Today, 18 September 2025, the Bank of England’s Monetary Policy Committee voted to hold the base rate at 4%, with 7 out of 9 members voting in favour of the decision.
The hold reflects a cautious approach by rate-setters to tackling inflation, which is currently at 3.8%. Deutsche Bank has predicted the next base rate cut will come in December 2025, though savers shouldn’t wait until then to sort out their savings.1
With inflation creeping up, its important your savings are earning as much interest as possible for you. If they aren’t, their value is eroded by inflation, which reduces your spending power.
But what interest rates would your savings need to be earning in order to be above average?
Average interest rates per savings account (Individuals)
More than 75% of UK savers dissatisfied with their provider switch because of poor interest rates.2
Take a look at the table below to see if you’re settling for low interest rates.3
How does Akoni compare?
Here are our top interest rates per account type*
Sign up today to give your cash the interest it deserves: Akoni| Register
Have any questions? Call 020 31379388 to speak to one of our team, or email contact@akonihub.com
*Accurate as of 17/09/2025 for Individual Accounts
Sources:
1) Deutsche Bank pushes back next base rate cut forecast to December – Mortgage Strategy
2) ClearBank | UK consumer attitudes to saving and investing YouGov
3) Just a quarter of savings accounts beat BoE base rate, finds study | Trustnet
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