Following the announcement on 18 December that the base rate was being cut from 4% to 3.75%, experts at Finder have been tracking the savings accounts at major UK banks.
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 | Rainy Day Saver (up to £5,000) | 11/03/2026 | 4.21% | 3.96% |
| Barclays | Everyday Saver | 11/03/2026 | 1.06% | 1.00% |
| Barclays | Instant Cash ISA | 11/03/2026 | 1.06% | 1.00% |
| HSBC | Online Bonus Saver | 12/03/2026 | 3.50% | 3.35% |
| HSBC | Flexible Saver | 12/03/2026 | 1.15% | 1.05% |
| HSBC | Premier Savings (£1 - £49,999) | 12/03/2026 | 1.20% | 1.10% |
| HSBC | MySavings (up to £3,000) | 12/03/2026 | 4.00% | 3.75% |
| first direct | Savings Account | 12/03/2026 | 1.15% | 1.05% |
| first direct | Bonus Savings Account | 12/03/2026 | 3.50% | 3.35% |
| Virgin Money (up to £25,000) | M Saver | 30/03/2026 | 2.00% | 1.75% |
| Virgin Money (up to £25,000) | M Plus Saver | 30/03/2026 | 2.00% | 1.75% |
| Virgin Money (up to £25,000) | Club M Saver | 30/03/2026 | 2.00% | 1.75% |
| Virgin Money (over £25,000) | M Saver | 30/03/2026 | 1.50% | 1.25% |
| Virgin Money (over £25,000) | M Plus Saver | 30/03/2026 | 1.50% | 1.25% |
| Virgin Money (over £25,000) | Club M Saver | 30/03/2026 | 1.50% | 1.25% |
"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 19 March 2026. The Bank of England’s Monetary Policy Committee (MPC) meets 8 times a year.
| MPC meeting schedule 2026 |
|---|
| Thursday 5 February |
| Thursday 19 March |
| Thursday 30 April |
| Thursday 18 June |
| Thursday 30 July |
| Thursday 17 September |
| Thursday 5 November |
| Thursday 17 December |
Analysts at Finder have been tracking the savings rate announcements at major UK banks and building socities and listing any upcoming changes on this page.
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