Banks and building societies have been busy cutting rates since the Bank of England cut base rate to 0.25% earlier this month.
On easy-access taxable deals French-owned RCI Bank Freedom account has cut its rate from 1.45% before tax (1.16% after tax) to 1.2% (0.96%).
It still offers the top rate but with this account you are covered by the European compensation scheme which gives €100,000 (£86,000) worth of cover if the bank goes bust. For more on this read our article How safe is your bank?
Shawbrook pays 1.1% (0.88%) after cutting its rate from 1.25% (1%) last week.
Top rates on the high street
On the high street the top rate is 1.16% (0.93%) from Virgin Money Defined Access as long as you make no more than three withdrawals a year.
Virgin Money’s new Manchester United Red Devils account pays 1.05% (0.84%) with no withdrawal restrictions.
On tax-free cash Isas new savers can earn 1.1% with Coventry Building Society easy-access account while the best one-year fixed rate deal comes from Shawbrook Bank at 1.3%. For two years Paragon Bank pays 1.35%.
This article was originally written for our sister publication, Money Observer.