This bank is offering up to 4.08% AER on instant-access savings — but most people don’t know it exists
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Loyalty doesn’t pay any more. Some banks now offer instant access savings rates far higher than traditional high-street accounts—making switching one of the easiest financial wins available.
Gone are the days when staying loyal to a company brought big benefits. The best deals right now are for those of us brave enough to switch. And the same goes for banks.
One of the easiest ways to make a bit of extra cash is to switch your current account.
And this goes far beyond the switch bonuses offered by some high-street banks; research has shown that millions of people are losing hundreds if not thousands every year simply because they’ve never thought to check what their money is earning.
Right now, there are banks offering up to 4.08% AER on instant access savings. Instant access means you can still use your money whenever you like.
Compare that to the less-than-inspiring rates many traditional banks are offering, and it dawns on you that the companies offering these higher rates aren’t always the big names.
One bank in particular is now popping up everywhere, and in every ‘fastest-growing’ list going. It’s called Allica Bank, and whether or not you've come across them yet, the numbers behind them are eye-widening.
They were the fastest-growing private company in the UK last year, and the fastest-growing UK fintech ever.
Customers rate them “Excellent” on Trustpilot, and they're lured in by a Business Rewards Account that includes an instant access savings pot paying up to 4.08% AER.
It also offers up to 1.5% cashback on card spend, and a relationship manager at your beck and call.
If you're curious—or slightly concerned you may have been financially ghosted by your current bank for years—there’s a page where you can check the current rate and see whether switching might be worth it.
To find out how much more money you could be making every month if you make the switch, click here.
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