Best UK Savings Rates — June 2026 | Easy Access, Cash ISAs, Fixed Bonds & More

In this episode we cover the best UK savings rates for June 2026 — every major category, the accounts worth your attention, and a few that look better than they really are.

We also break down two key dates for savers this month: the CPI inflation release on the 17th of June and the Bank of England base rate decision on the 18th, and what both could mean for rates in the second half of the year.

In this episode:

• Easy access accounts topping 4.5%, including Tembo, Chase, and Hanley Economic BS
• Cash ISAs up to 4.76% — flexible and non-flexible options covered
• Fixed rate bonds up to 4.85%, including a time-limited cashback offer from Raisin (ends 8 June)
• Notice accounts — and an honest take on whether they're worth it
• Regular savers — why the 7.1% headline rate isn't what it seems, and the three accounts actually worth opening
• Current account switch offers worth up to £200

All accounts are listed and updated daily at DepositScout.com. Affiliate links for selected accounts are in the show notes.

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Check out our website DepositScout.com for the latest savings rates. 

Connect with us (via LinkedIn)

Jan: https://www.linkedin.com/in/jan-watermann/

Jonny: http://www.linkedin.com/in/jonny-pease

Got a question or topic you want us to cover? Drop us a message at jonny@technicallymoney.com

Transcript

0:00

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 4.75%. 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-premiere option is NetWest Select. They offer £200, which is still quite a lot to be fair. And in order to get that, you have to deposit £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 it's a really good time to take advantage of these switching bonuses, everyone, and uh whether you go with HSPC, NetWest, or one of the other ones, which are still still nice, you know. But um yeah, yeah, even First Direct, right? Even First Direct from uh increase their switch offer from 175 to 200 pounds. Uh 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 pound 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, yeah. And this is still a really compelling account. If you do want to take out a mortgage with them, you're gonna 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'd 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 LemFi. They are still offering 5%. Uh it's through Clearbank, so you do get FSCS protection because Lemfi 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 Lemfi, because we'd like to hear your feedback as well. And there are a few other accounts that are also very attractive. Um, if you don't have a Chase UK account already, um, Chase still offers 4.5% of easy access savings to new customers cash back and 2% cashback. Um, that was just increased. So that's that's very, very attractive. Definitely worth getting a Chase account for. Besides that, we have the Hanley Economic Building Society, 4.27%. Uh, one thing to keep in mind of that account, you can only do two withdrawals every single year. So I'm not sure how easy access that really is. Um, if you have to withdraw regularly, definitely not the right account for you. Hampshire Trust Bank offers 4.2%, Kahoot 4.17%, and uh Sidekick at 4.17%. One thing to keep in mind with Sidekick, there's a 0.6% bonus component that only applies up to 60,000 pounds. So that could be relatively low depending on how much money you want to save. You might want to take one of the other options. Also worth mentioning is Kahoot and their sunny day saver, um, which is I'm not sure if that's actually an easy access account. That almost sounds like a regular saver to me. 5% of interest they're offering. Um, the only thing to keep in mind with that account, it's restricted to 3,000 pounds of total deposits. As soon as you exceed that, you'll stop earning interest altogether. And that's yeah, um, that's relatively low. But you know, can can still be a good option for some people. I think the Hampshire Trust Bank looks pretty good because it's 4.2%, no restrictions. It's a slightly lower interest rate, but they're offering up to £250,000, which is better than Tembo. That would kind of be a better set and forget account, I think, for people that don't want to have to worry about like a bonus ending. Yeah. Yeah, fair enough, fair enough. Or just sign up with Tembo and set up an alarm. Um, or or watch deposits got alerts, then you'll you'll anyways get notified. For cash ICE, it's a great time to open an account because we have a fresh allowance as of April. As always, trading 212, available to new users at 4.76%. That does have a bonus across 12 months. It is a flexible ISA, though. Just make sure when you open it, you don't open a stocks and shares ISA. Make sure you open a Cash ICER. But that is a really competitive one. It's available on depositscout.com if you do have difficulty finding it. But again, that is new users only. Moneybox are also offering 4.75%, but there is a little bit of a caveat with that one. You can only withdraw three times a year. So it doesn't feel entirely easy access. But if that is important to you, if you do want greater flexibility, Moneybox are also offering a cash ISA of 4%. It pains me to say something's easy access when it's limited to just three withdrawals. Um, but if you can stomach that, 4.75% is really, really compelling. Plum are also offering 4.6%. There is a large bonus component there though, because after one year it drops to 2.54%. The transfer in rate is 4%. So there is a few gotchas there, but the headline rate of 4.6% is really good. My wife has a Plum ISA. It's I think she's getting around that rate. It's a really good app to use as well. Super easy to get money in, get money out. Yeah. Um, but they do have a habit of moving, of changing the rates quite a lot. Yeah. Like if you look at their rate history graph, it's up and down frequently. Um 4.6%, I believe, is the highest it's ever been. I'm just gonna have a quick look at that now while we're on here live. Cash ISA. I think it's high before. I'm just having a look at their rate history graph. Uh, highest rate is 4.61. Yeah. Uh yeah, at some point it was 4.66. Um, but 4.6, 4.66, that seems to be where they like to sit at the ceiling. Um, so you know, if you're looking at plum, if you're interested, now might be a time to get that account because it may drop again relatively soon. Um atom bank, I think this is one of my favorites in the table. 4.25%, no noticeable catches. They don't have transfers in, but it's just solid, no frills, no problems, 4.25%. And then Temba again offering 4.05%. Although that has a bit of a bonus cliff, it drops to 2.8% after 12 months. Um, yeah. Boy, oh, not a not a fan of these variable bonus rates, to be honest, Johnny. And um, yeah, if you want to protect yourself from having variable rates, just fix your your cash Ice. And they're really competitive options available at the moment. We got Close Brothers for two-year cash Ice over 4.71%. The only downside here, there's a minimum deposit required of 10,000 pounds, so it's not available and accessible for everyone, I assume. Um, Oak North only has a one pound minimum deposit and still pretty attractive, so they offer 4.55% on a on a two-year term. That's relatively good. Um, you can also withdraw early, but then you'll be charged an um a penalty of uh which varies between 90 and 270 days of interest, um, but they will not close the account if you do so. Um, and it's definitely they're worth factoring in. Ognov also has a very competitive one-year fixed cash ISA at 4.53%, same conditions here. Nationwide, which is yeah, definitely worth talking about nationwide right now, because they've just announced a fairer share payment for this year, um, and they also have a really good fixed cash ISA between one and five years, um, and the interest rate they're offering is between 4.5 and 4.6%. That can be very attractive. The only reason why I might prefer Oak North to compare to Nationwide is the fact that uh if you decide to withdraw early, nationwide not only charges a three 60 to 300 day interest penalty, but they also close your account if you do so. And uh that's that's kind of harsh, right? Because then you just gotta move all your money away, you know, even if you just want to make a short small small withdrawal. Um, yeah. Definitely worth factoring in if you make your decision here. Um, an HSBC has a one-year cash ISA at 4.25%. That's down from 4.5% last month. Um still good, but requires an existing HSBC current account, which can be relatively difficult to open, I assume, uh, given their legacy bank. My favorite Johnny here uh on these fixed accounts, probably Oaknov, because they combine high interest and uh yeah, relative flexibility because they're not as harsh as nationwide, for example. Um, definitely worth signing up for. Fixed rate accounts. So we're not talking about cash ISIS, we're just talking about fixed rates accounts that are exposed to potential tax liabilities. These ones are super competitive. I touched on this at the top of the show. Providers are just desperate to have the market leading rate at the moment, like Kent Reliance, Close Brothers, Oak North, Chetwood Bank, MBNA, any of these providers you may have heard of, they're all fighting to be the market leading rate. And at the top of the table, the best rate right now is 4.85%. That's MBNA. Okay, that might be the best rate. I don't think it's necessarily the right account to open. I think right now, if you're looking to fix over £25,000, you should be looking at raising because they're offering a cashback bonus of between 100 and 150 pounds on accounts paying 4.7 to 4.8%. And if you include that cashback bonus, that rate increases to 5 to 5.1% combined. Wow. That's that is compelling. That's good, yeah. Like if you look at MBNA, who are offering a one-year fix of 4.85%, that's fantastic. That's really good. Although it is managed only by phone, it's not a modern platform like Raisin, which is just yeah, it's a super impressive platform. There's a couple of other ones in there. Chetwood Bank, if you're looking for a shorter term fix, is six months at 4.3%. Melton, Building Society across one year are offering 4.8%, minimum deposit 5,000 pounds, maximum 500,000 pounds. AFIN Bank across five years are offering 4.85%, really compelling rate. Five-year fix though, I don't think right now I would be fixing for five years. Chetwood Bank are offering 4.81% across five years. Um I I don't know. I don't think there's much more to say, Jan, apart from that raisin offer with the cashback, which again we happen to have an affiliate link for. You're welcome to check it out in the deposit in the description box. I can't see, I'm trying to think of something wrong with that account. I mean, you've got to fix. Yeah, if it's accessible to you, if you can take advantage of that cashback bonus, definitely worth signing up with Raisin at the moment. Um, clear winner here. That's important to mention. At the moment, that's not going to be available after the 8th of June. So if you're not looking to fix now, that will probably won't be available to you. And by the 8th of June, 9th of June, 10th of June, you'll probably be looking at MBNA Group. I imagine they'll still be there and available to you. Um, but just factor that in. Raisin are offering that cash back up until the 8th of June. Johnny, you know what's absolutely disappointing at the moment? Notice accounts. I don't even understand why they still exist. Man, it's it's terrible. Um, so we got Stefford Brewing Society with 180-day notice, offers 4.26%. Castle Trust Bank, 120-day notice, offers 4.2%. And Oxbury Bank, the notice varies between 35 and 90 days, offers between 4.16 and 4.18%. It's it's it's really, yeah. You know, you might as well, yeah, you might as well just open up an easy access account or fixed account, you know, instead, and then you get a higher interest rate, most likely. Um I'll tell you what, you'll you'll you'll notice as well, no pun intended, that notice accounts never change. These providers are always on there. There's very rarely new providers coming on because it's not a competitive landscape. The legacy product's slowly dying off. That's why what I say here. If we look at regular savers, there's a couple of headline rates that you need to be wary of. 7.1% from Zopa is available at the moment. It only runs for six months, though, and you can deposit up to 300 pounds per month. The gotcha there is that it's only six months. So the total interest for 7.1% across those six months that you could earn is just 36 pounds. It's not great. Especially if you compare it to First Direct that are offering 7%, so less, but across 12 months, with the same monthly cap of 300 pounds, you could earn 136 pounds because you're getting the compounding effect across a longer period of time. So when you're looking at these headline rates, be wary. Look at how many months they're gonna run for. In Zopa's case, six months isn't is is is is is futile, if that's the correct term. It's weak compared to what First Director offering. Santander Edge Saver, yeah. And this is a really interesting one, mate. It's six percent, it's more like the Kahoot Sunny Day Saver. It's just got a total balance allotment of 4,000 pounds. So you don't have to monthly drip, you can just drop 4K in. You get six percent, pretty good. It does include a bonus 2.5% variable rate that you have to be aware of that ends after 12 months. But that's interesting. It does require the Edge Current account, which costs three pounds, but that is a good account, isn't it? The Edge account offers cashback on direct debits, which is pretty unique to my understanding. And um, in general, it's a good credit travel card as well. Definitely, definitely worth opening up that Santander Edge account with that saver and taking advantage of these six percent. What I like here is the fact that you can deposit 4,000 pounds at once and then you earn interest on it for the whole year. Um, so as you as you mentioned, just like the sunny day saver, just a thousand pound um more in in maximum balance and one percent more of interest, which is great. With the Lloyd's Club Lloyds account, you get a saver of 6.25%, except it's fixed, has a monthly cap of 400 pounds, so you could earn 162 pounds around that up to uh 4,800 pounds deposited across that term. So if you're hitting that monthly cap every single month, you get 162 pounds in interest. Pretty good. Although, like the current account from Santander, it does have a fee of five pounds, but that is waived if you're paying in £2,000 a month and you get some you get a lifestyle benefit with that. I think Disney with ads, there's a couple of benefits there, isn't there, that you could get with that account. But they all require you to open a current account. So if you're not interested in doing that, Monmouth Shire are offering just a regular saver, 6% across 12 months with a monthly cap of 500 pounds. So if you deposited that much money across the year, you'd total six grand, and the interest you could potentially earn would be 195 pounds. And as always, all of these accounts are available on depositscallout.com. If you're interested in learning more about them, there's loads of details on there. We've got loads of information. Jan and I built that website ourselves. We update it daily, we monitor it very closely. Um if you are using depositscout.com, get in the comments, let us know what you think. It's free to use. Um, we'd love to hear your feedback. And if you are going to open any of the accounts we've discussed today, let us know or just let us know what you think of them. I'd love to hear from anyone that opened a Lemfire account as well, yeah. Just to end on. Very, very interesting. Do do get in the comments. Yeah. Absolutely. Everyone, it's it's been a pleasure, as always. Stay informed, stay healthy, and avoid notice accounts. Um, we see you in the next episode. And um yeah, like and subscribe. Goodbye.