UK Savings App News: June 2026

Four stories worth a look if you keep your savings or spending money in an app. A regular saver has jumped to 8% and an easy access account has crossed 5%, so the rate war between providers is heating up rather than cooling off. Revolut’s 5% rate is still open to new customers. And from the middle of July, Buy Now Pay Later finally comes under proper regulation.

Santander launches an 8% regular saver, the top rate on the market

Santander has launched a Regular Saver paying 8.00% AER, which now tops every savings chart, easy access, fixed and notice included. The catch is the structure: the headline figure includes a 5.00% AER bonus that runs for 12 months, and regular savers cap how much you can pay in each month, so the rate applies to a slowly building balance rather than a lump sum. It is still a strong home for money you can drip in monthly, but it is not a place to park a large amount in one go. If you want to see what a monthly habit actually earns over a year, our round-up savings calculator runs the numbers. Source: Moneyfacts weekly savings roundup.

Oxbury Bank pushes the top easy access rate to 5.01%

Oxbury Bank has launched an Easy Access Bonus Rate Summer Saver that pays 5.01% AER and now leads the easy access chart, with no notice period to withdraw. As with most chart-topping accounts, the rate is propped up by a bonus: 1.45 percentage points of it runs only until 24 December 2026, after which the account drops to 3.51% AER. LemFi and Revolut sit just behind at 5.00%. The lesson for app savers is the same one we keep flagging: a bonus rate is a 12-month deal, not a permanent one, so diarise the drop-off date and be ready to move. Our cash ISA vs savings calculator helps you weigh a taxable easy access account against the tax-free ISA route. Source: Moneyfacts weekly savings roundup.

Revolut’s 5% savings rate is still open to new customers

Revolut, now a licensed UK bank, is running a 5.00% AER variable rate on its Instant Access Savings for new customers, regardless of subscription plan. The promotional rate is available on accounts opened between 5 June and 4 August 2026, and runs until 4 December 2026, after which balances move to standard rates. Deposits are covered by the Financial Services Compensation Scheme. It is a clean way to earn a market-leading rate inside an app you may already use, though the same bonus-style timing applies: it is a six-month offer, so note when it ends and compare again then. Source: FinTech Global.

Buy Now Pay Later comes under FCA regulation from 15 July

From 15 July 2026 the FCA starts regulating Deferred Payment Credit, the interest-free Buy Now Pay Later used through providers like Klarna, Clearpay and PayPal Pay in 3. The change brings real protection: lenders must run affordability checks before offering credit, give clear information on repayments and missed-payment consequences, and support customers in difficulty. You will also be able to complain to the Financial Ombudsman, and Section 75 of the Consumer Credit Act will apply, so you may be able to claim a refund from the lender if a purchase goes wrong. For anyone using a money app to juggle BNPL instalments alongside their budget, this is a meaningful upgrade in safety. Source: FCA.