Savings rates on easy-access accounts have crept up to 0.6 per cent for the first time in nine months
Savings rates on easy-access accounts have crept up to 0.6 per cent for the first time in nine months. Investec raised the rate on its Online Flexi Saver this week to 0.58 per cent on a minimum £5,000 investment, while Paragon Bank’s new Limited Edition Easy Access pays 0.46 per cent on £1 or more.
There are also providers paying up to 0.6 per cent, but these accounts often come with a catch. Some include a bonus which makes the rate look better. This usually lasts for a year before disappearing to leave you earning as little as 0.1 per cent unless you move your money.
Interest rates are rising but there s a catch with withdrawal restrictions
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The best savings rates this week 23 07 21
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The Best Savings Rates This Week 16 07 21
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