Good news as provider ups interest rate to ‘attractive’ 3.45%

Martin Lewis reveals top easy access savings accounts

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There has been more good news for savers as another savings provider increased its interest rate following the latest Bank of England base rate increase. Oxbury Bank now pays 3.45 percent interest on savings – one of the most attractive easy access rates available right now.

Another bank has increased the interest rate for savers following the latest Bank of England rate rise.

The Bank of England base rate now sits at three percent following the latest increase of 0.75 percent in November.

Commenting on the deal, Rachel Springall, Finance Expert at, said: “Oxbury Bank has increased the rate on its 180-day notice account this week, which takes a prominent position in the notice account top rate tables.

“The Personal 180 Day Notice Account pays an attractive rate of 3.45 percent and may entice savers looking for a higher rate than can be achieved on an easy access account.”

She continued: “Savers must note that their initial deposit must be made within the first 90 days of account opening or the account will close automatically.

“Overall, the deal earns an Excellent Moneyfacts product rating.”

Secure Trust Bank has also recently launched a new fixed bonds saving account paying 4.85 percent interest but there’s a catch. 

Best savings accounts 2022:

There are four savings accounts that pay five percent or more but people may have to lock their money away for up to five years.

Anna Bowes, founder of savings rate tracking service Savings Champion said: “Close Brothers Savings has retained its lofty top top-spot since mid October, with its five-year product paying 5.05 percent a year.

“It has since been joined by United Trust Bank, which also pays 5.05 percent.

“In other good news, Tandem Bank and Secure Trust Bank are both paying five percent.” has also researched the top 10 easy access savings accounts with high interest now – ranking top of the list is Al Rayan Bank’s Everyday Saver (Issue 3) with an Annual Equivalent Rate (AER) of 2.81 percent.

Coming in second is Tandem Bank’s Instant Access Saver with an AER of 2.55 percent.

There is no minimum deposit required to open this account and interest can be earned on up to £250,000.

Oxbury Bank 180 Day Saver offers:

  • Rate: 3.45 percent gross
  • Notice / term: 180 days
  • Minimum opening amount: £1,000
  • Maximum investment amount: £500,000
  • Access: Permitted, subject to 180 days’ notice. Withdrawals can only be made via a nominated account.
  • Further additions: Permitted via a nominated account only
  • Opening account: Online
  • Managing account: Online and via its mobile app
  • Other information: Minimum applicant age 18. Oxbury App required to use online banking. Initial deposit must be made within 90 days of account opening, or the account will automatically close.

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