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Best savings accounts in August to earn up to 5% on your money
United Kingdom📈 Economy5 hr. ago

Best savings accounts in August to earn up to 5% on your money

In August 2026, interest rates remain relatively high, benefiting savers who can find better returns compared to low-interest current accounts. With inflation near 3%, keeping money in low-yield accounts risks losing purchasing power. Many non-high-street financial institutions offer savings accounts with rates exceeding 4%. The article lists several top-performing cash ISAs and savings accounts, highlighting their interest rates, bonuses, and terms. These include Sidekick Money with a 4.66% rate, Hargreaves Lansdown with 4.52%, Trading 212 with 4.51%, and Cahoot with a 5% rate. However, some accounts come with time-limited bonuses that expire, requiring savers to monitor their accounts closely.

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The Independent logoThe IndependentIndependentCenter5 hr. ago
Best savings accounts in August to earn up to 5% on your money

In August 2026, interest rates remain relatively high, benefiting savers who can find better returns compared to low-interest current accounts. With inflation near 3%, keeping money in low-yield accounts risks losing purchasing power. Many non-high-street financial institutions offer savings accounts with rates exceeding 4%. The article lists several top-performing cash ISAs and savings accounts, highlighting their interest rates, bonuses, and terms. These include Sidekick Money with a 4.66% rate, Hargreaves Lansdown with 4.52%, Trading 212 with 4.51%, and Cahoot with a 5% rate. However, some accounts come with time-limited bonuses that expire, requiring savers to monitor their accounts closely.

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