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Featured - ISA allowance
What is the 2024/25 ISA allowance?A new tax-year means a refreshed ISA allowance to allocate. Find out more about the 2024/25 ISA allowance...
Savings
ISAs
Mortgages
Buy to let
Specialist mortgages
Featured - Debt and your credit score
How debt impacts your credit scoreA healthy credit score has its benefits, so make sure you manage your debt correctly.
Loans
Featured - travel insurance
Travel insurance 2024Discover the best travel insurance policy for your next trip.
Home & vehicle
Health & travel
Featured - High interest current accounts
Find current accounts offering in-credit interest rates up to 5.00% AER.
Current accounts
Featured - Purchase Cards
Best purchase credit cardsExplore the best cards with a 0% introductory period.
Credit cards
Credit repair
Calculators & guides
Featured - The triple lock explained
Could the value of your state pension rise by more than inflation?
Retirement
Business savings
Business products
Business insurance
How much can I give as a cash gift?
How much can I give as a cash gift?Will your loved one's gift be tax affected?
Categories
Featured guides
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Latest news - by category
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The account offers a rate of 4.50% AER but includes some withdrawal restrictions.
Coventry BS launched an easy access account today at a market-leading rate. Named the Four Access Saver (Online) (2), this offer requires a minimum deposit of £1 and offers a rate of 4.50% AER.
However, the account comes with withdrawal restrictions. Savers will only be able to access their funds four times every year from account opening. Any further withdrawals will then face a 50 days’ loss of interest penalty.
“The account is ideal for those looking for a place to save their rainy-day fund or are saving up for something specific, but don’t want to lock their money away,” said Daniel McDonald, Senior Savings Product Manager at Coventry BS.
The Four Access Saver (Online) (1) was originally launched last month but was shortly pulled from sale.
The next best rate on the easy access chart comes from Welsh-founded Principality BS which provides a rate of 4.45% AER.
It too comes with restrictions when it comes to accessing your cash, and only allows two withdrawals per calendar year. Those who reach this limit will then need to wait until this period comes to an end before accessing their funds.
There are a number of different providers which offer the next best rate of 4.35% AER.
Monument Bank is one, but it is potentially an option for those with larger than average deposits. This is because it requires a minimum balance of £25,000 to start earning interest.
Otherwise, Shawbrook Bank offers a rate of 4.35% AER, doesn’t have any restrictions on withdrawals, and requires a minimum deposit of £1,000.
Information is correct as of the date of publication (shown at the top of this article). Any products featured may be withdrawn by their provider or changed at any time. Links to third parties on this page are paid for by the third party. You can find out more about the individual products by visiting their site. Moneyfactscompare.co.uk will receive a small payment if you use their services after you click through to their site. All information is subject to change without notice. Please check all terms before making any decisions. This information is intended solely to provide guidance and is not financial advice. Moneyfacts will not be liable for any loss arising from your use or reliance on this information. If you are in any doubt, Moneyfacts recommends you obtain independent financial advice.
Each week the Moneyfactscompare.co.uk content team round up and discuss the very best savings rates available in the UK. Compare and apply today.
New leading three- and five-year bonds as other top rates remain stable.
The Moneyfacts Pick of the Week showcases the best of the latest products or rate changes to hit the consumer finance market.
This week's selection includes a five-year bond from GB Bank and a two-year fixed rate mortgage from first direct.
The number of savings products and providers is on the rise while many average savings and ISA rates also increased month-on-month.
The number of savings products and providers is on the rise while many average savings and ISA rates also increased month-on-month.
Each week the Moneyfactscompare.co.uk content team round up and discuss the very best savings rates available in the UK. Compare and apply today.
New leading three- and five-year bonds as other top rates remain stable.
The Moneyfacts Pick of the Week showcases the best of the latest products or rate changes to hit the consumer finance market.
This week's selection includes a five-year bond from GB Bank and a two-year fixed rate mortgage from first direct.
The number of savings products and providers is on the rise while many average savings and ISA rates also increased month-on-month.
The number of savings products and providers is on the rise while many average savings and ISA rates also increased month-on-month.
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Moneyfactscompare.co.uk will never contact you by phone to sell you any financial product. Any calls like this are not from Moneyfacts. Emails sent by Moneyfactscompare.co.uk will always be from news@moneyfacts-news.co.uk. Be ScamSmart.
Moneyfactscompare.co.uk will never contact you by phone to sell you any financial product. Any calls like this are not from Moneyfacts. Emails sent by Moneyfactscompare.co.uk will always be from news@moneyfacts-news.co.uk. Be ScamSmart.
Moneyfactscompare.co.uk will never contact you by phone to sell you any financial product. Any calls like this are not from Moneyfacts. Emails sent by Moneyfactscompare.co.uk will always be from news@moneyfacts-news.co.uk. Be ScamSmart.
Moneyfactscompare.co.uk will never contact you by phone to sell you any financial product. Any calls like this are not from Moneyfacts. Emails sent by Moneyfactscompare.co.uk will always be from news@moneyfacts-news.co.uk. Be ScamSmart.
Moneyfactscompare.co.uk will never contact you by phone to sell you any financial product. Any calls like this are not from Moneyfacts. Emails sent by Moneyfactscompare.co.uk will always be from news@moneyfacts-news.co.uk. Be ScamSmart.