Interest rates have been impacted by the Bank of England’s decision in March 2020 to reduce its base rate to 0.1 percent, which had a knock-on effect for familiar providers. As a result, it has been difficult for savers to secure a satisfactory rate to help grow their funds. However, for those who are still looking to put money away – looking for the best interest rates in the UK will be important.
The Nationwide One Year Triple Access Online Saver currently enables three withdrawals per year, while the Yorkshire offering only one withdrawal per year.
Following closely behind in the interest rates offering is UBL UK, a Financial Services Compensation Scheme accredited bank.
At present, the interest rate on this account is 0.45 percent, and Britons can benefit from unlimited withdrawals.
Rounding up the top 10 instant access accounts in terms of current interest rates are three different banks.
Paragon, Saga and the Punjab National Bank are currently offering savers a 0.40 percent interest rate on savings.
The benefit of all three accounts is that withdrawals are unlimited, meaning…
