Santander to cut top 5.2% easy-access saver rate in weeks – where can you find a better rate?

Santander is to drop its 5.2% best buy rate on its easy-access saver this month. How does the new rate compare to the rest of the savings market and where are the best alternatives?

A branch of Santander on the high street
(Image credit: Getty Images)

Santander customers are set to see a cut to the bank’s top easy-access saver in a matter of weeks, from 5.2% to 4.2% AER. 

Does the cut still mean your cash is earning the best possible rate on savings? What are the best savings accounts returning right now, and should you stick or move your savings? 

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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.