Best UK Savings Rates — June 2026 | Easy Access, Cash ISAs, Fixed Bonds & More
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What are the current UK savings rates and why is the base rate important?
Okay, welcome back to your savings rate update for June. So the base rate is sitting at 3.75%, which for savers is great news. We've got easy access accounts topping 4.5 to 5%. Fixed rates are strong with providers competing to lead the market. And in this episode, we've also got cash ices at 4.7%. We'll also share the latest notice accounts and regular savers as well as switch offers. And before we jump in, all the accounts that we talk about today are on depositscout.com. There you can filter by account type, see the full details of every account we'll discuss and a lot more. So Jan, should we kick things off with switch offers?
The Switch offers are very impressive this month. We'll start with HSBC Premier. That's only accessible if you deposit £100,000 into the account, though, so that's something to keep in mind. It's not available for everyone, and the best non-Premier option is NetWare Select. They offer £200, which is still quite a lot, to be fair. In order to get that, you have to deposit £1,000. £1,250 into the account within 60 days of switching. And then you have to hold it there for 24 hours. But that should be available to everyone. So it's a really good time to take advantage of these switching bonuses, everyone. And whether you go with HSBC, NetWest, or one of the other ones, which are still nice, you know. But yeah, it's up to you.
Yeah, even First
Direct, right? Even First Direct increased their switch off from £175 to £200. They've been running that for how many years now? But that promo apparently is running since July the 14th. So if you've been thinking about signing up for First Direct and you're now compelled by that extra £25 bonus, now could be a good time to do it.
And when it
comes to easy access savings accounts, these are super competitive. Interestingly, Tembo, who are at the top of the table for us, at least at 4.55%, have recently reduced the rate from 4.75%. You'll see that on their rate history graph on depositscout.com. But they're still super competitive.
Which current‑account switch bonuses are worth claiming this month?
And this is still a really compelling account. Excellent. If you do want to take out a mortgage with them, you're going to get a 1% bonus. So the rate actually becomes 5.55%. I think that's paid out after you've taken the mortgage out. So there's a bit of a delay on that. But you have to look at the finer details. But that could be quite good for a first-time homebuyer, for example, because there is a max deposit limit on this account of just £20,000. We actually have an affiliate link for Tembo. So if anyone's interested in signing up who wants to support the channel, please do consider using that. It's in the description box. We did talk last month, I think this is important to mention, Jan, about Lemphi.
They are still offering 5%. It's through ClearBank, so you do get FSCS protection because Lemphi is an international money transfer company. However, we have had some people say that they've had difficulty opening the account. Personally, I tested it, I was able to open it, and I have actually now received interest. So I have been paid out. But we are still waiting to hear back from their support regarding some of the problems that other people have been having. Until they reply, we've removed them from depositscout.com. And I just want to say to anybody who's watching this in the community, please do jump in the comments if you have opened an account with Lemphi, because we'd like to hear your feedback as
well. And there are a few other accounts that are also very attractive. If you don't have a Chase UK account already, Chase still offers 4.5% of easy access savings to new customers. And 2% cashback. And 2% cashback. That was just increased. So that's very, very attractive. Definitely worth getting a Chase account for. Besides that, we have the Henley Economic Building Society, 4.27%. One thing to keep in mind with that account, you can only do... Two withdrawals every single year, so I'm not sure how easy access that really is.
Which easy‑access savings accounts are offering over 4.5% and what are the catch‑ifs?
If you have to withdraw regularly, definitely not the right account for you.
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Chapters
8 chapters
1
What are the current UK savings rates and why is the base rate important?
0:00–1:47
2
Which current‑account switch bonuses are worth claiming this month?
1:47–3:17
3
Which easy‑access savings accounts are offering over 4.5% and what are the catch‑ifs?
3:17–4:53
4
What cash ISA options give the best 4.7%‑5% returns and how do bonuses affect the rate?
4:53–8:20
5
Which fixed‑rate bonds provide the top 4.8%‑4.85% rates and is the Raisin cashback deal still available?
8:20–10:40
6
Do notice accounts still make sense compared to easy‑access or fixed products?
10:40–12:20
7
How do regular‑saver offers like Zopa’s 7.1% really work and which are truly worthwhile?
12:20–14:20
8
What final advice do the hosts give for choosing the best savings product in June 2026?
14:20–15:24
Speakers
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