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Interest rates are rising but there's a catch with withdrawal restrictions


Savings rates on easy-access accounts have crept up to 0.6 per cent for the first time in nine months
Savings rates on easy-access accounts have crept up to 0.6 per cent for the first time in nine months. Investec raised the rate on its Online Flexi Saver this week to 0.58 per cent on a minimum £5,000 investment, while Paragon Bank’s new Limited Edition Easy Access pays 0.46 per cent on £1 or more. 
There are also providers paying up to 0.6 per cent, but these accounts often come with a catch. Some include a bonus which makes the rate look better. This usually lasts for a year before disappearing to leave you earning as little as 0.1 per cent unless you move your money.  ....

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Building societies launch better-paying branch-based savings accounts


Building societies have launched a spate of better-paying branch-based accounts that give you easy-access to your money.
None can match the rate of inflation, which leapt to 2.5 per cent in June. But they offer a much better chance of shielding your money from rising prices than the miserly 0.01 per cent paid by traditional High Street banks.
On the High Street: Building societies have launched a spate of better-paying branch-based savings accounts that give you easy-access to your money
The catch is they limit the number of times you take money out of your account each year. So you need to make sure that the terms and conditions suit your needs. ....

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