With the Bank of England maintaining rates above 4%, UK savings accounts offer some of the best risk-free returns in the developed world. APYData compares the top instant-access and easy-access savings accounts in the UK, all protected by the FSCS (Financial Services Compensation Scheme) up to £85,000 per depositor.
| # | Entity | Product | APY | Score | Risk | Liquidity | View |
|---|---|---|---|---|---|---|---|
| 1 |
Atom Bank
|
Atom Bank — Instant Saver (UK) | 4.85% | 8.4 | Low | Instant | View → |
| 2 |
Marcus by Goldman Sachs
|
Marcus — Easy Access Savings (UK) | 4.70% | 8.3 | Low | Instant | View → |
| 3 |
Chip
|
Chip — Instant Access Account (UK) | 4.52% | 8.3 | Low | Instant | View → |
| 4 |
Monzo
|
Monzo — Instant Access Savings Pot (UK) | 4.40% | 8.3 | Low | Instant | View → |
The UK has one of the most competitive retail savings markets in Europe. The Bank of England kept rates high for longer than the ECB, which has left sterling accounts with returns that exceed their euro equivalents: between 4.40% and 4.85% for the best products.
The Financial Services Compensation Scheme (FSCS) covers up to £85,000 per account holder and institution. It has a solid track record of activation and all products listed on APYData are covered by it. It is the British equivalent of the European FGD or the American FDIC.
Atom Bank leads with 4.85% — a digital bank specializing in savings, with no physical branches. Marcus by Goldman Sachs UK offers 4.70% with the credibility of Goldman Sachs. Chip (4.52%) and Monzo (4.40%) complete the offering of neobanks with excellent apps and good returns. All with FSCS coverage.
Most British bank accounts require UK residency. For Europeans in the EU, direct options in GBP are more limited — Revolut and Wise allow you to hold balances in pounds from any country, although they work differently from a traditional bank account.
Brexit added structural volatility to the GBP/EUR pair. A 4.85% return in pounds can be excellent or mediocre in euros depending on how the exchange rate evolves. For UK residents with income in pounds, these products are ideal. For savers in euros, currency exposure is an additional risk factor that must be assessed.
Receive an email when a product exceeds your target APY. No ads, no spam — just data.