In its penultimate meeting of 2025, the Monetary Policy Committee have decided to hold the base rate at 4%, with 5/9 members voting in favour of a hold.
As it’s possible that a base rate cut may be announced before the end of 2025, with the Autumn Budget on the horizon – along with a potential cut to Cash ISA allowances – savers should be proactive while interest rates are high.
There are three types of savings accounts:
Each has their own benefits as well as points to consider.
Fixed-term accounts give you the certainty that your cash will be earning a certain amount of interest for a set amount of time. While the interest rate will not change during the specified length of time, you will not be able to access your funds until the deposit matures.
If you’d like to be able to access your funds at any time, Easy Access accounts provide flexibility at a slightly lower rate than many Fixed-term accounts. However, their interest rates are variable, meaning they can change depending on base rate announcements or the bank provider.
As of 06/11/2025, our top Easy Access account is 3.87% AER across all account types.
However, if the interest rate changes and is no longer to your liking, you can easily switch to a different Easy Access account or look to move your funds to a Fixed-term or Notice Account.
Notice Accounts require you to notify the bank in advance of making a withdrawal or closure, after which you have to wait a specified number of days until the funds are released to you.
For example, if you deposited funds in Akoni’s 4.04% AER 90-day Notice Account and gave notice on 12 November 2025, your funds would be released on 10 February 2026. During this time, they would still be earning interest.
Notice Accounts have variable rates, meaning the interest rate can change depending on base rate announcements or the bank provider.
Right now, Business clients can earn 4.30% AER with Akoni’s exclusive 185-day Notice Account.
The right savings account will depend on your circumstances. However, cash left in a low interest earning account is eroded by inflation.
The closer your savings are to the inflation rate (3.8% as of 06/11/2025), the greater your spending power.
Sign up today for free here.
Akoni welcomes applications from Individuals, Joint Accounts, Businesses, Charities, Trusts, Power of Attorney, and Court of Protection, all with no minimum deposit requirements.
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