Today saw Cynergy Bank re-enter the easy access best buy table, joining three other providers at the top of the table, all paying 1.50% AER.
In its previous incarnation of Bank of Cyprus UK, the provider was regularly featured in the top five accounts and has now taken its place at the top table, alongside West Brom Building Society, Virgin Money and Marcus from Goldman Sachs.
The new version of the account pays 1.50% gross/AER, with the rate including a 0.50% introductory bonus for the first 12 months.
>> Apply for the new account from Cynergy Bank*
However, in exchange for the higher returns, each of the four top accounts have features to be aware of – both West Brom and Virgin restrict you to just two withdrawals per year and, as mentioned above, the account from Cynergy Bank includes an introductory bonus for the first year, as does the account from Marcus.
If these features are not for you and you are looking for something a bit more straightforward, there are two competitive options to consider.
Ford Money’s Flexible Saver* pays 1.42% gross/AER and doesn’t feature an introductory bonus or restriction on the number of withdrawals you can make.
Also available at the same rate is the Freedom Savings Account* from RCI Bank – a provider that has been consistently competitive over the last 12 months.
>> More information on the top five easy access accounts
Also worth a mention is another top-paying account launched by Cynergy Bank today – the new version of its one year fixed rate cash ISA, which is paying 1.68% tax free/AER.
>> Apply for the top-paying one year fixed rate ISA*
Top of our table and available to open online with £500, this account could be worth taking a look at if you are looking to utilise your tax free ISA allowance.
>> More top fixed rate cash ISAs
If you need any further help with finding the accounts that are most suitable for your needs, please call us on 0800 011 9705 to speak to one of our expert savings specialists.
*We are occasionally paid by some providers if you click through from our Best Buy Tables and open a savings or current account with them. We will never accept a payment that compromises in any way our independent, whole of market approach to providing information on savings products. For clarity we will indicate those companies who remunerate us with an asterisk (*).
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