Time to get a savings habit? Top easy-access deal currently pays 1.2%

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Time to get a savings habit? Best deals for drip-feeding spare cash are fixed-rate plans linked to current accounts

By Money Mail Reporter For The Daily Mail

Published: | Updated:

The top easy-access accounts currently pay 1.2 per cent

Savers with money to spare each month should consider opening a regular savings account.

Analysts at Moneyfacts say the best deals for drip-feeding spare cash are fixed-rate plans linked to current accounts. The top easy-access accounts currently pay 1.2 per cent. 

But First Direct, HSBC and M&S Bank all pay 2.75 per cent on savings of between £25 and £250 a month to current account holders.

Lloyds pays 2.5 per cent to Club Lloyds members and 2 per cent to others — as do Bank of Scotland and Halifax.

To earn these rates you must not touch the money for at least a year, and commit to saving monthly.

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