Featured - Account Types
What type of savings account do you need?Find out about the different types of savings accounts available to suit a variety of needs.
Savings
ISAs
Residential
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 - Life Insurance
Life InsuranceFor peace of mind that your loved ones will be supported financially after you die, consider taking our life insurance. Find out more and compare policies.
Home & vehicle
Health & travel
Featured - Switching deals
In need of a cash boost?Providers often entice new customers with cash incentives for moving current accounts. Compare deals and find out how to make the switch:
Current accounts
Featured - Purchase Cards
Best purchase credit cardsExplore the best cards with a 0% introductory period.
Credit cards
Credit repair
Calculators & guides
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
Popular news
Latest news - by category
Other money & finance news
Featured Star Ratings categories
Other Star Ratings categories
Featured - Account Types
What type of savings account do you need?Find out about the different types of savings accounts available to suit a variety of needs.
Savings
ISAs
Residential
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 - Life Insurance
Life InsuranceFor peace of mind that your loved ones will be supported financially after you die, consider taking our life insurance. Find out more and compare policies.
Home & vehicle
Health & travel
Featured - Switching deals
In need of a cash boost?Providers often entice new customers with cash incentives for moving current accounts. Compare deals and find out how to make the switch:
Current accounts
Featured - Purchase Cards
Best purchase credit cardsExplore the best cards with a 0% introductory period.
Credit cards
Credit repair
Calculators & guides
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
Popular news
Latest news - by category
Other money & finance news
Featured Star Ratings categories
Other Star Ratings categories
The top three easy access rates have all increased over the past 14 days.
Chip, Aldermore and Shawbrook Bank have all increased the rates on their easy access accounts over the past 14 days to enhance the competition at the top of the market.
Shawbrook Bank did lead the way after increasing its rate last Tuesday, but this proved short-lived after Chip’s increase late on Friday.
Meanwhile, Aldermore’s rate rise a week prior to 3.55% AER was joint-market-leading at the time, but it now only warrants third place on our charts.
Rate hikes have occurred across the easy access market, with some of the pursuing competition following suit with their own raft of changes.
Yesterday, Nationwide BS upped the rate on its triple access range to 3.20% AER, while Marcus by Goldman Sachs® bettered the return on its easy access offering last Tuesday.
These recent rises are perhaps reflected in an increase in the average easy access rate, which now stands at 2.07% AER. In comparison, it stood at 1.96% AER at the start of April.
Chip’s Instant Access account now offers a rate of 3.71% AER which is paid monthly on balances of a single pound or more.
As a fintech company, this offer is only operated through Chip’s free to use app. However, there is the option of accessing this rate through a ChipX membership at £4.99 every 28 days.
While you’ll be able to make unlimited use of its autosaves and recurring saves feature under this subscription, its main benefit is perhaps in its stocks and shares ISA.
ChipX members also gain access to 0% platform fees and a range of different investment funds.
Last updated: 13/08/2024
Provider: Chip
Account: The Instant Access powered by ClearBank
Notice: None
Rate: 3.71% AER
Interest paid: Monthly
All of our newsletters are available free by email to all Moneyfactscompare.co.uk users.
Send me Weekend Moneyfactscompare, Savers Friend, Companies Friend and selected third-party offers.
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.
Many savers could earn more interest by overhauling their savings habits, by opening a regular savings account, for example.
Many savers could earn more interest by overhauling their savings habits, by opening a regular savings account, for example.
Each week the Moneyfactscompare.co.uk content team round up and discuss the very best ISA rates available in the UK. Compare and apply today.
With Income Tax bands set to remain frozen until 2028, more people may need to explore tax-free saving options.
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.
Top one-year returns fall below 5.00% AER following Autumn Budget announcement.
Many savers could earn more interest by overhauling their savings habits, by opening a regular savings account, for example.
Many savers could earn more interest by overhauling their savings habits, by opening a regular savings account, for example.
Each week the Moneyfactscompare.co.uk content team round up and discuss the very best ISA rates available in the UK. Compare and apply today.
With Income Tax bands set to remain frozen until 2028, more people may need to explore tax-free saving options.
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.
Top one-year returns fall below 5.00% AER following Autumn Budget announcement.
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.
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.