Prompt: BANK SWITCHING PERKS https://www.thesun.co.
However, from February 19, the interest rate will track 1.5% below the base rate instead - a 0.25 percentage point drop.It means someone with £1,000 in the account would get £2.71 in interest each month, rather than £2.92, if the Annual Equivalent Rate , were to stay at 3.25%.
Chase is offering a 1.5% boost on the easy-access Savers account to new customers, but for six months only, and if you sign up within 31 days of opening the account. For example, with cash ISAs, you can only deposit up to £20,000 in a tax year, but you can add more to a standard savings account.A standard savings account will see you taxed on interest earned above your Personal Savings Allowance .Some let you withdraw cash an unlimited amount while others give you a set amount of withdrawals before you are charged.
If you're thinking about opening a savings account, it's worth comparing the best ones on a comparison website.There are four types of savings accounts fixed, notice, easy-access, and regular savers.
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