Looking for the best high interest savings accounts in the UK this March 2026? With inflation nudging up and interest rates fluctuating amid global economic shifts, finding a solid account that pays well without hidden fees is key. This guide compares top accounts you can open right now, detailing rates, rules, and costs so you can make the most from your savings.
Best High Interest Savings Accounts March 2026: Quick Comparison
- EverBank Performance℠ Savings: 3.90% APY, no minimum deposit, no fees, up to 20 transfers daily
- Marcus by Goldman Sachs® High-Yield Online Savings Account: 3.75% APY, no minimum, no fees, unlimited withdrawals
- American Express® High Yield Savings Account: 3.60% APY, no minimum, no fees, unlimited withdrawals
- Axos ONE® Savings and Checking: 3.50% APY, no minimum, no fees, 6 withdrawals/month, includes ATM card
- SoFi® Checking and Savings: 3.45% APY, no minimum, no fees, 6 withdrawals/month, ATM card included
- CIT Bank Platinum Savings: 3.40% APY, £100 minimum deposit, no fees, 6 withdrawals/month
- Varo Online Savings Account: 3.30% APY, £0.01 minimum deposit, no fees, 6 withdrawals/month
1. EverBank Performance℠ Savings
Key features: EverBank offers a leading annual percentage yield (APY) of 3.90%, making it one of the most lucrative savings options available as of March 2026. There’s no minimum deposit required to open the account, and no monthly fees to worry about. Users benefit from up to 20 external transfers per day, which can be split between incoming and outgoing transfers. As an FDIC member, EverBank protects deposits up to £85,000, providing peace of mind for savers.
Pros: The standout benefit is its top-tier interest rate, which outpaces many competitors. The absence of minimum balance requirements and fees makes it accessible for savers at all levels. The generous daily transfer limit of 20 transactions caters well to those who frequently move money electronically, whether for budgeting or managing multiple accounts.
Cons: EverBank doesn't provide an ATM card, which means you can't access funds physically or make in-person withdrawals. All transactions must be done online, which might not suit those preferring physical bank interactions. Also, the account is US-based, so currency conversion or transfer times may affect UK customers.
Best for: Savers who prioritise the highest APY available and regularly transfer funds online will find EverBank ideal. It suits tech-savvy users comfortable with digital banking and looking to maximise interest without tying up large balances.
Pricing: No fees. No minimum deposit. No charges for transfers within the allowed limits.
2. Marcus by Goldman Sachs® High-Yield Online Savings Account
Key features: Marcus offers a competitive 3.75% APY with no minimum opening deposit and no monthly fees. One of its strongest points is unlimited withdrawals and transfers, which is unusual for high interest accounts that often limit such activity. Marcus is backed by Goldman Sachs, a globally recognised financial institution, adding trust and stability to the offering.
Pros: Alongside a strong rate close to EverBank’s, unlimited withdrawals give savers flexibility without penalty. The absence of fees or minimum balance means it’s easy to open and maintain. Marcus also benefits from an intuitive online platform and user-friendly mobile app, enhancing accessibility and account management.
Cons: While the APY is high, it’s slightly lower than EverBank’s top rate. There’s no ATM card attached, limiting physical access to funds. Marcus accounts are also US-based, which may lead to delays or fees for UK users transferring money internationally.
Best for: Savers wanting a reputable global bank’s backing and flexible withdrawal options without fees. Ideal for those who prefer an easy-to-use platform and plan to manage savings digitally without physical access needs.
Pricing: No monthly fees. No minimum deposit. No fees on transfers or withdrawals.
3. American Express® High Yield Savings Account
Key features: Offering a 3.60% APY, the American Express High Yield Savings Account requires no minimum deposit and charges no fees. Withdrawals are unlimited, providing good liquidity for savers. American Express is a well-known financial brand, adding a layer of reliability.
Pros: Solid interest rate that beats many UK-based savings accounts. No fees and no minimums make it accessible. Unlimited withdrawals and transfers mean savers can access funds without penalty. The account can be managed entirely online with a straightforward interface.
Cons: The 3.60% APY, while good, is slightly lower than some top competitors like EverBank and Marcus. Like others on this list, it lacks an ATM card or physical branch access. Being a US-based account, UK residents might face currency exchange considerations or international transfer delays.
Best for: Those looking for a reputable brand with a good rate and flexible access to funds online. Suitable for savers who want simplicity and no fees but don't require physical access to their money.
Pricing: No fees. No minimum deposit.
4. Axos ONE® Savings and Checking
Key features: Axos ONE combines savings and checking features, offering 3.50% APY on savings with no minimum deposit or fees. It includes an ATM card, allowing physical access to funds, and permits up to 6 withdrawals per month from the savings account.
Pros: Competitive interest rate with the added benefit of an ATM card. No minimum balance or fees makes it easy to start saving. The hybrid account suits those who want both savings growth and access to cash. The six withdrawal limit is reasonable for most casual savers.
Cons: The limit of 6 withdrawals per month is lower than unlimited options offered by some competitors. This APY is good but not the highest on this list. Being US-based, account holders should consider currency exchange and transfer timing.
Best for: Savers wanting a mix of savings and checking with physical access via ATM. Good for those who want to keep some funds liquid without losing out on interest.
Pricing: No fees. No minimum deposit.
5. SoFi® Checking and Savings
Key features: SoFi offers a combined checking and savings account with a 3.45% APY on savings. There’s no minimum deposit or monthly fees. Account holders get an ATM card and are allowed six withdrawals per month.
Pros: The combined account setup simplifies finances for users wanting both checking and savings. A respectable APY close to Axos ONE and physical access via ATM card add convenience. SoFi is known for a modern, easy-to-use app and additional member benefits like financial planning tools.
Cons: The 6-withdrawal limit might restrict those needing more frequent access. The APY is competitive but not market-leading. US-based account considerations apply for UK residents, including possible currency conversion fees and transfer times.
Best for: Savers who want both checking and savings in one account with decent interest and ATM access. Ideal for tech-savvy users who value digital tools and occasional cash access.
Pricing: No fees. No minimum deposit.
6. CIT Bank Platinum Savings
Key features: CIT Bank offers 3.40% APY with a £100 minimum deposit required. There are no monthly fees, but withdrawals are limited to six per month. The account is online-only with no ATM card.
Pros: Solid interest rate that beats many traditional UK banks. The £100 minimum deposit is modest, making it accessible. No fees helps preserve savings growth. Good for savers who don’t need frequent withdrawals.
Cons: Withdrawal limits can be restrictive. No ATM card means no physical access to funds. The account is US-based, so currency exchange and transfer considerations apply for UK customers.
Best for: Savers comfortable with online-only accounts, wanting a decent APY and able to keep funds in place without frequent access.
Pricing: No fees. £100 minimum deposit.
7. Varo Online Savings Account
Key features: Varo offers 3.30% APY with a minimal £0.01 minimum deposit. There are no fees, and the account allows six withdrawals per month. An ATM card is included for physical access.
Pros: Very low entry barrier with just a penny needed to open. No fees support savings growth. ATM card access adds convenience. The account is simple to manage via a mobile app.
Cons: APY is on the lower end compared to top competitors. Limited to six withdrawals per month, which may not suit all. Being US-based, UK savers should be aware of transfer times and exchange rates.
Best for: New savers or those with small balances wanting easy access and no fees. Good for mobile-first users who want ATM access.
Pricing: No fees. Minimum deposit £0.01.
How We Chose
We ranked these savings accounts based primarily on their annual percentage yields (APYs) as of March 2026, since this determines how much your savings could grow over time. Next, we looked at fees and minimum deposit requirements — no one wants to pay to save or be locked out by high minimums. Flexibility was also key: accounts with unlimited or higher withdrawal limits scored better since frequent access matters for many savers. We considered the presence of ATM cards for physical access, which some users prefer. Lastly, brand reputation and security protections like FDIC membership were factored in to ensure safety and trustworthiness. We focused on offers accessible to UK residents, noting that many top rates come from US-based banks, so cross-border considerations apply.
Final Verdict
Interest rates on savings accounts may shift, but for March 2026, EverBank Performance℠ Savings leads the pack with a 3.90% APY and no fees, making it a top pick for frequent electronic transfers and those prioritising maximum growth. Marcus by Goldman Sachs follows closely with a 3.75% APY and the advantage of unlimited withdrawals, suited for savers needing flexibility. American Express also offers a strong rate with no fees and unlimited access. For those wanting physical ATM access, Axos ONE and SoFi provide solid rates with convenient cards, though with limited withdrawals. CIT Bank and Varo offer accessible options for smaller savers or those content with fewer withdrawals. UK savers should weigh the slightly higher rates of US-based accounts against possible currency and transfer issues. Choosing the right account depends on your saving habits, need for access, and comfort with online-only banking.
EverBank Performance℠ Savings offers the highest APY at 3.90% with no fees, standing out as the best option for savers in the UK willing to manage online transfers. Marcus by Goldman Sachs’s 3.75% APY and unlimited withdrawals make it a flexible alternative. Meanwhile, accounts offering ATM access like Axos ONE and SoFi bring convenience with slightly lower rates. The March 2026 savings landscape rewards those who balance rate, access, and fees carefully. Savers should also consider currency exchange impacts when using US-based accounts. At the end of the day, the best high interest savings account depends on your individual needs — whether that’s top rate, flexible withdrawals, or physical access.
This article was created with AI assistance.
