Following the announcement on 7 August that the base rate was being cut from 4.25% to 4%, experts at Finder have been tracking the savings accounts at major UK banks. Even though the base rate was held on 18 September, banks have continued to reduce rates on some products.
Below is a table with the savings accounts that are still due to have their rates lowered as a result of the base rate cut.
| Bank | Account | Effective date | Old rate (AER) | New rate (AER) |
|---|---|---|---|---|
| Barclays | Everyday Saver | 30/10/2025 | 1.11% | 1.06% |
| Rainy Day Saver (£1-£4,999) | 30/10/2025 | 4.36% | 4.21% | |
| Rainy Day Saver (£5,000+) | 30/10/2025 | 1.00% | 0.95% | |
| Instant Cash ISA | 30/10/2025 | 1.11% | 1.06% | |
| Barclays Children’s Savings (£1-£9,999) | 30/10/2025 | 2.58% | 2.43% | |
| Virgin Money | M Saver (£1-£25,000) | 03/11/2025 | 2.25% | 2.00% |
| M Saver (£25,001+) | 03/11/2025 | 1.75% | 1.50% | |
| M Plus Saver (£1-£25,000) | 03/11/2025 | 2.25% | 2.00% | |
| M Plus Saver (£25,001+) | 03/11/2025 | 1.75% | 1.50% | |
| Club M Saver (£1-£25,000) | 03/11/2025 | 2.25% | 2.00% | |
| Club M Saver (£25,001+) | 03/11/2025 | 1.75% | 1.50% | |
| M Power Saver (£5,001-£25,000) | 03/11/2025 | 2.25% | 2.00% | |
| M Power Saver (£25,001+) | 03/11/2025 | 1.75% | 1.50% |
"No one likes life admin, but it really does pay to stay on top of your savings. Easy access savings rates are always changing, and the provider offering the best deal won’t necessarily stay as the most competitive – especially when the base rate moves. So, it’s a game of constantly seeing who has the most tempting offer to get the biggest boost on your savings.
Many providers now offer boosted rates for between 3-12 months – and these often beat the base rate even with cuts – so sign up to one of those and set a reminder in your calendar to switch as soon as it runs out."
The next Bank of England base rate meeting is on 6 November 2025. The Bank of England’s Monetary Policy Committee (MPC) meets 8 times a year.
| MPC meeting schedule 2025 |
|---|
| Thursday 6 February |
| Thursday 20 March |
| Thursday 8 May |
| Thursday 19 June |
| Thursday 7 August |
| Thursday 18 September |
| Thursday 6 November |
| Thursday 18 December |
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