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Home » News » Fintech » Starling Bank raises 1-Year Fixed Saver interest rate to 5.25%

August 3 2023

Starling Bank raises 1-Year Fixed Saver interest rate to 5.25%

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Starling Bank is today raising the interest rate on its 1-Year Fixed Saver from 3.25% to 5.25% AER/Gross* in response to changes in Bank of England interest rate rises.

Effective from Thursday 3 August 2023, Starling Bank customers choosing the Saver will receive a return of 5.25% on balances of £2,000 – £1 million locked in for one year.

A Fixed Saver is managed from the Spaces section of both the Starling Bank app and online bank for maximum visibility and control. Funds can be transferred immediately from the main account balance to the Fixed Saver space, and customers will be able to see how much interest they will accrue on their savings over the full 12 months. They can also hold multiple Fixed Savers at any time.

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