Starling Bank Introduces Easy Saver with 4% AER

Starling Bank has launched its highly anticipated Easy Saver account, offering a competitive 4% AER (3.92% gross variable) interest rate. Easy Saver is for simplicity and flexibility, allowing UK customers aged 18 and above to save and access their funds seamlessly without penalties or notice periods. Starling offers the account exclusively to its current holders, who can open it directly through the Starling app.

With Easy Saver, customers can make unlimited deposits and withdrawals, earning daily interest compounded and paid monthly. The account supports balances up to £1,000,000, ensuring that savers can grow their funds efficiently while retaining full access to their money. You don’t need a minimum deposit to open the account, ensuring accessibility for many users.

The Easy Saver integrates seamlessly into Starling’s Spaces feature, which customers widely use to organize finances. This feature allows users to manage their savings, personal accounts, and other financial tools within a single app, offering a holistic view of their finances. Starling customers already utilize Spaces, from setting aside holiday funds to saving for significant expenses.

Starling Bank Introduces Easy Saver with 4% AER

Maria Vidler, Chief Customer Officer at Starling Group, highlighted the new account’s benefits: “Easy Saver helps our customers with a highly competitive interest rate, penalty-free access, and full integration into their Starling app so they can see everything in one place.” She emphasized that the Easy Saver aligns with Starling’s commitment to innovation and customer-centric services.

To apply, eligible customers can navigate to the Spaces section of their Starling app and complete a brief application. Once approved, they can deposit or withdraw funds anytime without penalties. The interest rate is variable and may change, but Starling guarantees at least 14 days’ notice for any decreases.

Starling Bank continues to offer robust security measures, with funds in Easy Saver accounts protected up to £85,000 under the FSCS. With this new offering, Starling aims to provide a savings solution that combines high returns, flexibility, and ease of use.

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