Of course, using a savings account means that you have to physically move your money, and you won’t earn interest on the gap between earning your salary and spending it when it sits in your bank account.
Big bank with 3.6million customers axes popular feature TODAY and customers could miss out on cash STARLING customers should act now to avoid missing out on free cash as the bank axes a key feature from its accounts.
Additional rate taxpayers have no savings allowance at all, so might want to consider maxing their ISA allowance each year before looking at traditional savings accounts.
However, Starling has launched an easy access saver account, so its customers can still benefit from earning interest.
Instead, you’ll need to move the money into a savings account if you want it to earn interest.
