- No subscription fees on the Standard plan
May 2025
UK
– May 2025
Best Savings Accounts in the UK
Best Savings Accounts
UK
– May 2025
- Secured banking services
- Immediate account opening
- 100% app-based banking
How we rank
Our research considers customer testimonials, security levels, pricing, and key advantages when ranking banking service providers. While we receive referral fees from our partners, it’s important to note that it’s not possible to purchase a favorable review or position on this site.
Advertiser disclosure
Top10MobileBanks is a free online resource meant to help users find the information they need in order to make a confident decision. We spend countless hours of research to find the most relevant content and present it in the most accessible way. However, please don’t view the information presented here as a recommendation from our end.
Please note:
All the information displayed in this site is completely subjective. Moreover, we have broad editorial discretion as to the content we publish on the site and due to various reasons, the information you see may be incomplete and/or inaccurate. Please don’t hesitate to double-check the information we provide. It’s okay, we won’t be offended – on the contrary, we would love to hear your feedback!
We’re able to offer this completely free-of-charge online resource thanks to the referral fees we receive from our partners (some of the companies listed on this site). While this may affect the location of these companies and the content we feature on the site, it’s not possible to purchase a favorable review or a position on this site.
| Mobile Bank | Pricing | Card | What We Like | Score | Open an Account | ||
|---|---|---|---|---|---|---|---|
|
1
Our Top Choice
|
|
|
|
9.8
|
|||
|
2
|
|
|
|
9.5
|
|||
|
3
|
|
|
|
9.1
|
|||
|
4
Business Only
|
|
|
|
8.8
|
|||
|
5
|
|
|
|
8.5
|
|||
|
6
|
|
Card Not Offered
|
|
8.2
|
|||
Our score
9.8
Revolut Review
Regulation
FCA authorised EMI
Pricing
No subscription fees on the Standard plan
Wallets
Based on 161248 reviews
Why open an account
- Savings are deposited with partner banks and eligible deposits are FSCS protected up to £85,000 per bank
- Deposit as much or as little as you like
Get a £20 welcome bonus when you sign up
New customers 18+ in eligible countries only. Spend £20 to receive £20. End date and T&Cs apply
1
- Earn up to 5% AER (variable), paid daily
Rates depend on your plan type and currency, from up to 4% on the Standard plan to up to 5% on the Ultra plan for GBP balances. Instant Access Savings T&Cs apply. Paid plan subscription fees and T&Cs apply. Interest offered is subject to change and any interest earned is liable to the applicable taxes.
- Instant Access Savings – withdraw anytime, anywhere
Our score
9.5
Chase UK Review
Regulation
FCA
Pricing
Free account available
Wallets
Based on 10684 reviews
Why open an account
- No charges from Chase when spending at home or abroad
- Support 24/7 by phone or in-app message
- Open extra current accounts for free
2
- Chase Saver with boosted Rate 4.50% AER (4.41% gross) variable for 6 months.
18+, UK residents. Eligibility applies.1% cashback on debit card spending on groceries, everyday transport & fuel for your first year. Max £15 per month. Exceptions apply. May be changed or withdrawn.
- Joining from 9/12/24, first 31 days. Linked current account
Our score
9.1
Chip Review
Regulation
FCA
Pricing
Free account available
Wallets
X
Based on 3743 reviews
Why open an account
- Requires integration with your bank
- Withdraw money without restrictions
3
- 3.56% AER / 4.32% gross – Chip Easy Access Saver
- Enables you to set savings goals
Our score
8.8
Tide Review
Regulation
FCA
Pricing
Free account available
Wallets
Based on 22348 reviews
Why open an account
- Accounting integrations: Quickbooks, Xero, Sage and more
- Upload receipts, auto-match them to transactions
- Income and spending auto-categorisation
- Permissions and expense cards for your teams
Quick sign-up. Same-day company registration for free.
4
- Earn 4.07% AER (variable) on your business savings
Quick sign-up. Same-day company registration for free.
Our score
8.5
Monzo Review
Regulation
FCA
Pricing
Free account available
Wallets
Based on 24036 reviews
Why open an account
- Allows earning a little interest on current account
- Access your savings instantly
- Offers overdrafts up to £2,000
UK Residents only. Ts&Cs apply.
5
- Separate account with up to 3.40% AER interest
UK Residents only. Ts&Cs apply.
Our score
8.2
Regulation
FCA
Pricing
Free account available
Wallets
X
X
Based on 10176 reviews
Why open an account
- 24/7 access to your cash from the app
- Can connect your current account
- Withdraw or add money to your account
6
- Separate account with up to 3.20% AER interest
WAIT!
72% of our users choose Revolut
72% of our users choose Revolut
vs
More Details
Chase Saver with Boosted Rate
4.50% AER (4.41% gross) variable for 6 months.
Offer may be withdrawn at any time. 18+, UK residents. Chase current account required. Available to new customers joining from 09/12/24 for your first 31 days. 1.75% AER fixed bonus for 6 months on top of the standard Chase saver variable rate, currently 2.75% AER (2.72% gross). Interest paid monthly. T&Cs apply – See chase.co.uk/saver-boosted.
Total AER: 4.50% AER for 6 months.
Total Gross: 4.41% gross for 6 months.
Savings account features
A savings account is a type of account that allows you to deposit and accumulate funds while earning interest on your balance. Here are some important points to consider.
Dedicated account
Typically, this requires opening a dedicated savings account separate from your primary account. However, in some cases, digital banks like Kroo (and EMI/ financial apps) offer the opportunity to earn interest on your balance directly.
Easy access
Easy access savings accounts are designed to provide you with convenient access to your savings whenever you need them, without any penalty or restrictions. This accessibility makes it a suitable option for individuals who want to maintain liquidity and have the freedom to use their savings whenever required, without sacrificing potential interest earnings.
Interest rates
Interest rates refer to the percentage of money that a bank pays you for keeping your funds in a savings account. Compound interest is particularly advantageous as it allows your savings to earn interest on both the initial deposit and the accumulated interest, resulting in exponential growth over time.
Minimum balance
A minimum balance requirement is the minimum amount of money you must keep in your savings account to avoid fees or penalties. It’s important to inquire about this requirement when opening an account and ensure that you can comfortably maintain the minimum balance.
Overdraft
An overdraft occurs when you spend more money than you have available in your bank account, resulting in a negative balance. In this case, you can withdraw or spend funds beyond the available balance, up to a limit that prevents funds from being used from your savings.
Mobile banks vs Traditional banks
Digital or app-based banking usually operates without physical branches and commonly doesn’t have monthly fees, therefore substantially lowering users’ costs and paying fees. They provide immediate access to all services online, offering dedicated teams to assist users with any questions or issues they may encounter.
Security
The leading mobile banks, including those on this website, adhere to the highest safety standards, ensuring your money and data are protected 24/7. The mobile banks compared and reviewed by top10mobilebanks.com are authorised and regulated by local authorities.
Go paperless
One of the frustrating things about traditional banks is the amount of documents, contracts and letters that are sent to your mailbox. With mobile banks everything you need is in the app and all communications are sent to your app or your email.
Lower fees
As a mobile-only platform, mobile banks can offer lower fees than traditional banks – especially when it comes to interest rates, monthly fees, ATM withdrawals, money exchange/transfer and payments abroad.
Get approved fast
Opening an account with a mobile-only bank is simple, with no lengthy paperwork. Just download the app, prove your identity, top up your account and you’re ready to go.
24/7 availability
No matter where you are, at home or abroad, you can access your bank account via the app, check your account balance, control your savings, get customer support, make payments and even lock your debit card if needed. No need to make appointments, stand in line and lose working hours to manage your finances.
Monthly plans
The leading mobile banks offer a free account, so you only have to pay a small fee for the services you use. Many mobile banks also offer premium plans, offering additional benefits such as free withdrawals, even lower fees, insurance and more.