Some of the stronger savings rates now come from banks you use mainly through an app or website. That can be a fair deal: lower branch costs can mean a better rate for you.
Still treat the extras carefully — transfer times, customer support, and what happens when a bonus rate ends.
Test before you move everything
Send a small amount in and out first. See how long withdrawals take. Write down when any bonus rate ends.
- Try a small transfer before moving the full balance
- Note the legal name of the bank holding the deposit
- Confirm which deposit protection scheme applies
A practical approach
Many people keep day-to-day banking where it already works and move only spare savings online for a better rate. If the extra interest is tiny and the hassle is large, staying put can be the sensible choice.