Bank base rate held at 3.75% Comment from Alex Beavis, Interim Director of Banking at LHV Bank: "Give your savings pots a well-earned boost"

18 June 2026

Comment from Alex Beavis, Interim Director of Banking at LHV Bank:

“Bank Base Rate may not be moving, but that doesn’t mean savers can’t give their pots a well-earned boost. Now is the perfect time to take action and ensure your savings are working as hard as possible. That may mean shopping around to find a new home for your hard-earned savings pot, but it will be time well spent - there is a new generation of banks who aren’t interested in gimmicks, and instead deliver the sort of value and common sense savers are looking for.

"The gap is stark. With a competitive rate of 4.15%, a saver with £20,000 would earn around £830 in a year versus a typical easy access account paying as little as 1%, which would earn roughly £200 on the same amount – a difference of more than £600 a year. On £10,000, the gap is still around £315 a year; money that savers are leaving on the table.

“Savers are increasingly looking beyond familiar high street names and focusing on one simple question: who offers the best value for money? Loyalty rarely attracts a bonus in the savings market, which is why regularly reviewing rates has become an essential financial habit.

“With the backdrop of continued inflation worries, it’s crucial for households to fight back by being proactive and boosting their savings balance, even if just by a few pounds each month. The magic of compound interest means that saving on a regular basis, even if only modest amounts, can help you build a substantial savings pot.”