Top rates on simple easy-access deals accounts are vanishing as the accounts become more popular

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Top rates on simple easy-access deals accounts are vanishing as the accounts become more popular

By Sylvia Morris For The Daily Mail

Published: | Updated:

Savers paid £5.4 billion into easy-access accounts in the first two months of 2019

Simple easy-access accounts paying top rates are disappearing.

Ford Money has closed its Flexible Saver to new customers. 

Those already in the online account will continue to earn 1.42 per cent. 

Charter Savings Bank has also withdrawn its easy-access account at 1.31 per cent.

Ford Money says it is reviewing its deposit-taking needs. 

Its Flexible Cash Isa pays a lower 1.27 per cent.

Savers paid £5.4 billion into easy-access accounts in the first two months of 2019 — nearly ten times the £572 million put into bonds and more than double the £2.2 billion that went into cash Isas.

Trade body UK Finance says that savers are keeping cash close to hand amid economic uncertainty.

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