Top savings accounts this week: Britons told ‘it would be wise to switch’ as rates hit 7.5 per cent

With rates fluctuating, some savers could be missing out on significantly better deals.

Analysts at Moneyfactscompare have compiled a list of the best savings accounts available in the UK for the week beginning March 17, highlighting top rates reaching as high as 7.5 per cent.

Rachel Springall, Finance Expert at Moneyfactscompare.co.uk said: “Cash ISA season has been in full swing with several providers increasing fixed rates over the past week.

“However, outside of ISAs, some providers cut their variable rates as they caught up to the Bank of England base rate cut in February.

“Comparing the latest deals against existing pots remains essential and savers would be wise to keep abreast of any rate moves and switch if they are getting a raw deal.”

As the base rate remains at 4.5 per cent, Britons are urged to get the highest interest possible for their savings

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Best regular savings accounts

Here is a list of the best regular savings accounts currently on offer for the week beginning March 17:

• Principality BS – 7.50 per cent AER / 7.36 per cent Gross
• The Co-operative Bank – 7.00 per cent AER / 7.00 per cent Gross
• Nationwide BS – 6.50 per cent AER / 6.50 per cent Gross
• Melton BS – 6.50 per cent AER / 6.50 per cent Gross
• NatWest – 6.17 per cent AER / 6.00 per cent Gross
• Royal Bank of Scotland – 6.17 per cent AER / 6.00 per cent Gross
• West Brom BS – 6.00 per cent AER / 6.00 per cent Gross
• Market Harborough BS – 6.00 per cent AER / 6.00 per cent Gross
• TSB – 6.00 per cent AER / 6.00 per cent Gross
• Progressive BS – 5.75 per cent AER / 5.75 per cent Gross

Best fixed-rate savings accounts

Here is a list of the best savings accounts on offer with a one-year fixed-rate interest rate attached for the week beginning March 17:

• Vanquis Bank – 4.60 per cent AER / 4.60 per cent Gross
• Secure Trust Bank – 4.59 per cent AER / 4.59 per cent Gross
• Shawbrook Bank – 4.58 per cent AER / 4.58 per cent Gross
• Cynergy Bank – 4.58 per cent AER / 4.58 per cent Gross
• Birmingham Bank – 4.58 per cent AER / 4.58 per cent Gross
• Close Brothers Savings – 4.58 per cent AER / 4.58 per cent Gross
• Chetwood Bank – 4.56 per cent AER / 4.56 per cent Gross
• Chetwood Bank – 4.55 per cent AER / 4.55 per cent Gross
• Oxbury Bank – 4.53 per cent AER / 4.53 per cent Gross
• Conister Bank – 4.52 per cent AER / 4.52 per cent Gross

Best Cash ISAs

Here is a full list of the best cash ISAs with a one-year fixed interest rate attached currently on offer for the week beginning March 17:

• Shawbrook Bank – 4.48 per cent AER / 4.48 per cent Gross
• Castle Trust Bank – 4.49 per cent AER / 4.49 per cent Gross
• OakNorth Bank – 4.47 per cent AER / 4.38 per cent Gross
• Cynergy Bank – 4.46 per cent AER / 4.46 per cent Gross
• UBL UK – 4.45 per cent AER / 4.45 per cent Gross
• Zopa – 4.40 per cent AER / 4.31 per cent Gross
• Paragon Bank – 4.40 per cent AER / 4.39 per cent Gross
• Hodge Bank – 4.40 per cent AER / 4.31 per cent Gross
• Charter Savings Bank – 4.40 per cent AER / 4.40 per cent Gross
• Close Brothers Savings – 4.40 per cent AER / 4.40 per cent Gross

Here is a full list of the best cash ISAs with a variable interest rate attached currently on offer for the week beginning March 17:

• Zopa – 5.01 per cent AER / 4.89 per cent Gross
• Chip – 5.00 per cent AER / 4.89 per cent Gross
• Plum – 4.81 per cent AER / 4.74 per cent Gross
• Tembo Money – 4.80 per cent AER / 4.69 per cent Gross
• Moneybox – 4.78 per cent AER / 4.78 per cent Gross
• Monument Bank – 4.76 per cent AER / 4.66 per cent Gross
• Kent Reliance – 4.56 per cent AER / 4.56 per cent Gross
• Charter Savings Bank – 4.55 per cent AER / 4.46 per cent Gross
• Family Building Society – 4.55 per cent AER / 4.55 per cent Gross
• Marsden BS – 4.55 per cent AER / 4.55 per cent Gross

Best easy-access savings accounts

Here is a full list of the best easy-access savings accounts without a bonus attached for the week beginning March 17:

• Monument Bank – 4.75 per cent AER / 4.65 per cent Gross
• Vida Savings – 4.63 per cent AER / 4.63 per cent Gross
• Atom Bank – 4.60 per cent AER / 4.51 per cent Gross
• GB Bank – 4.60 per cent AER / 4.60 per cent Gross
• Oxbury Bank – 4.58 per cent AER / 4.49 per cent Gross
• Kent Reliance – 4.55 per cent AER / 4.55 per cent Gross
• Charter Savings Bank – 4.53 per cent AER / 4.53 per cent Gross
• Chetwood Bank – 4.52 per cent AER / 4.43 per cent Gross
• Family Building Society – 4.50 per cent AER / 4.50 per cent Gross
• Ulster Bank – 4.50 per cent AER / 4.50 per cent Gross

Here is a full list of the best easy access accounts with a bonus attached for the week beginning March 17:

• Chase – 4.75 per cent AER / 4.65 per cent Gross
• Chip – 4.60 per cent AER / 4.51 per cent Gross
• Sidekick – 4.59 per cent AER / 4.49 per cent Gross
• Principality BS – 4.50 per cent AER / 4.50 per cent Gross
• Tesco Bank – 4.41 per cent AER / 4.41 per cent Gross
• Post Office Money® – 4.40 per cent AER / 4.40 per cent Gross
• Marcus by Goldman Sachs® – 4.30 per cent AER / 4.22 per cent Gross
• SAGA – 4.30 per cent AER / 4.22 per cent Gross
• Cynergy Bank – 4.30 per cent AER / 4.30 per cent Gross
• Nottingham BS – 4.25 per cent AER / 4.25 per cent Gross