LHV Bank has today launched its new Easy Access savings account paying a highly competitive 4.17% Gross/4.25% AER on balances up to £100,000. 

This straightforward, no-gimmicks savings product gives savers the freedom to access their money whenever they need it with no withdrawal limits and no bonus rates or penalties. 

The new Easy Access account complements LHV Bank’s interest-paying Current Account, which tracks the Bank of England base rate and currently pays 4.00% AER on balances up to £1 million, as well as its range of Fixed Rate Bonds. Together, they offer savers a choice of flexible and fixed-term options designed around simplicity and fair value. 

Kris Brewster, Director of Retail Banking at LHV Bank, said: 

"This is the savings account we believe the UK market has been waiting for. It’s transparent, flexible, and genuinely rewarding.

“We’re cutting through the noise of bonus rates and hidden conditions to offer a clear proposition for savers who value simplicity and strong returns."

This product offers more choice to non-ISA savers, particularly those aged under 65 who in the longer term are now facing a reduced cash ISA limit of £12,000 per year from April 2027 as announced in yesterday's budget. 

Customers can open and manage their accounts easily via the LHV Bank App.  All deposits are protected under the Financial Services Compensation Scheme (FSCS) up to £85,000 per person, increasing to £120,000 from 1 December 2025. 

To open an Easy Access savings account, customers must hold an LHV Current Account.  This account is used to fund LHV savings accounts and there’s no requirement to use it for everyday banking.