Easy access savings rates start to fall amid interest rate freeze - act now to bag the top rates

Providers have started to pull their top easy access rates following the Bank of England’s decision to keep rates frozen at 5.25%. Act now to get the top rates.

Wooden blocks with percentage sign and down arrow, financial recession crisis, interest rate decline, risk management concept
(Image credit: SewcreamStudio)

Easy access accounts have seen some of the fastest rate increases following a string of interest hikes, but are the rates on the best savings accounts starting to dwindle as the Bank of England pauses on Base rate hikes?

In the past week, some banks have started to drop their top rates and there is a chance that this trend could continue.

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BankOld rate AERNew rate AERMinimum deposit
Cynergy Bank5.8%5.65%£1,000
Ziraat Bank5.75%5.5%£1,000
My Community Bank5.97%5.01%£1,000
Habib Bank6.02%5.8%£5,000
Vanquis Bank5.95%5.85%£1,000

Vaishali has a background in personal finance and a passion for helping people manage their finances. As a former staff writer for MoneyWeek, Vaishali covered the latest news, trends and insights on property, savings and ISAs.

She also has bylines for the U.S. personal finance site Kiplinger.com and Ideal Home, GoodTo, inews, The Week and the Leicester Mercury.