Savings accounts offer higher rates than expected Bank of England cut

express.co.uk February 5, 2025, 04:01 PM UTC

The Bank of England is expected to cut interest rates from 4.75% on February 6, 2025. This change may affect savings account rates, but some accounts currently offer better returns than the anticipated new base rate. Trading212 and Chip are offering the best easy access savings accounts, with rates of up to 5.16% and 5.15%, respectively. Both accounts are tax-protected ISAs, making them attractive options for savers. For fixed-rate options, Zenith Bank offers 4.7% for six months, while OakNorth Bank provides 4.91% with a 95-day notice for withdrawals. Other notable accounts include Close Brothers at 4.7% for two years and Leeds and Skipton Building Societies at 4.4%.


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