Overview
- An Opinium survey of about 3,000 UK adults found 24% leave money in current accounts at the end of the month rather than moving it to savings.
- Within that group, 17% hold more than £5,000 idle, with men more likely to keep larger sums uninvested.
- Chase’s Shaun Port said moving balances into higher-paying accounts is a simple step to make savings work harder.
- Nationwide introduced a one-year single access ISA and a one-year single access saver at a variable 4.00% AER, allowing only one withdrawal before the rate drops to 1.05% for the rest of the term.
- Nationwide also raised fixed-rate ISA deals, including a five-year option at 4.25%, while experts highlight regular savers and switching offers such as Principality’s 7.5% six‑month rate and First Direct’s £175 switching bonus paired with a 7% regular saver.