Barclays, HSBC, Lloyds, Santander and NatWest are continuing to offer easy-access savings rates far below the market average, new figures from rates monitor Moneyfacts Compare reveal. There is still an astonishing gap between the market-leading accounts, often offered by smaller banks and building societies, and the big banks' easy-access rates. The Bank pays interest on those reserves at Bank Rate, currently 5.25 per cent. Vim Maru, CEO of Barclays UK said: 'Our pass-through rate is regularly assessed as part of pricing governance and has increased as the bank rate has risen. > See the best-buy easy-access savings rates using This is Money's tablesSavers can find a 5.1 per cent easy-access account with Chase Bank, while Oxbury Bank is offering 5.02 per cent on easy-access savings.

Source: Daily Mail June 06, 2024 06:42 UTC