Sylvia Morris

Savings update: rates rising but investors should be wary

On easy-access accounts Shawbrook Bank Easy Saver and RCI Bank Freedom Account both pay a top 1.3 per cent. AA has raised the rate on its Members Savers to 1.3 per cent for new applicants, but the account is only available to those who are members of the organisation.

Top savings accounts come with a catch

Banks and building societies are making it hard for savers searching for top easy-access deals. They are coming out with so-called easy-access accounts with rates of 1.3 per cent – but savers often have to jump through hoops to earn this headline rate.