Savings beat base rate today

A look at four savings accounts that currently pay above the BoE base rate following a rate cut.

Savers Beat Base Rate with Fixed Cash ISAs and Easy Access Deals

The Bank of England cut the base rate by 0.25 percentage points, down to 4.0%. In response, MoneySavingExpert highlights four accounts that currently pay above the base rate: Shawbrook’s 4.31% 12 month fixed Cash ISA; Paragon Bank’s 15 month fixed Cash ISA at 4.28%; West Brom Building Society’s Four Access Saver at 4.55% variable; Chase Bank’s new customer offer that can reach 4.75% with a bonus for new customers. The deals emphasize different trade offs, from fixed certainty to flexible access, and show how competition remains fierce even after the rate move.

Banks are racing to attract savers with higher headline rates and promotional bonuses, creating a crowded market where terms matter as much as the rate itself. Savers should look beyond the top number to understand how interest is paid, when it compounds, and what happens if you withdraw funds.

Highlights

The rate landscape remains fluid; readers should keep reviewing offers as the market moves.