Ensuring that your cash savings are earning the highest possible rate of interest is one of the simplest steps you can take to optimise your finances.
In March 2025, the best available interest rates are up to around five per cent. If you have £10,000 in savings, storing it in an account with that rate would leave you £500 better off after one year than storing it in an account that doesn’t pay interest (disregarding any fees).
