Savings Accounts

App-only bank Chase has launched a new easy-access savings account that pays a market-leading rate of 1.5% – the highest we've seen in over two and a half years. On top of that, customers can deposit a huge £250,000. Here are all the details.

Certain Post Office savings accounts will no longer accept payments into them from 1 March 2022 unless they're from a linked current account (or if they're via cheque or cash). MoneySavingExpert.com has learnt that 150,000 Post Office savers still need to set-up a linked account before the deadline. 

Masthaven Bank is to stop offering personal savings accounts and home mortgages to both new and existing customers over the next two years, it's been announced today (1 February). The provider plans to completely exit these UK markets by the end of 2023 - though there's no immediate change for savers or borrowers.   

Savings app Chip has simplified its membership plan structure, reducing it from three plans to two, and has also added its autosaving feature to its free 'Chip' plan. These changes – which came into effect on 14 January – apply to both new and existing customers.

Martin Lewis explains, for the first time, that how much you put into Premium Bonds has a huge impact on what you'll get back. The MoneySavingExpert.com founder also analyses whether Premium Bonds are worth it in his latest video briefing from the latest series of The Martin Lewis Money Show. Watch the clip below and read on to find out more. 

The Treasury has launched a new Green Savings Bond that will be welcome news for those wanting to support green projects but the bond only pays interest of 0.65% a year, which is far below the top-paying three-year fixed savings deals. MoneySavingExpert.com founder Martin Lewis has branded the rate "pants". 

The vast majority of MoneySavers are worth more than they owe, a new MoneySavingExpert.com poll has found. But this varies by age, with most younger MoneySavers (25 to 34 year olds) in debt owing between £1,000 & £9,999, while those aged 65 to 79 largely have little to no debts and are instead worth between £500,000 to £999,999.

Atom Bank has mistakenly sent notifications to many of its customers, one of which warned an "external account" had been connected to savers' accounts and prompted widespread alarm. The bank temporarily restricted access to its app to stop more notifications going out, but says it's NOT been hacked and customers' money is safe. It adds that the issue is now fixed – we've full details below.

Barclays is to close its Pingit payments app on 30 June, and related services including Pingit savings 'jars' and Pingit's wearable tech which allows you to make contactless payments will also be scrapped. If you use Pingit and are affected, we've full info below on exactly what's changing and what you need to do. 

Savings provider Marcus is to cut the interest rate on its easy-access account from Monday 12 October – but should you switch?