Overview

• Principality Building Society’s six-month regular saver offers a market-leading 7.5% AER on monthly deposits up to £200.
• Marcus by Goldman Sachs has launched a one-year fixed-rate account at 4.55% AER with emergency access, a deal highlighted by Martin Lewis.
• Paragon Bank’s Spring app finds 31 million UK customers hold £186 billion in savings earning just 1.5%, costing them more than £350 in lost interest each year.
• Experts including Rachel Springall and Derek Sprawling advise savers to review and switch from high-street ‘zombie’ accounts to competitive deals offered by digital challengers and mutuals.
• With the Bank of England’s base rate at 4.25% and further cuts forecast, locking in leading regular and fixed-rate deals is vital to protect real returns.