Best savings accounts 2023: Chip increases interest on easy access saver | Personal Finance | Finance

But while Chip is offering much more lucrative returns, it still doesn’t exceed the current market-leading easy access rate.

According to Moneyfacts Best Buys, topping the leaderboard is Yorkshire Building Society’s Rainy Day Account (Issue 2) with an AER of 3.35 percent.

This account offers a competitive, two-tiered variable interest rate and savers can get started with as little as £1. The 3.35 percent rate is applied to balances up to £5,000, while a 2.85 percent rate is applied to balances over £5,000.01.