Best UK Savings Accounts & Bank Switching Deals – February 2026

Welcome to Financielle Money Deals – a monthly guide to the best deals in the UK so you can make the most of your money. 

All information correct as at 30 January 2026

On 18 December the Bank of England base rate was cut to 3.75% The next meeting is set for Thursday 5th February 2026.

1. Zopa

Interest Rate 7.10% (for 12 months)
No limit withdrawals
Balance after term £300 pm for 12 months = £3,737.00

2. Barclays Rainy Day Saver

Interest Rate 4.21% (ongoing for up to £5,000)
No limit withdrawals
Balance after term 12 months at £5,000 = £5,210.45

3. Santander: Edge Saver 

Interest Rate 6.00% (ongoing for up to £4,000)
No limit withdrawals
Balance after term 12 months at £4,000 = £4,240.00

💳 Nationwide –  £175 Bonus

• Switch a non-Nationwide bank account to a new or existing FlexDirect, FlexAccount or FlexPlus (including 2 active direct debits)
• The switch must complete within 28 days
• Pay in at least £1,000
• Make one debit card payment within 31 days of the account opening
  Click here for more info

💳 First Direct –  £175 Bonus

• Open a 1st Account & switch with 2 direct debits/standing orders
• Pay in £1,000 (must stay for 24 hours)
• Use the debit card 5 times + log into the app
• Must be new to First Direct & HSBC (since 2018)
• Bonus paid by the 20th of the following month
  Click here for more info

💳 Santander – £200 Bonus

• Open a Santander Edge, Edge up, Edge Explorer or Everyday Current Account
• Request a switch using the Current Account Switching Service
• Complete the switch within 60 days
• Pay in £1,500 within 60 days of opening
• Have 2 active ‘selected household’ direct debits
• 90 days after requesting the switch you will receive £200

Click here for more info

💳 TSB – up to £200 Bonus

• Open a Spend & Save or Spend & Save Plus Account
• Complete a full switch before 20 March 2026
• Log into the TSB App
• Deposit a total of £1,000
• Make 5 or more payments using your debit card
• Receive £150 by 7 April 2026

Click here for more info 

💳 Co-operative Bank – £175 Bonus

• Receive £100 within 7 days for switching and then £25 each month for three months
• Deposit £1,000 within 30 days of the account switch completing
• Have two or more active direct debits
• Make 10 or more card transactions
• Register for online banking and/or mobile app

Click here for more info

💳 CHASE…want to earn up to £250?

• Refer up to 5 people and earn £50 each time!
• Create a code and send to your friends and family
• They open an account and type in the referral code when prompted
• They deposit £1,000 (it doesn’t have to stay in the account)
• You both immediately receive £50!

Click here for more info

💰 Barclays Rainy Day Saver – 4.21% interest (up to £5,000) → Requires Barclays Blue Rewards (£5 monthly fee). Click here for more info.

🛑NB: The interest rate will drop to 3.96% from 11 March 2026

💳 Santander Edge Saver – 6.00% interest (up to £4,000 for 12 months, you must have a Santander Edge Current Account) + 1% cashback on bills, groceries & travel (£3 monthly fee). Click here for more info.

💸 Santander Regular Saver – 5.00% fixed for 12 months. Save up to £200/month, earn £65.01 interest in a year. Click here for more info.

💳 Lloyds

These classic accounts still offer great interest rates:

Club Lloyds Monthly Saver 6.25%

• Save £25 – £400/month
• Withdrawals allowed, £400/month (no withdrawals) gives £150 interest in a year

Monthly Saver 5.25% interest (fixed for 12 months)

• Save £25 – £250/month, £250/month gives £78.75 interest in a year

👉 Go to Lloyds

💳 HSBC

• Fixed Rate Cash ISA: 3.80% (up to 13 months, for current account holders)
• Regular Savings Account: 5.00% (1 year, no instant access)
• Fixed Rate Savings: 3.70% (1 year, no instant access)

Online Bonus Saver

• Up to £50,000: 3.50% interest

👉 Go to HSBC

💳 Halifax

Regular Saver 5.50% interest (12 months)

• Save £25 – £250/month, £250/month earns £82.50 interest

👉 Go to Halifax

💳 Bank of Scotland

• Monthly Saver: 5.50% interest
• 1 Year Fixed Cash ISA: 3.25%
• 2 Year Fixed Cash ISA: 3.25%
• Advantage ISA Saver: 2.75%

👉 Go to Bank of Scotland

💳 RBS / NatWest

• Digital Regular Saver 5.25% interest (up to £5,000)
• Save between £1 – £150 each month

 Click here for RBS

 Click here for NatWest

💳 Raisin

Not a current account, but offers competitive savings rates:

Fixed Rate Bonds (Deposit: £5,000)

• Alrayan Bank 4.32% (1 year)
• Shawbrook 4.29% (1 year)

Easy Access (Deposit: £5,000)

• Whiteaway Laidlaw 4.05% (easy access)
• Furness Building Society 3.95% (easy access)

👉 Go to Raisin

Trading 212

• Earn 3.8% (tax free)

Trading 212

Scottish Friendly 💰

• Award winning ‘Best Junior ISA provider’  2025
• Invest from £30 a month (this has increased from £20 a month in December)
• Pay in £50 lump sum

Go to Scottish Friendly Junior ISA

Starling Kite (for 6 to 15 year olds)

• Instant phone notifications when your child spends
• Smart money tools
• Kids version of the App (with a Debit Card included)

Go to Starling Kite

Go Henry 💰

• Smart features that let kids learn every day
• Gamified money lessons
• Smart parental controls
• Kids can set their own savings goals
• Earn 3.20% interest on savings
• Sign up before 04/02/26 and claim £20 for FREE

Go Henry

Rooster 💰

• Get £5 free with promo code: ROOSTER5
• Flexible parental controls

Rooster Money

NS&I Junior ISA 💷

• Earn 3.55% variable (tax free)
• Invest from £1 to £9,000 per tax year
• This is a cash ISA

NS&I Junior ISA

TSB – Junior ISA

• Earn 3.25% tax free
• Open with just £1
• Save up to £9,000 each year

TSB Bank – Junior ISA