy article, so you may see additional particulars and extra charges there.

  • Principality Constructing Society 6-month common saver (7.5% AER mounted): min £0 / max £200 a month
  • Zopa Common Saver (7.1% AER variable): min £1 / max £300 a month
    • requires a Biscuit (by Zopa) present account
  • First Direct Common Saver (7% AER mounted): min £25 / max £300 a month
    • requires a First Direct present account
  • Co-operative Financial institution Common Saver (7% variable): min £1 / max £250 a month
    • Requires a Co-op Financial institution present account
  • Nationwide Flex Common Saver (6.5% AER variable): min £1 / max £200 monthly
    • max 3 withdrawals per 12 months, after which your price drops to 2.15%.
    • Requires Nationwide present account

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