Furness Building Society has launched a new double-access savings accounts boasting one of the highest interest rates on the market - and it’s available through its new app.

‘Furness Savings’ is accessible via the App Store, Google Play Store and online and unlocks instant access plus a number of new products, including the new Double Access Saver with an extremely competitive variable rate of 4.90% Gross/AER.

Both new and existing Furness members can open an account with as little as £1 by completing a quick onboarding process to become digitally-enabled. Individuals simply need to search ‘Furness’ in their app store of choice or visit https://www.furnessbs.co.uk/digital.

Double Access account holders will be able to make two withdrawals within a 12-month period and deposit money at any time, making it ideal for those saving for a holiday or building an emergency fund. The account limit is £250,000 for individuals and £500,000 for joint accounts.

Larry Chan, Head of Savings Strategy, Furness Building Society, commented: “Our new app is a means for us to take our renowned levels of customer service, built through generations of Furness expertise, to a digital audience. It’s the perfect place for us to launch our new Double Access Saver, which provides account holders with both flexibility and market-leading savings rates. Our members’ savings needs will be met in the same safe, secure and enjoyable way but at a time and place to suit them.

“Upholding our commitment to retaining in-person banking, our Double Access Saver will also be available in our branches. Our app is designed to complement our in-branch services, giving our customers the freedom to manage their money any way they choose. Together with our network-wide branch refurbishment programme, this further enhances our customer experience and supports our commitment to our high street presence.”