economy
Top paying savings account handing out bumper 4.55% easy access
A major bank is offering a savings account with 4.55% interest. NatWest’s First Active offers the highest-paying easy-access savings account, which includes a fixed bonus rate of 1.5% for 12 months.
TL;DR
- NatWest's First Active savings account offers a 4.55% interest rate, with a 1.5% bonus for the first 12 months.
- The account allows deposits between £1 and £1 million, with withdrawal limits of £10,000 per transaction and £20,000 per day.
- After 12 months, the interest rate on NatWest's account drops to 3.05%.
- Other accounts offering similar rates include Tembo (4.55%), Tesco (4.53%), and Santander's Cahoot Simple Saver (4.52%).
- Accounts with higher rates like 5% from Paragon Bank and Santander have much lower deposit limits (£5,000 and £3,000 respectively).