Best saving account in UK still paying 4.5% right now

The Money Saving Expert has revealed which bank offers the best savings account, with up to 4.5% interest. Martin Lewis shared the top savings accounts on his website, with Chase Bank topping the list. Lewis said: "The top paying account by far is linked to a current account.

"Chase pays 4.5% for new customers only - it includes a 1-year 2.25% newbie bonus on top of its 2.25% variable rate. You need to open its app-only current account first (no hard credit check) before opening the linked saver." According to the bank, you can open a free current account today. If you joined after September 25, 2025, and have been with the bank for less than 31 days, you can open an easy-access Chase saver with a boosted rate. Those with the account can get a boost of 2.25% AER fixed for 12 months from the date they open the account. This will be added to the standard Chase Saver variable rate. If the standard Chase Saver variable rate stays the same, your interest rate, including the boost, would be 4.5% AER (4.41% gross) for 12 months. After 12 months, your interest rate will change to the standard Chase Saver variable interest rate.

The standard Chase saver variable rate is tied to the Bank of England base rate. This means 5 business days after the Bank of England base rate changes, the AER of the standard Chase saver will also change to 1.5% below theirs.

You can withdraw some or all of your money at any time, with no fees, up to the daily external transfer limit of £25,000. You can't spend with your card linked to this account, so you'll need to transfer money to another Chase or a UK bank account.

Next best pays much lower. If you don't want or aren't eligible for Chase. West Brom Building Society pays 4.15%, though the rate plummets if you withdraw more than four times a year.

In third is Shawbrook Bank. This savings account is for new customers only, with rates dropping after one year. The savings account has a 2% variable and a 12-month 2.13% interest.

Virgin Money pays 4.15%, though you're restricted to two withdrawals per calendar year (minimum £1). For unlimited withdrawals, there's AA at 4.05% (minimum £1), including a 2.35% 12-month fixed bonus.

Trading 212's cash ISA pays 4.4% (made up of 3.6% variable plus a one-year 0.8% variable bonus for new customers). Cash ISAs offer tax-free savings, though you can only put £20,000 in ISAs per tax year, which started on April 6.