Best savings accounts for January 2026 paying up to 7.5% interest

Savers across the UK are being urged to check their accounts as billions of pounds sit in places earning little or no interest. Many people keep their spare money in standard current accounts or low-interest savings accounts without realising they could earn far more elsewhere. At the same time, top-paying savings accounts are currently offering between 4% and 7.5%, depending on the type of account chosen.

There are several types of savings accounts available, each designed for different financial needs. Some accounts suit people who want easy access to their money, while others reward those willing to lock their cash away for a fixed period. Understanding the differences can help savers choose the right option and avoid missing out on interest.

Easy access accounts allow savers to dip in and out of their money whenever they need to.

Regular savings accounts, on the other hand, usually require monthly deposits and can offer higher rates.

Fixed-rate bonds lock money away for a set term and typically pay more than flexible accounts because the bank knows the funds will not be moved.

Despite this, huge sums remain untouched in accounts earning nothing.

Research from Spring, the savings app owned by Paragon Bank, found that Britons are holding a staggering £315billion in current and low-interest savings accounts.

Derek Sprawling, the managing director of savings at Spring, said: “On average, over £315billion was held in current accounts earning nothing in the UK last year, £227 billion in accounts holding £10,000 or more. You would expect that these would mainly consist of small balances, but our analysis shows that there are a significant number of accounts that contain sizeable funds, accounting for more than 70% of the overall balance.

"A simple switch to a competitive easy‑access savings account lets your money work harder while still staying within easy reach.”

He added: “Many people don’t move those funds because they don’t want to lose access to it but choosing a savings account that connects to a current account so you can transfer money in seconds and offers unlimited withdrawals, could provide a compelling alternative.”

Below is the full list of the best savings rates for January 2026 across easy access, regular savings, fixed-rate accounts and Cash ISAs.

Top 10 easy access savings accounts

1. Chase - 4.50% AER
2. Dudley Building Society - 4.25% AER
3. Manchester Building Society - 4.25% AER
4. Mansfield Building Society - 4.25% AER
5. Sidekick - 4.23% AER
6. Kent Alliance - 4.12% AER
7. Spring - 4.11% AER
8. Vida Savings - 4.11% AER
9. Vanquis Bank - 4.08% AER
10. Aldermore Raisin - 4.07% AER

Top 10 regular savings accounts

1. Principality Building Society - 7.50% AER
2. Zopa - 7.10% AER
3. First Direct - 7.00% AER
4. The Co-operative Bank - 7.00% AER
5. Hanley Economic Building Society - 6.50% AER
6. Manchester Building Society - 6.50% AER
7. Nationwide Building Society - 6.50% AER
8. Newcastle Building Society - 6.50% AER
9. Lloyds Bank - 6.25% AER
10. Harpenden Building Society - 6.00% AER

Best fixed-rate savings accounts

Here are the top three savings accounts with a one, two and three-year fixed rate:

One-year fixes:

1. OakNorth Bank - 4.26% AER
2. Ziraat Bank - 4.22% AER
3. Aldermore Hargreaves Lansdown - 4.21% AER

Two-year fixes:

1. Chetwood Bank - 4.16% AER
2. Investec Save - 4.16% AER
3. Castle Community Bank - 4.15% AER

Three-year fixes:

1. UBL UK - 4.21% AER
2. RCI Bank UK - 4.20% AER
3. Chetwood Bank - 4.16% AER

Best Cash ISAs

Top 10 easy access cash ISAs

1. Trading 212 - 4.31% AER
2. Moneybox - 4.30% AER
3. Plum - 4.27% AER
4. Atom Bank - 4.25% AER
5. Aldermore - 4.15% AER
6. Vida Savings - 4.11% AER
7. Chorley Building Society - 4.10% AER
8. Charter Savings Bank - 4.09% AER
9. Vanquis Bank - 4.08% AER
10. Bank of Ireland - 4.06% AER

Top 10 one-year fixed rate cash ISAs

1. Vanquis - 4.15% AER
2. Investec Save - 4.12% AER
3. Charter Savings Bank - 4.11% AER
4. Hodge Bank - 4.11% AER
5. Kent Reliance - 4.11% AER
6. Hampshire Trust Bank - 4.10% AER
7. Punjab National Bank - 4.10% AER
8. Tandem Bank - 4.10% AER
9. Aldermore - 4.06% AER
10. Close Brothers Savings - 4.05% AER