Independent UK editorial on banking, ISAs, savings, credit, loans and investing. FCA-authorised products only, no commission or affiliate links on regulated financial products.
Bank Rate is 3.75%, held by the Bank of England in September 2026, with the next decision due on 5 November 2026. CPI inflation was 3.5% in the 12 months to September 2026. Bank and building society savings are protected up to £120,000 per person per authorised firm, and the ISA allowance is £20,000 for 2026 to 2027.
KEY FACTS
Where savings sit, how interest is taxed and what each account type allows.
Accounts, cards, loans and the records lenders check.
The numbers behind savings rates, borrowing costs and household budgets.
Legal minimum pay and take-home pay after deductions.
DISCLAIMER
This page is editorial information about UK money, savings and banking. It is not financial advice. Rates and limits were correct at the last review date shown and can change at any Bank of England decision; check the primary sources listed below before acting.
Bank Rate is 3.75%. The Monetary Policy Committee held it at the June, July and September 2026 meetings, and the next decision is due on 5 November 2026.
Up to £120,000 per person per authorised bank, building society or credit union, since 1 December 2025. Temporary high balances, such as money from a house sale, are protected up to £1.4 million for up to six months.
£20,000 across all ISAs in the tax year. Draft regulations would cap cash ISA payments at £12,000 a year for savers under 65 from 6 April 2027, with the £20,000 cash limit kept for savers aged 65 or over.
The Personal Savings Allowance covers £1,000 of interest for basic rate taxpayers and £500 for higher rate taxpayers. Additional rate taxpayers get no allowance. Interest in an ISA is tax-free and does not use the allowance.
CPI inflation was 3.5% in the 12 months to September 2026, up from 3.1% in August, according to the Office for National Statistics. The CPIH measure, which includes owner occupiers' housing costs, was 3.6%.
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