High 3% interest in instant access savings accounts
High 3% Interest Instant Access Savings Accounts
Some banks have started to offer higher interest rate on instant access accounts.
HSBC offers a high interest savings account for saving amounts up to 10,000 £.
The interest rate is an attractive 3%, provided no withdrawals have been made during that month.
Other banks that offer high interest on instant savings accounts include.
Ford Money: 2.5%
Marcus by Goldman Sachs: 2.25%
Al Rayan Bank: 2.8%
Zopa: 2.4%
Zopa is a British financial services company which began as the world’s first peer-to-peer lending company in 2005 and later gained a banking licence.
It is important to check if savings are protected by the Financial Services Compensation Scheme, the UK’s deposit guarantee scheme. At present the guaranteed amount is £85,000.
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