Rates on online savings accounts are edging up after the arrival of the Marcus savings account from investment bank Goldman Sachs last month.
The account offers an interest rate of 1.5%. The firm says it has attracted more than 50,000 customers in its first week, thanks to such a competitive rate. Careful though as the rate includes a 12-month bonus of 0.15%. After a year it drops to 1.35%.
- Goldman Sachs launches market-busting 'Marcus' 1.5% easy access savings account to take on British banks
On tax-free Cash Isas, the best easy-access deal comes from Paragon’s Limited Edition Cash Isa at 1.37%. Leeds Building Society’s Limited Issue Online Access Isa pays 1.36%, but runs only until December next year.
Virgin Money Double Take E Isa pays 1.35%, although you are restricted to making two withdrawals a year.