Savings rates
Rates reviewed daily · last updated 5 October 2026
Savings rates
All rates AER · Updated October 2026
Rates shown are AER and correct as of October 2026.
Cash ISA
| Account | AER | Access | Transfers in | Min Balance | |
|---|---|---|---|---|---|
| Easy Cash ISA | 4.01% | — | Accepted | £10 |
Easy Access
| Account | AER | Access | Interest | Min Balance | |
|---|---|---|---|---|---|
| Easy Saver | 3.82% | Instant | Variable | £10 |
Is Spring FSCS protected?
Yes — FSCS protected up to £120,000
Yes. Spring savings are FSCS protected up to £120,000 per person, per banking licence, under Paragon Bank plc. The same limit is shared with Paragon Bank.
Banking licence: Paragon Bank plc
Shares this limit with Paragon Bank.
Last checked against the FCA register on 5 October 2026.
See every brand that shares a banking licenceSwitch offers
Who they are
Spring is a savings app launched by Paragon Bank in April 2025. The idea behind it is straightforward: by pairing with users' existing current accounts, Spring makes depositing spare cash into savings easy, safe and fast - no need to switch your main bank. Spring is brought to you by Paragon Bank, part of Paragon Banking Group PLC, a FTSE 250 company founded in 1985, and today customers trust Paragon with more than £16 billion of their savings. Paragon began offering savings accounts in 2014, building a reputation for friendly, helpful service and consistently competitive rates. The app itself is linked to your existing current account using Open Banking, enabling easy transfers without requiring you to switch your main bank.
Savings accounts
Spring currently offers two accounts. The Easy Saver is an instant-access variable-rate account paying 3.82% AER, with a minimum balance of just £10. For ISA savers, the Easy Cash ISA pays 4.01% AER (variable) and is also open from £10. Both accounts carry full FSCS deposit protection up to £120,000.
One thing to keep in mind: Spring is a brand of Paragon Bank plc (FCA firm reference 604551), so your Spring savings and any money you hold directly with Paragon Bank share a single £120,000 FSCS limit. If you save with both, make sure your combined total stays within that figure.
The app offers savings pots, unlimited withdrawals and 24/7 digital access - all without hidden fees or restrictions. It is app-only, so it suits savers who are comfortable managing everything from a phone.
Is it right for you?
Spring works best for people who want a clean, no-fuss mobile savings experience backed by an established bank. There are no bonuses that expire, no current account fees to factor in, and no switch required. The Easy Cash ISA is a decent option if you want to shelter interest from tax within your annual £20,000 ISA allowance. Rates are variable, though, so they can move in either direction - worth keeping an eye on. Check the live figures on this page to see exactly what Spring is paying right now before you decide.
This overview was generated by DepositScout's AI, Penny on 3 October 2026. It may contain inaccuracies — always confirm rates and terms with Spring directly. Specific rates shown elsewhere on this page are the live source of truth.
