Starling Bank is aiming to simplify saving with the launch of Easy Saver, a savings account linked to a Starling personal current account. This account offers penalty-free, immediate withdrawals, and an interest rate of 4% AER / 3.92% GROSS* variable on balances up to £1 million.

The new account is open to eligible Starling personal current account holders and will be rolled out at the end of November. Easy Saver customers will earn daily interest, paid monthly, on their balances and can make immediate, fee-free unlimited deposits and withdrawals to and from a Starling personal current account.

Customers will be able to apply for Easy Saver in a matter of minutes through the Starling app. It will sit under the Spaces section of their current account, bringing all their Starling products together. Spaces are already used extensively for money management, with Starling’s personal account customers having on average at least two Spaces attached to their account, used for everything from putting aside money for Christmas to holiday spending overseas using a Starling virtual card with no fees.

Maria Vidler, Chief Customer Officer of Starling Group said: ‘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 added: ‘Easy Saver is the latest in a suite of new products and services at Starling, following the recent launch of Call Status Indicators, an in-app service helping to protect customers from bank impersonation fraud, with more to follow in 2025.’