13 January 2026, LONDON –

Personal finance site Finder is urging UK savers to reconsider where they are keeping their money, as 4 major high street banks have scheduled to drop their rates within the next 2 weeks.

Finder experts have been closely observing the savings rate changes to provide up to date information regarding who is cutting rates and when.

With the Bank of England lowering the base rate from 4% to 3.75% in December, this change will impact many UK savers, who are being urged to stay aware of their current savings accounts rate changes.

Following this announcement, Santander’s “Good for Life ISA” and “Rate for Life” accounts will be dropping their rates by 0.25% on the 14th January. Furthermore, accounts at NatWest and RBS are scheduled to lower their offerings on the 19th January by as much as 0.25%.

Those who bank with Barclays also have reason to be concerned, as Barclays are scheduled to drop their “Reward Saver”, which was 2.10%, and “Blue Rewards Saver”, which was 2.75%, to 1.85% and 2.51% on the 26th January.

You can see the full breakdown of savings rates dropping below. The next base rate review is scheduled for 5 February 2026.

Kate Steere, personal finance expert at the comparison site Finder, said:

“The gap between the best and worst savings rates on the market is striking. If you were earning the new NatWest or RBS rate of 1.00% AER with the amount we found the average Brit has saved (£16,067), you’d get just £160 in interest over the course of the year. Compare this to a top-of-market rate like Chase’s 4.5%, which would generate around £720 in interest on the same amount over the same period, and the real impact of where you put your money becomes clear.

Analysts aren’t predicting further changes to the base rate in the near future, so now is the time to give your savings a new year reset and find yourself a rewarding rate. 2026/2027 is also the last tax-year before the Cash ISA limit is cut to £12k, so if you can afford to lock your cash away, now is a great time to seek out a good deal on a fixed-rate ISA. Currently, Investec is offering 4.12% AER for a 1-year fix.”