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Bank of England Cut Triggers Savings Rate Shake-Up as Weekly Rankings Highlight New Leaders

Providers have trimmed or withdrawn top offers after the base rate move, prompting calls to lock in higher returns.

Overview

  • Moneyfactscompare’s list for the week beginning December 15 shows shifting market leaders following Thursday’s rate cut.
  • Spokesperson Caitlyn Eastell warned many competitive deals have already been reduced or pulled, urging savers to lock away cash.
  • Kent Reliance now leads short-term fixed bonds after lifting rates, while Charter Savings Bank strengthened its cash ISA range.
  • Top picks include Principality Building Society’s 7.5% AER regular saver, and cahoot’s easy-access account at 5% AER without a bonus.
  • One-year cash ISA leaders cluster around 4.30% AER with Tembo Money, Investec Save and Charter Savings Bank, as major high-street banks are largely absent from the top tables.