According to Moneyfactscompare, here are the best savings account on the market today for deals at £10,000 gross:

• Easy access account: Ulster Bank – 5.20 per cent
• Notice account: Vanquis Bank – 5.40 per cent
• One-year fixed rate bond: SmartSave – 5.21 per cent
• Two-year fixed rate bond: IFAST Global Bank – 5.10 per cent
• Three-year fixed rate bond: UBL UK – 4.72 per cent
• Four-year fixed rate bond: UBL UK – 4.54 per cent
• Five-year fixed rate bond: UBL UK – 4.77 per cent.

Here are the best ISA accounts on the market today for deals at £10,000 gross, based on Moneyfactscompare’s research:

• Easy access ISA: Moneybox – 5.09 per cent
• Notice ISA: West Brom Building Society – 5.06 per cent
• One-year fixed rate ISA: Virgin Money – 5.25 per cent
• Two-year fixed rate ISA: UBL UK – 4.72 per cent
• Three-year fixed rate ISA: UBL UK – 4.54 per cent
• Four-year fixed rate ISA: UBL UK – 4.30 per cent
• Five-year fixed rate ISA: UBL UK – 4.52 per cent.

Rachel Springall, the finance expert at Moneyfactscompare.co.uk, said there are many favourable savings interest rates for Britons “to consider” despite recent rate reductions.

She explained: “Savers who prefer to lock their cash into a fixed rate bond or ISA for a guaranteed return will find more than half of the savings market can beat inflation, but they may be disappointed to see the top fixed rates have tumbled over the past month.

“Providers have been particularly active in this space due to the ongoing uncertainties surrounding future rate expectations.

“Challenger banks which sit towards the top end of the fixed bond market have had to adjust their market positions and will likely keep a close eye on their margins compared to their peers in the coming weeks.”