Savings 26 April 2026 - 27 April 2026

Rachel Reeves Cash ISA Shake-Up: Skipton’s 4.55% Deal Lands As Savers Face 2027 Tax Hit
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Rachel Reeves Cash ISA Shake-Up: Skipton’s 4.55% Deal Lands As Savers Face 2027 Tax Hit

Skipton Building Society rolled out a new 18-month fixed-rate cash ISA on Monday, offering savers a 4.55% AER—currently one of the top deals as Rachel Reeves’ cash ISA reforms loom less than a year away. The annual equivalent rate remains the industry benchmark for comparing savings returns. Timing is key here. Starting April 6, 2027, adults younger than 65 will see their annual cash ISA allowance cut to £12,000 from £20,000. The overall £20,000 ISA cap won’t move, and those 65 or older will retain the full cash ISA limit. According to the Treasury, this tweak gets implemented through secondary legislation ahead of the rollout.
April 27, 2026
NS&I Relaunches Green Savings Bonds at 3.82% — But Savers Can Still Beat the Rate
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NS&I Relaunches Green Savings Bonds at 3.82% — But Savers Can Still Beat the Rate

National Savings & Investments is back with Green Savings Bonds, this time offering 3.82% gross/AER—up from the earlier 2.95%. UK savers now have the chance at a higher fixed-rate, government-backed product. The reissued bonds run for three years and landed in the spotlight this Sunday, marking another move from the state-backed group behind Premium Bonds. Timing’s crucial here: cash savers are once more considering if they should fix rates ahead of the Bank of England’s April 30 verdict. The Bank Rate sits at 3.75%, and UK inflation is currently 3.3%. The central bank has cautioned that higher energy costs could push price growth up in the near term.
April 26, 2026