Best UK Money Deals & Savings Accounts – July 2025 Guide

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 June 2025

In June, the Bank of England base rate was held at 4.25% The next meeting is set for Thursday 07 August 2025.

Current bank switches

Nationwide – £200 bank switch for existing customers

• Switch a current account into an existing Nationwide account
• Must transfer 2 direct debits within 28 days
• Within 31 days: pay in £1,000 and use your debit card at least once
• Can’t have had a switching bonus since 2021

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 debit card 5 times + log into app
• Must be new to First Direct & HSBC (since 2018)

Bonus paid by the 20th of the following month

Click here for more info

Co-operative Bank – £100 Bonus (plus up to £75 extra)

• Switch existing account into a new standard current account
• Deposit £1,000 or more by the 30th day after the switch completes
• Must have 2+ active direct debits and make 10+ card transactions, plus other terms

Click here for more info

TSB –  £100 Bonus (plus up to £90 cashback and extras)

• Open a Spend and Save account and complete a full switch
• Log into TSB App + make at least 5 payments using new debit card by 19 July 2025
• You will then receive £100 between 2nd and 16th August

Click here for more info 

Santander –  £180 Bonus

• Open a Santander Edge, Edge Up, Everyday or Private (v2) current account and complete a full switch within 60 days
• Pay in £1,500
• Have 2 active direct debits
• Get paid £180 within 90 days or your request to switch
• You are not eligible if you have received a switching bonus from Santander before

Click here for more info

NatWest – £175 Bonus

• Open an eligible account and switch within 60 days
• Pay in £1,250 (must stay for 24 hours) and log into mobile banking
• Get £125, then open a Digital Regular Saver within 60 days of the switch
• Receive another £50 within 30 days of getting the first bonus
• Not eligible if you’ve had a NatWest switch bonus before

Click here for more info

Where to keep your emergency fund

💰 Barclays Rainy Day Saver – 4.61% interest (up to £5,000)
– Requires Barclays Blue Rewards (£5/month fee)
Click here for more info

💳 Santander Edge Saver – 6% interest (up to £4,000 for 12 months)
– Must have Santander Edge account (£3/month fee)
– 1% cashback on bills, groceries & travel
🛑 Note: 1% cashback ends on 9 September 2025
Click here for more info

💸 Santander Regular Saver – 5% fixed for 12 months
– Save up to £200/month, earn £65.01 in a year
Click here for more info

PLUS – the Trading 212 Cash ISA is a firm favourite amongst the Financielle team and community

Best interest rates

Lloyds

These classic accounts still offer great interest rates:

Club Lloyds Monthly Saver 6.25% (up to £400/month, would give £150 interest/yr)

Monthly Saver 5.25% interest (fixed for 12 months, up to £250/month, would give £78.75 interest/yr)

Fee Alert: Club Lloyds account fee rises from £3 to £5 (June 2025), waived if you deposit £2,000/month

HSBC 

• Fixed Rate Cash ISA: 4.10% (up to 13 months, for current account holders)
• Regular Savings Account: 5.00% (1 year, no instant access)
• Fixed Rate Savings: 4.00% (1 year, no instant access)
• Online Bonus Saver: up to £50,000: 4.00% interest; over £50,000: 1.50%

Go to HSBC

Halifax

Reward Current Account

Choose between £5 cash/month, a cinema ticket, digital movies or magazines. fee: £3/month (waived if you deposit £1,500/month). You then get access to the 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: 3.60%
• 2 Year Fixed Cash ISA: 3.50%
• Advantage ISA Saver: 3.25%

Go to Bank of Scotland

Best accounts for children

Scottish Friendly

Award-winning ‘Best Junior ISA provider’, invest from £20 a month, can 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

Go to Starling Kite

Go Henry

Smart features that let kids learn every day, gamified money lessons, parental controls, learn to earn (set up tasks app, children can earn extra pocket money)

GoHenry

Rooster (by NatWest)

Get £5 free with promo code: ROOSTERS, flexible parental controls

Rooster Money

TSB – Junior ISA

Earn up to 3.55% tax free, open with just £1

TSB Bank – Junior ISA